Waverley, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.8% |
| Stock on market | 0.6% |
Apartment
| Median price | $305,000 |
| Monthly growth | 0.7% |
| Quarterly trend | 1.9% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $255,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Waverley, Nova Scotia, is currently experiencing steady growth. The median house price stands at $510,000, which reflects a year-over-year increase of 3.8%. This increment indicates a stable demand for housing in the area. Additionally, the median apartment price has reached $305,000, with a modest year-over-year appreciation of 1.9%. These figures suggest that while the market is growing, it’s doing so at a sustainable pace.
The population of Waverley has been on the rise as well, with a growth rate of 3.3%, bringing the total population to approximately 15,500 residents. This increase can potentially lead to higher demand for housing in the near future, which may contribute to further price appreciation.
Investment Opportunities and Potential
In light of the current market conditions, Waverley presents several investment opportunities. The consistent growth in housing prices coupled with the increasing population suggests that there is potential for capital gains in both the short and long term.
Investors looking to purchase rental properties may find value in apartments due to their lower median price point and the town’s growing population. The positive trend in apartment prices indicates a continuing demand for more affordable housing options, which can be advantageous for rental markets.
The stable increase in house prices also offers an opportunity for investors aiming for long-term property appreciation. Given that Waverley’s real estate market is not experiencing volatile swings, it represents a potentially lower-risk environment for investors seeking steady growth.
Future Market Outlook
The future outlook for Waverley’s real estate market looks optimistic. With ongoing population growth and a steady rise in property values, it’s reasonable to anticipate continued demand for housing in the region. The current trends suggest that both housing and apartment prices will maintain an upward trajectory, albeit at a measured pace.
Factors such as economic development initiatives, infrastructure improvements, or changes in interest rates could impact this outlook; however, based on existing data, Waverley appears poised for sustained growth within its real estate sector. Investors and prospective homeowners should remain attentive to local developments that could influence these projections.
