Waverley, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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
In Waverley, Nova Scotia, the real estate market is currently experiencing a steady growth pattern. The median house price sits at $485,000, reflecting a year-over-year increase of 3.2%. This suggests a stable market with moderate appreciation in property values, indicating healthy demand for housing in the area. Similarly, apartment prices have seen a rise with the median price point at $290,000 and experiencing a slightly lower yet consistent growth rate of 2.5% year-over-year.
Waverley’s population has reached approximately 15,200 residents and is observing a growth rate of 2.7%, which is relatively high and may contribute to increased housing demand. This demographic expansion can be attributed to the area’s attractiveness for individuals seeking a balance between urban amenities and the tranquility of a smaller community.
Investment Opportunities and Potential
The investment landscape in Waverley presents promising opportunities, particularly for those interested in long-term capital gains. Given the steady rise in house and apartment prices, coupled with the area’s population growth, there is potential for continued appreciation of property values. Investors may find particular value in single-family homes due to their higher year-over-year price increase compared to apartments.
Beyond residential properties, Waverley’s ongoing development and population influx could create ripe conditions for investing in rental properties. As new residents seek housing solutions within the community, investors could benefit from stable rental income streams in addition to property value appreciation.
Future Market Outlook
The future outlook for Waverley’s real estate market appears optimistic. Assuming current trends persist, we can expect further gradual increases in property values driven by sustained demand. The robust population growth serves as an indicator that Waverley will continue to attract new residents which should bolster the housing market.
However, it is important for potential investors to consider broader economic factors such as interest rates, employment rates, and provincial economic policies that could influence market dynamics. Vigilance and thorough market analysis remain key to making informed investment decisions.
