Welsford, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Welsford, Nova Scotia Real Estate Market Analysis
Current Market Conditions and Trends
The real estate market in Welsford, Nova Scotia is currently experiencing a period of moderate growth. The median house price stands at $495,000, which represents a year-over-year increase of 2.8%. This increment indicates a stable market with a consistent appreciation in property values. Similarly, the median apartment price is $295,000, following a similar upward trend with a 2.5% rise over the past year.
These growth rates are supported by the local population expansion; Welsford’s population has grown by 3.4%, suggesting an increased demand for housing in the area. This steady demographic growth is likely contributing to the sustained real estate market health and could indicate the potential for further value retention and growth in property investments.
Investment Opportunities and Potential
Welsford’s real estate market presents appealing opportunities for both residential and rental property investors. The consistent increase in housing prices suggests that purchasing property could be a solid investment with the potential for capital gains over time. Furthermore, the growing population points towards a rising demand for rental accommodations, which could benefit landlords and investors looking for stable rental income streams.
The moderate yet steady appreciation rates for both houses and apartments imply that the market is less likely to experience sudden spikes or dips in pricing, offering a relatively low-risk environment for long-term investments. Additionally, as more people move to the area, new developments and improvements in infrastructure may present further opportunities for investors to capitalize on emerging trends and community growth.
Future Market Outlook
The future outlook of Welsford’s real estate market appears promising. The combination of steady price growth, healthy population increases, and ongoing demand for housing suggest that the market is poised for continued stability and growth. While external economic factors can always influence local real estate dynamics, current indicators point towards a positive trajectory for Welsford’s property values.
Investors considering entry into this market should remain attentive to demographic trends and regional economic developments that may impact housing supply and demand. Nonetheless, given Welsford’s current market conditions and trends, it stands as an attractive locale for both residential buyers seeking long-term homes and investors pursuing profitable real estate ventures.
