Weston, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.7% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| 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 | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,100 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.1% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Weston, Nova Scotia is currently experiencing moderate growth. With a year-over-year increase of 3.7% in median house prices, the current median price stands at $495,000. The apartment sector is also showing positive momentum with prices trending upwards at a slightly lower rate of 2.5% year-over-year, leading to a median apartment price of $295,000.
This steady market growth is supported by the area’s increasing population, which has grown by 4.14% to reach 15,100 residents. This demographic trend suggests sustained demand for housing in the near term and contributes to a competitive environment for both buyers and sellers.
Investment Opportunities and Potential
The investment potential in Weston’s real estate market is promising given the consistent upward trends in property values. Single-family homes remain a strong sector with their nearly 4% annual price increase, making them attractive assets for long-term capital gains.
Apartments offer a more accessible entry point for investors, at a median price of $295,000 and a 2.5% appreciation rate. This segment might appeal to investors looking for rental income opportunities, especially as the population growth could lead to higher demand for rental properties.
Given the population increase and corresponding housing demand, there is also potential for new development projects or the renovation of existing properties to meet the evolving needs of the community.
Future Market Outlook
The future outlook for Weston’s real estate market appears optimistic. Population growth is likely to maintain demand for residential properties, supporting stable price appreciation in both houses and apartments.
However, it is important to note that external economic factors such as interest rates, employment rates, and broader economic health can affect local real estate conditions. Investors and homebuyers should keep an eye on these indicators while considering long-term trends and demographics that suggest Weston will continue to be an attractive market for both living and investing.
