Williamswood, Nova Scotia Real Estate Market Data
Updated: Nov 2024
House
| Median price | $500,000 |
| Monthly growth | 1.2% |
| Quarterly trend | 3.5% |
| Stock on market | 0.8% |
Apartment
| Median price | $300,000 |
| Monthly growth | 0.9% |
| Quarterly trend | 2.1% |
| Stock on market | 1.2% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $400,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $250,000 |
| 2 bedrooms | $350,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,000 |
| Population Change | 7.1% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The Williamswood real estate market is currently experiencing a period of moderate growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This steady uptick in property values indicates a healthy demand for single-family homes. Meanwhile, the median apartment price has reached $300,000, climbing at a slightly lower rate of 2.1% over the same period. This disparity suggests that while there is an interest in more affordable housing options like apartments, the market is predominantly driven by those seeking detached homes.
With a population of 15,000 that has grown by 7.1%, Williamswood is likely experiencing an influx of new residents or a demographic shift leading to increased demand for housing. Such robust population growth can be a catalyst for continued real estate development and may contribute to sustaining the current upward pricing trends in the housing market.
Investment Opportunities and Potential
The consistent growth in property values presents clear opportunities for real estate investors in Williamswood. The steady increase in median house prices points to a strong potential for capital gains on residential properties over time. Furthermore, the robust population growth hints at ongoing demand for rental properties as newcomers seek accommodation, which could benefit investors looking to enter the rental market.
The slower rate of increase in apartment prices compared to houses indicates an untapped market potential for multi-family dwellings. Investors interested in developing or converting properties into apartment complexes may find lower entry costs and an opportunity to cater to a segment of the market that is not as saturated as single-family homes.
Future Market Outlook
Looking forward, the Williamswood real estate market appears poised for sustained growth. The solid foundation set by consistent population increases and growing demand for housing suggests that both house and apartment prices may continue to rise at a measured pace.
However, potential investors and homeowners should also consider broader economic factors such as interest rates, employment rates, and regional economic development initiatives that could impact the local real estate market’s performance. While current trends point towards positive outcomes, it remains crucial to stay informed about any shifts that could affect Williamswood’s real estate landscape.
