Woodville, 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
In Woodville, Nova Scotia, the real estate market has demonstrated steady growth over the past year. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This trend suggests a healthy demand for single-family homes consistent with regional development patterns.
Apartment prices in Woodville also indicate an upward trajectory, albeit at a slightly slower pace. With a median price of $300,000 and an annual appreciation rate of 2.1%, the market for multi-family units is expanding, reflecting a diverse housing demand within the township.
The population of Woodville has reached approximately 15,000 residents, with a robust growth rate of 7.1%. This influx of new residents may be attributed to Woodville’s appealing living conditions and its burgeoning local economy.
Investment Opportunities and Potential
The positive trends in both housing and population growth signal considerable investment opportunities in Woodville. Investors can capitalize on the sustained increase in property values, particularly in the single-family home sector which has seen a higher appreciation rate. Long-term investments appear promising due to the ongoing demand for residential properties.
The apartment market also presents an attractive opportunity for investors seeking more affordable entry points into real estate or those looking to cater to segments preferring smaller living spaces or rental accommodations. The stable growth rate of apartment prices indicates a reliable potential for returns on investment.
Growth in commercial real estate should not be overlooked as the rising population may lead to increased demand for retail spaces, offices, and other business-related properties.
h2>Future Market Outlook/h2
Looking ahead, Woodville’s real estate market is poised for continued growth. Demographic trends suggest that the township will likely maintain its population expansion, further fueling housing demand. As long as economic conditions remain favorable and infrastructure development keeps pace with population growth, both house and apartment markets should sustain their upward momentum.
The current data indicates that investing in Woodville’s real estate could prove beneficial for those with mid to long-term horizons. Vigilance towards shifts in economic policies, interest rates, and local industry developments remains essential for maximizing investment outcomes.
