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Melvern Square, NS

Updated: Aug 2016
House
Median price $226,400
Monthly growth 33.25 %
Quarterly trend
Stock on market 0.08%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Melvern Square Home Price

When looking across the province, Melvern Square is the 331th most expensive in Nova Scotia.

With Melvern Square’s median house price at $226,400 in Aug , it is about average compared to the rest of Nova Scotia.

There are 825 neighbourhoods that have more properties on sale than Melvern Square at the moment in Nova Scotia which puts the neighbourhood lowest fifth when looking at the number of properties to choose from.

When we look at the data we have, it can help with trying to establish whether or not Melvern Square is a good investment target.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing the same as the national average.

Will prices rise across the next year in in Melvern Square? There are a number of real estate indicators to consider.

Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Melvern Square there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.

Beds Median price (House) Median price (Apartment)
3 bedrooms $169,900
Demographics
  • Population in 20115016
  • Population in 20065085
  • 2006 to 2011 population change (%)-1.4
  • Total private dwellings2434
  • Private dwellings occupied by usual residents2161
  • Population density per square kilometre24.2
  • Land area (square km)207.55

Age Characteristics

Total population by age groups 5015
0 to 4 years 215
5 to 9 years 220
10 to 14 years 290
15 to 19 years 300
15 years 60
16 years 60
17 years 65
18 years 60
19 years 55
20 to 24 years 245
25 to 29 years 200
30 to 34 years 240
35 to 39 years 260
40 to 44 years 320
45 to 49 years 505
50 to 54 years 495
55 to 59 years 405
60 to 64 years 365
65 to 69 years 330
70 to 74 years 220
75 to 79 years 190
80 to 84 years 110
85 years and over 95
Median age of the population 47.3
% of the population aged 15 and over 85.4

Marital Status

Total population 15 years and over by marital status 4285
Married or living with a common-law partner 2840
Married (and not separated) 2320
Living common-law 525
Not married and not living with a common-law partner 1440
Single (never legally married) 810
Separated 120
Divorced 255
Widowed 255

Family Characteristics

Total number of census families in private households 1615
Size of census family: 2 persons 1005
Size of census family: 3 persons 290
Size of census family: 4 persons 230
Size of census family: 5 or more persons 95
Total number of census families in private households 1610
Total couple families by family structure and number of children 1410
Married couples 1145
Without children at home 710
With children at home 435
1 child 185
2 children 180
3 or more children 70
Common-law couples 260
Without children at home 150
With children at home 115
1 child 50
2 children 40
3 or more children 20
Total lone-parent families by sex of parent and number of children 200
Female parent 150
1 child 105
2 children 40
3 or more children 5
Male parent 55
1 child 35
2 children 10
3 or more children 5
Total children in census families in private households 1270
Under six years of age 260
6 to 14 years 470
15 to 17 years 170
18 to 24 years 250
25 years and over 110
Average number of children at home per census family 0.8

Household And Dwelling Characteristics

Total number of persons in private households 4990
Number of persons not in census families 695
Living with relatives 45
Living with non-relatives only 135
Living alone 515
Number of census family persons 4290
Average number of persons per census family 2.7
Total number of persons 65 years and over in private households 925
Number of persons not in census families aged 65 years and over 245
Living with relatives 20
Living with non-relatives only 20
Living alone 210
Number of census family persons aged 65 years and over 680
Total number of private households by household type 2160
Census-family households 1595
One-family-only households 1515
Couple-family households 1355
Without children 830
With children 530
Lone-parent-family households 165
Other family households 80
One-family households with persons not in a census family 60
Couple-family households 35
Without children 25
With children 15
Lone-parent-family households 25
Two-or-more-family households 20
Non-census-family households 570
One-person households 515
Two-or-more-person households 55
Total number of occupied private dwellings by structural type of dwelling 2160
Single-detached house 1905
Apartment, building that has five or more storeys 0
Movable dwelling 80
Other dwelling 175
Semi-detached house 70
Row house 5
Apartment, duplex 15
Apartment, building that has fewer than five storeys 80
Other single-attached house 5
Total number of private households by household size 2165
1 person 510
2 persons 985
3 persons 310
4 persons 240
5 persons 75
6 or more persons 40
Number of persons in private households 4990
Average number of persons in private households 2.3

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