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Terence Bay, NS

Updated: Aug 2016
House
Median price $229,900
Monthly growth 28.11 %
Quarterly trend
Stock on market 0.01%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Terence Bay Home Price

Canada’s national median home listing price this month is $290,900, which means that Terence Bay is close to average for Canada.

With Terence Bay’s median house price at $229,900 in Aug , it is above average compared to the rest of Nova Scotia.

Nova Scotia has the fifth most amount of properties available to property investors, with Terence Bay having 121th most in the province, out of a total of 825.

As one of Nova Scotia’s many potential real estate investment neighbourhoods, Terence Bay needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.

The amount of homes for sale in neighbourhood has fallen over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also grown.

Can we guarantee how well Terence Bay is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

In Terence Bay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.

Beds Median price (House) Median price (Apartment)
3 bedrooms $119,900
Demographics
  • Population in 2011390096
  • Population in 2006372679
  • 2006 to 2011 population change (%)4.7
  • Total private dwellings177160
  • Private dwellings occupied by usual residents165033
  • Population density per square kilometre71.1
  • Land area (square km)5490.28