New construction - March 2025
Nova Scotia New Construction Market Report
Quarter 1 Performance Trends: March vs. February
Executive Market Intelligence
- Market rebalancing: March saw 50% increase in listings with 25% growth in sales, indicating improving inventory conditions after February's tight supply
- Geographic diversification: Activity spread across 10 major communities, with Lantz (7), Beaver Bank (5), Middle Sackville (5), Fall River (5), and Lower Truro (5) showing balanced distribution
- Builder market share: Marchand Homes captured 11% of total market with 7 properties, demonstrating significant consolidation
- Price accessibility: 38% of sales occurred in $500K-$700K range, while 28% fell in $300K-$500K segment, showing stronger entry-level activity
- Premium segment resilience: Fall River commanded highest average price at $921K, while Middle Sackville led price per square foot at $419
- Size distribution balance: Market showed equilibrium across size segments with 32% in 2,000-2,500 sq ft range
Top 10 Communities by Activity
| Rank | Community | Number of Listings |
|---|---|---|
| 1 | Lantz | 7 |
| 2 | Beaver Bank | 5 |
| 3 | Middle Sackville | 5 |
| 4 | Fall River | 5 |
| 5 | Lower Truro | 5 |
| 6 | Beechville | 4 |
| 7 | Hammonds Plains | 4 |
| 8 | Pictou | 4 |
| 9 | Spryfield | 3 |
| 10 | Upper Sackville | 3 |
Price Distribution
| Price Range | Number of Sales | Percentage |
|---|---|---|
| Under $300K | 2 | 3% |
| $300K - $500K | 17 | 28% |
| $500K - $700K | 23 | 38% |
| $700K - $900K | 15 | 25% |
| $900K and Above | 3 | 5% |
| Total | 60 | 100% |
Property Size Distribution
| Size Range (sq ft) | Number of Properties | Percentage |
|---|---|---|
| Under 1,500 | 18 | 30% |
| 1,500 - 2,000 | 17 | 28% |
| 2,000 - 2,500 | 19 | 32% |
| 2,500 - 3,000 | 5 | 8% |
| 3,000 and Above | 1 | 2% |
| Total | 60 | 100% |
Top 10 Builders by Volume
| Rank | Builder Name | Number of Properties |
|---|---|---|
| 1 | Marchand Homes | 7 |
| 2 | Michael Rose - Roseview | 4 |
| 3 | Ramar Construction | 3 |
| 4 | Gerald Mitchell Contracting | 3 |
| 5 | FH Development Group | 3 |
| 6 | ATN GROUP LTD | 3 |
| 7 | Meadow Ridge Estates | 3 |
| 8 | Nova East Homes | 3 |
| 9 | Metro Premier Properties | 3 |
| 10 | Gerald Mitchell (2) | 2 |
Regional Market Performance - Top 10 Communities
| Rank | Community | Number of Sales | Avg Square Footage |
|---|---|---|---|
| 1 | Lower Truro | 5 | 1,319 |
| 2 | Beechville | 4 | 2,282 |
| 3 | Beaver Bank | 4 | 2,231 |
| 4 | Middle Sackville | 4 | 1,954 |
| 5 | Lantz | 3 | 1,678 |
| 6 | Spryfield | 3 | 2,074 |
| 7 | Fall River | 3 | 2,616 |
| 8 | Upper Sackville | 3 | 1,708 |
| 9 | Hammonds Plains | 2 | 2,691 |
| 10 | Enfield | 2 | 1,935 |
Average Selling Price by Community
| Rank | Community | Average Price |
|---|---|---|
| 1 | Fall River | $921,000 |
| 2 | Middle Sackville | $823,023 |
| 3 | Hammonds Plains | $766,432 |
| 4 | Beechville | $698,175 |
| 5 | Beaver Bank | $698,016 |
| 6 | Spryfield | $664,324 |
| 7 | Upper Sackville | $586,567 |
| 8 | Enfield | $519,450 |
| 9 | Lantz | $515,567 |
| 10 | Lower Truro | $430,440 |
Price Per SqFt by Community
| Rank | Community | Price/SqFt |
|---|---|---|
| 1 | Middle Sackville | $419 |
| 2 | Upper Sackville | $353 |
| 3 | Fall River | $328 |
| 4 | Spryfield | $328 |
| 5 | Lower Truro | $327 |
| 6 | Beaver Bank | $324 |
| 7 | Lantz | $314 |
| 8 | Beechville | $306 |
| 9 | Hammonds Plains | $300 |
| 10 | Enfield | $261 |
.jpg)
Royal LePage Atlantic.
We are leaders in the real estate community with a reputation for integrity, dedication and as equally important, we are known for achieving results. Our professional, motivated and trustworthy Team Members are committed to delivering quality service for both buyers and sellers. From the very start of your search to the day of your sale, whether it is a condo, townhouse, cottage, farm, or commercial property that you are looking to buy or sell, we are here to help you with real estate choices.
CONTACT US
SHARE ON SOCIAL MEDIA
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
MLS®, Multiple Listing Service®, REALTOR®, REALTORS®, and the associated logos are trademarks of The Canadian Real Estate Association.