Real Estate Market Report for
Melrose, NB

Updated : May 2015
House
  • Median price $129,900
  • Monthly growth 0.00 %
  • Quarterly trend
  • Stock on market 0.17%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Melrose Home Price

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Melrose was Canada’s 4351th most expensive suburb by listed median house price this month.

In May the median listed house price of $129,900 in Melrose was a below average compared to the rest of New Brunswick.

Across New Brunswick Melrose has the 290th most properties on offer with 416.

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

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

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

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

Demographics
  • Population in 20111074
  • Population in 20061203
  • 2006 to 2011 population change (%)-10.7
  • Total private dwellings1160
  • Private dwellings occupied by usual residents490
  • Population density per square kilometre3.5
  • Land area (square km)304
  • Age Characteristics
    Total population by age groups 1075
    0 to 4 years 30
    5 to 9 years 35
    10 to 14 years 45
    15 to 19 years 60
    15 years 0
    16 years 15
    17 years 20
    18 years 20
    19 years 10
    20 to 24 years 60
    25 to 29 years 35
    30 to 34 years 20
    35 to 39 years 35
    40 to 44 years 45
    45 to 49 years 100
    50 to 54 years 100
    55 to 59 years 100
    60 to 64 years 115
    65 to 69 years 85
    70 to 74 years 95
    75 to 79 years 55
    80 to 84 years 25
    85 years and over 25
    Median age of the population 53.7
    % of the population aged 15 and over 89.6
  • Marital Status
    Total population 15 years and over by marital status 965
    Married or living with a common-law partner 630
    Married (and not separated) 545
    Living common-law 80
    Not married and not living with a common-law partner 340
    Single (never legally married) 190
    Separated 25
    Divorced 55
    Widowed 70
    Family Characteristics
    Total number of census families in private households 350
    Size of census family: 2 persons 235
    Size of census family: 3 persons 60
    Size of census family: 4 persons 40
    Size of census family: 5 or more persons 15
    Total number of census families in private households 355
    Total couple families by family structure and number of children 315
    Married couples 275
    Without children at home 185
    With children at home 85
    1 child 40
    2 children 30
    3 or more children 10
    Common-law couples 40
    Without children at home 25
    With children at home 20
    1 child 10
    2 children 5
    3 or more children 0
    Total lone-parent families by sex of parent and number of children 45
    Female parent 30
    1 child 20
    2 children 10
    3 or more children 0
    Male parent 15
    1 child 10
    2 children 0
    3 or more children 0
    Total children in census families in private households 230
    Under six years of age 40
    6 to 14 years 65
    15 to 17 years 30
    18 to 24 years 65
    25 years and over 25
    Average number of children at home per census family 0.6
  • Household And Dwelling Characteristics
    Total number of persons in private households 1070
    Number of persons not in census families 180
    Living with relatives 25
    Living with non-relatives only 25
    Living alone 130
    Number of census family persons 890
    Average number of persons per census family 2.5
    Total number of persons 65 years and over in private households 285
    Number of persons not in census families aged 65 years and over 85
    Living with relatives 10
    Living with non-relatives only 10
    Living alone 70
    Number of census family persons aged 65 years and over 200
    Total number of private households by household type 490
    Census-family households 350
    One-family-only households 330
    Couple-family households 295
    Without children 195
    With children 100
    Lone-parent-family households 35
    Other family households 20
    One-family households with persons not in a census family 15
    Couple-family households 10
    Without children 5
    With children 5
    Lone-parent-family households 0
    Two-or-more-family households 5
    Non-census-family households 140
    One-person households 130
    Two-or-more-person households 15
    Total number of occupied private dwellings by structural type of dwelling 490
    Single-detached house 485
    Apartment, building that has five or more storeys 0
    Movable dwelling 5
    Other dwelling 0
    Semi-detached house 0
    Row house 0
    Apartment, duplex 5
    Apartment, building that has fewer than five storeys 0
    Other single-attached house 0
    Total number of private households by household size 490
    1 person 130
    2 persons 230
    3 persons 65
    4 persons 45
    5 persons 15
    6 or more persons 5
    Number of persons in private households 1075
    Average number of persons in private households 2.2
Census 2011

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