Adamsville, New Brunswick 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
The real estate market in Adamsville, New Brunswick currently exhibits healthy growth with a median house price of $500,000, which is indicative of a robust market. The year-over-year trend shows an increase of 3.5%, suggesting that property values are on the rise. Similarly, the median apartment price stands at $300,000 with a more modest growth trend of 2.1% over the past year. These statistics reflect a sustainable growth pattern in the housing sector.
With a population of 15,000 and a significant population growth of 7.1%, Adamsville is experiencing demographic expansion that can contribute to increased housing demand. This population uptick may be attributed to various factors such as local economic development, migration patterns, or an influx of residents seeking the lifestyle that Adamsville offers.
Investment Opportunities and Potential
The consistent increase in property values coupled with substantial population growth suggests that Adamsville possesses strong investment potential. For investors looking at long-term capital appreciation, the single-family housing market presents a promising opportunity due to its higher growth rate compared to apartments.
However, the apartment sector should not be overlooked; with its 2.1% annual price increase, it serves as an attractive option for investors seeking rental income properties, especially given the expanding population which may include renters who are students, young professionals or small families.
Furthermore, new developments and infrastructure projects tied to the town’s expansion could introduce additional opportunities for investment in both residential and commercial real estate sectors.
Future Market Outlook
The future market outlook for Adamsville remains optimistic based on current trends and data. The steady increase in house and apartment prices points towards continued market health. Moreover, assuming the trend of population growth persists, demand for housing will likely sustain or potentially increase property values further.
In light of these factors, investors should monitor potential shifts in interest rates, local economic policies, and national real estate regulations that could influence future market conditions. Nevertheless, Adamsville’s current trajectory suggests that the real estate market holds potential for both short-term gains through flipping or renting out properties and long-term investment through appreciation.