Aldouane, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $482,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $482,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 15,000 |
| Population Change | 1.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Aldouane, New Brunswick, is currently experiencing a period of steady growth. With a median house price sitting at $482,000, the market has seen a moderate year-over-year increase of 3.2%. This suggests a healthy demand for single-family homes, possibly driven by both local buyers and external investors seeking value in smaller markets.
The apartment sector is also showing positive momentum, with the median price of an apartment reaching $295,000. The annual growth rate for apartments stands slightly lower at 2.5% year-over-year. This slower pace of growth might reflect a more balanced market where supply meets the demand without causing significant inflation in prices.
Aldouane’s population has reached 15,200 residents and is growing at a rate of 1.33%. This demographic expansion may continue to fuel housing demand and could potentially lead to tighter market conditions if new housing supply does not keep pace with population growth.
Investment Opportunities and Potential
Given the current market conditions and trends, investment opportunities within Aldouane appear promising, especially in the residential sector. Investors should consider the stable increase in housing prices as an indicator of continued demand and potential for capital gains over time.
The consistent growth in the population further elevates the potential for rental properties. As more people move into the area, there will be an increased need for rental accommodations, which could drive up rental yields for investors.
Moreover, with apartment prices growing at a slightly lower rate than houses, there may be opportunities to enter the market at a more accessible price point while still benefiting from the overall positive trend in property values.
Future Market Outlook
Looking ahead, the future market outlook for Aldouane remains optimistic. If current trends persist—moderate price increases coupled with steady population growth—the real estate market is likely to see sustained demand. This bodes well for both homeowners looking to protect their investment and potential buyers considering entry into the market.
However, it’s essential to monitor any shifts in economic factors that could affect employment rates or consumer confidence within the region since these are critical drivers of real estate market health. Additionally, watching for changes in interest rates will be important as they can influence buyer affordability and potentially impact future price growth trends.
