Aldouane, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $495,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.3% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $385,000 |
3 bedrooms | $495,000 |
4 bedrooms | $600,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $350,000 |
3 bedrooms | $450,000 |
Demographics
Current Population (2025) | 15,500 |
Previous Population (2020) | 15,000 |
Population Change | 3.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
The real estate market in Aldouane, New Brunswick, is currently characterized by steady growth. The median house price stands at $495,000, with a year-over-year increase of 3.3%. This moderate appreciation indicates a healthy market that is growing at a sustainable pace.
Apartments in Aldouane have also seen a positive trend with the median price at $295,000, which has gone up by 2% over the past year. The consistent growth in property values reflects a stable demand for housing in the area.
The population of Aldouane has grown by 3.3%, bringing the total to approximately 15,500 residents. This increase in population is likely contributing to the demand for housing and can be seen as a supportive factor for the continuing health of the real estate market.
2. Investment Opportunities and Potential
The current trends suggest that Aldouane’s real estate market holds promising potential for investors. The steady growth in house and apartment prices points towards a balanced market with ongoing demand. Investors looking at long-term capital appreciation may find this an opportune time to enter the market.
The population growth further bolsters the investment case as it may lead to increased rental demand, which can benefit landlords and real estate investors focusing on rental income properties. Moreover, with the median house and apartment prices still below half a million dollars, there are opportunities for investors to acquire properties at relatively accessible price points compared to larger Canadian cities.
3. Future Market Outlook
The outlook for Aldouane’s real estate market remains positive based on current trends and demographic factors. As long as the population continues to grow and the economy remains stable, demand for housing should continue to support gradual price increases. However, investors should also be mindful of broader economic conditions and any local developments that could impact property values.
The moderate pace of price increases suggests that there is little risk of a speculative bubble forming in the near future, making it an attractive market for those looking to invest with lower risk tolerance. All signs point to Aldouane being a solid choice for both residential buyers looking for a stable community to call home and investors seeking steady growth potential.