Allison, 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 Allison, New Brunswick, is currently experiencing stable growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing signs of healthy demand. The apartment sector is also witnessing growth, with a median price of $300,000 and an annual appreciation trend of 2.1%. This suggests a balanced market that is attractive to both homeowners and investors.
The population of Allison stands at 15,000 residents with a significant population growth rate of 7.1%. This demographic expansion is likely contributing to the steady demand for housing in the area.
Investment Opportunities and Potential
Given the consistent growth in property values and the robust population increase, Allison presents several attractive investment opportunities. The single-family home market, with its higher appreciation rate, offers potential for long-term capital gains. The apartment sector, while growing at a slower pace, provides opportunities for investors looking for lower entry points and stable rental income.
In the context of regional economic trends and housing demands, investment in new residential developments or the refurbishment of existing properties could be particularly lucrative. Furthermore, the town’s increasing population may also indicate potential for investments in retail and commercial real estate to service the growing community.
Future Market Outlook
Looking ahead, Allison’s real estate market appears poised for continued growth. The sustained increase in property values aligns with broader provincial trends and indicates ongoing confidence in the local economy. Assuming current economic conditions persist, we expect the upward trajectory in both housing prices and population figures to continue.
However, investors should remain cognizant of external factors such as interest rates, employment levels, and regional economic policies that could impact market dynamics. It would be prudent for stakeholders to monitor these variables closely when making long-term investment decisions in Allison’s real estate market.