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, reflects a steady growth trajectory. With a median house price of $500,000, which has seen a year-over-year increase of 3.5%, the local housing market is experiencing a moderate appreciation in value. This suggests a healthy demand for homes that could be attributed to the town’s desirable features or economic factors drawing attention to the area.
The market for apartments is following a similar positive direction, albeit at a slightly slower pace. The median apartment price stands at $300,000, having risen by 2.1% year-over-year. This differential growth rate between houses and apartments may indicate varying demand levels across different housing types or could highlight differing investment strategies within the real estate market.
Additionally, Allison’s population has grown by 7.1%, indicating a population of approximately 15,000 residents. This demographic trend is an integral component of real estate dynamics as it often correlates with increased housing demand and potential development opportunities.
Investment Opportunities and Potential
The steady growth in median house and apartment prices suggests that Allison is an emerging market with potential for real estate investment. The consistent appreciation in property values indicates that investments made in the current climate could yield favorable returns as market conditions mature.
The strong population growth rate further bolsters the case for investment. An influx of new residents typically translates into heightened demand for rental properties, thereby presenting potential opportunities for investors looking to enter the buy-to-let market or develop new housing projects to cater to this growing demographic.
Given these factors, investors should consider diversifying their portfolios with properties in Allison, paying particular attention to areas within the city where growth may be most pronounced or where there are plans for future infrastructure or economic development that could enhance property values further.
Future Market Outlook
The future outlook for Allison’s real estate market appears optimistic based on current trends and demographic data. If the existing trajectory continues, we can anticipate ongoing appreciation in property values across both houses and apartments. Continued population growth will likely sustain demand for housing and could drive further development within the city.
However, potential investors should remain vigilant regarding external economic factors that could impact interest rates, employment levels, and overall economic health—factors that invariably affect real estate markets. Investors are advised to conduct thorough due diligence and keep abreast of both local and national economic indicators when considering long-term commitments to the Allison real estate market.
To conclude, Allison offers a promising landscape for real estate investment, characterized by stable growth in property values and an expanding population base. While current trends point towards a positive outlook, maintaining an informed perspective on broader economic conditions will be essential for capitalizing on Allison’s real estate potential.
