Alma, 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 Alma, New Brunswick, is currently experiencing moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a stable market with consistent demand. The median apartment price is currently at $300,000, with a slightly lower growth rate of 2.1% year-over-year. These trends indicate that while houses are in higher demand compared to apartments, both segments of the housing market are appreciating at a steady pace.
Investment Opportunities and Potential
The investment potential in Alma seems promising, particularly for those looking to enter the housing market. Given the population growth rate of 7.1%, which is significantly high, there’s potential for increased housing demand in the near future. This could be attributed to various factors such as local economic development or an influx of people moving to the region. Investors may find opportunities in purchasing residential properties to cater to this growing population or exploring development projects that can meet the forecasted housing needs.
Future Market Outlook
The future outlook for Alma’s real estate market looks optimistic. The combination of strong population growth and steady appreciation in property values suggests that the demand for housing will continue to rise. If current trends persist, investors and homeowners could expect continued growth in their property investments’ value over the coming years. However, it’s important for stakeholders to monitor economic factors and local developments that could influence the market dynamics, such as changes in employment rates or infrastructure projects.
