Ammon, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
In Ammon, New Brunswick, the real estate market presents consistent growth in property values with a stable demand. The median house price stands at $500,000, reflecting a solid year-over-year increase of 3.5%. This gain indicates a healthy market that is gradually appreciating, which could be attributed to both local economic factors and broader national trends.
Similarly, the apartment sector shows positive momentum with a median price point of $300,000 and a slightly slower growth rate of 2.1% year-over-year. The discrepancy in growth rates between houses and apartments may suggest that single-family homes are currently more in demand or that there is a relative shortage of such homes available on the market.
The population of Ammon has reached approximately 15,000 residents with a substantial growth rate of 7.1%. This demographic expansion is likely contributing to the increased demand for housing in the area and may continue to support property value appreciation as supply struggles to keep pace.
Investment Opportunities and Potential
Given the steady increase in property values and significant population growth, Ammon presents several attractive investment opportunities. Investors looking at the long-term horizon could benefit from purchasing single-family homes, which have shown stronger appreciation compared to apartments. However, the growing population also suggests that there may be an underserved market for rental properties, particularly apartments, which could offer investors steady cash flow and potential for capital gains over time.
In terms of development potential, investors might consider exploring new residential construction projects to meet the burgeoning housing demand driven by population growth. Such projects could range from single-family home developments to multi-unit apartment complexes catering to different segments of the market.
Future Market Outlook
The future outlook for Ammon’s real estate market remains optimistic based on current trends. With an ongoing population increase and consistent property value appreciation, it is reasonable to anticipate sustained demand for housing. The critical factor will be whether local development can keep up with this demand without oversaturating the market.
If current trends persist, we may expect similar or slightly higher appreciation rates in property values in the coming years. Monitoring economic indicators such as employment rates and infrastructure investments will be vital for predicting any shifts in the market dynamics.
Investors and stakeholders should stay informed on municipal planning and zoning changes as these could either bolster or hinder future growth opportunities within Ammon’s real estate sector.
