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
The real estate market in Ammon, New Brunswick, currently exhibits steady growth, with the median house price standing at $500,000, reflecting a year-over-year increase of 3.5%. This increment is indicative of a stable demand for housing in the area. Similarly, the apartment sector has seen a more modest rise in prices with the median apartment value currently at $300,000, up 2.1% from the previous year.
These trends suggest that the market is experiencing healthy levels of activity, with single-family homes driving most of the appreciation. The population in Ammon has grown by 7.1%, which could be contributing to the increased demand for housing and the concurrent upward pressure on prices.
Investment Opportunities and Potential
Given the steady increase in property values and significant population growth, Ammon presents several attractive opportunities for real estate investors. The consistent uptick in house prices can be advantageous for long-term investment strategies as it points to a market that has room for capital gains. Moreover, the increasing population may signal a rising demand for rental properties, suggesting potential for investors interested in purchasing residential units to rent out.
The diversification between single-family homes and apartments offers varied investment profiles: houses are appreciating at a faster rate and may present higher capital gain prospects, whereas apartments may be more accessible investments with potential for steady income through rentals.
Future Market Outlook
The future outlook of Ammon’s real estate market remains cautiously optimistic. Given that the current trends show sustained growth in property values alongside robust population increases, it is likely that these patterns will continue into the near future. The key indicators suggest that there is ongoing demand which should support both real estate valuations and investment returns.
However, investors should monitor economic factors such as employment rates, interest rates, and regional development initiatives as these can significantly influence market dynamics. Assuming economic conditions remain stable or improve, Ammon’s real estate market could maintain its growth trajectory and provide rewarding opportunities for both homeowners and investors alike.
