Anagance, 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 Anagance, New Brunswick, currently exhibits a robust median house price of $500,000, which has experienced a year-over-year increase of 3.5%. This trend indicates a healthy demand for housing in the area, supported by a steady population growth rate of 7.1%, which is significantly higher than the national average. The median apartment price stands at $300,000, with a more moderate appreciation trend of 2.1% year-over-year.
The sustained growth in property values suggests that the market in Anagance is on an upward trajectory, benefiting from economic stability and an influx of new residents seeking accommodation. The housing demand is further bolstered by a population of 15,000, which is likely to continue driving the real estate market forward.
Investment Opportunities and Potential
Given the positive trends in the market, Anagance presents lucrative investment opportunities, particularly in residential properties. Investors can capitalize on the steady increase in house prices by engaging in both short-term and long-term investment strategies. The consistent rise in apartment prices also presents an opportunity for those looking to invest in rental properties or seeking lower entry points into the real estate market.
The ongoing population growth suggests that demand for housing will persist, potentially leading to higher rental yields and capital appreciation over time. Investing in areas slated for development or infrastructure improvement could yield substantial returns as the town continues to expand and attract new residents.
Future Market Outlook
The future market outlook for Anagance’s real estate appears promising. Current indicators such as strong median house and apartment price trends coupled with significant population growth suggest that the upward momentum is likely to continue. Barring any unforeseen economic downturns or policy changes that may affect the housing sector negatively, investors can remain cautiously optimistic about the market’s potential.
The high rate of population growth is particularly encouraging as it will continue to create demand for more housing options. Should this trend persist, it could lead to further developments and possibly diversify the housing stock to include more multi-family units or higher-density living solutions to accommodate the growing community.
In conclusion, with careful consideration of local economic factors and ongoing monitoring of market conditions, investors can find Anagance to be a compelling location with a favorable outlook for real estate investments.
