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Anagance, New Brunswick Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.9%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $485,000
4 bedrooms $580,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $340,000
3 bedrooms $430,000

Demographics

Current Population (2025) 15,200
Previous Population (2020) 14,000
Population Change 5.0%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis

Current Market Conditions and Trends in Anagance, New Brunswick

The real estate market in Anagance, New Brunswick, reflects resilience with a steady growth pattern. The median house price currently stands at $485,000, which marks a 3.2% increase year-over-year. This suggests a healthy demand for detached homes, likely driven by both local purchasers and external investors seeking value in smaller communities. Similarly, the median apartment price has seen an appreciation to $295,000, growing at a slightly lower rate of 2.5% year-over-year. This indicates a consistent yet moderate interest in multi-family units.

The population of Anagance has experienced a 5% growth, indicating an influx of residents that contributes to the increasing housing demand. This demographic trend is essential to sustaining the current momentum in the housing market and could lead to further tightening of supply, resulting in upward pressure on prices if the current pace continues.

Investment Opportunities and Potential in Anagance

Anagance’s real estate market offers promising investment opportunities, particularly in the single-family home segment. With median house prices showing a solid annual increase, investments in residential properties could offer steady capital appreciation potential. The positive population growth suggests a growing rental market as well, which may appeal to investors looking for income-generating properties.

Given the more modest increase in apartment prices, there is potential for investors to enter this market segment at a relatively lower entry point. The stable growth rate implies that there might be room for long-term gains without the volatility seen in larger urban centers. Moreover, new developments and property enhancements could benefit from the town’s population increase and expanding economy.

Future Market Outlook for Anagance Real Estate

The future outlook for Anagance’s real estate market remains cautiously optimistic. Continued population growth will likely maintain or even increase the demand for housing. If economic conditions remain stable and interest rates are managed effectively by monetary authorities, we can anticipate ongoing positive trends for both house and apartment prices.

The area’s attractiveness due to its affordable housing options compared to larger cities may bolster migration patterns favoring Anagance. However, it is crucial for potential investors and stakeholders to monitor economic factors such as employment rates, infrastructure development, and regional policies that might impact the real estate sector directly or indirectly.

In summary, while no market is without risk, Anagance presents several appealing characteristics that suggest its real estate market could be poised for continued growth over the short to medium term. Stakeholders are advised to keep abreast of both local developments and broader economic indicators to make informed decisions.