Apohaqui, 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 Apohaqui, New Brunswick, is currently characterized by moderate growth. The median house price in the region stands at $500,000, which represents a year-over-year increase of 3.5%. This growth rate indicates a stable market with consistent demand for housing. The apartment sector is also experiencing growth, albeit at a slower pace, with median prices at $300,000 and an appreciation trend of 2.1% over the past year.
Apohaqui’s population has recently grown by 7.1%, suggesting an influx of new residents and potential homebuyers. This demographic shift is likely contributing to the steady demand for housing and could be driving the moderate price increases observed in both houses and apartments.
Investment Opportunities and Potential
Given the current market trends, Apohaqui presents several investment opportunities. The steady growth in property values indicates that purchasing real estate in this market could yield solid returns over time. For investors looking at long-term gains, single-family homes appear to be particularly promising due to their higher appreciation rate compared to apartments.
The population growth not only bolsters demand for permanent residences but may also create opportunities in the rental market. Investors may find potential in acquiring properties to rent out to the growing number of people moving into the area who may not be ready to purchase homes immediately.
Moreover, since the market is not experiencing rapid price inflation, there is reduced risk of a housing bubble, making investments in Apohaqui real estate potentially more stable and resilient compared to markets with more volatile conditions.
Future Market Outlook
The future outlook for Apohaqui’s real estate market remains positive. The continuing population growth suggests sustained demand for housing which should keep driving property values upward at a steady pace. Assuming no major economic disruptions occur, both the house and apartment sectors are likely to maintain their current trajectories of moderate appreciation.
Investors and homebuyers can be cautiously optimistic about entering the Apohaqui real estate market. However, as with any investment, it is essential to monitor economic indicators closely for any signs of change that could affect market conditions. Local government policies, infrastructure developments, and employment rates are all factors that will play a role in shaping the future of Apohaqui’s real estate landscape.
