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 in Apohaqui, New Brunswick
The real estate market in Apohaqui, New Brunswick, is currently experiencing a period of moderate growth. With a median house price of $500,000, there has been a steady year-over-year increase of 3.5%. This trend suggests a stable demand for single-family homes in the area. Similarly, the median apartment price stands at $300,000, which has seen a slightly lower growth rate of 2.1% over the past year.
The population of Apohaqui has grown by an impressive 7.1%, indicating a burgeoning community that could further fuel demand for housing. This population growth can be attributed to factors such as regional economic development, attractive living conditions, and migration from more expensive urban centers. As more people move to Apohaqui, it’s likely the real estate market will continue to see sustained demand.
Investment Opportunities and Potential in Apohaqui
With steady growth in property values and significant population increases, Apohaqui presents attractive investment opportunities. The consistent rise in median house prices reflects a healthy market that may appeal to long-term investors looking for capital appreciation. Rental properties are also potentially lucrative investments due to the growing population and increasing demand for housing.
Investors might find particular value in targeting the apartment sector since its growth trend shows resilience and apartments typically require less maintenance than single-family homes. Given the current trends, there are opportunities for investors to cater to different segments within the market – from first-time homebuyers to individuals seeking downsizing options.
Future Market Outlook for Apohaqui
The future outlook for the Apohaqui real estate market appears optimistic. Considering the solid year-over-year increases in property values and a significant uptick in population growth, it is reasonable to anticipate continued demand for housing in the region.
As long as economic conditions remain favorable and the area continues to attract new residents due to its appeal as a less congested and more affordable alternative to larger urban markets, Apohaqui’s real estate market should maintain its upward trajectory. However, potential investors should keep an eye on broader economic indicators and local developments that could impact property values and rental demand.
