Arthurette, 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 Arthurette, New Brunswick, is currently experiencing a steady growth period. With a median house price sitting at $500,000, the market has seen a year-over-year increase of 3.5%. Similarly, the median apartment price has reached $300,000, reflecting a slightly lower year-over-year growth of 2.1%. These figures suggest a healthy and growing market that is attracting both homeowners and investors alike.
The population of Arthurette has grown to 15,000 residents, showing a significant growth rate of 7.1%. This population increase is a positive indicator for the real estate market as it often corresponds with higher demand for housing.
Investment Opportunities and Potential
The current trends in the Arthurette real estate market present several investment opportunities. The consistent rise in property values indicates that investments made now could yield considerable returns as prices continue to ascend. The steady growth in median house and apartment prices suggests that both residential properties and multi-family units are viable investment options.
Given the notable population growth, there is potential for new development projects to satisfy the increasing demand for housing. Investors might also consider purchasing rental properties to capitalize on the expanding pool of residents seeking homes. With careful market analysis and strategic investment, stakeholders can leverage the upward trajectory of Arthurette’s real estate market.
Future Market Outlook
Looking forward, Arthurette’s real estate market shows promise for continued growth. The robust population increase coupled with consistent property value appreciation points towards sustained demand and potentially higher property values. Assuming these trends persist, the future outlook for both homebuyers and real estate investors remains optimistic.
However, prospective investors should monitor local economic factors and national policy changes that could impact mortgage rates and property taxes, which may influence buyer affordability and investment viability over time. It is advisable to conduct regular market assessments to stay abreast of any shifts that could affect future real estate dynamics in Arthurette.
