Arthurette, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 0.6% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| 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 | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,500 |
| Previous Population (2019) | 15,000 |
| Population Change | 3.3% |
| 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
The real estate market in Arthurette, New Brunswick, currently exhibits a moderate growth trend. The median house price stands at $485,000, with a year-over-year increase of 2.5%. This upward trend in housing prices indicates a steady demand for residential properties. In contrast, the apartment sector shows more modest growth with the median apartment price at $290,000 and an increase of 1.5% year-over-year.
The population of Arthurette has grown by 3.33%, suggesting a rising demand for housing fueled by demographic factors. This population increase is likely to continue supporting the real estate market’s growth in both the residential and apartment sectors.
Investment Opportunities and Potential
With its stable growth in property values, Arthurette presents attractive investment opportunities. The continuous rise in median house prices implies that there is potential for capital appreciation for long-term investors. Furthermore, the growing population may lead to increased rental demand, presenting an opportunity for investors looking to enter the rental market.
Apartments, while experiencing slower price growth, offer a more accessible entry point for new investors or those with limited capital. Given their lower median price point and the overall population increase, apartments may also be a wise choice for those seeking rental income.
Future Market Outlook
The outlook for Arthurette’s real estate market remains optimistic based on current trends. Assuming consistent economic conditions and population growth, the market is likely to maintain its gradual upward trajectory in property values. Continued investments into local infrastructure and amenities could further enhance property attractiveness and bolster market growth.
However, investors should remain aware of broader economic factors that may influence interest rates and lending conditions which could affect buyer affordability. Monitoring these factors will be crucial in making informed investment decisions moving forward.
