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Astle, 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





Astle, New Brunswick Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Astle, New Brunswick, is currently experiencing steady growth. The median house price stands at $500,000, which reflects a 3.5% year-over-year increase. This growth rate suggests a healthy demand for single-family homes in the area. On the other hand, the median apartment price is somewhat lower at $300,000, with a more modest year-over-year increase of 2.1%. The difference in growth rates between houses and apartments could indicate a stronger preference or demand for detached housing options in the community.

Investment Opportunities and Potential

Investors looking at the Astle real estate market may find promising opportunities, particularly within the housing sector. Given the consistent rise in median house prices, purchasing residential property could potentially lead to capital gains in the long term. Moreover, with a population growth of 7.1%, there is an increasing demand for housing which could benefit investors seeking rental income. The growing population may also signal an expanding local economy, which can positively impact property values over time.

Future Market Outlook

The outlook for Astle’s real estate market appears optimistic. The steady growth in house prices accompanied by solid population expansion suggests that the market will continue to thrive. Should these trends persist, investors and homeowners alike can expect continued appreciation of property values. It will be important to monitor economic factors that could influence consumer confidence and interest rates as they can have significant effects on real estate markets. Nonetheless, current indicators point towards a robust future for Astle’s real estate investments.