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
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.