Aulac, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $497,500 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $620,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,000 |
| Population Change | 8.6% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Aulac, New Brunswick is currently experiencing a period of steady growth. The median house price stands at $497,500, with a year-over-year increase of 3.2%. This indicates a healthy uptrend in the residential property segment. Similarly, the median apartment price has seen an increase to $295,000, marking a 1.9% rise from the previous year. Such incremental growth in property values suggests that the market is stable and growing at a sustainable pace.
A noteworthy demographic trend is the population growth of 8.57%, which is significantly higher than national averages. This surge in population is indicative of increasing demand for housing in the area and can be attributed to factors such as economic opportunities, lifestyle preferences, or regional developments attracting new residents.
Investment Opportunities and Potential
The investment landscape in Aulac presents various opportunities, particularly due to its growing population and corresponding demand for housing. The consistent appreciation in property values provides investors with confidence in the potential for capital gains over time. Specifically, the residential market demonstrates promise for both rental and resale strategies given the steady price trends.
Investors should also consider the potential spillover effect from larger markets or nearby cities as Aulac could attract homebuyers looking for more affordable options or a quieter lifestyle without straying too far from urban centers. Additionally, with the rise in remote work arrangements, smaller towns like Aulac may become increasingly desirable for those seeking a balance between connectivity and tranquility.
Future Market Outlook
Looking ahead, the real estate market in Aulac appears poised for continued growth. The robust population increase suggests that there will be sustained demand for housing. Assuming no significant economic disruptions occur, we can anticipate further gradual increases in property prices driven by this demand.
The province’s overall economic health, government policies affecting homeownership incentives or property taxes, and local infrastructure developments will play crucial roles in shaping Aulac’s real estate future. Given current trends and assuming favourable economic conditions persist, investors can remain cautiously optimistic about long-term growth prospects in Aulac’s real estate market.
