Balmoral, 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 Balmoral, New Brunswick is currently experiencing a period of steady growth. The median house price sits at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a stable and growing market, likely driven by the suitable economic conditions and demand for housing in the area. Similarly, the median apartment price has reached $300,000, with a slightly lower year-over-year growth of 2.1%. These trends suggest a balanced expansion across different housing types in Balmoral.
Investment Opportunities and Potential
Given the steady price appreciation in Balmoral’s housing market, investment opportunities are promising, particularly for long-term investors. The consistent growth in property values suggests that investments made now could yield solid returns as the market continues to mature. With a population of 15,000 that has grown by 7.1%, there is an increasing demand for housing that could drive rental yields and property appreciation over time.
Future Market Outlook
The future outlook for Balmoral’s real estate market appears optimistic. Population growth is one of the key drivers for real estate demand, and Balmoral’s significant population increase points to potential further demand for housing. If current trends continue, both house and apartment prices are expected to maintain their upward trajectory, albeit at a sustainable rate. This sustained growth may make Balmoral an attractive location for both residential buyers and real estate investors looking for stable markets with growth potential.
