Barnesville, 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
In Barnesville, New Brunswick, the real estate market is currently experiencing a period of moderate growth. With a median house price of $500,000 and an annual house price increase of 3.5%, the market shows signs of healthy demand. Similarly, the apartment sector also reflects a steady upward trend with a median price of $300,000 and an annual appreciation rate of 2.1%. These figures suggest a balanced growth across different housing types.
The population in Barnesville has grown by 7.1%, which may contribute to the sustained demand for housing. The proportional increase in both property values and population indicates a stable market with ongoing growth potential that aligns with demographic trends.
Investment Opportunities and Potential
For investors looking towards Barnesville’s real estate market, there are promising opportunities. The consistent growth in housing prices points to a market that has not yet reached saturation and continues to attract buyers. The positive trend in the apartment market may be particularly appealing for those looking to invest in rental properties or seeking lower entry points into the real estate market.
Given the population growth rate of 7.1%, there is potential for increased rental demand, making it an opportune time for investors to consider entering the market or expanding their portfolio with either residential or apartment properties.
Future Market Outlook
The future outlook for Barnesville’s real estate market appears optimistic. Given the current growth trends and positive population influx, it is reasonable to anticipate continued demand for housing which should support ongoing property value appreciation. However, investors and prospective homebuyers should keep an eye on economic factors and local developments that might influence these trends.
The consistent yet modest price increases indicate that while the market is growing, it is doing so at a sustainable rate. This balanced growth suggests that Barnesville may continue to offer stable investment opportunities without the volatility seen in some overheated markets.