Barnesville, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $485,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 15,000 |
Population Change | 1.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Barnesville, New Brunswick is currently characterized by moderate growth in property values. The median house price stands at $485,000, which marks a 3.2% year-over-year increase. This steady rise suggests a healthy demand for housing in the area, reflecting a growing confidence among buyers and sellers alike. Similarly, the median apartment price has seen a rise to $295,000, with a slightly lower growth rate of 2.5% year-over-year.
The population of Barnesville has reached approximately 15,200 residents, showing a promising growth rate of 1.33%. This demographic trend is indicative of an expanding community which could further drive housing demand.
Investment Opportunities and Potential
Barnesville’s real estate market presents several investment opportunities. The consistent appreciation in house prices indicates a stable market that is likely to reward long-term investment strategies. Rental properties could also be a lucrative venture given the growing population and consequent demand for rental accommodations.
In terms of development potential, investors might look into emerging neighborhoods or areas slated for infrastructure improvements to capitalize on future price appreciations. Given the ongoing population growth and stable economic conditions, new residential or mixed-use developments could meet the increasing need for housing and commercial space.
Future Market Outlook
The future outlook for Barnesville’s real estate market appears optimistic. The ongoing population increase is likely to continue bolstering housing demand. If the current trends persist, we can anticipate further moderate price increases for both houses and apartments.
Economic factors such as employment rates and local business growth will play significant roles in shaping the market’s trajectory. Additionally, any government policies related to housing affordability or incentives for first-time homebuyers could also influence market dynamics.
To summarize, Barnesville’s real estate market seems poised for continued growth with promising opportunities for investors focused on residential properties. However, as with any investment decision, it is crucial to keep abreast of regional economic developments and real estate regulations that may impact market conditions.