Bascaraquet, 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 Bascaraquet, New Brunswick is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing sector remains robust. The median apartment price is somewhat lower, at $300,000, with a slower appreciation rate of 2.1% year-over-year. This indicates a more moderate but consistent growth in the apartment market segment.
The population of Bascaraquet stands at 15,000, with a notable growth rate of 7.1%. This demographic expansion is a contributing factor to the demand for housing in the area, which can be expected to sustain the current upward trends in property values.
Investment Opportunities and Potential
Given the positive indicators in the Bascaraquet real estate market, there are several investment opportunities to consider. The steady increase in house prices suggests that purchasing residential property could yield significant returns over time. Investors should note that houses are appreciating at a faster pace than apartments, indicating potentially higher gains for single-family homes or townhouses.
Apartments also present a valuable investment opportunity, especially for those looking to enter the market at a lower price point with $300,000 median value. Additionally, as population growth continues to fuel demand for rental properties, investors might explore prospects within the rental market as well.
Future Market Outlook
The future outlook for Bascaraquet’s real estate market remains optimistic. Population growth is a strong indicator of continued demand for housing. Assuming no significant economic disruptions occur, both housing and apartment sectors should maintain their upward trajectories.
However, investors should remain vigilant about local economic developments and potential policy changes that could impact the market dynamics. Monitoring interest rates and employment trends will also be crucial for making informed investment decisions as these factors greatly influence homebuyer activity and affordability.
