Baspaquetville, 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 Baspaquetville, New Brunswick, is currently experiencing a period of moderate growth. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the market is showing healthy appreciation rates that are attractive to homeowners and investors alike. Meanwhile, the median apartment price stands at $300,000 with a slower appreciation trend at 2.1% year-over-year. These statistics indicate a stable investment environment with consistent growth for both types of properties.
The population growth of 7.1% also suggests that Baspaquetville is an area on the rise, potentially leading to increased demand for housing. This demographic trend can be seen as a driver of the steady price increases in the housing market, suggesting that there is both growing interest and confidence in the region’s real estate potential.
Investment Opportunities and Potential
Baspaquetville’s real estate market offers several opportunities for investors looking to capitalize on the town’s growth trajectory. The sustained increase in property values indicates room for long-term capital appreciation. For those considering rental properties as an investment strategy, the population growth signals a potential for a strong and growing rental market.
Given the more moderate increase in apartment prices compared to houses, there may be untapped potential in this segment of the market. Investors could explore purchasing apartments or developing multi-family units to cater to individuals or small families looking for more affordable housing options.
The data suggests that Baspaquetville is ripe for development projects that align with its demographic trends. Smart investments in residential property could yield significant returns as the local market continues to expand alongside its population.
Future Market Outlook
The future outlook for Baspaquetville’s real estate market appears promising, bolstered by solid fundamentals such as steady population growth and consistent property value appreciation. Should these trends continue, investors and homeowners can expect ongoing increases in equity over time.
However, it’s important to remain vigilant about external economic factors that could affect local real estate conditions, such as interest rate changes or broader economic shifts. For now, Baspaquetville presents itself as an attractive destination for those seeking stability combined with growth potential in their real estate investments.
In conclusion, while no market is without risk, Baspaquetville’s current performance and indicators point towards a positive trajectory for the foreseeable future. Stakeholders should maintain an informed position by monitoring local and national economic developments closely to maximize their investment decisions.
