Bayswater, 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 Bayswater, New Brunswick is currently experiencing stable growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy, sustained growth. Similarly, the median apartment price stands at $300,000, with a year-over-year increase of 2.1%. These trends suggest a balanced market that is growing in line with or slightly above inflation rates.
The population of Bayswater has recently reached 15,000 residents, reflecting a substantial growth of 7.1%. This demographic trend is likely contributing to the steady demand for housing in the area. The increase in population may also be indicative of a growing local economy or an influx of new residents attracted by employment opportunities or lifestyle factors that Bayswater offers.
Investment Opportunities and Potential
For potential investors, Bayswater’s real estate market presents several attractive opportunities. The consistent rise in property values indicates a strong and resilient market that could offer steady capital gains over time. Single-family homes, with their higher year-over-year price increase, appear particularly promising for those looking to invest in residential properties for long-term appreciation.
The rental market should also be considered by investors due to the population growth. Demand for rental properties is likely to increase as new residents look for housing solutions. Investment in apartment buildings or multi-family units could capitalize on this demand and offer ongoing rental income streams.
Future Market Outlook
Looking ahead, the future of Bayswater’s real estate market appears positive. The combination of steady price growth in both houses and apartments and significant population increases suggests that demand for housing will continue to rise. If the local economy expands alongside the population, this could further bolster the real estate market’s strength.
In light of these statistics, careful monitoring of economic drivers such as employment rates, infrastructure development, and migration patterns will be crucial for accurate forecasting. However, barring unforeseen economic shifts or policy changes that could affect the housing market dynamics, Bayswater seems poised for continued growth in both its residential real estate values and its overall appeal as an investment location.
