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 currently exhibits a steady growth pattern. With a median house price of CA$500,000 and an annual appreciation of 3.5%, the housing sector remains robust. Similarly, the apartment market is showing positive momentum with a median price of CA$300,000 and a year-over-year increase of 2.1%. This suggests a stable investment climate that has been attracting home buyers and investors alike.
The population of Bayswater has experienced significant growth at a rate of 7.1%, indicating a thriving community that could be contributing to the increased demand for housing. Such demographic shifts are key drivers of real estate market dynamics, potentially leading to tightened inventory levels and upward pressure on property prices over time.
Investment Opportunities and Potential
In light of the current market trends, Bayswater offers promising investment opportunities. The steady increase in property values indicates a healthy appreciation rate that can benefit long-term investors looking for capital gains. Furthermore, the ongoing population growth suggests a rising demand for rental properties, which could yield attractive returns for those investing in apartment buildings or converting homes into rental units.
Investors may also consider exploring new developments or areas earmarked for future infrastructure projects within Bayswater as these typically experience higher-than-average price escalations. Additionally, given the relative affordability of apartments compared to houses, first-time investors might find this segment more accessible while still benefiting from the area’s positive market trajectory.
Future Market Outlook
The future outlook for Bayswater’s real estate market appears optimistic. Assuming the continuation of current economic conditions and demographic trends, it is reasonable to anticipate further growth in property values and sustained investor interest. The region’s robust population expansion acts as a strong indicator of future housing demand, which should support both resale markets and new construction activity.
It is important to monitor external factors such as interest rates, employment levels, and broader economic indicators that can impact buyer affordability and influence market conditions. However, barring any unforeseen economic downturns or policy changes that adversely affect real estate markets, Bayswater is poised to remain an attractive location for both homeownership and investment purposes.
