Bedec, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
1. Current Market Conditions and Trends
The real estate market in Bedec, New Brunswick, is currently characterized by steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This increase is indicative of a healthy demand for single-family homes in the area. Meanwhile, the median apartment price has reached $300,000, with a more modest year-over-year growth of 2.1%. These figures suggest that while the market for apartments is growing, it is doing so at a slower pace than that for houses.
The population of Bedec has seen significant growth at a rate of 7.1%, which is likely contributing to the rising demand for housing across both segments. This demographic shift suggests an influx of new residents seeking accommodation, thereby supporting the real estate market’s overall momentum.
2. Investment Opportunities and Potential
Investment opportunities in Bedec are promising due to the continued population growth and economic stability. The steady increase in home prices indicates a market that sustains value appreciation over time. Investors looking for long-term capital gains might consider single-family homes as a priority given their higher growth rate compared to apartments.
The rental market also presents potential due to the increasing population, which could lead to higher demand for rental units. Investors may find opportunities in purchasing apartments or houses to rent out to this expanding populace. As new residents may initially seek rental accommodations before purchasing property, rental investments could yield favorable returns.
3. Future Market Outlook
The future outlook for Bedec’s real estate market appears positive. The consistent population growth coupled with stable price increases suggests an enduring demand for housing. Assuming current trends persist, the market could maintain its upward trajectory in both property value and investment potential.
However, investors and stakeholders should monitor external economic factors such as interest rates and employment levels that could influence buyer affordability and market dynamics. Staying informed about local developments, including infrastructure projects and zoning changes, will also be crucial in identifying emerging areas of opportunity within Bedec’s diverse real estate landscape.
