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 (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 in Bedec, New Brunswick
As of the current year, Bedec, New Brunswick presents a stable and moderately growing real estate market. The median house price in the region is currently valued at $500,000, with a healthy year-over-year increase of 3.5%. This growth is indicative of steady demand and a robust housing sector. The median apartment price stands at $300,000, which has witnessed a slightly lower year-over-year growth of 2.1%. This suggests that while apartments are appreciating in value, the market for single-family homes is more dynamic.
The population of Bedec has reached 15,000 residents, with an impressive growth rate of 7.1%. This burgeoning population can be attributed to various factors such as economic opportunities, quality of life, and regional developments attracting new residents. The demographic trend implies an increasing need for housing and could signify sustained demand in the real estate market.
Investment Opportunities and Potential in Bedec
Given the current market conditions, investment opportunities in Bedec appear promising, particularly in residential properties. Investors should take note of the consistent rise in median house prices which outpaces that of apartments. This could point towards a higher potential return on investment for single-family homes over multi-family units or apartments.
The strong population growth further underscores the potential for rental properties to meet the housing needs of new residents. With more people moving to the area, there will likely be heightened demand for rental accommodations, possibly driving up rental yields for investors.
Moreover, prospective buyers might find long-term value in purchasing properties now as market trends suggest continued appreciation. However, it is important to monitor local developments and infrastructure projects that could impact property values in specific neighborhoods.
Future Market Outlook for Bedec Real Estate
The future outlook for Bedec’s real estate market looks optimistic given current trends and statistics. Assuming that the factors contributing to the area’s growth remain constant or improve—such as economic stability and quality-of-life enhancements—the market is likely to sustain its upward trajectory.
A compound annual growth rate consistent with current figures would result in steady appreciation of property values, making real estate a potentially lucrative asset class in this region over time. Nevertheless, investors should remain vigilant about macroeconomic factors and local policy changes that may influence property prices.
In conclusion, both data and trends indicate that Bedec’s real estate market is on a positive path with ample opportunities for investment. Continued population growth paired with rising house prices suggests a vibrant community with promising prospects for those looking to enter the market or expand their portfolio.