Beersville, 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
Current Market Conditions and Trends
The real estate market in Beersville, New Brunswick is currently characterized by steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is experiencing healthy growth that aligns with broader provincial trends. Similarly, the median apartment price stands at $300,000, with a slightly lower growth trend of 2.1% year-over-year. This indicates a sustained demand for housing in the area.
The population of Beersville has reached 15,000 residents and is growing at a robust rate of 7.1%. This demographic expansion suggests that demand for real estate will continue to rise, potentially leading to tighter housing inventories and upward pressure on prices if supply does not keep pace with demand.
Investment Opportunities and Potential
Investors looking at the Beersville market will find opportunities in both residential housing and apartment sectors. The consistent growth in property values provides potential for capital gains over time. Moreover, the burgeoning population may lead to increased rental demand, which could benefit landlords and developers interested in multi-unit residential buildings.
With house prices appreciating at a moderate pace, there may be an opportunity for investors to enter the market before further acceleration in prices occurs. It’s recommended for potential investors to consider areas within Beersville that are likely to benefit from infrastructural improvements or increased commercial activities, which can further bolster property values.
Future Market Outlook
The future outlook for Beersville’s real estate market remains positive. The consistent population growth serves as a strong indicator that demand for housing will persist. If current trends continue, the real estate market can expect ongoing price increases, although they may remain within sustainable levels to avoid pricing out potential homebuyers.
It is important for stakeholders to monitor factors such as interest rates, employment rates, and economic policies, as these can influence buyer affordability and investment returns. Maintaining a balanced approach between residential development and preserving community character will be key in ensuring long-term desirability of the Beersville real estate market.
