Beersville, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $490,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $420,000 |
3 bedrooms | $490,000 |
4 bedrooms | $580,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $430,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 14,400 |
Population Change | 5.6% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,600 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Beersville, New Brunswick
The real estate market in Beersville, New Brunswick, has been demonstrating steady growth over the past year. With the median house price currently standing at $490,000, the market has seen a healthy increase of 3.2% year-over-year. This indicates a stable and appreciating real estate environment, reflecting confidence among homebuyers and investors alike.
Apartments in Beersville have also seen an incremental rise in value, with the median apartment price reaching $295,000 and following an upward trend of 2.5% year-over-year. This slower growth rate compared to houses suggests a more moderate demand for apartments or possibly a higher inventory relative to demand in this sector.
The population of Beersville is on an upward trajectory as well, having grown by 5.6% to reach 15,200 residents. This population increase can be attributed to Beersville’s growing economy, quality of life, and its appeal to both young professionals and families seeking residential stability in a dynamic community.
Investment Opportunities and Potential in Beersville
Given the consistent growth in property values and the increasing population, Beersville presents promising investment opportunities. The steady rise in housing prices suggests that purchasing residential properties could yield solid returns over time through both rental income and capital gains. Moreover, with a population growth rate of 5.6%, there is likely to be continued demand for housing which could further drive property values upwards.
Investors looking for long-term appreciation might consider investing in single-family homes due to their higher price appreciation rate (3.2%) compared to apartments (2.5%). However, apartments may offer more attractive opportunities for those interested in generating rental income given potentially lower entry costs and maintenance requirements.
Future Market Outlook for Beersville Real Estate
The future real estate market outlook for Beersville remains positive based on current trends and demographic data. Continued population growth is expected to support ongoing demand for housing within the town. If current trends persist or improve, both the residential housing and apartment sectors should continue to see value appreciation.
Local economic development initiatives and infrastructure investments could further enhance property values by attracting new businesses and residents to the area. Careful monitoring of economic conditions, interest rates, and local developments will be essential for assessing the longevity of the current market conditions.
In conclusion, Beersville’s real estate market appears poised for continued positive performance with potential opportunities for savvy investors focused on long-term growth strategies.