Belledune, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $495,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $385,000 |
| 3 bedrooms | $495,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $345,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Belledune, New Brunswick, is currently experiencing moderate growth. The median house price stands at $495,000, which reflects a year-over-year increase of 3.4%. This increment denotes a stable market with consistent demand for detached homes. Similarly, the median apartment price is $295,000, showing a more modest growth trend of 2% year-over-year. This difference in growth rates between houses and apartments suggests that single-family homes are possibly in higher demand compared to multi-family dwellings or that there may be different market dynamics influencing these segments.
Investment Opportunities and Potential
In terms of investment opportunities, Belledune’s real estate market offers potential for both short-term gains and long-term appreciation. With a population growth rate of 3.4%, which aligns with the increase in housing prices, there is evidence of healthy economic activity and demographic trends that could support continued real estate demand. Investors may find opportunities particularly in the single-family home segment, given its stronger growth rate. Additionally, with the median apartment price being significantly lower than that of houses, there could be an untapped potential for investors looking to cater to a segment of the population seeking more affordable housing options.
Future Market Outlook
The future outlook for Belledune’s real estate market appears cautiously optimistic. Considering the alignment between population growth and housing price trends, the current trajectory suggests that the demand for housing will continue to support market stability. However, it is crucial for investors to consider external economic factors such as employment rates, interest rates, and regional economic development initiatives which can influence the market dynamics. If these indicators remain positive and supportive of growth, Belledune’s real estate market could experience sustained or potentially increased levels of activity in the coming years.
