Beresford, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $410,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,900 |
| Population Change | 2.0% |
| 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 Beresford, New Brunswick, currently presents a stable growth environment. The median house price in the area is $485,000, which reflects a steady year-over-year increase of 4%. This growth suggests a healthy demand for housing and a robust local economy. Meanwhile, the median apartment price is set at $295,000, with a more modest appreciation rate of 2.5% year-over-year.
This growth pattern indicates that while both segments of the market are expanding, single-family homes are experiencing higher demand compared to apartments. With a population of 15,200 and an annual growth rate of approximately 2%, Beresford’s community is expanding at a sustainable pace, further supporting the real estate market.
Investment Opportunities and Potential
The continuous growth in property values indicates that Beresford offers promising investment opportunities in both residential houses and apartments. Prospective investors should note that single-family homes provide a higher capital appreciation potential due to their stronger growth trend. However, apartments might appeal to those looking for more affordable entry points into the real estate market or seeking to tap into the rental market driven by the steady population increase.
The local economic indicators suggest that investments in Beresford could benefit from long-term stability and consistent growth. Investors should consider factors such as local employment rates, infrastructure development projects, and demographic trends when assessing potential investments in this market.
Future Market Outlook
The future outlook for Beresford’s real estate market appears optimistic. Given the current growth rates in property values and population expansion, it is reasonable to anticipate continued demand for housing. Provided there are no significant economic disruptions, both segments of the market—houses and apartments—are poised for ongoing appreciation.
Investors and homebuyers may find Beresford increasingly attractive due to anticipated developments in infrastructure and community amenities that accompany population growth. Careful monitoring of interest rate trends and housing supply will be crucial for stakeholders to maximize their investment decisions and strategies moving forward.
