Boiestown, 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
The real estate market in Boiestown, New Brunswick is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing consistent appreciation in property values. Similarly, the median apartment price is at $300,000, reflecting a more modest growth trend of 2.1% over the past year. The population of Boiestown has reached 15,000 residents, which has grown by an impressive 7.1%. This population growth suggests a rising demand for housing in the area.
Investment Opportunities and Potential
The investment potential in Boiestown’s real estate market is significant due to its growing population and consistent property value appreciation. Investors looking for long-term capital gains may find single-family homes to be particularly attractive given their higher growth rate. Additionally, the apartment sector might appeal to those interested in rental income streams, as an increasing population could lead to higher rental demand. Both sectors benefit from the overall stability and upward trend of the local real estate market.
Future Market Outlook
The future outlook for Boiestown’s real estate market appears promising. Based on current trends and statistical data, there are no immediate signs of a downturn. Continued population growth at a rate of 7.1% will likely sustain demand for both purchasing and renting properties. If these trends persist, investors can expect ongoing appreciation in property values and potentially increased rental yields. However, it remains crucial for investors to monitor economic factors that could affect market conditions, such as employment rates and interest rates.