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
In Boiestown, New Brunswick, the real estate market is currently experiencing a period of modest but steady growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy market with a demand for housing that is pushing up prices at a sustainable rate. Conversely, the median apartment price is currently $300,000, showing a slightly lower year-over-year growth trend of 2.1%. This difference in growth may reflect a stronger preference among buyers for single-family homes over apartments or could be indicative of an oversupply in the apartment sector.
Investment Opportunities and Potential
The continued growth in median prices for houses and apartments suggests that Boiestown is an attractive market for real estate investment. The consistent upward trend points to a stable investment environment where assets are likely to appreciate over time. With the population growing at 7.1%, there is potential for increased rental demand, particularly as new residents look for housing solutions upon their arrival in the area. Investors might consider targeting this demographic by investing in properties that could serve as rentals or by developing new residential projects to meet the anticipated demand.
Future Market Outlook
The future outlook for Boiestown’s real estate market appears positive. With a robust population growth rate of 7.1%, the community is expanding faster than many other regions, which could lead to increased housing demand and potential upward pressure on property prices. If current trends continue, investors can expect both house and apartment prices to maintain their upward trajectories, albeit potentially at different rates given their current performance. It will be important for investors to monitor factors such as local economic developments, interest rates, and broader national real estate trends as these will also play critical roles in shaping the future market landscape in Boiestown.
