Bouctouche, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Bouctouche, New Brunswick, the real estate market is currently exhibiting steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This suggests a healthy demand for housing in the region, with prices growing at a moderate pace. Similarly, apartments are seeing a more modest but consistent upward trend with a median price of $300,000 and a 2.1% rise over the past year. The positive trends in both segments of the market are indicative of underlying stability and confidence among buyers and investors.
Investment Opportunities and Potential
The investment landscape in Bouctouche is attractive due to several factors. First, the population of the area has grown by 7.1%, which is significantly higher than the national average. This population growth can translate into increased demand for housing, both rental and ownership, thereby presenting opportunities for investors looking for long-term appreciation and rental income. Secondly, given the slow yet consistent rise in property values, investments made now could yield considerable returns as the market continues to ascend. Investors should consider both residential properties for long-term equity gains and rental properties to capitalize on the growing population’s housing needs.
Future Market Outlook
Looking ahead, the future market outlook for Bouctouche remains optimistic. The sustained population growth serves as a strong indicator that demand for housing will continue to rise, potentially pushing property values higher. While current trends show moderate price increases across housing types, an influx of new residents could accelerate this growth if supply does not keep pace with demand. Investors and homebuyers should pay close attention to local development plans and any changes in migration patterns to make informed decisions. Caution should be exercised due to external economic factors that could affect the national real estate market; however, Bouctouche’s current trajectory indicates a promising future for its local market.
