Brockway, 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 Brockway, New Brunswick, the real estate market is currently experiencing a steady growth in property values. With a median house price of $500,000, the market has seen a 3.5% year-over-year increase, indicating a healthy demand for single-family homes. Similarly, the median apartment price stands at $300,000, with a somewhat slower yet positive growth trend at 2.1% year-over-year. These trends suggest that the market is appreciating at a moderate pace.
The population of Brockway has grown to 15,000 residents, with a significant increase of 7.1%. This demographic shift is contributing to the demand for housing and suggests that the current uptrend in property values could continue as more people move to the area seeking employment opportunities, amenities, and community lifestyle.
Investment Opportunities and Potential
Given the steady appreciation rates in both housing and apartment sectors, Brockway presents attractive investment opportunities for potential investors. The consistent growth in property values indicates a stable market where investments are likely to yield favorable returns over time. Investors looking to capitalize on rental income may find the apartment sector particularly appealing due to the influx of new residents who may prefer renting over purchasing initially.
The local economy’s health and infrastructural developments can also drive investment potential in Brockway. Investors should stay informed on local economic policies, zoning laws, and future development plans as these factors can significantly impact real estate values and rental demand.
Future Market Outlook
The future outlook for Brockway’s real estate market appears positive based on current trends and demographic data. The population growth rate of 7.1% indicates an expanding community which will likely sustain demand for housing in the coming years. Assuming the local economy continues to provide employment opportunities and attract residents, both the housing and apartment markets should maintain their upward trajectories.
However, investors should remain cautious of external macroeconomic factors such as interest rates changes or broader economic shifts that could affect affordability and borrowing costs. It’s advisable for stakeholders to monitor these trends closely when forecasting long-term investments in this region.
In summary, Brockway’s real estate market offers promising opportunities backed by solid growth figures and demographic expansion. With strategic planning and awareness of broader economic indicators, investors can potentially benefit from engaging with this vibrant market.
