Burton, 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 Burton, New Brunswick, is currently experiencing a period of moderate growth. The median house price in the area stands at $500,000, with an upward trend of 3.5% year-over-year. This suggests a stable and growing demand for housing in the region. Similarly, the median apartment price has also seen an increase, albeit at a slower rate of 2.1% year-over-year, indicating a consistent but more tempered interest in multi-family dwellings. The current market conditions are underpinned by a significant population growth of 7.1%, which is likely contributing to the sustained demand for residential properties.
Investment Opportunities and Potential
The steady growth in property values, coupled with the healthy population increase, presents attractive investment opportunities in the Burton real estate market. The consistent rise in house prices may signal a robust potential for capital gains for investors looking to purchase residential properties. Given that the apartment prices are growing at a slower pace, there could be an opportunity for investors to enter the market at a relatively lower entry point while still capitalizing on the overall upward trend. Additionally, the population growth may drive up rental demand, potentially leading to increased rental yields for investors focusing on income-generating properties.
Future Market Outlook
Looking ahead, Burton’s real estate market appears poised for continued growth. The solid population increase suggests that there will be ongoing demand for housing, which should support property values over time. If current trends persist, both house and apartment prices are expected to maintain their upward trajectory, albeit at different rates. Moreover, as the local economy adapts to accommodate the rising population, it may spur further development and infrastructure improvements that could enhance property values even more. Investors and homebuyers alike should monitor key economic indicators such as employment rates and development plans that could influence the future performance of Burton’s real estate market.