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 steady growth. With a median house price of $500,000, the market has seen an increase of 3.5% year-over-year. This suggests a stable demand for single-family homes in the area, reflecting both local confidence in the market and potential interest from outside investors. Meanwhile, the median apartment price stands at $300,000, with a slower growth rate of 2.1% year-over-year, indicating that while there is appreciation in this sector, it’s at a more modest pace compared to houses.
The population of Burton has grown by 7.1%, indicating an influx of residents which may be contributing to the demand for housing. This growth can be a key driver for sustained demand in real estate, as new residents seek both rental accommodations and properties to purchase.
Investment Opportunities and Potential
Considering the above-average population growth and consistent increase in property values, Burton presents several attractive investment opportunities. The steady rise in median house prices points towards a healthy market where investments could continue to appreciate. Investors might focus on single-family homes which are currently showing stronger growth compared to apartments.
For those looking at rental properties or developments, the growing population suggests that there may be an underserved segment of the market. Investment in apartment complexes or multi-family units could fulfill this need and offer long-term returns through rental income.
Furthermore, as Burton grows, there could also be opportunities in commercial real estate development to support the expanding community with retail spaces, offices, and services.
Future Market Outlook
The future real estate market outlook for Burton appears positive. If current trends continue alongside population growth, we can anticipate ongoing demand for housing which should support further property value appreciation. However, investors should closely monitor economic indicators such as employment rates and infrastructure developments which could impact future growth.
The consistent performance of the housing sector combined with favorable demographic trends sets a solid foundation for future investments. Prudent investors will keep an eye on local government policies and initiatives aimed at stimulating economic growth or further boosting housing demands such as tax incentives or housing programs.
In summary, while external economic factors can always introduce variability into market forecasts, Burton’s present trajectory indicates a robust market with potential for continued expansion.
