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Cambridgenarrows, 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





Cambridge-Narrows Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Cambridge-Narrows, New Brunswick, is currently experiencing a steady growth. The median house price is at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price stands at $300,000, showing a more modest growth rate of 2.1% year-over-year. The population of Cambridge-Narrows has grown to approximately 15,000 residents, with an impressive growth rate of 7.1%, which may be contributing to the increased housing demand.

Investment Opportunities and Potential

The current trends in Cambridge-Narrows suggest that the real estate market holds promising investment opportunities. The steady appreciation in property values is a positive sign for potential investors looking for long-term capital gains. With single-family homes leading the growth trend, investors may find these properties particularly attractive for both resale and rental purposes. Moreover, the significant population growth implies a rising demand for housing which could benefit landlords and developers catering to this segment.

Future Market Outlook

Looking ahead, the future market outlook for Cambridge-Narrows appears optimistic. Given the solid population increase and consistent property value appreciation, it is likely that the real estate market will continue to expand. If the current trends persist, investors can expect sustained growth in property values over the coming years. However, it’s important to monitor local economic factors and any changes in demographic trends that could influence the market dynamics. Overall, Cambridge-Narrows presents as a robust market with favorable conditions for both residential living and real estate investment.