Campbellton, 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 Campbellton, New Brunswick, is currently experiencing a steady growth. The median house price in the area stands at $500,000, with an upward trend of 3.5% year-over-year. This indicates a healthy demand for residential properties, likely driven by both local factors and broader provincial market conditions.
Similarly, the apartment sector is also witnessing growth, albeit at a slightly slower pace. The median apartment price is currently $300,000, with an annual increase of 2.1%. This shows a consistent yet modest appreciation in value for smaller residential units, which may appeal to different segments of the market such as first-time homebuyers or investors looking for rental properties.
The population of Campbellton has reached approximately 15,000 residents, with a notable growth rate of 7.1%. This demographic expansion suggests an underlying vitality in the local economy and could be contributing to the increased housing demand.
Investment Opportunities and Potential
Given the positive trends in housing prices and population growth, Campbellton presents various investment opportunities. Investors might consider capitalizing on the rising demand for single-family homes, given the more significant appreciation rate observed in this sector. With median house prices at half a million dollars and growing steadily, investing in residential property could yield substantial long-term returns.
The growth in apartment values also suggests potential for those interested in acquiring properties for rental purposes. As population increases, so does the need for affordable and versatile living spaces, making apartments a compelling option for renters.
In addition to residential real estate, commercial investors should monitor Campbellton’s market closely to identify any correlating increases in commercial property demand that often accompany residential and population growth.
Future Market Outlook
The future outlook for Campbellton’s real estate market appears optimistic. Assuming current trends continue, both house and apartment prices are expected to maintain their upward trajectories. However, it is crucial to remain vigilant about regional economic drivers that could influence these trends.
A growing population usually leads to increased demand for housing and services; hence there may be expanded opportunities in both residential and commercial sectors going forward. Nonetheless, potential investors should conduct thorough market analyses considering global economic factors that may affect interest rates and borrowing costs.
Overall, if current market conditions hold steady or improve further—supported by strong economic fundamentals—the outlook for Campbellton’s real estate market remains positive with sound investment potential over the coming years.