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 (2024) | 15,000 |
| Previous Population (2019) | 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 moderate growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. Similarly, the median apartment price stands at $300,000 with a more modest growth trend of 2.1% over the same period. These statistics indicate a stable market with sustained demand for housing.
The population of Campbellton has grown by 7.1% to 15,000 residents. This influx likely contributes to the steady appreciation of property values as demand continues to rise in response to the growing community. The city’s real estate market is benefitting from this demographic expansion, reflected in the consistent upward trend in housing prices.
Investment Opportunities and Potential
Campbellton’s real estate market offers promising opportunities for both residential and rental property investments. Given the market’s steady growth in house and apartment prices, investors can expect continued appreciation in property values over time. The healthy population growth suggests that there will be an ongoing need for housing, which could translate into strong rental demand and potentially higher yields for investors focusing on income-generating properties.
Investors looking for long-term capital gains might consider investing in single-family homes due to their higher year-over-year price increase compared to apartments. On the other hand, apartments might be more attractive for those interested in entering the market at a lower price point while still taking advantage of the overall positive trend.
Future Market Outlook
The future outlook for Campbellton’s real estate market remains optimistic. The continued population growth is expected to drive housing demand further. If the local economy keeps pace with this demographic trend and provides employment opportunities, it will support the sustained health of the real estate market.
However, potential investors should also monitor external economic factors such as interest rates and national housing policies that could impact buyer affordability and influence market dynamics. Careful consideration of these elements will be crucial for making informed investment decisions in Campbellton’s evolving real estate landscape.
