Capbateau, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 3.0% |
| Stock on market | 0.9% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $415,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,000 |
| Population Change | 5.1% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Capbateau, New Brunswick is currently experiencing a steady growth in terms of housing prices. The median house price stands at $485,000, with a year-over-year trend showing an increase of 3%. This indicates a healthy demand for housing in the area, pointing to a stable market that has been resilient despite broader economic fluctuations.
In contrast, the apartment sector is witnessing a slightly more modest growth. The median apartment price is marked at $295,000, with an annual appreciation rate of 1.5%. This difference in growth rate compared to houses may reflect a differing demand dynamic or possibly more significant increases in supply within the apartment market.
Accompanying these real estate trends is a robust population growth of 5.14%, which suggests that Capbateau is attracting residents at a notable rate. This influx of population can be attributed to various factors such as employment opportunities, lifestyle offerings, and overall livability of the area.
Investment Opportunities and Potential
Given the steady growth in property values and the increasing population, Capbateau presents promising investment opportunities. The consistent rise in median house prices reflects ongoing demand and suggests that investments in residential properties could yield solid returns over time. Moreover, the strong population growth signals potential for rental investments as well due to an expanding pool of residents seeking housing.
For investors looking towards apartments, the slower growth rate should be considered cautiously. However, given the lower entry price point compared to houses, apartments could offer more accessible investment opportunities with potential for long-term appreciation and rental income stability due to the sustained influx of new residents.
Future Market Outlook
The future outlook for Capbateau’s real estate market remains optimistic. The continued population growth will likely maintain demand for housing across both sectors—houses and apartments. Assuming that economic conditions remain favorable and no significant increase in housing supply outpaces demand, one can expect both sectors to continue their upward trajectory albeit at potentially different rates.
This positive outlook rests on the assumption that current trends persist—moderate but steady price increases and ongoing population influx. Investors and homebuyers alike should monitor local economic developments, interest rate changes, and any shifts in migration patterns that could affect the market dynamics.
In conclusion, Capbateau’s real estate market shows resilience and promises potential for those considering entering or expanding their portfolio within this locale.
