Capbateau, 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 Capbateau, New Brunswick currently presents a stable and growing environment. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market shows healthy growth that aligns with broader national trends. The median apartment price stands at $300,000, with a slightly lower growth rate of 2.1% year-over-year. This differential suggests that single-family homes may be in higher demand, potentially due to lifestyle preferences or demographic factors within the region.
The area’s population has experienced significant growth at a rate of 7.1%, which is substantial relative to many other Canadian locales. This influx of residents can be attributed to several factors including economic opportunities, quality of life, and Capbateau’s natural attractions. The increasing population is likely contributing to the steady demand for housing, exerting upward pressure on property values.
Investment Opportunities and Potential
Given the steady growth in property values and a robust population increase, Capbateau offers promising investment opportunities. Investors should consider the strong performance of single-family homes, which have exhibited a higher appreciation rate than apartments. This trend could suggest an opportunity for investors to focus on purchasing or developing houses to meet this demand.
The local market’s stability is further underscored by the slow but consistent increase in apartment values. This provides an opening for investors looking for long-term investments with lower entry costs compared to houses. Additionally, with the population growth outpacing many other regions, there’s potential for new developments or renovation projects to cater to newcomers seeking modern living spaces.
Future Market Outlook
The future market outlook for Capbateau appears positive. The continued population growth is expected to sustain demand for housing across all sectors. Assuming consistent economic conditions and no major policy changes affecting the housing market, both house and apartment prices are likely to continue their upward trajectory, although possibly at different rates.
In light of these trends, it is reasonable to anticipate that investors who enter the market now could see substantial returns over time, especially if they focus on areas of highest demand such as family-friendly neighborhoods for houses or central locations for apartments catering to young professionals or smaller households.
In conclusion, Capbateau’s real estate market is characterized by steady growth and favorable demographics that support both current stability and future potential for investors. As always, investors should perform thorough due diligence and consider local market nuances when making investment decisions.
