Cappele, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 4.2% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,700 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Cappele, New Brunswick, is currently experiencing steady growth. The median house price in the area stands at $485,000, reflecting a year-over-year increase of 4.2%. This indicates a healthy demand for single-family homes and suggests that the market is reasonably dynamic. On the other hand, apartments have seen a more modest appreciation in value, with the median price sitting at $295,000 and growing at a slower pace of 1.5% year-over-year.
These trends are taking place against the backdrop of a growing population, which has risen by 3.4% to reach 15,200 residents. This population growth can be attributed to factors such as regional economic development, migration from larger urban centers, or local initiatives attracting new residents.
Investment Opportunities and Potential
For investors considering Cappele’s real estate market, the sustained growth in house prices paired with healthy population increase may signal strong investment potential. Single-family homes have shown robust appreciation and could be a promising avenue for those looking to invest in residential property for long-term capital gains.
While apartments have demonstrated slower price growth comparatively, the lower entry price point of $295,000 may provide an accessible opportunity for first-time investors or those seeking rental properties. Given Cappele’s population growth rate, demand for rental units could rise as newcomers seek housing options before potentially purchasing property.
Focused development projects or investment in emerging neighborhoods could also present opportunities if aligned with municipal planning and growth strategies.
Future Market Outlook
Looking forward to the future of Cappele’s real estate market, several factors suggest continued growth and stability. The current trajectory of home prices combined with consistent population increases provides an optimistic outlook for both home values and demand.
Assuming that economic conditions remain favorable and no major disruptions occur locally or globally, investors can expect a continuation of gradual appreciation in property values. However, it is important to monitor local developments closely, such as changes in employment rates or infrastructure projects that could significantly influence market dynamics.
In summary, Cappele’s real estate market appears resilient with potential for further growth. Investors should conduct thorough due diligence and consider long-term trends when making decisions in this market.
