Carlingford, 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 in Carlingford, New Brunswick
In the quaint town of Carlingford, New Brunswick, recent market conditions have shown a steady increase in property values. With a median house price now sitting at $500,000, the year-over-year growth rate has been calculated at 3.5%. This consistent rise reflects a healthy demand for housing in the area.
The market for apartments is also showing positive trends, albeit at a slower pace than houses. The median apartment price is currently $300,000, with an annual growth rate of 2.1%. While these figures are more modest compared to houses, they indicate a stable apartment market that continues to attract buyers and investors.
Complementing these real estate trends is Carlingford’s population growth. Now standing at 15,000 residents, the town has experienced a significant population increase of 7.1%. This demographic expansion contributes to the sustained demand for housing and supports the overall health of the real estate market.
Investment Opportunities and Potential in Carlingford
The current trajectory of Carlingford’s real estate market presents numerous investment opportunities. Given the steady appreciation in property values, investors can look towards long-term capital gains in both residential houses and apartments. The lower entry price for apartments makes them particularly appealing for first-time investors or those seeking to diversify their portfolio with smaller investments.
In addition to buying individual properties, potential exists for developing multi-unit residential complexes or investing in real estate investment trusts (REITs) that focus on this region. As the population continues to grow, so does the need for additional housing options, enhancing the potential returns on such investments.
Future Market Outlook for Carlingford Real Estate
Looking ahead, the future market outlook for Carlingford is optimistic. The steady population increase suggests that demand for housing will remain robust. If current economic conditions persist and interest rates remain favorable, it is likely that both house and apartment prices will continue their upward trend.
The town’s infrastructure and community facilities may see improvements and expansions as well to accommodate the growing population. This development can further enhance property values and attract new residents looking for quality living outside of larger urban centers.
Investors considering entry into the Carlingford market should monitor local economic indicators, development plans, and interest rate changes to make informed decisions. Nonetheless, given current data and trends, Carlingford stands out as a promising locale for both residential real estate investment and homeownership.
