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 | $450,000 |
| 3 bedrooms | $500,000 |
| 4 bedrooms | $600,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2024) | 15,000 |
| Previous Population (2019) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.5 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Carlingford, New Brunswick, is currently experiencing a period of moderate growth. The median house price stands at $500,000, which represents a year-over-year increase of 3.5%. This growth indicates a steady demand for housing in the area, coupled with a sustainable appreciation in property values. Conversely, the median apartment price is currently $300,000, with a slightly lower year-over-year increase of 2.1%. This differential in growth rate suggests that houses are in higher demand than apartments, possibly due to demographic preferences or a desire for more space among homebuyers.
Investment Opportunities and Potential
Investment opportunities within Carlingford’s real estate market are promising given the observed steady growth rates. The increasing house prices imply that investments in residential properties could yield favorable returns over time. Furthermore, with a population growth rate of 3.4%, there is potential for increased rental demand, making buy-to-rent properties an attractive option for investors looking for consistent income streams.
The continuous population increase not only supports the current housing demand but also presents future development opportunities. Investors might consider exploring new construction projects or renovation ventures to cater to the growing community’s housing needs. Nonetheless, it is essential to monitor economic indicators and infrastructure developments closely as they significantly influence real estate investment success.
Future Market Outlook
The future outlook for Carlingford’s real estate market appears optimistic. With a robust population growth rate and ongoing property value appreciation, both residential stability and investment interest are likely to be sustained. If current trends continue, we can expect further gradual increases in property prices and potentially higher demand for new housing developments.
In light of these positive indicators, it’s crucial for stakeholders to stay informed about local zoning laws, regional economic policies, and potential shifts in consumer behavior that may impact the market dynamics. Vigilance and adaptability will be key factors for those seeking to capitalize on Carlingford’s real estate market potential.
