Centresaintsimon, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.4% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.5% |
| Stock on market | 1.1% |
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 | $340,000 |
| 3 bedrooms | $450,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| 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 Centresaintsimon, New Brunswick is currently experiencing a steady growth phase. The median house price stands at $485,000, which represents a 4% year-over-year increase. This indicates a healthy demand in the residential housing sector, likely fueled by both local buyers and those relocating to the area. Similarly, the median apartment price has seen a growth of 2.5% year-over-year, bringing it to $295,000. These trends are concurrent with a robust population growth rate of 2.7%, reflecting an influx of new residents to the area and a population now totaling 15,200. The steady upward trends in both housing and apartment prices suggest that Centresaintsimon is maintaining consistent economic growth.
Investment Opportunities and Potential
The positive trajectory of the real estate market in Centresaintsimon presents several investment opportunities. Given the ongoing population increase and corresponding demand for housing, investors might find lucrative prospects in both the residential and rental markets. The growing house prices indicate that investing in property could yield substantial capital gains over time. Additionally, as apartment prices are increasing at a slightly slower rate than houses, there is potential for investors to enter the market at a more accessible price point while still benefiting from appreciation.
The region’s economic stability and growth present opportunities for development projects aimed at expanding the local housing inventory to meet rising demand. Investors and developers looking to build or purchase rental properties may also benefit from favorable rental yields due to the increasing population seeking accommodations.
Future Market Outlook
The future outlook for Centresaintsimon’s real estate market remains optimistic. Continuous population growth signals sustained demand for housing which should keep the market buoyant. Assuming current economic conditions persist, we can expect house and apartment prices to continue their gradual ascent. The 4% increase in house prices and 2.5% rise in apartments year-over-year are indicators of a stable market that is unlikely to experience volatile swings in the near term.
In light of these factors, prospective buyers and investors should consider moving forward with real estate transactions sooner rather than later to capitalize on current trends. However, it is also crucial to monitor local economic developments, interest rates, and national housing policies that could impact future property values.
