Centresaintsimon, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.9% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2024) | 15,100 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| 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 period of moderate growth. With a median house price of $485,000 and a year-over-year increase of 2.9%, the market is showing steady appreciation. This indicates a healthy demand for homes in the area, reflecting regional economic stability and buyer confidence.
In contrast, the apartment sector is slightly less robust but still growing with a median price of $295,000 and a trend of 2.5% increase year-over-year. This slower growth rate may suggest a more balanced market for apartments or potential affordability barriers for prospective buyers.
The population of Centresaintsimon currently stands at 15,100, with a growth rate of 2%. Population increases often correlate with heightened demand for housing, which can drive property values upward over time.
Investment Opportunities and Potential
Investors looking to capitalize on the Centresaintsimon real estate market may find opportunities within both the residential housing and apartment sectors. The sustained growth in median house prices suggests that investing in residential properties could yield solid returns as the market continues to mature. Furthermore, the consistent appreciation of apartment values points to potential long-term gains for investors in multi-family housing units.
The town’s population growth provides an additional incentive for investment. A growing population typically leads to increased rental demand, which can be particularly advantageous for those investing in apartments or developing rental properties.
Future Market Outlook
The future outlook of Centresaintsimon’s real estate market appears cautiously optimistic. Assuming that current trends persist, we can expect to see continued gradual growth in property values across both houses and apartments. The steady population increase should support ongoing demand for housing and help sustain the market’s health.
However, investors and homebuyers should monitor local economic indicators such as employment rates, new construction developments, and changes in mortgage interest rates as these factors can significantly influence the real estate trajectory.
In summary, Centresaintsimon presents itself as a stable market with reasonable growth prospects. While no investment is without risk, careful consideration of current trends and future developments may yield positive outcomes for those willing to engage with this New Brunswick community’s real estate landscape.
