Chiasson, 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 | $420,000 |
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 Chiasson, New Brunswick
In Chiasson, New Brunswick, the real estate market is exhibiting stable growth, with the median house price currently standing at $500,000. This represents a year-over-year increase of 3.5%, indicating a steady appreciation in property values in the area. The median apartment price has reached $300,000, with a slightly lower growth rate of 2.1% over the same period.
The population of Chiasson has been growing at a robust rate of 7.1%, suggesting an increasing demand for housing. This demographic trend is likely contributing to the upward pressure on real estate prices as more individuals and families seek accommodation in the region.
Investment Opportunities and Potential in Chiasson, New Brunswick
Given the positive trends in both housing and apartment markets, Chiasson presents attractive investment opportunities. The consistent growth in property values, coupled with a significant population increase, provides potential for both capital gains and rental income for investors. Single-family homes are particularly promising due to their higher year-over-year price increase compared to apartments.
Investors may also find potential in the apartment sector due to its affordability relative to houses. The slightly slower growth rate could allow for entry into the market at a more accessible price point while still benefiting from overall market appreciation.
Future Market Outlook for Chiasson, New Brunswick
The future market outlook for Chiasson appears optimistic based on current data. If the population continues to grow at its current rate, demand for housing is expected to remain strong, which could further drive up property prices. However, investors should also be mindful of economic factors such as employment rates and regional development projects that could impact the market’s trajectory.
Assuming no significant economic disruptions occur, the real estate market in Chiasson is poised for continued growth. Both house and apartment markets are expected to maintain their upward trends, making this an opportune time for investors to consider entering or expanding their presence in the region.