Clairville, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Clairville, New Brunswick, the real estate market is currently exhibiting steady growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable and growing housing market that is likely attracting both local and outside interest. The apartment market is also showing positive trends with a median price of $300,000 and a slower but consistent appreciation trend of 2.1% year-over-year.
The population of Clairville has reached 15,000 residents, reflecting a robust growth rate of 7.1%. This demographic expansion can be attributed to both natural population growth and migration, which in turn fuels demand for housing in the area. This demand is contributing to the overall health and gradual appreciation of real estate values in Clairville.
Investment Opportunities and Potential
The current trajectory of the Clairville real estate market presents attractive investment opportunities. Given the solid growth in median house prices and a consistent climb in apartment values, investors are likely to see significant returns on investments over time. The combination of steady price increases and robust population growth suggests that rental properties may present particularly strong potential for sustained income and capital appreciation.
Investors considering entry into the Clairville market might focus on areas where new infrastructure or community developments are planned, as these tend to drive up property values over time. Additionally, with an expanding population base, there may be opportunities to invest in multi-family dwellings or residential complexes aimed at accommodating newcomers to the area.
Future Market Outlook
The future outlook for Clairville’s real estate market remains optimistic based on current trends and data. Given the healthy population growth rate and consistent property value appreciation, it is reasonable to expect that these trends will continue into the near future. However, investors should remain vigilant about broader economic conditions that might impact interest rates and borrowing costs.
If Clairville continues to attract new residents at its current pace, demand for housing will likely sustain or even accelerate current price trends. While no market is without risks, the data supports a cautiously positive outlook for those considering real estate investments in Clairville.
