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 current median house price stands at $500,000, demonstrating a steady year-over-year increase of 3.5%. This consistent growth in housing prices indicates a robust demand for residential properties within the area. The market for apartments is also experiencing growth, albeit at a slightly slower pace, with a median price of $300,000 and an appreciation trend of 2.1% year-over-year. The population growth of 7.1% signifies a vibrant and expanding community that could be contributing to the upward pressure on property prices due to increased demand.
Investment Opportunities and Potential
The real estate investment landscape in Clairville presents several opportunities, particularly given the ongoing population expansion which is currently pegged at 15,000 residents with an impressive growth rate. The consistent rise in median house prices suggests that purchasing residential property could yield capital gains over time as the market continues to strengthen. Investment in apartment units may also be promising due to their more modest price appreciation rate of 2.1%, possibly appealing to a segment of investors seeking more affordable entry points into the housing market or catering to rental demands.
Future Market Outlook
The future outlook for Clairville’s real estate market remains positive. Given the healthy population increase of 7.1%, it is likely that housing demand will persist, potentially leading to further appreciation in property values. The steady growth trends observed in both house and apartment prices suggest that the market has not yet reached its peak and may continue to offer investment rewards for both short-term speculators and long-term investors alike. However, as with any investment, it is crucial for prospective buyers to conduct thorough market research and consider local economic factors that could influence future market dynamics.
