Cocagne, 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 (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 Cocagne, New Brunswick
The real estate market in Cocagne, New Brunswick is currently experiencing a steady growth, with the median house price sitting at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy uptick in property values, suggesting that the local real estate market is faring well amid broader economic conditions. Similarly, the median apartment price has reached $300,000 with a more modest year-over-year growth of 2.1%. These statistics point towards a balanced market that is accessible to both homeowners and investors.
Cocagne’s population has grown by 7.1%, signaling an influx of residents that could be due to various factors such as employment opportunities, lifestyle preferences, or regional developments attracting new inhabitants. This demographic expansion can contribute to sustaining demand for housing in the area.
Investment Opportunities and Potential in Cocagne
With consistent growth in property values and a burgeoning population, Cocagne presents several promising investment opportunities. The steady increase in house prices suggests that investing in residential properties could yield substantial returns over time. This is further bolstered by the area’s population growth, which may lead to increased rental demand – a positive sign for those looking to invest in rental properties or develop multi-family units.
Apartments represent another viable investment avenue given their 2.1% price appreciation year-over-year. Investors looking for lower entry points into the real estate market might find apartments a more accessible option while still benefiting from the area’s overall positive economic trajectory.
Future Market Outlook for Cocagne
The future outlook for Cocagne’s real estate market appears optimistic based on current trends and demographic data. A continuous population growth rate of 7.1% is expected to drive housing demand further which should support sustained property value appreciation over the coming years. The consistent rise in median house and apartment prices reflects a robust market unlikely to see significant downturns in the near term.
However, potential investors and homebuyers should consider macroeconomic factors that could impact interest rates and borrowing costs. Additionally, staying informed on local development plans and zoning changes can provide insight into future property value projections.
In conclusion, Cocagne’s growing population and consistent appreciation of property values depict an attractive market for both residential living and investment purposes. While current trends point towards a favorable outlook, continuous monitoring of market conditions is advised to make informed decisions in this dynamic real estate landscape.
