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 (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 Cocagne, New Brunswick, the real estate market is currently experiencing stable growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes in the area. Similarly, the median apartment price is $300,000, showing a slower yet steady year-over-year growth of 2.1%. The population has seen a significant rise of 7.1%, which suggests an expanding community that may continue to drive demand for housing.
Investment Opportunities and Potential
The Cocagne real estate market presents various investment opportunities. Given the current population growth, there is potential for both rental and sale markets. For investors, the consistent rise in house prices could translate into appreciable capital gains over time, while apartments offer a more accessible entry point into the market with a slightly lower appreciation rate. The steady growth in property values implies that investments made now could yield positive returns in both the short and long term as the community continues to grow and attract new residents.
Future Market Outlook
The future outlook for Cocagne’s real estate market appears promising. The sustained population growth paired with rising property values suggests that the demand for housing will remain strong. Assuming no major economic shifts or policy changes occur, investors can expect a continuation of current trends with moderate but reliable growth rates in property values. The ongoing development and infrastructural improvements within the region are also likely to bolster market confidence and further stimulate investment.
