Codys, 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
The real estate market in Codys, New Brunswick, currently presents a stable growth pattern. With a median house price of $500,000 and an appreciating trend of 3.5% year-over-year, the market is experiencing healthy demand. Similarly, the median apartment price stands at $300,000 with a growth trend of 2.1% year-over-year. These figures suggest a consistent but moderate appreciation in property values across different types of housing.
The local population has seen a significant increase of 7.1%, which may be contributing to the rising demand for housing in the area. This demographic shift implies a growing community that is likely to sustain and possibly escalate the current demand for real estate.
Investment Opportunities and Potential
Given the steady increase in property values, investment opportunities within Codys appear promising. The market’s growth indicates that investments have the potential to appreciate over time. The robust population growth rate further bolsters this potential by driving continuous demand for housing.
Investors looking at long-term capital gains might find single-family homes especially attractive due to their higher appreciation rate of 3.5% compared to apartments. Rental properties also present an opportunity, as the influx of new residents may lead to increased rental demand, potentially resulting in favorable rental yields for investors.
Future Market Outlook
The future real estate market outlook for Codys, New Brunswick remains positive. If current trends persist, it is reasonable to expect continued moderate growth in property values. The population growth rate suggests an emerging demand that could sustain market vitality.
However, investors should monitor external economic factors such as interest rates and employment levels as they can influence buyer affordability and impact market dynamics. Staying informed on these broader economic indicators will be crucial for accurately forecasting future trends in Codys’ real estate landscape.
