Cookville, 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 Cookville, New Brunswick, currently presents a stable environment with moderate growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This steady rise indicates a healthy demand for housing in the area, likely driven by its growing population which has seen an impressive 7.1% growth rate. Similarly, the apartment sector is also experiencing positive traction with the median apartment price sitting at $300,000 and witnessing a 2.1% year-over-year increase.
Investment Opportunities and Potential
The consistent growth in property values suggests that Cookville holds promising investment opportunities. Given the solid population increase, there is potential for both rental and sale markets to expand. Investors looking to capitalize on the residential front could consider single-family homes, which are appreciating at a slightly higher rate than apartments. However, apartments should not be overlooked as they offer a more accessible entry point into the market at $300,000 and might appeal to young professionals or smaller families driving the population growth.
Future Market Outlook
Looking ahead, Cookville’s real estate market shows promise for sustained growth. The positive trend in population expansion underpins the increasing demand for housing and can be expected to continue fueling property value appreciation. If current trends persist, both housing and apartment sectors are poised to offer robust returns on investment over the coming years. Nevertheless, as with any investment, potential shifts in economic conditions and local policies should be monitored closely to adjust strategies accordingly.
