Dalhousie, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $430,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $585,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2024) | 15,200 |
| Previous Population (2019) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Dalhousie, New Brunswick, is experiencing steady growth. The median house price stands at $485,000, reflecting a year-over-year increase of 2.8%. This increment indicates a healthy demand for housing in the area, likely driven by the local amenities and the town’s small-community appeal. Similarly, the median apartment price has risen to $295,000, with a year-over-year trend showing a 1.9% increase. This suggests that while the apartment market is also growing, it is doing so at a slightly slower pace than the detached housing market.
Investment Opportunities and Potential
The investment potential in Dalhousie appears promising given the steady growth in property values. With a population growth of 2.7%, higher than the national average, there is an emerging demand for both rental and owned properties. Investors could benefit from purchasing residential properties to cater to this expanding population, who may be looking for long-term rentals or homes to purchase.
Apartments offer a relatively lower entry point for investors at $295,000 compared to houses. The rental market could be particularly attractive as new residents and young professionals seek affordable living options within Dalhousie. For those looking into property flipping or value-add strategies, the positive trends in house prices suggest that there is room for property appreciation over time.
Future Market Outlook
The future outlook for Dalhousie’s real estate market remains optimistic. Given the current population growth rate and economic stability of the region, it is likely that both demand and property prices will continue to rise moderately. However, investors should note that global economic conditions and interest rates can affect local markets unexpectedly.
Continued investments in infrastructure and community developments could further enhance property values. Prospective investors should keep an eye on local economic drivers such as employment rates, new business developments, and government policies that could influence the real estate market’s trajectory.
In summary, while careful consideration of broader economic factors is necessary, Dalhousie presents as a stable market with potential for sustained growth based on current trends and demographic indicators.
