Deersdale, 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
The real estate market in Deersdale, New Brunswick is currently experiencing steady growth. The median house price is valued at $500,000, with a year-over-year increase of 3.5%. Simultaneously, the median apartment price stands at $300,000, with a slightly slower growth rate of 2.1% year-over-year.
This consistent upward trend in pricing is indicative of a healthy demand for real estate in the area. The population of Deersdale has reached 15,000 individuals and has seen significant growth at a rate of 7.1%, suggesting that the area is becoming increasingly attractive to both residents and investors alike.
Investment Opportunities and Potential
For investors looking to enter the Deersdale real estate market, there are promising opportunities particularly due to the sustained population growth and upward pricing trends. The steady rise in house prices may offer long-term capital gains for property investors, while the increasing demand for housing could present potential for rental income investments.
Given the more modest increase in apartment prices at 2.1% year-over-year compared to houses, apartments may represent an attractive entry point for investors seeking lower initial investment costs while still benefiting from the overall positive trajectory of the market.
Future Market Outlook
The future outlook of Deersdale’s real estate market appears optimistic. Assuming that current trends continue, including population growth and economic stability, we can anticipate ongoing increases in property values. The solid population growth rate of 7.1% will likely continue to drive demand for housing across all sectors.
However, it’s important for investors and potential homebuyers to monitor local economic factors and national policies that might affect interest rates or mortgage availability as these can have significant impacts on market dynamics.
In conclusion, Deersdale presents a robust real estate market with potential for both immediate investment returns through rental income and long-term capital appreciation. Investors should keep an eye on demographic trends and economic indicators to make informed decisions regarding their real estate ventures in this region.
