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 (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 in Deersdale, New Brunswick
The real estate market in Deersdale, New Brunswick is currently experiencing steady growth. The median house price in the region is $500,000, which represents a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes and a robust housing market. Similarly, the apartment sector is also showing positive momentum with a median price of $300,000 and an annual increase of 2.1%. These numbers suggest that the Deersdale real estate market is on an upward trajectory.
With a population of 15,000 and a significant growth rate of 7.1%, Deersdale’s demographic trends are likely to support continued real estate demand. A growing population typically leads to increased demand for housing, which could put upward pressure on property values over time.
Investment Opportunities and Potential in Deersdale
The current trends in Deersdale’s real estate market provide several attractive opportunities for investors. The consistent rise in house and apartment prices reflects a market with potential for capital appreciation. Investors looking to acquire assets in Deersdale may find single-family homes particularly appealing given the higher growth rate in median prices compared to apartments.
Additionally, the strong population growth suggests that rental properties could be a viable investment strategy. Demand for both rental houses and apartments is likely to rise as the local population increases, potentially leading to higher rental yields for investors.
Future Market Outlook for Deersdale Real Estate
The future market outlook for Deersdale appears promising. The combination of steady price increases in residential properties and significant population growth sets the stage for ongoing demand and potential appreciation in real estate values. If these trends continue, the market could see sustained growth rates in both housing prices and rental demand.
However, investors should monitor economic factors such as employment rates, interest rates, and regional development initiatives that could impact the real estate market’s trajectory. Overall, if current conditions persist, Deersdale’s real estate market is poised to remain vibrant and offer substantial opportunities for investment and returns.
