Doaktown, 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
1. Current Market Conditions and Trends
The current real estate market in Doaktown, New Brunswick, reflects a modest but steady growth trajectory. With a median house price of $500,000 and an appreciating trend of 3.5% year-over-year, the market is demonstrating resilience and sustained demand. Simultaneously, the median apartment price stands at $300,000, climbing at a slightly slower rate of 2.1% year-over-year. These trends suggest a balanced market where both housing and apartment sectors are growing, albeit at different paces.
The population of Doaktown has reached 15,000 and is experiencing significant growth at a rate of 7.1%. This rapid expansion indicates an increasing demand for residential properties as more individuals and families seek to settle in the area. The combination of population growth and steady property value increases points towards a healthy local economy that supports the real estate market.
2. Investment Opportunities and Potential
With the observed stability in property prices and positive growth rates, Doaktown presents several attractive investment opportunities. The consistent rise in median house prices suggests that single-family homes could offer substantial returns for long-term investors looking to capitalize on equity growth. Furthermore, as the population continues to expand, rental properties such as apartments will likely see increased demand, potentially leading to higher rental yields for investors.
The slower appreciation rate in the apartment sector may provide an entry point for investors seeking more affordable investment options with long-term growth potential. Given the overall upward trajectory of the market, both housing segments offer promising prospects for those looking to diversify their investment portfolios within Doaktown’s real estate landscape.
3. Future Market Outlook
The future outlook for Doaktown’s real estate market remains optimistic based on current trends and demographic shifts. The sustained population increase is expected to perpetuate the demand for housing, which should continue to support property value appreciation over time. Moreover, as the local economy adapts to accommodate this growth through infrastructure development and job creation, we can anticipate further stabilization and maturation of the real estate market.
Assuming no major economic disruptions occur regionally or globally, the market is poised for continued growth in both the residential housing and apartment sectors. Investors and homeowners alike can look forward to a dynamic but reliable market environment in Doaktown.
