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 (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 in Doaktown, New Brunswick
In Doaktown, New Brunswick, the real estate market has been exhibiting stable growth. The median house price currently stands at $500,000, reflecting a healthy year-over-year increase of 3.5%. This indicates sustained demand and a robust housing market. Similarly, the median apartment price has seen a modest rise to $300,000, with a year-over-year trend showing a 2.1% increment.
The population of Doaktown has been on an upward trajectory, with current figures at approximately 15,000 residents, and an impressive growth rate of 7.1%. This demographic development is likely contributing to the steady demand for housing in the area, impacting both rental and purchase markets positively.
Investment Opportunities and Potential in Doaktown
The consistent growth in property values coupled with significant population expansion suggests strong investment potential in Doaktown’s real estate market. Investors may find opportunities in both residential and rental properties given the ascending trends. Single-family homes are particularly promising due to their more substantial annual appreciation.
Investors should also consider the apartment sector, which although exhibiting a slower growth rate compared to houses, still represents a promising investment due to the overall rise in housing demand driven by population growth. Long-term investment strategies could yield considerable returns as the market continues to grow steadily.
Future Market Outlook for Doaktown Real Estate
The future outlook for real estate in Doaktown remains optimistic. With the current data indicating ongoing increases in property values and a strong upward trend in population numbers, it can be anticipated that the demand for housing will continue to drive the market forward.
If these trends persist, investors and homeowners alike can expect continued property value appreciation. However, it is important for stakeholders to monitor economic indicators closely as changes in interest rates, employment statistics, and broader economic conditions could influence future market dynamics.
Overall, Doaktown presents as a solid market with good potential for real estate investment and growth over the coming years.
