Douglas, 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 current real estate market in Douglas, New Brunswick, is characterized by steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes in the area and a robust housing market. Similarly, the median apartment price is at $300,000, experiencing a more modest year-over-year growth of 2.1%. This data suggests that while apartments are appreciating in value, houses are seeing a faster rate of appreciation.
The population of Douglas has seen significant growth, with an increase of 7.1% suggesting an influx of residents. This demographic change is likely exerting upward pressure on housing demand and prices, contributing to the overall health of the real estate market in Douglas.
Investment Opportunities and Potential
For investors considering Douglas’s real estate market, there are promising opportunities amidst these conditions. The sustained growth in property values indicates a stable investment climate. Detached houses show stronger gains in value compared to apartments, pointing to potentially higher returns on investment for single-family homes.
Given the steady population increase, rental properties may also represent a sound investment strategy. As new residents seek accommodation, the demand for rental units could drive up rental prices and occupancy rates, benefiting landlords and investors focusing on multi-unit residential properties.
Future Market Outlook
The future outlook for Douglas’s real estate market remains optimistic. With ongoing population growth fueling demand for housing, it is reasonable to anticipate that property prices may continue their upward trajectory. If current trends persist, investors could see continued appreciation in both house and apartment values.
However, potential investors should be aware of broader economic factors that might impact the market, such as interest rate changes or regional employment shifts. While the current indicators are positive, maintaining vigilance on external influences will be crucial for long-term success in Douglas’s real estate investments.
