Doyleville, 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
The real estate market in Doyleville, New Brunswick, currently exhibits a stable growth pattern. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is experiencing healthy appreciation. Similarly, the median apartment price stands at $300,000 with a more modest growth trend of 2.1% year-over-year. These statistics indicate a consistent demand for housing in the area.
Doyleville’s population has grown by 7.1%, which suggests an expanding local economy and could be a contributing factor to the steady rise in property values. This demographic trend is likely to continue influencing the demand for both residential properties and rental units, as new residents seek accommodation.
Investment Opportunities and Potential
The investment landscape in Doyleville is promising due to the continuous population growth and consequent demand for housing. The consistent upward trend in property prices presents investors with the potential for capital gains over the long term.
For those interested in rental properties, the growth in apartment prices at a slower rate compared to houses suggests that apartments may offer more affordable entry points for investment. Additionally, as newcomers settle into the city, the need for rental accommodations could increase, potentially leading to higher occupancy rates and rental yields.
It’s also worth noting that Doyleville’s real estate market has not experienced volatile swings in pricing, which may appeal to investors looking for markets with lower risk profiles.
Future Market Outlook
The future outlook for Doyleville’s real estate market remains optimistic. The ongoing population increase is likely to maintain its role as a key driver of housing demand. Assuming current economic conditions persist, both house and apartment prices are expected to continue their upward trajectory, albeit at a measured pace.
This gradual growth suggests that Doyleville could be positioned as a stable market for both homeowners and investors alike. Prospective buyers might find now an opportune time to enter the market before prices potentially escalate further.
However, investors should monitor local economic indicators such as employment rates and infrastructure developments, which could significantly impact future property values and investment returns.
