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 is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market reflects healthy demand for single-family homes. Likewise, the apartment sector has demonstrated resilience with a median price of $300,000 and a growth trend of 2.1% over the past year.
The population of Doyleville now stands at 15,000, showcasing a robust growth rate of 7.1%. This population influx is likely contributing to the sustained demand for housing in the area, which may be driving the positive price trends observed in both houses and apartments.
Investment Opportunities and Potential
For investors considering Doyleville’s real estate market, there are several promising opportunities. The consistent upward trend in house prices suggests that investing in single-family homes could yield appreciable capital gains over time. Similarly, apartments offer a more accessible entry point for investors at $300,000 with a steady appreciation rate.
Given the population growth rate, rental properties may also represent a viable investment strategy. An increasing population could translate into higher demand for rental accommodations, potentially leading to competitive rental rates and lower vacancy rates.
Future Market Outlook
Looking forward, the future market outlook for Doyleville appears optimistic. The combination of rising property values and significant population growth positions the town as an up-and-coming market with potential for long-term investment returns.
If current trends persist, investors can expect continued appreciation in property values. However, it will be essential to monitor local economic conditions and infrastructure developments that could influence future demand for housing.
In conclusion, Doyleville’s real estate market presents an attractive landscape for both homebuyers and investors alike. Careful consideration of market data and vigilance in tracking emerging trends will be crucial for those looking to capitalize on this burgeoning market.
