Trending

Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.

Drummond, NB

Updated: Aug 2016
House
Median price $136,900
Monthly growth 66.04 %
Quarterly trend
Stock on market 3.56%
Apartment
Median price $106,950
Monthly growth 0.00 %
Quarterly trend
Stock on market 0.23%

Drummond Home Price

The median asking price in Drummond is $136,900, quite a drop from the median three months ago which was $139,500 .

Drummond, New Brunswick has a median house price of $136,900 when compiling all the home listings in Aug .

Across New Brunswick Drummond has the 30th most properties on offer with 421.

There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Drummond will hopefully provide an indicator to help you where to research in-depth

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Drummond, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 35, this month we show 31.

In Aug the median listed house price of $106,950 in Drummond was relatively low compared to the rest of New Brunswick.

Across Canada the most common number of bedroom property being listed has 2 bedrooms, in Aug this neighbourhood’s most common listing has properties with fewer bedrooms.

Across New Brunswick Drummond has the 23th most properties on offer with 32.

New Brunswick has hundreds of possible neighbourhoods for you to invest in and there is lots of data to sift through to help you narrow your search down.

Because the amount of real estate listed for sale has stayed the same it looks like housing market forces in neighbourhood are likely to not necessarily affect house prices.

Find a mortgage broker in Drummond, NB
Beds Median price (House) Median price (Apartment)
2 bedrooms $115,000
3 bedrooms $136,900 $106,950
4 bedrooms $137,750
Demographics
  • Population in 20112250
  • Population in 20062265
  • 2006 to 2011 population change (%)-0.7
  • Total private dwellings872
  • Private dwellings occupied by usual residents842
  • Population density per square kilometre2.2
  • Land area (square km)1014.93

Age Characteristics

Total population by age groups 2250
0 to 4 years 125
5 to 9 years 115
10 to 14 years 145
15 to 19 years 170
15 years 35
16 years 35
17 years 35
18 years 35
19 years 30
20 to 24 years 120
25 to 29 years 110
30 to 34 years 150
35 to 39 years 150
40 to 44 years 205
45 to 49 years 200
50 to 54 years 205
55 to 59 years 160
60 to 64 years 135
65 to 69 years 100
70 to 74 years 60
75 to 79 years 50
80 to 84 years 25
85 years and over 20
Median age of the population 40.9
% of the population aged 15 and over 82.8

Marital Status

Total population 15 years and over by marital status 1860
Married or living with a common-law partner 1270
Married (and not separated) 950
Living common-law 320
Not married and not living with a common-law partner 595
Single (never legally married) 425
Separated 40
Divorced 55
Widowed 75

Family Characteristics

Total number of census families in private households 700
Size of census family: 2 persons 350
Size of census family: 3 persons 160
Size of census family: 4 persons 135
Size of census family: 5 or more persons 55
Total number of census families in private households 705
Total couple families by family structure and number of children 625
Married couples 470
Without children at home 240
With children at home 225
1 child 85
2 children 100
3 or more children 40
Common-law couples 160
Without children at home 65
With children at home 90
1 child 45
2 children 35
3 or more children 10
Total lone-parent families by sex of parent and number of children 70
Female parent 50
1 child 25
2 children 25
3 or more children 5
Male parent 20
1 child 10
2 children 10
3 or more children 0
Total children in census families in private households 690
Under six years of age 145
6 to 14 years 235
15 to 17 years 105
18 to 24 years 145
25 years and over 50
Average number of children at home per census family 1

Household And Dwelling Characteristics

Total number of persons in private households 2220
Number of persons not in census families 205
Living with relatives 30
Living with non-relatives only 45
Living alone 135
Number of census family persons 2020
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 245
Number of persons not in census families aged 65 years and over 65
Living with relatives 15
Living with non-relatives only 5
Living alone 50
Number of census family persons aged 65 years and over 180
Total number of private households by household type 845
Census-family households 690
One-family-only households 650
Couple-family households 590
Without children 295
With children 295
Lone-parent-family households 60
Other family households 40
One-family households with persons not in a census family 25
Couple-family households 20
Without children 10
With children 10
Lone-parent-family households 5
Two-or-more-family households 10
Non-census-family households 155
One-person households 135
Two-or-more-person households 15
Total number of occupied private dwellings by structural type of dwelling 840
Single-detached house 795
Apartment, building that has five or more storeys 0
Movable dwelling 15
Other dwelling 30
Semi-detached house 10
Row house 10
Apartment, duplex 5
Apartment, building that has fewer than five storeys 5
Other single-attached house 0
Total number of private households by household size 840
1 person 135
2 persons 335
3 persons 165
4 persons 140
5 persons 55
6 or more persons 15
Number of persons in private households 2220
Average number of persons in private households 2.6

Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics.

Useful Links

Advertisement

Website Managed By

© 2023 Canadian Estate Wealth. All Rights Reserved by Merged Media