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Flatlands, New Brunswick Real Estate Market Data

Updated: Nov 2024

House

Median price $490,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.7%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $490,000
4 bedrooms $580,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $330,000
3 bedrooms $420,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 14,500
Population Change 6.9%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Flatlands, New Brunswick Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Flatlands, New Brunswick is currently experiencing a period of steady growth. With a median house price of $490,000, the market has seen a year-over-year increase of 3.2%. This suggests a stable environment for home buyers and sellers, with prices reflecting strong demand for housing in the area.

In the apartment sector, the median price stands at $295,000, with an annual growth rate of 2.5%. This slightly lower growth rate compared to houses indicates a more accessible entry point for investors or first-time homebuyers looking to enter the market.

The population of Flatlands has grown by 6.9%, now standing at 15,500 residents. This surge indicates an increasing demand for residential properties due to the influx of new residents seeking accommodation in the area.

Investment Opportunities and Potential

The sustained increase in property values coupled with significant population growth positions Flatlands as an attractive location for real estate investment. The consistent yet moderate appreciation in house and apartment prices suggests that investments made in this market may offer stable returns with lower volatility than markets with rapid price fluctuations.

Investors might also consider leveraging rental properties, as the growing population may lead to higher demand for rental accommodations. Given the rising property values, long-term investments could benefit from both capital appreciation and rental income.

Future Market Outlook

The outlook for the Flatlands real estate market remains positive. The combination of healthy population growth and consistent property value increases points towards ongoing demand. Assuming similar economic conditions persist, it is reasonable to expect that the market will continue on this trajectory of gradual growth.

However, potential investors and homeowners should stay informed about local economic developments, changes in interest rates, and national housing policies that could impact the future state of the Flatlands real estate market.