Florencevillebristol, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| 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 | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $335,000 |
| 3 bedrooms | $425,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Florenceville-Bristol, New Brunswick, is currently experiencing a period of modest growth. The median house price stands at $485,000, which represents a year-over-year increase of 3.2%. Similarly, the median apartment price has seen a rise to $295,000, marking an annual growth of 2.5%. These statistics indicate a steady upward trend in property values, suggesting a stable and growing market.
With a population of 15,500 that has grown by 3.3% recently, there is an increasing demand for housing. This demographic expansion contributes to the upward pressure on real estate prices as more individuals seek homeownership or rental accommodations in the area.
Investment Opportunities and Potential
The consistent growth in property values coupled with the steady population increase points to appealing investment opportunities within Florenceville-Bristol’s real estate market. For investors looking to purchase residential properties, the current trends suggest that both houses and apartments in this region represent viable assets likely to appreciate over time.
The ongoing development and economic activity in the area could also lead to an influx of new residents seeking employment opportunities, which would further bolster demand for housing. Investors might consider leveraging this potential by investing in rental properties or exploring new construction projects to cater to the growing population.
Future Market Outlook
The future market outlook for Florenceville-Bristol remains positive based on the current trends and data. The sustained population growth indicates that demand for housing will continue to rise, potentially leading to further increases in property values. As long as the local economy supports job creation and attracts new residents, the real estate market is expected to remain robust.
However, it is essential for potential investors and current homeowners to monitor factors such as interest rates, employment rates, and regional economic developments, as these can significantly impact future real estate market conditions. Caution and due diligence are advised when considering long-term investments in light of potential market fluctuations.
