Geary, 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
1. Current Market Conditions and Trends
The real estate market in Geary, New Brunswick, is currently experiencing steady growth. With a median house price of $500,000 and a year-over-year appreciation rate of 3.5%, the market reflects a growing demand for residential properties. Similarly, the apartment sector is showing positive momentum with a median price point of $300,000 and an appreciation trend of 2.1% over the past year.
The population of Geary has grown by 7.1%, indicating an influx of residents who may contribute to the demand for housing. This increase in population is a key driver behind the rising property values and the consistent growth in the real estate market.
2. Investment Opportunities and Potential
Given the current trends, Geary offers promising investment opportunities, particularly in the residential sector. The solid growth rate in house prices suggests that investments in single-family homes could yield considerable returns over time. Moreover, with a median apartment price of $300,000 and a steady appreciation trend, multi-unit residential buildings present a viable investment opportunity for those looking to enter the rental market or expand their portfolio.
The relatively lower price point of apartments compared to houses makes it an accessible entry point for first-time investors or those with limited capital. Additionally, the ongoing population growth implies a potential increase in rental demand, which may drive up rental yields and occupancy rates.
3. Future Market Outlook
The future outlook for Geary’s real estate market appears optimistic. The sustained population growth paired with healthy property appreciation rates suggests that the market will likely continue on its upward trajectory. Investors and homeowners can expect to see continued value growth in their properties as demand for housing remains robust driven by demographic shifts and economic stability in the region.
However, market participants should keep an eye on economic indicators and policy changes that could impact interest rates and borrowing costs. Careful analysis and strategic planning will be essential for those looking to capitalize on Geary’s real estate potential in the coming years.
