Gordonsville, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
In Gordonsville, New Brunswick, the real estate market is currently experiencing a steady growth in property values. The median house price stands at $500,000, which marks a 3.5% year-over-year increase. This indicates a healthy demand for housing in the area that is slightly outpacing national averages. Similarly, the median apartment price has reached $300,000, reflecting a more modest yet consistent growth of 2.1% year-over-year.
The population of Gordonsville is approximately 15,000 residents, and it has witnessed a significant population growth of 7.1%. This demographic expansion is contributing to increased housing demand and suggests a vibrant community that is attracting new residents.
2. Investment Opportunities and Potential
The current trends in Gordonsville’s real estate market present promising investment opportunities. Given the steady appreciation rate for both houses and apartments, investors can anticipate continued capital gains in the medium to long term. Residential properties remain an attractive option due to the town’s growing population and limited supply.
Moreover, with an above-average population growth rate, rental properties may offer substantial yield potential as more people seek accommodation in Gordonsville. Investors should consider both traditional rentals and short-term vacation rentals as viable strategies given the area’s appeal to both permanent residents and visitors.
3. Future Market Outlook
Looking ahead, Gordonsville’s real estate market appears poised for sustained growth. The solid year-over-year increases in property values are expected to continue, supported by the ongoing population expansion. Infrastructure developments and community investments could further bolster this trend.
Investors should stay informed about local economic initiatives that might impact housing demand or supply dynamics. It’s also important to monitor interest rate changes as they could influence buyer affordability and investment returns. Nonetheless, considering current data points, Gordonsville’s property market retains its allure for both homeowners and investors alike.
