Grandedigue, 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
Current Market Conditions and Trends
The real estate market in Grande-Digue, New Brunswick is currently experiencing moderate growth. The median house price in the area is $500,000, with a year-over-year increase of 3.5%. This suggests a steady demand for homes in the region, likely influenced by both local buyers and external interest seeking the serenity and lifestyle offered by Grande-Digue. The median apartment price stands at $300,000, with a more modest growth rate of 2.1% year-over-year.
This growth can be partially attributed to the region’s increasing population, which has risen by 7.1%, reflecting a surge in new residents. This population growth may stem from Grande-Digue’s appeal to individuals seeking a quieter pace of life away from urban centers or possibly due to economic opportunities within the province.
Investment Opportunities and Potential
Given the consistent upward trend in property values and significant population growth, Grande-Digue presents viable investment opportunities, particularly in residential real estate. Investors can capitalize on the growing demand for housing driven by the area’s rising population. Long-term investments could potentially yield considerable returns as property values continue to escalate.
The stability of housing prices coupled with gradual increases indicates a healthy market that could benefit investors looking for investment properties or development projects. Moreover, considering the lower price point of apartments relative to houses, there may be an untapped market segment for multi-family dwellings or apartment complexes aimed at providing more affordable housing options.
Future Market Outlook
The future outlook for Grande-Digue’s real estate market appears optimistic. With a strong population growth rate and consistent increases in property values, it is likely that this upward trajectory will continue into the foreseeable future. As long as economic conditions remain favorable and the area continues to attract new residents, both demand and property prices are expected to maintain their positive momentum.
Prospective investors and homeowners should monitor local economic trends and development plans closely as these factors will play critical roles in shaping the market dynamics going forward. Initiatives that improve infrastructure or enhance quality of life could further amplify Grande-Digue’s attractiveness as a place to live and invest.
In conclusion, Grande-Digue presents itself as an appealing market with stable growth patterns and potential for good investment returns over time. Cautious optimism is advised given the unpredictable nature of real estate markets; however, current data points towards a flourishing future for this New Brunswick community.
