Hampstead, 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
Current Market Conditions and Trends
The real estate market in Hampstead, New Brunswick, is currently experiencing a period of moderate growth. With a median house price sitting at $500,000, the market has seen a year-over-year increase of 3.5%, indicating a steady demand for residential properties. Similarly, the median apartment price has reached $300,000, with a more modest growth trend of 2.1% year-over-year.
The population of Hampstead is approximately 15,000 residents, with a notable population growth rate of 7.1%. This demographic expansion suggests that the demand for housing is likely to continue, as new residents seek accommodation within the town.
Investment Opportunities and Potential
The consistent increase in property prices suggests that Hampstead offers promising investment opportunities for those looking to enter the real estate market or expand their portfolios. The steady house price trend implies that there is ongoing confidence in the stability of the market, making it an attractive option for long-term investments.
In addition to traditional residential properties, apartments present an attractive entry point for investors due to their lower price point and growing demand from smaller households or those seeking more affordable housing options.
Given the town’s population growth, there may also be potential in development projects or investing in rental properties to cater to newcomers and residents unable to purchase homes outright.
Future Market Outlook
The future real estate market outlook for Hampstead appears optimistic. The continued population growth paired with incremental property value increases suggest that the demand for housing will remain robust. While current trends are positive, investors and homebuyers should remain aware of broader economic conditions and local developments that could impact the market.
If current trends prevail, investors can expect to see sustained appreciation in property values over time. However, as with any investment strategy, due diligence is essential to mitigate risks associated with changes in market conditions.
In conclusion, Hampstead’s real estate market presents numerous opportunities backed by solid data-driven indicators of growth and stability. Careful consideration of individual investment goals and risk tolerance should guide any decision-making process in this active market.
