Haneytown, 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 Haneytown, New Brunswick, is currently experiencing a period of moderate growth. The median house price in the area stands at $500,000 with a positive trend of 3.5% year-over-year growth. This indicates a steady demand for residential properties and a healthy market that favors sellers while still offering opportunities for buyers.
Similarly, the apartment sector has shown resilience with a median price point of $300,000 and a growth trend of 2.1% over the past year. This slower growth rate compared to houses suggests a more balanced market for apartments that could be attractive to both investors and homebuyers seeking more affordable entry points into the property market.
The population of Haneytown has been growing at an impressive rate of 7.1%, which is likely contributing to the demand for housing and the overall upward pressure on property prices.
Investment Opportunities and Potential
With the population growth outpacing many other regions, Haneytown presents a promising landscape for real estate investment. The consistent rise in property values indicates that there is ongoing potential for capital gains in both the housing and apartment markets.
Investors should note that the growth rates differ between houses and apartments, suggesting that houses may offer stronger long-term growth potential. However, apartments could provide an accessible investment opportunity with potentially higher rental yield due to their lower entry price point.
Given the population increase, there is also potential for development projects aimed at meeting the growing housing demand. This could include new residential complexes or subdivision developments catering to various segments of the market.
Future Market Outlook
The future outlook for Haneytown’s real estate market appears positive. Assuming current trends continue, supported by robust population growth, both housing prices and apartment values are expected to maintain an upward trajectory.
As more people move to the area, demand for local amenities and infrastructure will likely increase, potentially leading to further economic development within Haneytown. This could have a compounding effect on property values as improvements in living standards typically attract even more residents and investment.
In conclusion, Haneytown offers a dynamic real estate environment with opportunities for both homebuyers and investors. Those considering entering this market should keep a close eye on demographic trends and local development plans as these will be key indicators of future performance.
