Harcourt, 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 in Harcourt, New Brunswick
The real estate market in Harcourt, New Brunswick, is presently characterized by moderate growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing market is showing healthy progress that aligns with overall economic stability. The apartment sector, although less robust than the housing segment, is also experiencing growth with a median price point of $300,000 and a year-over-year price increase of 2.1%. This suggests a steady demand for both houses and apartments in the area.
Harcourt’s population has recently grown by 7.1%, indicating a positive trend in demographic development which could be contributing to the demand for housing. The influx of new residents may be due to employment opportunities, lifestyle amenities, or other socio-economic factors that make Harcourt an attractive place to live.
Investment Opportunities and Potential in Harcourt
Given the current trends, Harcourt offers promising investment opportunities in the real estate sector. The continuous population growth coupled with appreciating property values points towards potential gains for investors who enter the market now. The consistent increase in median house and apartment prices suggests that investments are likely to benefit from capital appreciation over time.
Investors should note that Harcourt’s market is experiencing balanced growth which might appeal to those looking for stable long-term investments rather than speculative short-term gains. The diversity between house and apartment price trends also presents varied investment avenues—houses for those seeking higher value assets and apartments for those interested in more affordable entry points into the real estate market.
Future Market Outlook for Harcourt
The future outlook for Harcourt’s real estate market appears optimistic given current trends and demographic indicators. If the population continues to grow at or above the current rate of 7.1%, demand for housing will likely remain strong, potentially pushing prices further upward if supply doesn’t keep pace.
Infrastructure developments, economic diversification, and community investments can further enhance this outlook by attracting more residents and boosting property values. However, potential investors should remain vigilant of broader economic conditions such as interest rates and employment levels that could impact buyer affordability and influence market dynamics.
In summary, while current trends suggest a positive trajectory for Harcourt’s real estate market, it is important for stakeholders to stay informed on local and national economic developments that could affect future conditions.
