Hardwicke, 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
As of the most recent data, the real estate market in Hardwicke, New Brunswick is experiencing moderate growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable and growing market for single-family homes. Likewise, the apartment sector is showing a positive trend with a median price of $300,000 and a growth rate of 2.1% year-over-year.
The population of Hardwicke has reached approximately 15,000 residents with a substantial growth rate of 7.1%. This demographic expansion suggests increasing demand for housing and can be seen as a driving force behind the steady appreciation of property values in the region.
Investment Opportunities and Potential
The consistent growth in both housing prices and population presents promising investment opportunities in Hardwicke’s real estate market. Investment in single-family homes appears particularly attractive given their higher growth rate compared to apartments. The current trends suggest that investors could expect continued appreciation in property values, making purchases now potentially profitable over the mid to long term.
Apartments offer a more accessible entry point for investors due to their lower median price point. While they exhibit slower growth compared to houses, they remain an attractive option for rental income given the expanding population and potential demand from those seeking more affordable housing options.
The overall investment climate is supported by Hardwicke’s developing infrastructure and community amenities, which are likely to bolster real estate desirability and value further.
Future Market Outlook
The future outlook for Hardwicke’s real estate market remains optimistic. Population growth is often correlated with increased housing demand, which could continue to push property prices upward if the current growth rate is sustained. Further economic development within the region would also contribute positively to this outlook.
In light of these factors, potential investors should monitor local economic indicators and development plans closely as these will be crucial determinants of long-term market performance. Overall, Hardwicke’s real estate market shows potential for continued growth and represents an intriguing prospect for both residential buyers and real estate investors alike.