Hautbertrand, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 3.2% |
Stock on market | 0.8% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 2.0% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $425,000 |
3 bedrooms | $485,000 |
4 bedrooms | $590,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $420,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 15,000 |
Population Change | 1.3% |
Total Private Dwellings | 6,100 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.6 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Hautbertrand, New Brunswick, is currently experiencing steady growth. With a median house price of $485,000 and an annual increase of 3.2%, the market shows signs of moderate appreciation. This indicates a healthy demand for housing in the area. Similarly, apartments are also seeing growth with a median price of $295,000, which has risen by 2% over the past year.
The population of Hautbertrand stands at 15,200 and has witnessed a growth rate of 1.33%. This influx of residents suggests that the market could continue to see sustained demand for housing. Such demographic trends often contribute to a stable and potentially growing real estate environment.
Investment Opportunities and Potential
Investors considering Hautbertrand’s real estate market will find potential in both the single-family home sector and the apartment market. The steady year-over-year increases in property values suggest that purchasing real estate in this region could yield solid returns over time.
The consistent population growth hints at a continuous need for housing, which may spur new development projects or lead to an uptick in demand for existing properties. Given the current trends, rental properties may also offer lucrative opportunities as more people moving to the area could translate into an increased pool of renters.
Future Market Outlook
The future outlook for Hautbertrand’s real estate market appears promising. Assuming the continuation of current economic conditions and population growth rates, we can anticipate further steady increases in property values. The 3.2% year-over-year growth rate in house prices and 2% increase in apartment prices point towards a balanced market that is neither overheating nor stagnating.
Potential headwinds could include economic changes affecting employment rates or shifts in regional development priorities; however, at present, Hautbertrand’s real estate market seems poised for continued growth. Investors and homebuyers should monitor key economic indicators closely to make informed decisions based on up-to-date data.