Hauteaboujagane, 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 | 0.7% |
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 | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $595,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,600 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Hauteaboujagane, New Brunswick
The real estate market in Hauteaboujagane, New Brunswick is currently experiencing steady growth. With a median house price of $485,000, the market has seen a 3.2% year-over-year increase, indicating a consistent upward trend in property values. Similarly, the median apartment price stands at $295,000 with a slightly lower annual growth rate of 2%. These figures suggest that the market is healthy and growing at a sustainable pace.
The population of Hauteaboujagane has grown by 3.3%, which is a robust rate that may be contributing to the demand for housing. This demographic growth can lead to increased consumer spending and potentially higher demand for both residential and commercial real estate in the area.
Investment Opportunities and Potential in Hauteaboujagane
Given the current growth trends, Hauteaboujagane presents several attractive investment opportunities. The steady increase in property values indicates potential for capital gains over time for investors looking to purchase residential properties. Furthermore, with the population increasing at a notable pace, there is likely to be continued demand for rental properties, making buy-to-let investments particularly promising.
Investors should also consider potential development projects as the growing population might spur demand for new housing developments and commercial spaces catering to the needs of residents. With careful analysis of local zoning laws and future urban planning initiatives, there could be significant opportunities for real estate developers and investors alike.
Future Market Outlook for Hauteaboujagane
The future market outlook for Hauteaboujagane’s real estate appears positive. The consistent growth in property values suggests that there is ongoing confidence in the market. If the local economy continues to thrive and attract new residents, it is likely that the housing market will continue to benefit from these trends.
However, investors should monitor economic indicators such as employment rates, income levels, and interest rates as they can affect consumer affordability and consequently impact real estate prices. Additionally, staying informed about any changes in local government policies regarding housing development could also influence future market dynamics.
In conclusion, while current trends indicate a healthy market with room for investment opportunities, it is essential for investors to remain vigilant and informed about both local and broader economic factors that could influence the future state of Hauteaboujagane’s real estate market.
