Havelock, New Brunswick Real Estate Market Data
Updated: Nov 2024
House
Median price | $0 |
Monthly growth | 0.0% |
Quarterly trend | 0.0% |
Stock on market | 0.0% |
Apartment
Median price | $0 |
Monthly growth | 0.0% |
Quarterly trend | 0.0% |
Stock on market | 0.0% |
Demographics
Current Population (2025) | 0 |
Previous Population (2020) | 0 |
Population Change | 0.0% |
Total Private Dwellings | 0 |
Occupied Private Dwellings | 0 |
Population Density (per km²) | 0.0 |
Land Area (km²) | 0.0 |
Market Analysis
Current Market Conditions and Trends in Havelock, New Brunswick
The real estate market in Havelock, New Brunswick, is currently characterized by steady growth. With a median house price of $500,000, the market has experienced a 3.5% year-over-year increase, demonstrating resilience and sustained demand for single-family homes. Meanwhile, apartments are showing a more modest but stable growth trend, with median prices sitting at $300,000 and witnessing a 2.1% year-over-year upward trend.
This steady growth is set against the backdrop of a burgeoning local population that has recently seen a 7.1% increase. This demographic expansion suggests heightened demand for housing which could be driving the current price trends. The relatively affordable pricing compared to larger Canadian urban centers makes Havelock an attractive market for homeowners and investors alike.
Investment Opportunities and Potential in Havelock
Investors considering Havelock will find potential in both the single-family home sector and the apartment market. The consistent growth in house prices indicates a market with underlying strength, likely to offer stable returns on investment over the medium to long term. Rental properties may also be an avenue worth exploring due to population growth which could result in increased rental demand.
For those looking at apartment investments, the slower price increase rate suggests a more accessible entry point with room for capital appreciation. As population numbers continue to rise, demand for varied types of housing, including apartments suitable for singles, couples, and smaller families is expected to grow as well.
Future Market Outlook for Havelock Real Estate
The future outlook for Havelock’s real estate market remains promising. The continued population growth serves as a strong indicator that housing demand will persist. Should this demographic trend continue at its current or higher rate, it can be anticipated that both house and apartment markets will maintain their upward trajectory.
Furthermore, as remote work increases post-pandemic flexibility, smaller towns like Havelock may attract more residents seeking affordability and quality of life away from larger urban centers. This could foster additional housing demand, benefiting both homeowners and investors who enter the market now.
However, investors should remain vigilant of broader economic factors such as interest rates, employment levels in the region, and national economic performance which can impact local real estate markets significantly.