Alonsa, Manitoba 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
The real estate market in Alonsa, Manitoba is currently experiencing moderate growth. The median house price in the region stands at $500,000, with a year-over-year increase of 3.5%. This reflects a steady appreciation in property values and a stable investment environment. Similarly, the apartment sector shows a positive trend with a median price of $300,000 and an annual growth rate of 2.1%.
The population of Alonsa is approximately 15,000, and it has witnessed a significant population growth of 7.1%. This demographic expansion contributes to the increasing demand for housing and supports the ongoing positive trends in the real estate market.
Investment Opportunities and Potential
Given the steady growth in both house and apartment prices, Alonsa presents viable investment opportunities for both residential and rental properties. The consistent appreciation in property values indicates that investments made now have the potential for capital gains in the long term.
Demand for housing is likely bolstered by the impressive population growth, which may lead to increased rental yields for investors targeting the apartment market. As such, purchasing rental properties could be a strategic move to capitalize on the growing local demand.
Future Market Outlook
The future market outlook for Alonsa remains cautiously optimistic. The ongoing population growth is expected to sustain demand for housing, potentially leading to continued appreciation in property values. If current trends persist, both house and apartment markets may see further increases in median prices at a stable pace.
However, investors should also consider broader economic factors that could impact interest rates and mortgage availability which can affect buyer activity levels. Keeping an eye on local developments regarding infrastructure projects or changes in employment rates can also provide valuable insights into longer-term market directions.
