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
In Alonsa, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This growth rate is indicative of a healthy demand for single-family homes in the region. Similarly, the median apartment price is $300,000, climbing at a slightly slower pace of 2.1% year-over-year. This contrast suggests that while there is appreciation in the multi-family residence sector, it’s not as robust as the single-family residence market.
The population of Alonsa has reached 15,000, showing a significant growth rate of 7.1%. This population increase signals a growing demand for housing, which could be contributing to the steady appreciation in property values seen across the board.
Investment Opportunities and Potential
The current trends point towards a positive climate for real estate investment in Alonsa. With single-family homes appreciating at a consistent rate, investors can anticipate continued demand and potential for capital gains. The less aggressive growth in apartment prices also presents an opportunity, particularly for investors looking for more affordable entry points into the real estate market or those interested in rental income properties.
Drawing from the healthy population growth figure, investment in new residential developments could be particularly lucrative as supply strives to meet increasing demand. Additionally, with the town expanding, ancillary investment opportunities may arise in commercial and retail real estate sectors to support the growing community.
Future Market Outlook
The outlook for Alonsa’s real estate market remains optimistic. Given the solid population growth combined with consistent property value increases, it is reasonable to forecast continued strength in this market. Should these trends persist, we can expect further property value appreciation and increased interest from both homebuyers and investors alike.
However, potential investors should remain vigilant to factors such as economic diversification and employment rates within Alonsa which could impact long-term sustainability. Additionally, keeping an eye on national economic policies and interest rates will be crucial for forecasting future market fluctuations.
