Amaranth, 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 Amaranth, Manitoba currently presents a stable and growing environment. With a median house price sitting at $500,000 and experiencing a 3.5% year-over-year growth, the market is showing signs of healthy appreciation. Meanwhile, the median apartment price is set at $300,000, with a slightly lower growth trend of 2.1% year-over-year. This indicates that while the market for detached homes is more dynamic, the apartment sector offers steadiness which might be attractive to certain investors or homeowners.
The demographic trends support these market conditions with a notable population growth of 7.1%, suggesting increasing demand for residential properties in Amaranth. The influx of new residents can be attributed to various factors including the town’s economic prospects, quality of life, and investment in infrastructure.
Investment Opportunities and Potential
The steady growth in property values combined with significant population increase points towards ample investment opportunities in Amaranth’s real estate market. For investors looking for long-term capital growth, the housing sector appears promising due to its higher appreciation rate. Residential properties, particularly single-family homes, are likely to benefit from the ongoing demand driven by population expansion.
Apartments offer a different kind of potential: with a lower entry price point and consistent growth rate, they may appeal to investors seeking rental income or those looking for less expensive housing options in an expanding market. Additionally, as the population grows and diversifies, there could be an increased demand for varied types of housing including townhomes and semi-detached dwellings.
New developments and construction projects could also be on the horizon as the town accommodates its growing population, possibly creating opportunities for both residential and commercial real estate investments.
Future Market Outlook
The future market outlook for Amaranth, Manitoba is generally positive. If current trends continue — moderate yet steady property value increases coupled with robust population growth — we can anticipate ongoing healthy demand for housing. This should maintain upward pressure on property prices over the medium to long term.
However, potential investors should also consider external economic factors such as interest rates, employment levels within the region, and broader national economic trends that could impact local real estate markets.
In conclusion, Amaranth’s real estate market presents several attractive opportunities for investors and homebuyers alike. With careful analysis and strategic investment decisions based on current trends and future projections, stakeholders can look forward to a favorable real estate environment in this vibrant Manitoban community.
