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 (2025) | 15,000 |
| Previous Population (2020) | 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 growth pattern. The median house price stands at $500,000, which has seen a year-over-year increase of 3.5%. This indicates a healthy upward trend without the volatility that can characterize more aggressive markets. Apartments, on the other hand, are slightly more accessible with a median price of $300,000 and have experienced a slightly lower growth rate of 2.1% over the past year.
The population of Amaranth has reached approximately 15,000 residents, with a robust growth rate of 7.1%. This demographic expansion is a positive sign for sustained demand in the housing market. The combination of steady price appreciation and population growth suggests that the market is experiencing balanced development without signs of overheating or bubbles forming.
Investment Opportunities and Potential
In terms of investment potential, both residential properties and apartments in Amaranth offer attractive opportunities. For investors looking to purchase property for rental income or long-term capital appreciation, the consistent growth in property values coupled with significant population increases positions Amaranth as an appealing option.
The market’s steady performance could be particularly beneficial for first-time investors who might be seeking lower-risk investments. The ongoing demand for housing should continue to drive rental yields positively. Additionally, the more moderate appreciation rate of apartment prices could present an entry point for those looking to invest in multi-family units or convert them into rental properties.
Future Market Outlook
The future outlook for Amaranth’s real estate market appears cautiously optimistic. With solid foundations such as continuous population growth and controlled property value increases, the market is set up for sustainable expansion going forward. Assuming no major economic shifts occur regionally or nationally that could significantly impact local conditions, investors and homeowners in Amaranth can likely expect continued moderate growth.
Given these factors, it would not be surprising to see ongoing interest from both local buyers and external investors seeking to capitalize on Amaranth’s growing real estate market. However, as with any investment decision, potential stakeholders should keep abreast of changes in economic indicators and regional developments that might affect the market’s trajectory.
