Angusville, 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
1. Current Market Conditions and Trends
In Angusville, Manitoba, the real estate market is currently experiencing a steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This consistent uptick in housing prices indicates a stable market with sustained demand. Meanwhile, the median apartment price is at $300,000, showing a slightly more modest year-over-year growth of 2.1%. This variance in growth rates may reflect a higher demand for single-family homes compared to apartments.
The population of Angusville has reached approximately 15,000 residents and has seen a robust growth rate of 7.1%, which is significantly higher than the national average. This influx of new residents likely contributes to the steady demand in the housing market and can be attributed to economic opportunities or lifestyle factors that are attracting people to the area.
2. Investment Opportunities and Potential
Given the current market trends and population growth, Angusville presents several promising investment opportunities. The incremental rise in property values offers potential for capital gains over time. Single-family homes, in particular, pose an attractive option for investors looking for long-term appreciation given their stronger pricing trend.
The apartment sector’s lower growth rate suggests potential for investors interested in income-generating properties through rentals. With the population increase, there will likely be heightened demand for rental units, which could drive up rental prices and yield favorable returns on investment.
Investors should also consider emerging neighborhoods and developments within Angusville that might benefit from infrastructure improvements or commercial expansion as these areas may offer properties with greater appreciation potential.
3. Future Market Outlook
The future outlook for Angusville’s real estate market appears positive. If current trends continue, we can anticipate further gradual increases in property values across both houses and apartments. The substantial population growth serves as a key indicator that the demand for housing will persist, supporting both resale values and rental market strength.
However, potential investors and homeowners should stay informed about any economic changes at the local or national level that could affect interest rates or employment patterns, as these factors can have direct implications on housing affordability and market dynamics.
In summary, while no market is without its risks, Angusville’s real estate outlook is promising based on current data. Continued monitoring of economic indicators and staying abreast of local developments will be essential for making informed investment decisions in this dynamic market.
