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 (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 Angusville, Manitoba is currently experiencing a steady increase in property values. The median house price stands at $500,000 with a year-over-year growth of 3.5%. This indicates a stable market that is slightly outpacing inflation, suggesting that homeowners are seeing modest appreciation in their real estate investments. On the other hand, the median apartment price is set at $300,000 with a slower growth rate of 2.1% over the same period. The disparity between house and apartment price trends suggests that detached homes might be more sought after in this market, potentially due to consumer preferences or a shortage of single-family homes.
Investment Opportunities and Potential
With a solid population growth of 7.1%, Angusville is on an upward trajectory that can lead to increased demand for housing. This demographic expansion presents significant investment opportunities, especially in affordable housing segments such as apartments and starter homes. Given the lower price increase in apartments, investors may find these properties more accessible and ripe for long-term appreciation as demand continues to grow alongside the population.
Moreover, the current trends indicate that investing in single-family homes could also be advantageous due to their higher appreciation rate. However, investors should consider the higher entry cost and evaluate if the potential returns align with their investment strategies.
Future Market Outlook
The future real estate market outlook for Angusville appears promising. Considering the robust population growth combined with steady increases in property values, it is reasonable to anticipate continued demand for housing which may lead to further price appreciation. Nevertheless, potential investors and homeowners should keep an eye on economic indicators such as employment rates, interest rates, and local development projects which could impact market conditions.
As long as Angusville’s economy remains stable and supports its growing population, the real estate market is likely to remain resilient. However, prospective buyers and investors should conduct thorough due diligence and consider both macroeconomic factors and local market nuances before making any financial commitments.
