Arden, 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 Arden, Manitoba currently presents stable growth for both houses and apartments. With a median house price of $500,000 and an appreciable year-over-year increase of 3.5%, the housing market is showing healthy signs of progress. Similarly, the median apartment price stands at $300,000 which has seen a more moderate growth rate of 2.1% over the past year.
This steady climb in property values aligns with the demographic expansion of Arden’s population, which has grown by 7.1%. Such population growth can be indicative of a vibrant local economy and an increased demand for housing. The current trends suggest that the real estate market is responding positively to this demand, maintaining a balance between affordability and investment attractiveness.
Investment Opportunities and Potential
Investors looking at Arden will find potential in both the single-family home sector and the apartment market. Given the consistent appreciation in property values, long-term investment strategies could yield substantial returns. The 3.5% increase in house prices suggests that investing in residential properties could be promising, especially if this trend continues or accelerates.
Apartments offer a different kind of opportunity; with a smaller year-over-year increase of 2.1%, they represent a more accessible entry point for investors. Additionally, as the population continues to grow, there will likely be an increasing demand for rental properties, making apartment investments potentially lucrative through rental income as well as capital appreciation.
Future Market Outlook
The future market outlook for Arden’s real estate appears optimistic. If the population continues to grow at its current rate of 7.1%, one can anticipate ongoing demand for housing which should sustain property value increases unless there is a significant change in local economic conditions or housing supply.
The steady growth pattern seen in recent years provides confidence but also warrants caution for those considering entering the market; while current trends are positive, investors should remain vigilant about factors such as interest rates, employment rates, and regional economic developments which could influence future market conditions.
In conclusion, Arden’s real estate market holds promise based on current data trends. However, as with any investment decision, potential buyers and investors should conduct thorough research and consider seeking advice from financial advisors or local real estate experts.
