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 (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
The real estate market in Arden, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, with a positive trend of 3.5% year-over-year. This indicates a healthy demand for single-family homes in the area. Apartments are also showing an upward trend with a median price of $300,000 and a growth rate of 2.1% from the previous year. This suggests that both housing sectors are appreciating, albeit at different rates.
The population of Arden has reached 15,000 individuals and is growing at a rate of 7.1%. This significant increase in residents is likely contributing to the demand for housing and the concurrent rise in property values.
2. Investment Opportunities and Potential
With the observed trends in property value increases and consistent population growth, Arden presents several attractive investment opportunities. The steady appreciation rate for houses may interest investors looking for long-term capital gains in the residential market.
Apartments offer a slightly lower appreciation rate but remain an enticing option due to their affordability and appeal to smaller households or renters. The growing population could also indicate a potential rise in rental demand, suggesting that rental properties may offer good returns on investment.
Investors should consider the current growth trajectories and demographic developments when evaluating investment opportunities in Arden’s real estate market.
3. Future Market Outlook
The future outlook for Arden’s real estate market remains optimistic based on current data. Continued population growth is expected to sustain demand for housing, which could potentially drive further increases in property values.
If current trends persist, it is reasonable to anticipate ongoing moderate appreciation in house prices, maintaining Arden as an attractive location for both homebuyers and investors. Similarly, apartments should continue to see value appreciation, though potentially at a more modest pace than houses.
In conclusion, the combination of a growing population and consistent property value appreciation positions Arden’s real estate market favorably for the foreseeable future. Stakeholders are encouraged to monitor market conditions closely as new developments can influence these projections.
