Ashern, 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 Ashern, Manitoba currently presents a steady growth pattern as indicated by the median house price of $500,000, which has seen a year-over-year increase of 3.5%. Similarly, the apartment sector is also experiencing growth with a median price of $300,000 and an annual appreciation trend of 2.1%. This suggests a balanced and healthy market that is steadily appreciating in value.
The population of Ashern stands at 15,000 residents with a significant growth rate of 7.1%. This rapid population increase is likely contributing to the demand for housing and can be seen as a driving force behind the consistent appreciation in property values.
Investment Opportunities and Potential
The positive trends in Ashern’s real estate market coupled with the growing population point towards promising investment opportunities. The consistent increase in property values indicates that investing in residential properties could yield profitable returns over time. For investors looking for long-term growth potential, single-family homes might be particularly appealing due to their higher year-over-year appreciation rate.
Apartments offer a slightly lower, yet stable appreciation trend and could be an attractive option for those interested in entering the market at a lower price point or seeking to invest in rental properties that cater to individuals or smaller households.
Future Market Outlook
The future outlook for Ashern’s real estate market appears optimistic based on current data and trends. Assuming the continuation of the current economic conditions and population growth trajectory, one can expect ongoing demand for housing which may sustain or potentially increase the current rate of price appreciation.
However, prospective investors and homeowners should remain vigilant regarding national economic indicators such as interest rates, employment rates, and inflation as these factors can influence local real estate dynamics. It is advisable for stakeholders to conduct thorough due diligence and consider both macroeconomic factors and local market specifics when making real estate decisions in Ashern.
