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
1. Current Market Conditions and Trends
The real estate market in Ashern, Manitoba currently reflects a stable growth environment. The median house price stands at $500,000, with a positive growth trend of 3.5% year-over-year. This increment indicates a healthy demand for housing and a competitive market for potential homebuyers.
Similarly, the apartment sector is experiencing growth, albeit at a slightly lower rate with the median apartment price at $300,000 and an annual appreciation trend of 2.1%. This suggests that while apartments are gaining value, they are doing so at a more modest pace compared to houses, which could be indicative of differing demand dynamics between these property types within the region.
2. Investment Opportunities and Potential
The population of Ashern has shown significant growth with an increase of 7.1%, signaling a potentially expanding tenant base and consumer market for investors. This demographic trend can lead to increased demand for rental properties as well as commercial real estate developments.
Given the steady appreciation in property values, both residential and investment properties present promising opportunities. Investors looking to capitalize on the single-family home market can expect sustained value appreciation, while those interested in the apartment sector might find it an attractive option due to lower entry costs and the growing population’s need for rental options.
3. Future Market Outlook
The future real estate market outlook for Ashern remains optimistic based on current trends and data. Continued population growth will likely bolster housing demand, supporting further property value increases unless supply significantly ramps up to counterbalance this trend.
The consistent rise in property values suggests that Ashern is developing economically, which may attract further investments in infrastructure and community amenities. If this economic momentum is sustained or accelerated, Ashern’s real estate market could experience even greater growth rates in both residential and commercial sectors.
