Ashville, 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 Ashville, Manitoba is currently experiencing a steady growth trajectory. With a median house price of $500,000, the local housing market has seen an increase of 3.5% year-over-year. This points to a healthy demand for single-family homes. Meanwhile, the median apartment price stands at $300,000, which is also on the rise with a 2.1% year-over-year trend. The population growth of 7.1% indicates that Ashville is becoming an increasingly popular location for new residents, potentially driven by factors such as employment opportunities, lifestyle offerings, or regional investments.
Investment Opportunities and Potential
The steady growth in both the housing and apartment sectors suggests that Ashville offers promising investment opportunities. For investors looking for long-term capital gains, purchasing single-family homes might be especially appealing due to the higher growth rate in this segment. Rental properties could also be lucrative given the population increase; there is likely a growing demand for rental accommodations among those who are not yet ready or able to buy property. The positive growth trends coupled with the significant population increase point towards a strong and expanding rental market.
Future Market Outlook
The outlook for Ashville’s real estate market appears optimistic. Continued population growth at a rate of 7.1% will likely sustain the demand for both owned and rented properties. Assuming economic conditions remain favorable and current trends continue, we can expect further increases in property values across all sectors of the market. Investors should monitor variables such as interest rates, employment rates, and regional economic development initiatives as these will impact future market conditions and investment potential.
