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Asinkaanumevatt, Manitoba Real Estate Market Data

Updated: Nov 2024

House

Median price $490,000
Monthly growth 1.5%
Quarterly trend 4.0%
Stock on market 0.7%

Apartment

Median price $320,000
Monthly growth 0.8%
Quarterly trend 2.5%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $490,000
4 bedrooms $580,000

Apartments

Bedrooms Median Price
1 bedrooms $260,000
2 bedrooms $340,000
3 bedrooms $450,000

Demographics

Current Population (2025) 15,200
Previous Population (2020) 14,500
Population Change 4.8%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Asinkaanumevatt, Manitoba Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Asinkaanumevatt, Manitoba is currently experiencing steady growth. With a median house price of CA$490,000 and an annual increase of 4%, the market demonstrates a healthy upward trend. Similarly, apartments are becoming more valuable with a median price of CA$320,000 and a year-over-year increase of 2.5%. This indicates a growing demand for housing in both segments.

The population growth of 4.8% is a key driver behind this demand. As more people move to Asinkaanumevatt, the subsequent rise in housing needs has contributed to the positive trajectory of property values. The consistent population increase suggests that this trend may continue as the area becomes more sought after.

Investment Opportunities and Potential

Given the current market trends, investment opportunities in Asinkaanumevatt look promising. The robust population growth coupled with rising house prices points to a strong potential for capital gains for those investing in residential properties. Both the single-family home segment and apartment sector offer attractive prospects, with houses showing a slightly higher appreciation rate.

Investors seeking long-term growth might consider single-family homes due to their higher appreciation rate, whereas those looking for more affordable entry points into the market might turn to apartments. Given the ongoing development and population influx, rental properties could also provide stable income streams and occupancy rates are likely to remain high.

Future Market Outlook

The future real estate market outlook for Asinkaanumevatt is optimistic. With continuous population growth and a steady increase in property values, the market is expected to maintain its upward trajectory. Assuming that economic conditions remain favorable and infrastructure investments follow suit, the local real estate market should remain robust.

However, potential investors and homeowners should monitor economic indicators such as employment rates, local industry performance, and interest rates which could impact affordability and mortgage accessibility. A balanced approach to development that includes both residential and commercial investment will be crucial for sustaining growth in Asinkaanumevatt’s real estate market.