Aweme, 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 in Aweme, Manitoba
The real estate market of Aweme, Manitoba, currently presents stable growth as reflected in the median house price of $500,000, which has seen a 3.5% increase year-over-year. This increment indicates a healthy demand in the housing sector, likely driven by the town’s growing population which has surged by 7.1%. In contrast, the apartment sector is experiencing a more modest growth pattern with median prices at $300,000 and an annual appreciation trend of 2.1%. This difference suggests that while there is a steady interest in apartment living, houses are possibly more sought after among residents and new arrivals to the area.
Investment Opportunities and Potential in Aweme
The investment potential within Aweme’s real estate market is promising given its consistent growth. Investors can capitalize on the rising demand for housing due to the town’s expanding population. The higher year-over-year increase for houses compared to apartments could point towards a greater potential for capital gains in the single-family home market. However, apartments should not be overlooked as they represent an accessible entry point for first-time buyers and might appeal to investors looking for rental properties to cater to individuals or small families who prefer less maintenance and lower costs associated with apartment living.
Future Market Outlook for Aweme Real Estate
Aweme’s future real estate market outlook appears optimistic. The ongoing population growth of 7.1% suggests that there will continue to be an influx of people needing housing, potentially strengthening demand. Assuming no significant economic shifts or policy changes affecting homeownership cost, the current trends indicate that property values may continue their gradual rise. This projection is further supported by the existing positive trends in property price appreciation—3.5% for houses and 2.1% for apartments year-over-year—which signal sustained investor confidence and a robust housing market going forward.
In summary, Aweme’s real estate landscape offers a solid foundation for investment with reasonable expectations for continued growth. While single-family homes currently present stronger appreciation potential, apartments also hold merit as a stable investment avenue, particularly considering demographic trends favoring diverse housing needs.
