Beausejour, 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 Beausejour, Manitoba is experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing sector demonstrates a positive trend. Similarly, apartments are following an upward trajectory with a median price of $300,000 and a growth rate of 2.1% year-over-year. These figures suggest that Beausejour’s real estate market is becoming increasingly valuable, making it a solid environment for both homeowners and investors.
The population growth of 7.1% is a significant factor contributing to the demand for housing in the area. This demographic expansion indicates a robust community development that could lead to increased demand for residential properties in the near future.
Investment Opportunities and Potential
In light of the current market conditions, investment opportunities in Beausejour are promising. The consistent rise in property values presents a potential for capital gains over the long term. Given the steady population growth, there is also an opportunity to invest in rental properties to cater to newcomers in the area who may be looking for temporary or long-term accommodation.
The housing market’s resilience, indicated by its steady year-over-year growth, offers reassurance to investors who are considering long-term commitments. Furthermore, with the apartment sector growing at a more modest pace of 2.1% annually, there may be opportunities for entry-level investments that could appeal to those seeking more affordable options.
Future Market Outlook
The future market outlook for Beausejour is optimistic given current trends and data. As the population continues to expand, demand for housing is expected to remain strong which should sustain property value increases. If these trends persist, Beausejour could see its real estate market continue on this upward path.
However, potential investors and homebuyers should consider factors such as local economic conditions, employment rates, and national economic policies that could affect interest rates and borrowing costs. Monitoring these indicators will be crucial for accurate forecasting and making informed decisions in this dynamic market.
