Easterville, 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 Easterville, Manitoba, is currently experiencing steady growth. The median house price stands at $500,000, marking a year-over-year increase of 3.5%. This suggests a healthy demand for detached homes in the area, likely driven by both local factors and broader provincial economic conditions.
Similarly, the apartment sector has seen growth, albeit at a slightly slower pace. The median apartment price in Easterville is $300,000, with a year-over-year trend showing a 2.1% increase. This is indicative of sustained interest in more affordable and lower-maintenance living spaces, which can appeal to first-time homebuyers and smaller households.
The population of Easterville has risen to 15,000, with a robust population growth rate of 7.1%. Such demographic trends are typically positive for real estate markets, as they can lead to increased housing demand and potential development opportunities.
Investment Opportunities and Potential
The upward trajectory in housing prices coupled with significant population growth presents numerous investment opportunities in Easterville. Properties within the median house price range of $500,000 are likely to be attractive for families looking for residential homes, suggesting that investments in single-family units could yield favorable returns as the demand continues to rise.
Apartments also present an appealing option for investors targeting rental income streams or seeking to cater to first-time buyers. With the current growth trend in apartment prices at 2.1%, investors may find this market segment to be stable with long-term appreciation potential.
In addition to residential properties, the growing population may also drive demand for retail spaces, service-oriented businesses, and infrastructure development. As such, commercial investments could benefit from the expanding consumer base within the community.
Future Market Outlook
The future market outlook for Easterville remains optimistic based on current trends and data. The steady increase in property values indicates a market that is likely to continue growing at a moderate pace. Assuming no major economic disruptions occur regionally or nationally, both housing and apartment markets should maintain their upward momentum.
The strong population growth rate of 7.1% will likely continue to be the driving force behind housing demand in Easterville. As long as the local economy supports job creation and household formation, it can be expected that this demand will sustain or even accelerate property value appreciation over time.
Investors should monitor local development plans and demographic shifts closely as these factors will play crucial roles in shaping the future landscape of Easterville’s real estate market. Staying informed will enable stakeholders to make strategic decisions and capitalize on emerging opportunities within this burgeoning market.
