Eriksdale, 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 Eriksdale, Manitoba is currently experiencing moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady rise in property values in the area, reflecting healthy demand within the local housing market.
The apartment sector is also showing positive momentum, though at a slightly slower pace, with the median apartment price at $300,000 and an annual appreciation rate of 2.1%. This difference in growth rates between houses and apartments may signify a stronger preference for single-family homes within this market.
The population of Eriksdale has reached 15,000 residents, with a robust growth rate of 7.1%. This influx is likely contributing to the sustained demand for housing in the region.
Investment Opportunities and Potential
Eriksdale’s consistent population growth coupled with positive property price trends presents attractive investment opportunities. The steady increase in housing prices suggests that purchasing real estate in this area has the potential for capital gains over time. Investors should consider both residential homes and apartments, as the demand appears to be well-distributed across different types of housing.
Given the current growth trajectory, long-term investments might be particularly promising. Rental properties could also be a viable option due to the increasing population, potentially leading to a higher demand for rental units. However, investors are advised to conduct thorough market research and consider local economic factors before making any commitments.
Future Market Outlook
The future real estate market outlook for Eriksdale remains optimistic. Population growth is one of the primary drivers of housing demand, and given that Eriksdale’s population has been expanding notably, it can be expected that this will continue to bolster the housing market.
If current trends persist, both median house and apartment prices are likely to maintain their upward trajectory, although it is important to monitor local economic developments and national policies that could impact interest rates or mortgage availability.
In conclusion, while no investment is without risk, Eriksdale presents promising conditions for those considering entering its real estate market. Continued vigilance on market indicators and external economic factors will be crucial for maximizing investment outcomes.
