Ethelbert, 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 Ethelbert, Manitoba, the real estate market is currently experiencing steady growth. The median house price sits at $500,000, with a positive year-over-year trend of 3.5%. This indicates a healthy demand for housing in the area along with a growing market. Similarly, the median apartment price is reported to be $300,000, with a slightly lower year-over-year increase of 2.1%. This more modest growth in apartment prices suggests that the demand for multifamily units is stable but not increasing as rapidly as single-family homes.
Investment Opportunities and Potential
The investment potential in Ethelbert is promising due to the continuous population growth, which is currently at an impressive rate of 7.1%. This influx of residents could lead to increased demand for housing, both in purchase and rental markets. Investors may find opportunities in purchasing properties to cater to this growing population by offering rental options or by buying and holding properties as their value appreciates over time. Additionally, given the current trends, investing in single-family homes may offer a slightly higher capital appreciation potential than apartments.
Future Market Outlook
The future market outlook for Ethelbert remains positive. With a strong and growing population base, demand for housing is expected to continue rising. The consistent growth in property values indicates a market that has yet to reach its peak and suggests that there will be ongoing opportunities for price appreciation. Investors and homebuyers can have cautious optimism regarding the sustainability of current trends, assuming no major economic disruptions occur. The key will be to monitor the pace of population growth and corresponding infrastructure development, as these factors will be critical in maintaining the health of Ethelbert’s real estate market.
