Hazelglen, 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 Hazelglen, Manitoba currently presents a robust growth trend characterized by increases in property values. The median house price in the area stands at $500,000, with a year-over-year price appreciation of 3.5%. This suggests a steady demand for single-family homes, indicating a healthy residential market.
In contrast, apartments in Hazelglen show a slower growth trend, with the median price at $300,000 and an annual appreciation rate of 2.1%. While this is lower than the growth rate for houses, it still points to an upward trajectory in the apartment sector.
The population of Hazelglen has reached 15,000 people – experiencing a significant growth rate of 7.1%. This population increase is likely contributing to the demand for housing and supporting the rising property values seen across the region.
Investment Opportunities and Potential
Given the current market trends, investment opportunities in Hazelglen are promising. The steady increase in property values suggests that investments in residential real estate could yield profitable returns over time. Single-family homes appear to be particularly attractive due to their higher growth rate.
However, apartments should not be overlooked as an investment option. With a population surge of 7.1%, there is potential for increased demand for rental properties, which could benefit investors looking at multi-family dwellings or apartment complexes.
Additionally, the ongoing population growth implies that there may be opportunities for new development projects to meet the housing needs of the expanding community.
Future Market Outlook
Looking ahead, the future market outlook for Hazelglen remains optimistic. Given the solid year-over-year growth rates for both houses and apartments and significant population expansion, it’s reasonable to anticipate continued appreciation in property values.
The sustained rise in population suggests that demand for housing will persist. Provided economic conditions remain stable and interest rates do not rise significantly to dampen buyer enthusiasm, Hazelglen’s real estate market is poised for ongoing growth.
Investors and potential homeowners should monitor local economic drivers and infrastructure developments as these factors will also play critical roles in shaping the future landscape of Hazelglen’s real estate market.
