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 in Hazelglen, Manitoba
In Hazelglen, Manitoba, the real estate market is currently demonstrating steady growth. The median house price stands at $500,000 with a positive year-over-year trend of 3.5%. This indicates a healthy demand for housing in the area and suggests that home values are increasing at a moderate pace. In comparison, the median apartment price is lower, positioned at $300,000, with a slightly more modest year-over-year increase of 2.1%. This disparity in growth rate between houses and apartments may be reflective of differing demands within the market segments or possibly a higher inventory in multi-family housing.
The population of Hazelglen has grown by an impressive 7.1%, which can be a contributing factor to the rising real estate demand. The influx of new residents typically generates increased demand for housing, both in purchase and rental markets, which can lead to upward pressure on property prices and rent levels.
Investment Opportunities and Potential in Hazelglen
Considering the robust population growth and positive property value trends, Hazelglen presents several attractive investment opportunities. Single-family homes appear to be a particularly promising segment due to their stronger growth trend. For investors looking to capitalize on asset appreciation, investing in residential properties might yield favorable returns given the current trajectory.
Furthermore, given that apartments are showing slower but consistent price increases, they could be perceived as a more affordable entry point for investors or offer potential as rental properties. As the population continues to grow, rental demand is likely to rise accordingly, potentially resulting in increased rental yields over time.
It’s important for investors to conduct thorough market research and consider factors such as neighborhood desirability, local employment rates, and infrastructure developments that could affect future property values.
Future Market Outlook for Hazelglen
The future market outlook for Hazelglen’s real estate appears optimistic. The steady growth in property values coupled with significant population expansion suggests ongoing demand for housing. If these trends continue along with economic stability within the region, it’s reasonable to expect that both house and apartment prices could maintain their upward trajectories.
Developers and investors should keep an eye on any changes in local policies or economic conditions that might impact the real estate market. Nonetheless, based on current data points and observed trends, Hazelglen’s real estate market offers promising potential for continued growth and investment opportunities looking forward.
It is essential for stakeholders to stay informed about local market conditions as they evolve to make strategic decisions aligned with future developments in Hazelglen’s dynamic real estate landscape.
