Vassar, 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 Vassar, Manitoba currently exhibits steady growth, with the median house price standing at $500,000, reflecting a year-over-year increase of 3.5%. This incremental rise points to a healthy demand for housing in the area, suggesting that Vassar maintains a robust market with moderate appreciation rates. Similarly, apartments are experiencing a positive trend with the median price at $300,000 and a year-over-year growth of 2.1%. The population of Vassar has reached 15,000, with an impressive growth rate of 7.1%, which may further boost housing demand due to new residents seeking accommodation.
Investment Opportunities and Potential
The consistent increase in property values combined with significant population growth positions Vassar as an attractive locale for real estate investment. The steady market expansion indicates that investments made in residential properties are likely to benefit from capital appreciation over time. Furthermore, the higher growth rate for house prices compared to apartments suggests that single-family homes could be particularly appealing investment assets. Investors might also consider the rental market potential given the population influx or explore opportunities in developing housing projects to cater to the growing demographic.
Future Market Outlook
The future real estate market outlook for Vassar is optimistic based on current trends and demographic data. Continued population growth at a rate of 7.1% is likely to sustain demand for housing, which may result in further property value increases unless there’s a significant rise in new construction to balance the market. Both economic factors and local developments should be monitored closely as they can influence future trends; however, if current patterns hold, Vassar’s real estate market could see ongoing upward momentum in both property valuations and investment opportunities.