Waterhen, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Waterhen, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This suggests a healthy demand for detached homes in the area. Similarly, the median apartment price has reached $300,000, with a slower yet positive year-over-year growth of 2.1%. These trends are indicative of a balanced market where both segments of housing – houses and apartments – are appreciating, but at a sustainable rate that does not suggest overheating.
Investment Opportunities and Potential
With the population of Waterhen standing at 15,000 and witnessing a robust growth rate of 7.1%, investment opportunities within the real estate sector appear promising. The population increase is likely to drive demand for housing further. Investors have the potential to capitalize on this growth by investing in residential properties that cater to various segments including families looking for single-family homes and professionals seeking apartments. Given the steady appreciation rates for both houses and apartments, long-term investments could yield substantial returns as the market continues to expand.
Future Market Outlook
The future real estate market outlook in Waterhen remains optimistic based on current trends and demographic indicators. The sustained population growth will likely continue to underpin demand for housing. Assuming no major economic disruptions, both the house and apartment markets should maintain their steady appreciation trajectory. However, investors and homebuyers should stay informed about local developments that could impact the market, such as changes in employment rates or significant infrastructural projects.
