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Alexander, Manitoba Real Estate Market Data

Updated: Nov 2024

House

Median price $485,000
Monthly growth 1.1%
Quarterly trend 3.2%
Stock on market 0.6%

Apartment

Median price $295,000
Monthly growth 0.8%
Quarterly trend 1.9%
Stock on market 1.0%

Prices by Number of Bedrooms

Houses

Bedrooms Median Price
2 bedrooms $420,000
3 bedrooms $485,000
4 bedrooms $580,000

Apartments

Bedrooms Median Price
1 bedrooms $240,000
2 bedrooms $330,000
3 bedrooms $420,000

Demographics

Current Population (2025) 15,500
Previous Population (2020) 15,000
Population Change 3.3%
Total Private Dwellings 6,200
Occupied Private Dwellings 5,700
Population Density (per km²) 1.6
Land Area (km²) 2,500.5

Market Analysis





Alexander, Manitoba Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Alexander, Manitoba is currently experiencing a steady increase in property values. With the median house price sitting at $485,000, the market has seen a growth of 3.2% over the past year. This indicates a healthy demand for residential homes in the area. Similarly, the median apartment price is $295,000, demonstrating a smaller yet positive trend of 1.9% year-over-year. These figures suggest that Alexander’s real estate market is consistent and exhibits stable growth.

The population of Alexander has also shown significant growth at a rate of 3.3%, which outpaces many other regions. This increase in residents can lead to a higher demand for housing, potentially putting upward pressure on home prices and reducing inventory levels.

Investment Opportunities and Potential

Given the consistent rise in property values and the growing population, Alexander presents attractive investment opportunities for both residential and rental properties. The stable appreciation rate for houses indicates that purchasing property in this market could be a sound long-term investment. Similarly, the demand for apartments may increase along with the population growth, suggesting that investing in multi-unit residential buildings could yield positive returns through rental income and potential capital gains.

Investors should consider the current market dynamics and the sustained growth pattern when evaluating Alexander’s potential for real estate investment. Properties situated in desirable neighborhoods or those offering unique amenities may command higher prices and attract long-term tenants.

Future Market Outlook

The outlook for Alexander’s real estate market remains promising based on current trends. As population growth continues to fuel demand for housing, there may be an ongoing upward trajectory in property values. However, investors must also remain aware of external economic factors such as interest rates and employment levels which can impact buyer affordability and influence market conditions.

Should the local economy continue to support job creation and maintain its attractiveness to new residents, it is likely that Alexander will sustain its current path of real estate growth. Prospective buyers and investors are advised to monitor market indicators closely to make informed decisions about entering or expanding their presence in this market.