Baldur, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.4% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| 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 | $320,000 |
| 3 bedrooms | $400,000 |
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
Current Market Conditions and Trends
In Baldur, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $485,000, which marks a 3.4% year-over-year increase. This growth rate indicates a healthy market that is not overheating but still provides homeowners with appreciating asset values. Meanwhile, the median apartment price is slightly more modest at $290,000, having experienced a 2.5% year-over-year increase. These figures suggest a stable market for both houses and apartments.
The population of Baldur has also seen significant growth, with an increase of 3.3%. This demographic shift signals a rising demand for housing in the area and can contribute to sustained property value appreciation over time.
Investment Opportunities and Potential
The current trends in Baldur’s real estate market present numerous opportunities for investment. The consistent rise in property values indicates a robust market where investments can be expected to grow steadily in value. With house prices increasing at a moderate pace, investors could potentially see long-term capital gains from purchasing residential properties now.
Apartments, with their lower median price point and growth rate, offer an alternative investment opportunity. They may appeal to those seeking to enter the housing market at a more affordable level or looking for rental income properties. Given the population growth and the consequent demand for housing, rental properties could provide investors with consistent cash flow.
Future Market Outlook
The future outlook for Baldur’s real estate market remains positive given current trends and data. The steady growth in property values is likely to continue as long as the population keeps rising at its current rate. The town’s real estate should remain attractive to homebuyers and investors alike due to its affordability compared to larger urban centers.
As the local economy adapts to accommodate the growing population, one might expect an influx of services and businesses that could further enhance property values. However, prospective investors should keep an eye on economic factors and market indicators such as interest rates and unemployment rates as they can significantly affect market conditions.
