Baldur, 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 Baldur, Manitoba is currently experiencing steady growth. With a median house price of $500,000, the market has seen a year-over-year increase of 3.5%. This suggests a healthy demand for housing in the area which could be attributed to various factors including local economic conditions and demographic trends. Similarly, the apartment sector is also on the rise with a median price of $300,000, marking a 2.1% year-over-year growth. The population of Baldur has reached 15,000 residents and is growing at a robust rate of 7.1%, indicating potential for further expansion of the housing market.
Investment Opportunities and Potential
Given the current growth rates in both house and apartment prices, Baldur presents attractive investment opportunities for real estate investors. The consistent appreciation in property values suggests that investments made now have the potential for capital gains in the medium to long term. Additionally, the population growth rate far exceeds national averages, which may lead to increased demand for rental properties. Investors might consider leveraging this aspect by investing in rental units or developing multi-family dwellings to cater to this expanding market.
Future Market Outlook
The future outlook for Baldur’s real estate market appears optimistic due to ongoing population growth and a trend of rising property values. If these trends continue, we can expect further increases in property prices and rental demand. It is important for potential investors to monitor key economic indicators such as employment rates, income levels, and regional developments that could impact these trends. However, based on current data, Baldur’s real estate market shows promise for continued prosperity and remains an attractive option for both homebuyers and investors alike.
