Beaconia, 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 Beaconia, Manitoba is currently experiencing a period of steady growth. With a median house price of $500,000 and an uptick of 3.5% year-over-year, the market reflects a stable demand for detached homes. Similarly, the apartment sector shows a consistent increase with a median price point of $300,000, trending up by 2.1% from the previous year. These figures suggest that Beaconia’s real estate market is in a healthy state, with both housing segments showing positive movement.
The population stands at 15,000 residents and has witnessed significant growth at a rate of 7.1%. This demographic expansion could be a driving force behind the sustained demand for housing in the region.
Investment Opportunities and Potential
Given Beaconia’s rising population and property values, the investment opportunities are promising, particularly for those looking to enter the market at an early stage of growth. The steady appreciation seen in both houses and apartments indicates that investments made now could yield appreciable returns over time. Investors may find particular potential in developing or purchasing rental properties to cater to the growing population or targeting mid-range housing that aligns with the median price trends.
Furthermore, the consistent upward trend in property values offers investors some reassurance of ongoing capital gains. It is important for potential investors to conduct thorough market research to identify specific neighborhoods or property types that may offer above-average growth prospects or rental yields.
Future Market Outlook
The future outlook for Beaconia’s real estate market appears optimistic based on current trends and demographic indicators. If the population continues to grow at its current pace, it is likely that demand for housing will remain strong, potentially pushing prices upward unless there is a proportional increase in housing supply.
However, investors and stakeholders should monitor external economic factors such as interest rates, employment rates in the region, and broader national economic trends which could impact buyer affordability and influence market dynamics. Additionally, due consideration should be given to potential policy changes affecting property taxes or land use regulations which could alter investment attractiveness.
In conclusion, while present conditions are favorable with healthy growth rates in property values and population size, vigilance is advised for those participating or considering entry into this market. Staying informed about local and national factors will be key to making sound investment decisions in Beaconia’s real estate landscape.