Blumenort, 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
Blumenort, Manitoba’s real estate market is currently experiencing steady growth. The median house price in the region stands at $500,000, which represents a year-over-year increase of 3.5%. This suggests a healthy demand for housing, likely driven by the region’s strong economic fundamentals and quality of life that attracts homebuyers. Similarly, the apartment market has also seen an upward trend with a median price of $300,000 and an annual appreciation of 2.1%. The incremental growth in apartment prices indicates a consistent but more conservative investment preference or possibly a reflection of a stronger market for single-family homes.
Investment Opportunities and Potential
Blumenort presents several attractive opportunities for real estate investors. Given the 7.1% population growth, there is potential for both capital appreciation and rental demand to remain strong in the foreseeable future. Single-family homes, with their higher year-over-year price increase, suggest robust resale value potential and could be particularly appealing for long-term investment strategies. On the other hand, apartments offer a more accessible entry point into the property market with steady appreciation rates that could appeal to first-time investors or those looking for lower-maintenance properties.
Future Market Outlook
The future outlook for Blumenort’s real estate market appears positive. The area’s significant population growth of 7.1% signals ongoing demand for housing. If this trend continues, it could lead to increased pressure on the housing supply, potentially driving prices up further over time. However, it’s important to monitor local developments like economic drivers, infrastructure projects, and zoning law changes as these factors can significantly impact future market conditions. Nonetheless, based on current trends and demographic growth patterns, Blumenort remains an attractive market for both homeownership and real estate investment.
