Carberry, 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 Carberry, Manitoba, currently presents a stable environment for both buyers and sellers. The median house price stands at $500,000, showing a moderate year-over-year increase of 3.5%. This growth rate indicates a healthy demand in the housing sector, which is likely supporting steady appreciation in property values.
Apartments in Carberry are somewhat more affordable with the median price at $300,000, reflecting a slightly slower growth rate of 2.1% year-over-year. This suggests that while the apartment market is growing, it’s at a more tempered pace compared to houses. The different growth rates between houses and apartments may indicate diverging trends within sub-markets of Carberry’s real estate landscape.
Investment Opportunities and Potential
Given the steady growth in housing prices and a significant population increase of 7.1%, Carberry’s real estate market holds promising investment potential. Investors might be encouraged by the relatively high population growth which could lead to increased rental demand, particularly for apartments, as they are the more affordable option.
The current stability and upward trend in house prices suggest that investing in residential property could yield capital gains over time. However, investors should also consider diversifying their portfolios to include apartments due to their lower entry price point and potential appeal to a broader demographic segment.
Future Market Outlook
The future outlook for Carberry’s real estate market appears cautiously optimistic. The ongoing population growth will likely continue to support demand for housing. Additionally, with a consistent upward trend in property prices, albeit at sustainable rates, Carberry does not exhibit signs of overheating which bodes well for long-term market health.
Assuming current economic conditions persist—such as interest rates and employment levels—Carberry’s real estate market should maintain its trajectory of steady growth. Prospective buyers and investors can be reasonably confident in the local market’s resilience and potential for continued appreciation in property values.
