Clandeboye, 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 Clandeboye, Manitoba currently presents a stable growth trend. With a median house price of $500,000, the market has experienced a year-over-year increase of 3.5%. This indicates steady demand and a healthy market for single-family homes. Additionally, the median apartment price is set at $300,000, with a slightly lower growth rate of 2.1% year-over-year. These figures suggest that while apartments are gaining value, the demand for more spacious living options such as houses is driving stronger price appreciation.
The population of Clandeboye has grown to 15,000 residents, reflecting a significant growth rate of 7.1%. This demographic expansion is supportive of the real estate market as it often leads to increased demand for housing.
Investment Opportunities and Potential
Investors considering the Clandeboye area should note the solid growth in both housing and apartment sectors. The consistent rise in property values indicates an underlying strength in the local real estate market, which could be promising for long-term investments. The stronger performance of houses compared to apartments suggests that investing in single-family homes could yield higher capital gains over time.
The population growth rate is also a critical factor for investors to consider. At 7.1%, it exceeds the national average and points towards an expanding local economy and possibly increased housing demand in the future. As such, there may be opportunities to invest in new residential developments or renovate existing properties to cater to the growing population.
Future Market Outlook
The outlook for Clandeboye’s real estate market remains positive given current trends and underlying demographics. Assuming steady economic conditions and continued population growth, the demand for housing is likely to persist, potentially leading to further appreciation in property values across all segments.
However, investors should remain aware of broader economic factors that could affect the market, such as interest rates or employment trends within Manitoba and Canada as a whole. Careful monitoring of these elements will be essential to accurately predict future movements in the Clandeboye real estate market.
