Clanwilliam, 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 Clanwilliam, Manitoba is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the market is showing consistent upward momentum. Similarly, the median apartment price stands at $300,000 with a slightly lower but still positive year-over-year increase of 2.1%. These trends indicate a healthy demand for housing in the area.
The population of Clanwilliam has seen a significant rise, with a growth rate of 7.1%. This influx of residents may be contributing to the growing demand for housing and can be seen as a driving factor behind the property value increases. The balanced growth in both the house and apartment sectors suggests that the market is accessible to a range of buyers, including families looking for more spacious accommodations and individuals or smaller households seeking apartments.
Investment Opportunities and Potential
With the ongoing population increase and stable price appreciation, Clanwilliam presents several attractive opportunities for real estate investors. The consistent growth in median house and apartment prices indicates a market with reliable investment potential. Investors focusing on long-term capital gains could benefit from purchasing residential properties to cater to the rising demand driven by population growth.
Furthermore, given that housing prices are on an upward trajectory but not exorbitantly high, there may be opportunities for investors to enter the market before prices potentially escalate further. Rental properties could also be a viable investment avenue as new residents may look for temporary or long-term rental solutions before purchasing homes.
Future Market Outlook
Looking forward, the real estate market in Clanwilliam is poised for continued growth. The robust population increase suggests sustained demand for housing, which could maintain or even increase current appreciation rates. As long as economic conditions remain favorable and the influx of new residents continues, both homebuyers and investors can expect a stable market with potential for profit.
However, it’s important to monitor local economic developments and infrastructure investments which could impact future property values. Government policies regarding development and interest rates will also play crucial roles in shaping the trajectory of Clanwilliam’s real estate market.
In conclusion, Clanwilliam’s real estate market shows promising signs for both homeowners looking to build equity and investors seeking profitable opportunities. By staying informed about local trends and broader economic factors, stakeholders can make strategic decisions to capitalize on Clanwilliam’s growing real estate landscape.
