Clearwater, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Clearwater, Manitoba is currently experiencing steady growth. With a median house price of $485,000 and a year-over-year increase of 4.2%, the market shows healthy appreciation rates that reflect the ongoing demand for single-family homes. Similarly, the median apartment price stands at $295,000, with a moderate growth trend of 2.5% over the past year. These trends indicate a balanced market that has been able to sustain consistent growth without showing signs of overheating.
The population of Clearwater has grown by 3.3%, suggesting an influx of new residents and potential homebuyers. This demographic expansion can be attributed to factors such as the town’s economic development, quality of life, and employment opportunities, which are likely driving the housing demand and contributing to the upward pressure on property prices.
Investment Opportunities and Potential
For investors looking at Clearwater’s real estate market, there is potential for both short-term gains through property flipping and long-term investment through rental properties. The steady increase in property values across both houses and apartments indicates that investments made now could yield solid returns as the market continues to grow. Moreover, the population growth suggests that rental demand should remain strong, providing good occupancy rates for those considering buy-to-let investments.
Given that apartment prices are growing at a slightly slower rate than houses, there may be an opportunity for investors to enter the market at a lower price point while still taking advantage of the overall positive trend in property values. Additionally, with a relatively affordable median apartment price compared to larger urban centers, Clearwater presents an attractive entry point for first-time investors.
Future Market Outlook
The future market outlook for Clearwater appears promising. The combination of steady population growth and consistent property value appreciation suggests that the real estate market will remain robust in the near to medium term. However, as with any investment, potential changes in economic conditions or local developments should be monitored closely as they can impact market dynamics.
Assuming current trends continue, investors and homebuyers can expect a stable environment with ongoing opportunities for growth. Prospective buyers might look to capitalize on current conditions before any potential upward shifts in pricing occur due to further tightening of supply or increased migration into the area.
In summary, Clearwater’s real estate market presents several attractive options for both residential buyers and investors. With careful consideration of local trends and mindful investment strategies, stakeholders can look forward to positive outcomes in this active Manitoban community.
