Clearwater, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 2.8% |
| Stock on market | 0.8% |
Apartment
| Median price | $275,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $425,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 15,000 |
| Population Change | 1.3% |
| 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 moderate growth. With a median house price sitting at $485,000, the market has seen a year-over-year increase of 2.8%. This indicates a steady demand for housing in the area. The median apartment price is also on the rise at $275,000, with a slightly lower year-over-year trend of 1.5%. This suggests that while apartments are increasing in value, the pace is more conservative compared to houses.
The population of Clearwater has grown to 15,200, marking a growth rate of 1.33%. This steady increase in residents may contribute to sustained demand for housing in the near future.
Investment Opportunities and Potential
Given the current growth trends, investment opportunities within Clearwater’s real estate market appear promising. The continued appreciation of house and apartment values suggests that purchasing property could yield positive returns over time. Investors should note that houses are appreciating slightly faster than apartments, which might influence their decision depending on their investment strategy.
Apart from direct property investments, there may be potential in developing or investing in rental properties. The population growth signifies a rising demand for housing which could benefit landlords and real estate investors looking to expand their portfolios with rental units.
Future Market Outlook
The future outlook for Clearwater’s real estate market remains cautiously optimistic. Assuming consistent economic conditions and population growth rates, the market is likely to maintain its current trajectory of gradual appreciation. However, potential investors should be mindful of macroeconomic factors that could affect interest rates and lending conditions which may indirectly impact the real estate market.
In conclusion, while there are no immediate signs of explosive growth or downturns, the stability in market trends provides a level of predictability for buyers and sellers alike. Prospective investors should conduct thorough due diligence and consider both current trends and long-term projections before making any significant financial commitments in Clearwater’s real estate market.
