Deerwood, 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 current real estate market in Deerwood, Manitoba exhibits steady growth. With a median house price at $500,000, the market has experienced a year-over-year increase of 3.5%. This reflects a healthy demand for housing in the area. Similarly, the median apartment price stands at $300,000 and has seen a smaller yet consistent appreciation of 2.1% over the past year.
Deerwood’s population currently sits at 15,000 residents and has shown robust growth with a rate of 7.1%. This demographic trend underpins the rising demand for housing in the region and is a key factor contributing to the positive market conditions observed.
Investment Opportunities and Potential
The ongoing population growth in Deerwood presents significant investment opportunities, particularly in residential real estate. A strong population increase suggests that there will be continued demand for both buying and rental properties. The steady rise in property values indicates a market that offers potential capital gains for investors over the long term.
New developments and infrastructure projects may offer additional investment opportunities as the city expands to accommodate its growing population. Investors should also consider diversifying their portfolios with both houses and apartments to capture different segments of the market.
Future Market Outlook
The future real estate market outlook for Deerwood remains optimistic given the current trends and underlying fundamentals. Population growth is expected to sustain demand for housing, while economic factors such as employment rates and household incomes will play critical roles in shaping the market trajectory.
If Deerwood continues to attract new residents at its current pace, it is likely that property prices will keep trending upwards, though it is essential to monitor local developments closely. Investors are encouraged to stay informed on municipal planning decisions, as these could significantly influence property values and rental demand.
In conclusion, Deerwood’s real estate market offers promising opportunities for investors backed by positive trends in population growth and steady property value appreciation. However, careful consideration of future economic conditions and community developments is essential when making investment decisions.
