Dunnottar, 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 Dunnottar, Manitoba is currently experiencing a steady growth in property values. The median house price stands at $500,000, reflecting a 3.5% year-over-year increase. This suggests a healthy demand for single-family homes. Similarly, the apartment sector has seen its median price reach $300,000, with a more modest yet consistent growth rate of 2.1% year-over-year. The population of Dunnottar has grown to 15,000 residents, indicating a significant population growth rate of 7.1%. This demographic trend is likely contributing to the demand for housing and supporting the observed appreciation in property values.
Investment Opportunities and Potential
Given the current market conditions and demographic trends, Dunnottar presents several attractive investment opportunities. The steady increase in house prices indicates room for capital gains for those investing in residential properties. With an ongoing population growth, rental properties are also likely to be in higher demand, potentially yielding favorable rental income returns for investors. The consistent growth in the apartment sector further highlights potential for multi-family property investments. Investors should also consider the long-term implications of sustained population increases on local infrastructure and service demands, which could open opportunities in commercial real estate development.
Future Market Outlook
The future market outlook for Dunnottar’s real estate remains positive, buoyed by robust population growth and sustained property value appreciation. Assuming no major economic disruptions, these trends are expected to continue into the foreseeable future. Investors can anticipate ongoing opportunities for both capital appreciation and rental income. However, potential investors should monitor key factors such as interest rates, employment levels, and regional economic developments that could impact property values and market dynamics. A careful analysis of such factors will be critical in making informed investment decisions in Dunnottar’s real estate market.
