Eddystone, 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 Eddystone, Manitoba is currently exhibiting steady growth. With a median house price of $500,000 and an annual appreciation trend of 3.5%, the housing market is demonstrating resilience and consistent upward movement. Similarly, the apartment sector shows a positive trajectory with a median price point of $300,000 and a year-over-year increase of 2.1%. This moderate growth pattern reflects a healthy demand for property in Eddystone.
Eddystone’s population of 15,000 has experienced a robust growth rate of 7.1%, indicating an expanding community that could further drive housing demand. The influx of residents suggests that the real estate market may continue to benefit from increased activity as newcomers seek housing options.
Investment Opportunities and Potential
The investment landscape in Eddystone presents promising opportunities, particularly for those looking to capitalize on the area’s population growth and stable price appreciation. The housing market offers potential for both capital gains and rental income, with single-family homes being particularly attractive due to their higher appreciation rate.
Apartments also represent a viable investment option, especially for investors aiming to cater to individuals or smaller households who might be attracted by lower entry prices and maintenance responsibilities compared to houses. Given the steady increase in apartment values, investors could see long-term benefits from both rental yields and asset appreciation.
Investors should also consider the implications of local economic factors and development projects that may influence property values. A thorough analysis of these elements can help identify strategically positioned properties expected to outperform the general market trends.
Future Market Outlook
The future outlook for Eddystone’s real estate market appears cautiously optimistic. Assuming current trends persist, we can anticipate continued growth in property values at a measured pace. The substantial population growth serves as a key indicator of sustained demand which is likely to underpin the real estate market’s stability moving forward.
However, it is crucial for investors and homebuyers alike to monitor economic conditions, interest rates, and local policies that may impact affordability and investment attraction. Staying informed on these factors will be essential for making strategic decisions in Eddystone’s evolving real estate landscape.
