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 experiencing a notable growth phase. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the residential sector is showing healthy and stable growth. Similarly, apartments are following an upward trend, with a median price set at $300,000 and an increase of 2.1% year-over-year. These trends indicate a competitive market that continues to attract homebuyers and investors alike.
The population of Eddystone stands at 15,000 and has seen a robust growth of 7.1%. This demographic expansion underpins the increasing demand for housing in the region, as more individuals and families are attracted to the area’s opportunities and lifestyle.
Investment Opportunities and Potential
Given the sustained population growth coupled with consistent appreciation in property values, Eddystone presents promising investment opportunities. Investors can expect a favorable return on investment due to the town’s growing demand for both rental and owner-occupied properties.
Residential properties offer attractive yields for those interested in long-term capital gains or rental income streams. The consistent increase in property values suggests that early investments could benefit from continued market momentum.
With apartments experiencing a slower yet steady price trend compared to houses, they represent an entry point for investors with smaller initial capital who wish to capitalize on the burgeoning rental market driven by population growth.
Future Market Outlook
The future market outlook for Eddystone remains optimistic. Current trends and statistics suggest that the real estate market will continue to grow in line with or possibly exceed recent rates of property value appreciation due to ongoing population increases.
The local economy’s health will remain a critical factor in sustaining real estate market growth. As long as economic conditions are conducive to job creation and wage growth, Eddystone’s real estate market should retain its upward trajectory.
In conclusion, both data analysis and observed trends signal that Eddystone is positioned for continued real estate success in the foreseeable future. Investors would be prudent to consider this area’s potential for robust returns on investment.
