Edrans, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $410,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| 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 Edrans, Manitoba is currently experiencing steady growth. With a median house price of $485,000, the market has seen a year-over-year increase of 4%. This suggests a healthy demand for single-family homes. Likewise, apartments are also showing growth, though at a more modest rate of 2.5% year-over-year, with a median price of $295,000. These trends indicate a balanced market that is attractive to both homeowners and investors.
The population of Edrans stands at 15,500, with an above-average growth rate of 3.3%. This growth can be attributed to the town’s increasing popularity as a place to live, likely driven by its affordability compared to larger urban centers and its appeal to families and young professionals alike.
Investment Opportunities and Potential
Considering the continuous population growth and steady appreciation in property values, Edrans offers promising investment opportunities. The consistent increase in housing prices reflects ongoing demand and suggests potential for capital gains over the long term.
Investors looking into the apartment sector will find lower entry points with the median apartment price at $295,000. The slower growth rate in this segment could signal a buyer’s market, providing investors with negotiation leverage and the opportunity to secure properties that may yield attractive rental income as the population continues to expand.
Future Market Outlook
The future market outlook for Edrans remains optimistic. The combination of solid population growth and sustained property value increases provides a strong foundation for both the short-term stability and long-term prosperity of the real estate market. As long as these trends continue, alongside favorable economic conditions, Edrans is poised for further development and investment attraction.
In summary, Edrans presents an appealing market for potential homebuyers and investors alike. The key indicators suggest ongoing growth and stability, making it an area worthy of consideration for those looking to enter or expand within the Manitoba real estate market.
