Fannystelle, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $490,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
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 | $420,000 |
| 3 bedrooms | $490,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,500 |
| Population Change | 4.8% |
| 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
As of the latest data, the real estate market in Fannystelle, Manitoba is experiencing a period of steady growth. The median house price in the area stands at $490,000, reflecting a year-over-year increase of 4.2%. This trend indicates a healthy and growing market that is attracting interest from homebuyers and investors alike. In contrast, apartment properties have seen a slightly lower growth rate, with the median apartment price reaching $295,000 and a more modest year-over-year trend of 2.5%. This differential in growth rates suggests that houses are currently in higher demand compared to apartments.
Investment Opportunities and Potential
The investment opportunities within Fannystelle’s real estate market are promising due to the observed trends. The consistent rise in house prices could signal a robust return on investment for those looking to purchase residential properties for long-term appreciation. Apartments offer a more affordable entry point into the market and may be particularly appealing to investors seeking rental properties, given the steady population growth of 4.8%. As the community expands, there will likely be an increased demand for rental accommodations, thus providing potential for solid rental yields in addition to capital appreciation.
Future Market Outlook
The future outlook for Fannystelle’s real estate market appears optimistic. With the population having grown by 4.8%, demand for housing is expected to continue rising, which could lead to further price increases if supply does not keep pace. The current positive trends in both house and apartment prices suggest that this is an opportune time for investors to enter the market or for existing property owners to hold onto their assets in anticipation of continued appreciation. However, as with any investment, it is crucial to monitor economic indicators and local developments that could affect market dynamics.
