Fannystelle, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,800 |
| Population Change | 2.7% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,800 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Fannystelle, Manitoba, currently exhibits steady growth. The median house price stands at $485,000, with a year-over-year increase of 3.2%. This suggests a healthy demand for single-family homes in the area. In contrast, apartments are more modestly priced at a median of $295,000, showing a smaller annual uptick of 1.9%. These figures indicate that the market is experiencing consistent but sustainable growth, steering clear of the volatility seen in other regions.
Investment Opportunities and Potential
The investment landscape in Fannystelle presents opportunities for both residential and rental properties. The solid growth in house prices hints at a reliable appreciation for long-term investors focusing on equity gains. Rental properties may also be attractive due to the increasing population, which has grown by 2.7% recently. With a population of 15,200, there is potential for both rental yield and capital appreciation, particularly in the apartment sector where price growth is steady but slower compared to houses.
Future Market Outlook
Looking ahead, the Fannystelle real estate market is poised for continued growth. The population increase suggests an ongoing demand for housing which could sustain current price trends. Assuming no major economic disruptions occur, the market’s trajectory appears stable with potential for further expansion. Investors and homebuyers might view this as a sign of confidence to engage with the market either through property acquisition or development projects.
