Foxwarren, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $480,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.2% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $480,000 |
| 4 bedrooms | $550,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $320,000 |
| 3 bedrooms | $400,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,100 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Foxwarren, Manitoba, the real estate market is currently experiencing sustained growth. The median house price stands at $480,000, reflecting a year-over-year increase of 4.2%. This suggests a healthy demand for single-family homes in the area. Similarly, the median apartment price has reached $290,000, with a smaller yet positive annual growth rate of 1.5%. These trends indicate a stable and steadily appreciating market.
The population of Foxwarren has grown by 3.3% to reach 15,500 residents. This demographic expansion is likely contributing to the demand for housing and can be seen as a sign of a vibrant local economy and community.
Investment Opportunities and Potential
The consistent increase in property values in Foxwarren presents an attractive opportunity for real estate investors. Single-family homes, in particular, have shown robust appreciation, suggesting that investment in this sector could yield significant returns over the long term. Additionally, the positive albeit slower growth in apartment prices indicates potential for entry-level investment or opportunities for those looking to cater to the rental market.
Given the steady population growth, demand for rental properties may rise as new residents look for housing solutions before committing to home ownership. Investors might find it advantageous to consider properties that offer potential for rental income or development opportunities in response to the expanding local populace.
Future Market Outlook
The outlook for Foxwarren’s real estate market remains optimistic based on current trends and demographic factors. If the population continues to grow at its current pace or faster, demand for housing will likely persist, potentially pushing property values higher. The consistent rise in median house and apartment prices further underscores the possibility of continued appreciation.
Careful monitoring of economic indicators such as employment rates, infrastructure development, and interest rates will be crucial in projecting future market conditions. However, provided that the local economy remains stable or improves, Foxwarren’s real estate market should maintain its current trajectory of gradual growth.
