Foxwarren, 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
1. Current Market Conditions and Trends
The real estate market in Foxwarren, Manitoba is currently experiencing moderate growth. The median house price stands at $500,000, which reflects a year-over-year increase of 3.5%. This steady climb suggests a healthy demand for single-family homes, while still remaining accessible to a variety of buyers.
Similarly, the median apartment price has reached $300,000, showing a slightly lower but still positive trend with an annual growth of 2.1%. This indicates that smaller residential units such as apartments are also in demand, but the market is less volatile compared to houses.
The population of Foxwarren has been growing at a rate of 7.1%, which is substantially higher than the national average. This influx of residents could be a contributing factor to the steady appreciation seen in housing values as more people seek accommodation in the area.
2. Investment Opportunities and Potential
Given the ongoing population growth and consistent rise in property values, Foxwarren presents promising investment opportunities. The continuous increase in median house and apartment prices points towards a stable market where investors could expect reliable capital gains over time.
The current trends suggest particularly good prospects for long-term investments in residential properties. Investors might consider purchasing rental properties to cater to the increasing population or investing in development projects that could benefit from the town’s growth trajectory.
3. Future Market Outlook
The future real estate market outlook for Foxwarren appears positive based on the current data trends. If the population continues to grow at its current pace, demand for housing will likely remain high or even increase. This sustained demand should continue to drive property values upwards, albeit likely at a measured rate similar to current trends.
Investors and homeowners should watch for any changes in local economic factors or shifts in population growth which could affect market dynamics. However, barring any unforeseen economic events or policy changes that could impact the housing market, Foxwarren’s real estate future looks optimistic.
In conclusion, with careful consideration of market data and trends, stakeholders can make informed decisions regarding their involvement in Foxwarren’s real estate landscape.
