Glenboro, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.0% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,400 |
| Population Change | 4.2% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends in Glenboro, Manitoba
The real estate market in Glenboro, Manitoba is currently experiencing a period of moderate growth. The median house price stands at $485,000, reflecting a year-over-year increase of 3.2%. This steady growth suggests a healthy demand for single-family homes within the region. Similarly, the median apartment price has seen a rise to $290,000, growing at a slightly slower pace with a 2% increase compared to the previous year.
The population of Glenboro is on an upward trajectory with a growth rate of 4.2%, indicating potential for an expanded customer base in the housing market. This demographic expansion could be contributing to the sustained demand for housing and the consequent rise in property prices.
Investment Opportunities and Potential in Glenboro
Given the current market trends, investment opportunities within Glenboro are promising, particularly in residential properties. The consistent increase in property values suggests that investing in real estate could yield solid returns over time. Moreover, the robust population growth opens up possibilities for rental investments as more individuals may be looking for temporary or long-term housing solutions.
The rising median house and apartment prices also point towards a potentially rewarding buy-and-hold strategy for investors looking to capitalize on capital appreciation. Additionally, new developments catering to the increased demand could represent lucrative projects for real estate developers and investors seeking to expand their portfolios within this growing community.
Future Market Outlook for Glenboro Real Estate
Looking ahead, the future market outlook for Glenboro appears optimistic. Population growth is likely to persist as a key driver of demand for housing. If current trends continue, it can be expected that both house and apartment prices will maintain their upward trajectory, albeit at modest rates.
It’s important to consider economic factors such as employment rates, infrastructure development, and interest rates as they can significantly influence the real estate market dynamics. Assuming stable economic conditions and continued population increase, investors can remain cautiously optimistic about the potential for ongoing growth within Glenboro’s real estate market.
