Gunton, 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
Current Market Conditions and Trends
In Gunton, Manitoba, the real estate market is currently experiencing a period of moderate growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a steady upward trend in property values that is slightly outpacing the national average. Similarly, apartment prices are showing a positive trend with a current median price of $300,000 and an annual growth rate of 2.1%.
The population of Gunton has seen significant growth, with an increase of 7.1%, bringing the total population to approximately 15,000. This influx of residents is likely contributing to the demand for housing and consequently supporting the rise in property values.
Investment Opportunities and Potential
The consistent growth in both house and apartment prices suggests that Gunton offers promising investment opportunities. The steady appreciation of property values provides investors with the potential for capital gains over time. Moreover, the strong population growth implies an increasing demand for rental properties, which could result in favorable yields for investors looking to enter the rental market.
The more moderate price increase in apartments compared to houses may appeal to investors seeking entry-level opportunities or those looking to cater to individuals and smaller families who prefer apartment living.
Future Market Outlook
The future outlook for Gunton’s real estate market remains optimistic. Given the sustained population growth and the consequent demand for housing, it is reasonable to expect that property values will continue their upward trajectory. However, prospective buyers and investors should be mindful of economic factors such as interest rates and employment levels which can influence market conditions.
Investors should also consider long-term demographic trends, infrastructure developments, and any changes in local government policies that may impact the real estate market. In conclusion, while current indicators suggest a positive outlook for Gunton’s real estate market, thorough due diligence is recommended before making any investment decisions.
