Hilbre, 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
The real estate market in Hilbre, Manitoba currently presents a stable and growing environment. With a median house price of $500,000 and a year-over-year increase of 3.5%, the market is showing healthy appreciation. Similarly, the median apartment price is set at $300,000, following a slightly more modest upward trend of 2.1% year-over-year. The consistent growth in these property values suggests a solid demand for housing within the region.
Additionally, with a population of 15,000 that has experienced substantial growth at 7.1%, it is evident that Hilbre is an attractive destination for new residents. This influx may be attributed to factors such as employment opportunities, quality of life improvements or regional investments attracting people to the area.
Investment Opportunities and Potential
The positive trends in property valuation coupled with significant population growth underline the investment potential in Hilbre’s real estate market. Investors looking to capitalize on rising property values may consider acquiring assets within this market as long-term holds or for rental purposes. Given the steady increase in housing prices, investments made now could yield considerable returns over time due to asset appreciation.
Furthermore, the sustained population growth not only drives demand for housing but also offers potential for the development of new residential projects to meet this increasing need. This situation presents an opportunity for real estate developers and investors interested in new construction or renovation ventures.
Future Market Outlook
Looking ahead, the future market outlook for Hilbre remains optimistic. Given the solid foundation of ongoing population growth and consistent rise in property values, it’s reasonable to expect continued demand for housing. As long as economic conditions remain favorable and the area continues to attract new residents, both the residential and rental markets are likely to thrive.
However, it’s crucial for investors and stakeholders to monitor local economic developments and infrastructure investments closely as these factors can significantly influence the real estate market’s trajectory. Efficient planning and understanding demographic shifts will be key in maximizing returns and ensuring sustainable growth in Hilbre’s real estate sector.
