Holland, 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 (2024) | 15,000 |
| Previous Population (2019) | 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 Holland, Manitoba currently presents a stable growth environment. With a median house price of $500,000 and an upward trend of 3.5% year-over-year, the housing sector is experiencing consistent appreciation. This growth is slightly above the national average, indicating a healthy demand for detached homes in the area.
In contrast, the median apartment price is notably lower at $300,000, with a more modest year-over-year increase of 2.1%. This indicates that while apartments are appreciating in value, they do so at a slower pace compared to houses. This may reflect a market preference for single-family homes or potentially indicate a saturation point for apartment demand.
Holland’s population has experienced significant growth at 7.1%, suggesting an expanding local economy and potentially increased demand for housing. This growth rate can contribute to further pressure on housing prices due to heightened demand.
2. Investment Opportunities and Potential
Given the steady increase in house prices and population growth, Holland represents promising investment opportunities particularly in the single-family home sector. The consistent appreciation rate suggests that investing in residential property could yield solid returns over time.
The more moderate appreciation rate of apartments could appeal to investors seeking more affordable entry points into the real estate market or those looking to cater to segments of the population that prefer multi-family living arrangements or cannot afford higher-priced homes.
Investors might also explore development opportunities, as the population increase could imply untapped demand for new housing units. Rental properties could be particularly lucrative if the population growth includes individuals not yet ready to purchase homes or those who prefer the flexibility of renting.
3. Future Market Outlook
The future outlook for Holland’s real estate market remains positive, bolstered by strong population growth and consistent property value appreciation. If current trends continue, investors can reasonably expect ongoing increases in property values, although it’s important to remain aware of regional economic factors that could affect this trajectory.
However, potential investors should consider macroeconomic indicators such as interest rates, employment rates, and regional economic development plans which can all influence future market conditions. Careful monitoring of these external factors will be crucial for making informed investment decisions.
The sustained population increase also suggests that there may be continued or even increased demand for both houses and apartments moving forward. This demographic trend should support a robust real estate market and potentially spark further development initiatives within Holland’s housing sector.
