Inglis, 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 Inglis, Manitoba has been exhibiting stable growth. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This moderate appreciation indicates a healthy market that is growing consistently without the volatility seen in some other regions. Similarly, the median apartment price is $300,000, which reflects a slightly lower annual growth rate of 2.1%. The discrepancy in growth rates between houses and apartments may suggest a stronger demand for single-family homes in the region.
The population of Inglis has reached 15,000 residents, with an impressive growth rate of 7.1%. This influx may be contributing to the steady housing demand, as new residents seek accommodation, thus bolstering the market.
Investment Opportunities and Potential
Given the consistent market growth and significant population increase, Inglis presents promising investment opportunities. The steady rise in property values is indicative of a sound investment environment for both residential properties and rental units. Investors looking to capitalize on rental income may find apartments particularly attractive due to their lower entry price point and sustained demand driven by population growth.
Furthermore, with more people moving to the area, there may be unmet needs for various services and amenities. This could open up ancillary investment opportunities in commercial real estate or new business ventures that cater to the growing population.
Future Market Outlook
The future real estate market outlook for Inglis appears optimistic based on current trends. Assuming no major economic disruptions occur, the existing trajectory suggests that both housing prices and apartment values will continue to appreciate at a sustainable rate. Population growth is likely to remain a critical driver for housing demand, which bodes well for investors and homeowners alike.
As long as Inglis continues to attract new residents due to its economic opportunities or lifestyle offerings, the property market should maintain its health. Prospective buyers and investors might wish to enter the market sooner rather than later to take advantage of current conditions before prices escalate further.
In summary, Inglis’s real estate market shows clear signs of strength with balanced growth and substantial potential for future investments. Stakeholders are advised to monitor local economic factors closely but can be cautiously optimistic about ongoing positive trends.
