Komarno, 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
1. Current Market Conditions and Trends
The real estate market in Komarno, Manitoba, is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the housing market demonstrates resilience and a positive trend. This is similarly reflected in the apartment sector, where the median apartment price stands at $300,000, having increased by 2.1% year-over-year. The consistent growth in property values can be partly attributed to Komarno’s expanding population, which has seen a significant growth of 7.1%. Such demographic expansion is a clear indicator of increased housing demand and a vibrant local economy.
2. Investment Opportunities and Potential
In light of the current trends, Komarno presents attractive investment opportunities. The consistent increase in property values suggests that investments in residential real estate could yield positive returns over time. Given the population growth rate, demand for housing is likely to remain strong, potentially leading to tighter inventory and further price appreciation.
Investors considering entry into the Komarno real estate market should focus on areas with the highest demand, such as family-friendly neighborhoods and areas close to key amenities and employment centers. Additionally, because apartment prices are growing at a slightly slower pace than houses, there might be opportunities for investors to enter this market segment at a more accessible price point while still benefiting from the overall market growth.
3. Future Market Outlook
The future outlook for Komarno’s real estate market appears promising. The town’s healthy population growth rate suggests an ongoing demand for housing which may continue to drive property prices upwards. Assuming economic conditions remain stable and supportive of real estate investment, both the housing and apartment sectors are expected to maintain their upward trends.
However, investors should also be aware of broader economic factors that could impact the market such as interest rates changes, employment rates, and regional economic developments. Careful monitoring of these factors will be essential for making informed investment decisions in the Komarno real estate market.
