Trending
A red, white, and black flag with a white background.

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





Komarno, Manitoba Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Komarno, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, which represents a year-over-year increase of 3.5%. This suggests that the market is in a healthy state with consistent appreciation for homeowners. The apartment sector is also showing positive momentum, with the median apartment price reaching $300,000 and a more modest year-over-year growth of 2.1%.

This upward trend can be partially attributed to Komarno’s increasing population, which has grown by 7.1% recently, indicating a robust and expanding community. This population growth can lead to higher demand for housing, driving prices upward and creating a seller’s market condition where buyers may face competition for available properties.

Investment Opportunities and Potential

For investors, Komarno presents several attractive opportunities. The sustained growth in property values suggests that investments in residential real estate could yield favorable returns. Single-family homes, given their higher appreciation rate, are particularly compelling for long-term investment strategies.

Apartments offer a lower entry point at $300,000, with a steady appreciation trend of 2.1%. These properties might be especially appealing to those looking to tap into the rental market or seeking more affordable investment options with potential for consistent income and gradual asset appreciation.

The current population surge indicates an influx of residents who may need rental accommodations before purchasing homes, thus bolstering the demand for rental properties. Investors should consider this factor when exploring portfolios that include both rental units and properties earmarked for resale as the market matures.

Future Market Outlook

The future of the Komarno real estate market looks promising based on current trends and demographic indicators. Continued population growth will likely maintain or even increase demand for housing within the region. Assuming that economic conditions remain stable and interest rates don’t rise significantly to curb borrowing, the local real estate market should sustain its upward trajectory.

The 3.5% increase in median house prices suggests that the market has room for growth without overheating, which bodes well for sustainable long-term investment. Similarly, the apartment sector’s steady growth provides a reliable option for investors focused on resilience during potential market fluctuations.

In conclusion, Komarno’s real estate market shows positive signs of health and stability with good potential for both short-term gains and long-term investment returns. Stakeholders should continue monitoring economic indicators closely but can feel cautiously optimistic about future prospects in this Manitoba community.