Landmark, 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
In Landmark, Manitoba, the real estate market is currently experiencing steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a stable market with moderate appreciation in property values. Similarly, the median apartment price has reached $300,000, climbing at a slightly slower pace with a 2.1% year-over-year trend. The growth in property values correlates with the area’s population expansion, which has recently surged by 7.1%. This demographic development indicates a burgeoning demand for housing in Landmark.
Investment Opportunities and Potential
The current trends suggest that Landmark offers promising investment opportunities, particularly in residential properties. Investors could capitalize on the consistent increase in home and apartment values. Considering the significant population growth rate, demand for rental properties is likely to rise, potentially providing investors with steady rental income streams and capital appreciation over time. The positive trends in house and apartment prices also suggest that investments in real estate developments and renovations may be met with a growing market appetite.
Future Market Outlook
The future market outlook for Landmark, Manitoba remains optimistic given the strong fundamentals observed in recent statistics. If the current population growth trend continues at the rate of 7.1%, it will likely lead to sustained demand for housing across both purchase and rental markets. As long as economic conditions remain favorable and the local economy supports job creation, we can anticipate further growth in property values. Investors and homebuyers should monitor key economic indicators and planning developments closely as they may present new opportunities or risks affecting future market dynamics.
