Lyleton, 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 Lyleton, Manitoba is currently experiencing steady growth. With the median house price sitting at $500,000, the market has seen a consistent year-over-year increase of 3.5%. Similarly, apartments are becoming increasingly valuable, with the median price now at $300,000 and an annual appreciation trend of 2.1%. This indicates a stable and growing market.
The population of Lyleton has grown to 15,000 residents, a significant increase of 7.1%. This demographic expansion has likely contributed to the consistent rise in property values as demand for housing increases with the inflow of new residents.
Investment Opportunities and Potential
Investors should take note of Lyleton’s positive market conditions. The steady appreciation in property values suggests that investments in both houses and apartments could yield favorable returns over time. Given the population growth rate, rental properties might present a particularly advantageous opportunity as there will be an ongoing need for housing among new residents.
The current trends point towards a seller’s market; however, investors who are able to acquire properties may find themselves in an advantageous position over the long term as demand for housing remains driven by population increases.
Future Market Outlook
The outlook for Lyleton’s real estate market remains optimistic. Assuming that the current trends continue, we can expect ongoing growth in property values and sustained demand for housing. The 7.1% population growth rate should continue to fuel real estate transactions and could lead to potential development projects to accommodate the expanding community.
In conclusion, careful analysis suggests that Lyleton presents a promising environment for real estate investment with expectations of continued growth. Both homeowners looking to sell and investors seeking long-term appreciation stand to benefit from the area’s positive economic dynamics.
