Mannville, Alberta 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 Mannville, Alberta, demonstrates a steady increase in property values with the median house price currently standing at $500,000, showing a 3.5% growth year-over-year. Similarly, the apartment sector has seen a consistent upward trend with a current median price of $300,000 and a 2.1% rise year-over-year. These figures suggest that Mannville is experiencing a healthy and stable real estate environment.
With a population of 15,000 that has risen by 7.1%, there is an indication of growing demand within the housing market. This population growth can be attributed to various factors such as economic opportunities in the area, lifestyle preferences for smaller communities, or regional developments attracting new residents.
Investment Opportunities and Potential
Mannville’s rising population coupled with its positive pricing trends presents notable investment opportunities. The steady increase in property values suggests that investing in residential properties could yield profitable returns over time. Investors might find particular value in single-family homes given their higher appreciation rate of 3.5% compared to apartments.
Furthermore, with the population projected to grow further, rental properties could also offer substantial returns due to potential increases in rental demand. This makes both purchasing property for long-term capital appreciation and investing in rental units appealing options for investors looking at Mannville’s market.
Future Market Outlook
The future outlook for Mannville’s real estate market appears promising based on current trends and demographic indicators. Should the population continue to grow at or above the current rate of 7.1%, it’s reasonable to anticipate sustained or even increased demand for housing in both the purchase and rental sectors.
However, investors should remain aware of broader economic factors that could impact these trends such as employment rates, regional economic health, and national housing policies. Monitoring these factors will be crucial to understanding future market dynamics and making informed investment decisions.
In conclusion, Mannville presents an attractive market profile for potential real estate investors or homeowners looking for stable growth opportunities within Alberta’s dynamic real estate landscape.
