Manyberries, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $440,000 |
Demographics
| Current Population (2025) | 15,200 |
| Previous Population (2020) | 14,900 |
| Population Change | 2.0% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
1. Current Market Conditions and Trends
In Manyberries, Alberta, the real estate market is currently experiencing steady growth. The median house price in the area stands at $485,000, reflecting a healthy year-over-year increase of 4%. This suggests a robust demand for single-family homes and a market that is steadily appreciating in value. Similarly, the median apartment price has reached $295,000, with a year-over-year growth rate of 2.5%. The increase in apartment prices indicates a consistent demand for more affordable and smaller-scale housing options.
The consistent growth in property values aligns with the population growth rate of 2%, which brings the current population to approximately 15,200 residents. This demographic expansion can be attributed to Manyberries’ attractive features such as employment opportunities, quality of life, and perhaps influxes from larger city centers seeking more affordable living conditions.
2. Investment Opportunities and Potential
Investment opportunities within Manyberries are promising due to the stable upward trend in property values. With houses appreciating at 4% annually, investors can expect a reliable return on investment for single-family homes. Apartments, growing at a slightly lower rate of 2.5%, also present worthwhile investment potential, especially for those looking to cater to individuals or small families who seek more compact living spaces or cannot afford higher-priced housing.
The current trajectory suggests that investing in Manyberries could yield both short-term rental income and long-term capital gains. The steady population growth ensures ongoing demand for housing which should keep vacancy rates low and maintain upward pressure on both rental and purchase prices.
3. Future Market Outlook
The future market outlook for Manyberries appears optimistic. Assuming that current trends persist, including steady population growth and economic stability, it is likely that the real estate market will continue to appreciate at a modest yet sustainable rate. The 4% growth trend in house prices may attract more families looking for residential properties while the increasing apartment prices indicate an unceasing interest in multi-family units.
If Manyberries maintains its economic drivers and quality of life factors that contribute to its appeal, it’s reasonable to forecast ongoing appreciation in property values. However, potential investors and homeowners should remain cognizant of broader economic indicators such as interest rates, employment levels, and regional developments that could affect market dynamics.
In conclusion, Manyberries represents a stable market with solid investment opportunities driven by steady population growth and consistent demand for housing across various sectors of the market.
