Manyberries, 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
In Manyberries, Alberta, the real estate market is experiencing moderate growth. As of the latest data, the median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a stable market with consistent growth in property values. On the other hand, apartments are slightly more affordable with a median price of $300,000 and are experiencing a slower growth rate at 2.1% year-over-year. The real estate trends suggest a balanced market that is accommodating both buyers and sellers.
Investment Opportunities and Potential
The current stability in housing prices coupled with steady growth presents attractive investment opportunities in Manyberries. With the population growing at a robust rate of 7.1%, demand for housing is likely to keep pace or potentially increase. This could translate into continued appreciation of property values over time, offering potential returns for investors. The more modest growth rate in apartment prices also presents an opportunity for those looking to invest in rental properties catering to individuals or small families who may prefer more affordable housing options.
Future Market Outlook
The future outlook for Manyberries’ real estate market remains optimistic given the healthy population growth. With a growing population currently at 15,000, continuous urban development and infrastructure improvement are likely to follow, which may further stimulate the local economy and enhance property values. While external economic factors can affect market dynamics, current trends and demographic indicators suggest that Manyberries will continue to be an attractive market for both homebuyers and investors in the foreseeable future.
