Marchand, 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 Marchand, Manitoba is currently experiencing steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This consistent rise in house prices indicates a healthy demand for residential property in the area. Similarly, the median apartment price has reached $300,000, with a slower yet positive year-over-year growth of 2.1%. The growth trends for both houses and apartments suggest a stable market that is gradually appreciating over time.
Investment Opportunities and Potential
The investment potential in Marchand’s real estate market is promising due to several factors. First, the observed population growth of 7.1% underscores an expanding community that could drive higher demand for housing. The current price trends offer investors the opportunity to capitalize on assets that are appreciating at a sustainable rate. Houses present a more significant investment opportunity with their higher appreciation rate compared to apartments, though both property types are poised for growth given the population trajectory.
Future Market Outlook
Looking ahead, the future market outlook for Marchand is optimistic. Given the steady population growth and the consistent upward trend in property values, it is reasonable to expect continued demand for housing in the region. If these trends persist, investors and homeowners could see further appreciation in their property values. It will be important to monitor factors such as local economic development initiatives and interest rate changes, as they can significantly impact the real estate market dynamics in Marchand.
