Middlebro, 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 Middlebro, Manitoba, has been demonstrating a steady growth with the median house price currently sitting at $500,000, marking a year-over-year increase of 3.5%. This increment reflects a robust demand in the housing segment, suggesting a healthy local economy and an attractive residential environment. The apartment sector is also witnessing growth, albeit at a slower pace, with the median apartment price reaching $300,000 and experiencing a 2.1% year-over-year rise. These progressive trends point towards a consistent appreciation in property values across different types of residential real estate within Middlebro.
Investment Opportunities and Potential
Investment opportunities in Middlebro are ripe given the positive trajectory of the real estate market. The sustained increase in property values indicates that investments made today have a strong potential for capital gains in the future. Additionally, with a significant population growth rate of 7.1%, demand for housing is likely to remain high, further pressuring prices upward. Investors looking to capitalize on rental income or long-term equity growth should consider both single-family homes and apartment units to diversify their portfolios. The current market conditions suggest that now is an opportune time for both seasoned investors and first-time buyers to enter the Middlebro real estate market.
Future Market Outlook
The outlook for the Middlebro real estate market appears optimistic. The combination of steady price increases, robust population growth, and ongoing economic stability provides a strong foundation for future market performance. Assuming these trends continue, investors and homeowners can reasonably expect continued appreciation in property values over the coming years. It’s important for potential buyers and sellers to monitor key economic indicators such as employment rates, interest rates, and regional development plans as they can influence market dynamics significantly. Nevertheless, given current data and trends, Middlebro’s real estate market holds promising prospects for sustained growth.
