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 is currently experiencing steady growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing healthy upward momentum. Similarly, apartments are also seeing a consistent increase in value with a median price of $300,000 and a growth trend of 2.1% year-over-year.
The population of Middlebro has reached 15,000 and is growing at a rate of 7.1%. This significant population growth is likely driving demand for housing in the area, contributing to the positive price trends we’re observing for both houses and apartments.
Investment Opportunities and Potential
With the current trajectory of the real estate market, Middlebro presents promising investment opportunities. The consistent rise in property values indicates a strong potential for capital gains over time. Investors looking to purchase residential property can expect continued appreciation given the robust population growth that is likely to sustain demand.
For those interested in rental properties, the growing population suggests a potential increase in rental demand. This could translate into stable rental income streams for investors. Given the more modest price point of apartments and their favorable appreciation rate, they may represent an attractive entry point for investors seeking lower initial investment requirements with solid growth prospects.
Future Market Outlook
The outlook for Middlebro’s real estate market remains positive. If current trends hold, we can anticipate ongoing increases in property values driven by strong demographic fundamentals. Considering the substantial population growth rate, it is reasonable to predict that housing demand will continue to rise, potentially pushing prices upward at a steady pace.
However, investors should remain cognizant of broader economic conditions and any local developments that may impact the real estate market. Factors such as employment rates, infrastructure projects, and changes in interest rates can all influence future market dynamics.
In conclusion, Middlebro’s real estate market currently shows strong indicators of growth with positive future potential for both homebuyers and investors alike.
