Neubergthal, 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 Neubergthal, Manitoba currently showcases steady growth with a median house price of $500,000, which indicates an increase of 3.5% year-over-year. This consistent upward trend reflects a healthy demand for single-family homes in the area. The market for apartments is also experiencing growth, albeit at a slower pace, with a median price of $300,000 and a year-over-year increase of 2.1%.
With a population of 15,000 residents and a notable population growth rate of 7.1%, Neubergthal is becoming increasingly attractive to both families and investors seeking community-oriented living within Manitoba.
Investment Opportunities and Potential
The significant population growth paired with rising property values suggests that Neubergthal presents a promising opportunity for real estate investors. The continued demand for housing could lead to favorable rental yields for investment properties, particularly in the single-family home segment where the market shows greater appreciation.
New development projects and infrastructure improvements might be anticipated as the town accommodates its growing population, potentially opening up opportunities in both residential and commercial real estate sectors. Investors should consider long-term capital gains given the steady market appreciation rates.
Future Market Outlook
The future outlook for Neubergthal’s real estate market remains optimistic based on current trends and demographic data. Should the population continue to grow at the current rate or higher, the demand for housing is expected to sustain or even increase, which could further drive property prices upward.
In light of these factors, potential investors and homebuyers might find it advantageous to enter the market sooner rather than later to capitalize on current trends before prices escalate further. However, as with any investment, it is crucial to monitor economic indicators and local developments that could affect market conditions.
