Piney, 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 Piney, Manitoba, is currently experiencing stable growth. With a median house price of $500,000 and an annual appreciation rate of 3.5%, the market is showing moderate but consistent upward momentum. Similarly, the apartment sector has a median price point of $300,000 and is witnessing a slightly lower year-over-year price trend at 2.1%. These figures suggest a healthy demand for housing in the area.
Piney’s population has grown by an impressive 7.1%, which is likely contributing to the steady rise in property values as demand for housing increases. The current trends indicate that the real estate market in Piney is balanced, with growth rates that are sustainable over the long term.
Investment Opportunities and Potential
For potential investors, Piney offers attractive opportunities within both the residential housing and apartment sectors. The ongoing population growth suggests that there will be a continued need for housing, making both long-term property investments and development projects potentially lucrative.
The single-family home market shows a higher year-over-year price increase compared to apartments, indicating a strong preference or demand for this type of property in Piney. Investors might find this sector particularly appealing due to its higher growth potential.
Conversely, apartments offer a more accessible entry point into the real estate market at a median price of $300,000. With population numbers on the rise, rental properties could become increasingly in demand, providing investors with stable rental income streams and capital appreciation over time.
Future Market Outlook
Looking ahead, Piney’s real estate market appears poised for continued growth. The positive population trend is a key driver that should sustain demand for housing. Assuming no significant economic disruptions occur, the market could maintain its current trajectory of gradual price increases.
Should local economic conditions remain favorable and infrastructure development keep pace with population growth, it’s reasonable to expect that both housing and apartment sectors will remain appealing investment choices. Carefully considered investments made now have the potential to yield favorable returns as the market matures further.
