Plumas, 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 in Plumas, Manitoba
The real estate market in Plumas, Manitoba currently exhibits stable growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, reflecting both the region’s economic stability and an attractive residential environment.
In contrast, the median apartment price is $300,000, showing a more modest year-over-year appreciation of 2.1%. This slower growth rate in the apartment sector suggests that while there is interest in more affordable and low-maintenance living spaces, it is not as robust as the demand for houses.
The population of Plumas has grown to 15,000 residents, with an impressive growth rate of 7.1%. This rapid increase in population is likely contributing to the sustained demand for housing and could be an indicator of further market expansion.
Investment Opportunities and Potential in Plumas, Manitoba
The consistent growth in Plumas’s housing market presents ample investment opportunities. The steady rise in house prices coupled with significant population growth suggests that investing in residential properties such as single-family homes could yield favorable returns. Furthermore, the lower but continuous appreciation in apartment prices points to potential investment opportunities for those looking to cater to individuals or small families seeking more affordable housing options.
Given the current trends, investors might also consider exploring new construction projects or renovation ventures to capitalize on the increasing housing demand. The expanding population can drive the need for diverse types of properties, including townhomes, duplexes, and apartments catering to various market segments.
Future Market Outlook for Plumas, Manitoba
The future market outlook for Plumas appears promising. With a significant population growth rate of 7.1%, it is expected that the demand for housing will continue to rise. This demographic trend suggests that both rental and ownership markets are likely to remain vibrant in the near future.
The steady appreciation rates for both houses and apartments indicate a balanced market trajectory without signs of overheating or bubbles. If these trends persist alongside economic development and infrastructure improvements within the region, Plumas could see sustained or even enhanced growth in property values over time.
In summary, those considering investing in Plumas’s real estate market can be cautiously optimistic about its future prospects. Continuous monitoring of economic factors and local developments will be key to making informed investment decisions.
