Prawda, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $475,000 |
| Monthly growth | 1.0% |
| Quarterly trend | 2.8% |
| Stock on market | 1.0% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.5% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $475,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $330,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| Total Private Dwellings | 6,000 |
| Occupied Private Dwellings | 5,500 |
| Population Density (per km²) | 1.4 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Prawda, Manitoba, the real estate market is currently characterized by steady growth. With a median house price of $475,000 and an annual appreciation trend of 2.8%, the market is performing positively but not overheating. Similarly, apartments are showing a moderate increase in value, with a median price of $290,000 and a year-over-year price trend of 1.9%. These figures suggest a stable environment for both homeowners and investors.
The population of Prawda stands at 15,000 and has been experiencing a healthy growth rate of 3.4%. This demographic expansion is likely contributing to the sustained demand for housing in the area. The combination of population growth and steady price trends indicates that the market is expanding at a sustainable pace.
Investment Opportunities and Potential
For those considering investment opportunities in Prawda’s real estate sector, the current trends offer several promising avenues. The consistent growth in housing prices suggests that investing in residential properties could yield solid returns over time. Long-term investments in single-family homes or apartments are particularly attractive given their steady appreciation rates.
The ongoing population increase may also herald a rising demand for rental properties, making this segment potentially lucrative for investors focused on rental income. Given that the price trends have remained modest, there is room for future appreciation which could benefit early investors as the market continues to develop.
Future Market Outlook
Looking ahead, the real estate market in Prawda appears poised for continued growth. The consistent rise in property values coupled with robust population growth suggests that demand for housing will remain strong. Assuming that economic conditions remain favorable and no significant external shocks affect the market, both house and apartment prices are expected to maintain their upward trajectory.
However, it’s important for investors to monitor local development plans, changes in employment rates, and infrastructure improvements as these factors can significantly impact property values. Awareness of broader economic trends will also be crucial for making informed investment decisions.
Overall, Prawda’s real estate market presents an attractive mix of stability and potential for growth, making it a noteworthy consideration for both homebuyers and investors.
