Schanzenfeld, 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 Schanzenfeld, Manitoba, the real estate market is currently experiencing a period of steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This suggests a healthy demand for houses in the area, potentially driven by factors such as local economic growth or an influx of new residents. The median apartment price is also on the rise at $300,000, albeit at a slower pace with a 2.1% increase year-over-year. This could indicate that while the apartment market is growing, it’s doing so at a more sustainable rate compared to houses.
Investment Opportunities and Potential
The consistent growth in property values in Schanzenfeld indicates sound investment potential for both residential houses and apartments. Given the population has grown by 7.1%, there is evidence of increased housing demand which may continue to drive property prices upward. Investors should consider both immediate rental income possibilities as well as long-term capital gains given these trends. Additionally, with the population growth outpacing national averages, there could be opportunities for new developments to cater to the increasing demographic.
Future Market Outlook
Looking ahead, the future market outlook for Schanzenfeld remains positive. With a robust population growth rate of 7.1%, it’s likely that demand for housing will persist, underpinning further increases in property values. However, investors and homebuyers should monitor local economic factors and development plans that could influence the supply-demand dynamic. If current trends hold, Schanzenfeld could prove to be a fruitful area for real estate investment and homeownership over the coming years.
