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 steady growth. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes in the region. Similarly, apartments are seeing a more modest but stable growth trend with a median price of $300,000 and an annual appreciation of 2.1%. The population of Schanzenfeld has reached 15,000 residents, with a notable population growth rate of 7.1%, suggesting that the community is expanding and potentially driving further housing demand.
Investment Opportunities and Potential
The real estate market in Schanzenfeld presents several investment opportunities. Given the positive trends in property prices and significant population growth, demand for housing is likely to continue to rise. Investors may find potential in both the single-family home segment as well as multi-unit residential properties like apartments. The consistent growth in house prices suggests that investments in real estate could yield solid capital gains over time. Additionally, the rental market may offer attractive returns due to the influx of residents seeking housing.
Future Market Outlook
The future outlook for Schanzenfeld’s real estate market remains optimistic. With ongoing population growth and a stable economic climate, housing demand is expected to sustain or possibly increase. The current trends indicate that both house and apartment prices will continue to appreciate, albeit at a measured pace. Prospective investors and homeowners should monitor local development plans and demographic shifts closely as these factors will play a significant role in shaping the market dynamics moving forward.
