Siglunes, 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 Siglunes, Manitoba, is currently experiencing modest growth with the median house price sitting at $500,000, marking a year-over-year increase of 3.5%. This growth is slightly above inflationary levels and indicates a healthy demand for single-family homes. Similarly, the apartment market is also seeing an upward trajectory with the median price at $300,000 and a year-over-year growth of 2.1%. The consistent growth across both housing types suggests a balanced expansion in the local real estate market.
Investment Opportunities and Potential
The current trends show that Siglunes holds promising investment opportunities. With a population of 15,000 and an impressive population growth rate of 7.1%, demand for housing is likely to continue its upward trend. Investors could capitalize on this by entering the market at a time when prices are increasing steadily, which may yield returns in both rental income and capital appreciation. The more moderate growth rate in apartment prices suggests that these may offer an accessible entry point for investors looking to cater to residents preferring smaller living spaces or seeking more affordable housing options.
Future Market Outlook
The outlook for Siglunes’s real estate market remains positive. The robust population growth will likely sustain demand for housing, supporting price stability and ongoing growth. Assuming no significant economic disruptions occur, the housing market is poised for continued steady appreciation. Investors and potential homeowners should monitor interest rate trends and employment statistics closely as these will also play a critical role in shaping the future trajectory of the market.
