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 experiencing steady growth. The median house price currently stands at $500,000, with a year-over-year increase of 3.5%. This indicates a healthy demand for single-family homes, reflective of broader national trends favoring more spacious living options. Meanwhile, apartments are showing a slightly more modest growth rate, with the median price at $300,000 and an annual trend increase of 2.1%. Given that the population has seen a significant rise of 7.1%, housing demand can be expected to remain robust in the near term.
Investment Opportunities and Potential
Investors looking at Siglunes may find attractive opportunities in both the housing and apartment markets. The consistent appreciation in property values suggests that real estate assets here are likely to offer stable capital gains over time. Rental properties could also be an attractive option given the growing population, which could drive demand for rental units and potentially yield favorable returns on investment properties. However, investors should conduct thorough market research and consider local economic indicators before committing to investments.
Future Market Outlook
The future outlook for Siglunes’ real estate market appears positive. Population growth is typically a strong driver of housing demand, and with a 7.1% increase, this trend is likely to continue supporting the housing market in the region. The steady growth in property values suggests confidence in the long-term viability of the market, though it’s important to monitor economic conditions that could affect affordability and mortgage rates. Assuming current trends hold, Siglunes should maintain its course as a stable and growing real estate market.
