Stanley, 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 Stanley, Manitoba is currently experiencing steady growth. With a median house price of $500,000 that has seen an increase of 3.5% over the past year, it suggests a healthy demand for single-family homes. Meanwhile, the median apartment price stands at $300,000, with a more modest year-over-year increase of 2.1%. This difference in growth rates indicates that houses are currently in higher demand than apartments.
The population of Stanley has also grown significantly by 7.1%, which can contribute to the increased demand for housing in the region. The positive population trend is likely fueling the housing market and can be attributed to factors such as employment opportunities, quality of life, or regional investments attracting new residents.
Investment Opportunities and Potential
Given the solid growth in property values and the rising population, Stanley presents an attractive landscape for real estate investment. Single-family homes seem to be particularly promising due to their higher appreciation rate. Investors could potentially benefit from capital gains in the medium to long term if these trends continue.
Apartments offer a lower barrier to entry in terms of price and may provide opportunities for rental investments. As the population increases, so does the potential rental demand, which could result in favorable yields for investors focusing on apartments or multi-family dwellings.
Future Market Outlook
The future real estate market outlook for Stanley appears optimistic. Should the population continue to grow at its current rate, demand for housing is likely to remain strong. This will support property values and potentially lead to sustained or increased growth rates in both house and apartment prices.
However, investors should monitor economic conditions and interest rates as they impact affordability and mortgage costs, which can influence buyer activity. If Stanley continues to attract new residents and maintain its economic stability, the real estate market is poised for continued strength going forward.