Stanley, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.2% |
| Stock on market | 0.8% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 1.9% |
| Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $390,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $590,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| 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. The median house price in the region stands at $485,000, which represents a year-over-year increase of 3.2%. This increment suggests a healthy demand for housing in the area, reflecting both the local economic stability and an influx of new residents.
In comparison, the median apartment price is currently at $295,000, with a slower year-over-year increase of 1.9%. The more modest growth in apartment prices indicates a market that is slightly more accessible to first-time buyers and investors looking for lower entry points into the real estate market.
With a population of 15,500 and a growth rate of 3.3%, Stanley’s increasing population is a positive indicator for continued demand in housing. This demographic trend can be attributed to local job prospects, lifestyle amenities, and overall quality of life that attract new residents.
Investment Opportunities and Potential
The steady increase in property values coupled with ongoing population growth suggests that Stanley offers promising investment opportunities. Investors might consider single-family homes as long-term investments due to their stronger appreciation trend. With a median house price increase outpacing apartments, equity gains could be more significant in this sector.
Apartments offer an alternative investment route with lower initial costs and potentially higher rental yield percentages due to their affordability. Given the sustained population growth, rental demand is likely to stay strong, which could translate into reliable cash flow for investors.
New development projects or renovations in older neighborhoods could also present lucrative opportunities for those looking to capitalize on the growing market by creating additional supply that satisfies the increasing housing demand.
Future Market Outlook
The future real estate market outlook for Stanley appears optimistic. The consistent growth in house and apartment prices points towards a stable market with ongoing investment potential. As long as the population continues to rise at its current pace or higher, demand for housing should remain robust.
Economic factors such as employment rates, interest rates, and regional economic policies will play significant roles in shaping the future landscape of Stanley’s real estate market. Assuming these factors maintain favorable conditions, the town could see continued or even increased rates of property value appreciation over time.
In conclusion, Stanley’s real estate market presents a solid opportunity for both homebuyers seeking long-term residence and investors looking to capitalize on the area’s growth potential. Careful analysis of specific neighborhoods and property types will be crucial for maximizing returns on investment as the market evolves.
