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Stead, 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





Stead, Manitoba Real Estate Market Analysis

Current Market Conditions and Trends

The real estate market in Stead, Manitoba is currently exhibiting stable growth. With a median house price of $500,000 that reflects a 3.5% year-over-year increase, the market is appealing to both homeowners and investors looking for steady appreciation. The median apartment price stands at $300,000, with a slower yet consistent growth trend at 2.1% year-over-year. This indicates a balanced market where both single-family homes and multi-family units are gaining value, albeit at different rates.

The population of Stead has recently reached 15,000 residents, with an impressive growth rate of 7.1%. This influx of new residents can be attributed to economic opportunities in the area as well as its attractive living conditions. The population growth is a positive indicator for the real estate market as it often leads to increased demand for housing.

Investment Opportunities and Potential

Considering the current trends, investment opportunities in Stead’s real estate market look promising. The combination of steady price increases in both houses and apartments with significant population growth suggests that there could be sustained demand for rental properties. Investors might consider capitalizing on this by acquiring properties to rent out, taking advantage of potential rent increases over time.

The 3.5% increase in house prices indicates a healthy market that could provide equity gains for long-term investors. As for apartments, the 2.1% rise may appeal to investors who prefer lower volatility and potentially lower maintenance costs associated with multi-family units.

Future Market Outlook

The future outlook for the Stead real estate market remains optimistic based on current data trends. Assuming the population continues to grow at or near the current rate of 7.1%, housing demand should remain strong. This demographic trend lends support to both rental and ownership markets.

If these trends persist, property values are likely to continue their upward trajectory, although external economic factors could influence the pace of growth. Investors and prospective homeowners should monitor interest rates, employment levels in the region, and any changes in local regulations that could impact the housing market.

In conclusion, Stead’s real estate market offers a compelling mix of stability and growth potential for both owner-occupiers and investors. With careful consideration of broader economic indicators and ongoing monitoring of local developments, stakeholders can make informed decisions within this dynamic market.