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
Current Market Conditions and Trends
The real estate market in Stead, Manitoba is currently experiencing moderate growth. With a median house price of $500,000 and an annual price appreciation of 3.5%, the market is showing steady upward momentum. The apartment sector, marked by a median price of $300,000, is also witnessing growth but at a slower rate of 2.1% year-over-year. This relatively balanced growth indicates a stable market that has not been subject to rapid inflation or speculation.
Stead’s population of 15,000 has recently grown by 7.1%, suggesting an increasing demand for housing in the area. This population surge is likely contributing to the gradual rise in property values and could be indicative of a robust local economy attracting new residents.
Investment Opportunities and Potential
With consistent growth in both the house and apartment markets, Stead presents attractive investment opportunities for both individual homeowners and real estate investors. The steady increase in property values, coupled with significant population growth, signals potential for long-term capital gains for those investing in residential properties.
For investors looking at rental properties, the strong population growth can be seen as an opportunity for stable rental income streams. Given that the housing market is not overheating, there is room for cautious optimism regarding the sustainability of these trends, making Stead a potentially prudent choice for real estate investment.
Future Market Outlook
Looking ahead, the real estate market in Stead appears poised for continued moderate growth. Assuming that current economic drivers remain constant and with no major shifts expected in interest rates or employment levels within the region, both housing and apartment markets should maintain their current trajectories.
The consistent house price trend of 3.5% year-over-year growth suggests that homes in Stead will continue to appreciate at a sustainable rate. Similarly, apartments should continue to grow at around 2.1% annually. Investors and homeowners should monitor local economic factors closely, however, as any changes could affect these projections.
In conclusion, Stead’s real estate market offers a balance of stability and growth potential that is appealing to both long-term residents and investors alike. Continued monitoring of demographic trends and economic indicators will be key in maximizing investment strategies within this market.
