Stgeorges, Manitoba Real Estate Market Data
Updated: Nov 2024
House
Median price | $485,000 |
Monthly growth | 1.1% |
Quarterly trend | 2.8% |
Stock on market | 0.7% |
Apartment
Median price | $295,000 |
Monthly growth | 0.8% |
Quarterly trend | 1.5% |
Stock on market | 1.1% |
Prices by Number of Bedrooms
Houses
Bedrooms | Median Price |
---|---|
2 bedrooms | $430,000 |
3 bedrooms | $485,000 |
4 bedrooms | $580,000 |
Apartments
Bedrooms | Median Price |
---|---|
1 bedrooms | $240,000 |
2 bedrooms | $340,000 |
3 bedrooms | $425,000 |
Demographics
Current Population (2025) | 15,200 |
Previous Population (2020) | 15,000 |
Population Change | 1.3% |
Total Private Dwellings | 6,200 |
Occupied Private Dwellings | 5,700 |
Population Density (per km²) | 1.7 |
Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in St. Georges, Manitoba is currently experiencing moderate growth. With a median house price of $485,000, the market has seen a steady increase with a year-over-year growth of 2.8%. This indicates a stable and growing demand for housing in the area. The median apartment price stands at $295,000, which aligns with a more modest year-over-year increase of 1.5%. These figures suggest that while the market is expanding, it is doing so at a sustainable rate.
The local population has reached approximately 15,200 residents, growing at an annual rate of 1.33%. This consistent population growth contributes to the demand for housing and supports the current upward trend in property values.
Investment Opportunities and Potential
Investors looking into the St. Georges real estate market can find opportunities both in residential properties and rental units. Given the steady rise in property values and population growth, investing in single-family homes could yield potential for capital appreciation over time. Moreover, the apartment sector presents an attractive proposition for those interested in generating rental income, especially considering the slower but stable price increase.
The current price trends indicate that St. Georges offers a balanced mix of investment opportunities, catering to both long-term investors focusing on equity growth and those interested in immediate cash flow through rentals.
Future Market Outlook
Moving forward, the real estate market in St. Georges appears poised for continued growth. The consistent rise in property prices, coupled with healthy population growth rates, suggests that demand for housing will remain robust.
If these trends continue, future prospects look positive for both homeowners and investors alike. The key drivers of this outlook are economic stability within the region, ongoing population increases, and sustained interest from buyers and renters seeking affordable housing options outside of urban centers.
In conclusion, while no market is without risk, St. Georges presents as a market with solid fundamentals suggesting steady growth potential in the years to come.