Stgeorges, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $485,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 3.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $295,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $485,000 |
| 4 bedrooms | $580,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,000 |
| Previous Population (2020) | 14,500 |
| Population Change | 3.4% |
| 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 Stgeorges, Manitoba is currently experiencing a period of steady growth. With a median house price sitting at $485,000, the market has seen a year-over-year increase of 3%. This indicates a healthy demand for housing in the area, with prices growing at a stable rate. Similarly, the median apartment price is $295,000, having risen by 2.5% year-over-year. Such growth is reflective of an active market that is not overheated, suggesting sustainable long-term appreciation.
Investment Opportunities and Potential
The real estate landscape in Stgeorges presents attractive opportunities for investors. The consistent rise in property values coupled with a significant population growth rate of 3.4%, points towards an increasing demand for housing. This trend is likely to continue as Stgeorges’s population, currently at 15,000, expands further. Investment in both residential properties and rental apartments seems promising given the steady price appreciation and the potential for rental income driven by population growth.
Future Market Outlook
The future outlook for Stgeorges’s real estate market appears optimistic. Considering the current trends and demographic indicators, it is reasonable to expect continued growth both in terms of property values and demand for housing. The strong population growth rate suggests that Stgeorges will remain an attractive destination for both residents and investors alike. As long as economic conditions remain favorable and infrastructure development keeps pace with population expansion, the real estate market in Stgeorges is well-positioned for sustained growth.
