Stonewall, 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 (2024) | 15,000 |
| Previous Population (2019) | 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
1. Current Market Conditions and Trends
The real estate market in Stonewall, Manitoba, is currently experiencing a period of steady growth. The median house price in the area stands at $500,000, with a year-over-year increase of 3.5%. This suggests a stable market with modest but consistent appreciation in home values. Similarly, the apartment market has seen a slightly lower growth rate, with median prices at $300,000 and an annual trend of 2.1% increase.
These trends are occurring against the backdrop of significant population growth. Stonewall’s population has grown by 7.1%, indicating a rising demand for housing in the area. The combination of population growth and steady price appreciation points to a healthy real estate market that is attracting interest from both buyers and sellers.
2. Investment Opportunities and Potential
Given the current market conditions, Stonewall presents several attractive investment opportunities. The consistent rise in property values at rates above inflation suggests potential for capital gains over time. Investors looking to purchase residential properties to rent out may find Stonewall’s growing population as a promising sign for rental demand.
The more moderate price increase in apartments compared to houses indicates that there might be room for greater appreciation in this segment over the coming years, especially as the town’s population continues to climb. This could present an opportunity for investors to enter the market at a lower price point.
Moreover, new developments and infrastructure projects prompted by the population growth could lead to improvements in local amenities and services, further enhancing property values and investment potential.
3. Future Market Outlook
The outlook for Stonewall’s real estate market remains optimistic based on current trends and demographic shifts. The ongoing population increase is likely to continue fueling demand for housing, which could lead to sustained or even increased rates of price appreciation across all types of properties.
Investors and homebuyers can expect the local real estate market to remain robust if current economic conditions persist and the town maintains its appeal as a desirable place to live within Manitoba. Nevertheless, potential investors should monitor local economic indicators and development plans closely as these factors will significantly influence future market performance.
