Stpierrejolys, 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
Current Market Conditions and Trends
The real estate market in St-Pierre-Jolys, Manitoba is currently experiencing steady growth. With a median house price of $500,000, the market has seen an appreciable year-over-year increase of 3.5%. This suggests a healthy demand for housing in the area that is likely driven by the town’s growing population, which now stands at 15,000 residents. The population growth rate of 7.1% further underlines the increasing demand for housing.
Similarly, the apartment sector reflects moderate growth with a median price of $300,000 and a year-over-year price trend showing an increase of 2.1%. This is indicative of a consistent but slightly slower pace of appreciation in the apartment market compared to houses.
The current trends suggest that St-Pierre-Jolys is expanding at a stable rate with real estate prices reflecting a gradual upward trajectory. Such conditions present an opportune environment for both homeowners and investors alike.
Investment Opportunities and Potential
Given the ongoing population growth and rising property values, St-Pierre-Jolys presents promising investment opportunities. The steady increase in median house prices suggests that single-family homes are particularly attractive as investment properties with the potential for capital gains over time.
Apartments also offer investment potential due to their lower entry price point and consistent appreciation, though at a somewhat slower rate. Investors might particularly be interested in multi-unit residential properties or developing rental units to cater to the growing population.
The town’s positive economic indicators suggest that investing in St-Pierre-Jolys could yield favourable returns, especially for those who are looking to invest long-term. With ongoing development and infrastructural improvements in the area, there is potential for both rental income and property value appreciation.
Future Market Outlook
The future outlook for St-Pierre-Jolys’ real estate market remains optimistic given current trends and demographic data. Assuming the continuation of population growth at or near current rates, demand for housing is likely to sustain or potentially increase.
If current economic conditions persist, we can expect further gradual increases in property values across both housing and apartment sectors. Nevertheless, investors should remain vigilant about regional economic changes or shifts in national housing policies that could impact local market conditions.
In conclusion, while no market analysis can guarantee future performance, the data points towards St-Pierre-Jolys being a robust market with sound prospects for those looking to purchase property or invest in real estate within the region.
