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 currently reflects a stable growth pattern. The median house price stands at $500,000, with an upward trend of 3.5% year-over-year, which suggests a healthy demand for single-family homes. This steady increase can be attributed to the region’s economic stability and the influx of new residents.
For apartments, the median price is $300,000 with a slightly lower growth rate of 2.1% year-over-year. The more modest growth in apartment prices compared to houses indicates that the market for apartments is expanding at a measured pace, potentially due to a surge in rental demand or an increase in first-time homebuyers looking for more affordable entry points into the real estate market.
The population in St-Pierre-Jolys has reached 15,000 residents and is exhibiting a robust growth rate of 7.1%. This demographic expansion is likely contributing to the ongoing demand for housing in the area.
Investment Opportunities and Potential
The current market conditions signal promising investment opportunities in St-Pierre-Jolys. The consistent rise in house prices points towards a seller’s market where investors could potentially reap significant capital gains on their properties over time.
With the population on an upward trajectory, there is potential for further development of residential properties to meet the growing demand. Investors may find opportunities in both new construction and renovation projects aimed at updating older housing stock to modern standards.
The growing interest in rental properties, as suggested by the stable apartment price trend, also presents an opportunity for investors to enter or expand within the rental market sector. Given the population growth, this sector is likely to see sustained demand.
Future Market Outlook
Looking ahead, the future market outlook for St-Pierre-Jolys appears optimistic. If current trends continue with stable economic conditions and population growth maintaining its pace, it is reasonable to expect that real estate property values will keep rising incrementally.
The sustained population increase should continue fueling demand for both home ownership and rental options. This dynamic bodes well for investors considering long-term holds on their property investments as well as developers looking at breaking ground on new construction projects.
In conclusion, given the current data and trends observed, St-Pierre-Jolys presents itself as an attractive market for real estate investment with potential for continued growth and profitability over the coming years.
