Teulon, 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 (2025) | 15,000 |
Previous Population (2020) | 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 in Teulon, Manitoba
The real estate market in Teulon, Manitoba, is currently characterized by a dynamic growth trajectory. The median house price in the area stands at $500,000, with a positive year-over-year increase of 3.5%. This indicates a healthy market with consistent appreciation in property values. Similarly, the median apartment price has been observed at $300,000, with a slightly lower appreciation trend of 2.1% year-over-year.
The population of Teulon has reached approximately 15,000 residents, reflecting a notable growth rate of 7.1%. This demographic expansion is indicative of an increasing demand for housing in the region and suggests that the market is buoyed by a growing community looking for homes and investment opportunities.
Investment Opportunities and Potential in Teulon, Manitoba
With the current upward trends in property values and a robust population growth, Teulon presents attractive investment opportunities. The steady increase in median house and apartment prices demonstrates resilience and potential for sustainable returns on real estate investments. Investors considering entry into the Teulon market can be encouraged by the consistent growth pattern which may predict continued appreciation of property values.
Additionally, the influx of new residents implies a higher demand for both rental and owner-occupied properties. This could open up possibilities for investors to engage in development projects or to purchase properties to meet the rental needs of a growing populace.
Future Market Outlook for Teulon, Manitoba
The future outlook for Teulon’s real estate market appears promising based on current data trends. The ongoing population growth suggests that the demand for housing will continue to rise. Assuming that economic conditions remain stable and supportive of market growth, investors can expect this trend to persist.
The current 3.5% and 2.1% year-over-year increases in house and apartment prices respectively are indicators of a steady market capable of delivering value over time. Should these trends maintain their course, Teulon may see continued real estate development and investment activity, contributing positively to the local economy.
In conclusion, careful monitoring of economic drivers and policy changes will be essential for investors looking to capitalize on Teulon’s real estate market potential. The existing data suggests an optimistic future for both homeownership and investment opportunities within this vibrant Manitoban community.