Interlake Real Estate Market Update

December 2025 & Year-to-Date Review for Detached Homes

Detached single-family home sales, pricing, and market trends across Manitoba’s Interlake region, including Selkirk, Stonewall, Gimli, Teulon, Arborg and Riverton

Quick Snapshot — Interlake at a Glance

• December reflected a typical year-end slowdown, not a market decline.
• Homes that sold continued to sell close to asking price.
• 2025 results were driven by pricing accuracy and local demand.

Data current as of December 2025. Due to lower monthly volume in many Interlake communities, year-to-date trends provide the most reliable context.

Jump to a Section

• Overall Interlake Market Overview (YTD)
• South Interlake — Stonewall & Stony Mountain
• Selkirk & East Selkirk
• Gimli Area
• Teulon Area
• Arborg Area
• How Much Buyers Really Negotiated
• FAQ
• January 2026 Preview

Overall Interlake Market Overview (Year-to-Date 2025)

MLS Areas R12 / R19 / R26 — Selkirk & East Selkirk excluded

From January through December 2025, the Interlake real estate market followed a predictable seasonal rhythm. Sales activity built steadily through spring, peaked in summer, and slowed gradually into fall and winter — a pattern consistent with long-term Interlake trends rather than any structural market shift.

• ~480 detached homes sold YTD
• 20 detached sales in December
• December average days on market: ~36 days

Late-year increases in days on market reflected reduced urgency and fewer active buyers, not a lack of demand. Sellers who priced realistically continued to achieve results.

Relocating to the Interlake Region?
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South Interlake — Stonewall, Stony Mountain, Warren & Balmoral

Detached homes only

The South Interlake continued to function as a Winnipeg commuter extension throughout 2025. With approximately 94 detached sales year-to-date, this area showed the strongest price support in the region.

• YTD average price range: $430,000 – $540,000
• YTD sold-to-list ratio: High-90% range

December Snapshot

• 9 sales
• Average sale price: $433,878
• Median days on market: ~5 days
• Sold-to-list ratio: ~97.7%

This area rewarded confident but accurate pricing. Well-positioned homes attracted immediate buyer attention even in December.

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Selkirk & East Selkirk

Detached homes only — analyzed separately

• ~150 detached sales YTD

December Snapshot

• 11 sales
• Average sale price: $415,870
• Median sale price: $405,000
• Sold-to-list ratio: ~98.5%

Selkirk remained one of the most stable markets in the region, supported by deeper buyer pools and consistent year-round demand.

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Gimli Area — Gimli, RM of Gimli, Winnipeg Beach & Sandy Hook

• ~170 detached sales YTD
• YTD average price range: mid-$270,000s to mid-$340,000s

December Snapshot

• 2 sales
• Average sale price: $316,000
• Average days on market: ~79 days
• Sold-to-list ratio: ~95.2%

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Teulon Area — Teulon, Balmoral, Argyle & Komarno

The Teulon area experienced low but steady activity throughout 2025. Pricing outcomes varied widely due to limited comparable sales.

• YTD sales: Limited, sporadic
• Pricing driven by: Individual property positioning

December Snapshot

• No detached sales recorded

Zero-sale winter months are common in smaller Interlake communities and should not be misinterpreted as declining demand.

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Arborg Area — Arborg, Riverton & RM of Bifrost

• ~41 detached sales YTD
• YTD average price range: low $200,000s to mid-$300,000s

December Snapshot

• 4 sales
• Average sale price: $221,250
• Average days on market: ~26 days
• Sold-to-list ratio: ~95.3%

This area remained highly price-sensitive. Well-priced homes attracted buyers quickly regardless of season.

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How Much Buyers Really Negotiated in 2025

Across the Interlake, most homes sold between 95% and 98% of list price. This confirms a balanced market — buyers negotiated, but not aggressively.

Homes priced correctly achieved strong outcomes. Overpriced homes sat longer and adjusted.

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FAQ — Interlake Sellers Ask

Is the Interlake market slowing down?
No. December reflects seasonality, not weakening demand.

Do homes still sell close to asking price?
Yes. Most 2025 sales closed between 95%–98% of list price.

Does winter hurt my sale price?
Only if pricing ignores winter buyer behavior.

Should I wait until spring?
Not always. Less competition can benefit motivated sellers.

Is pricing more important than timing?
Yes — pricing accuracy mattered more than any seasonal factor.

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January 2026 Preview

• Early-year inventory levels and buyer carry-over
• Days on market trends entering Q1
• Early signs of recreational buyer re-engagement

January results will help establish pricing expectations for the first half of 2026.

Final Thoughts

The 2025 Interlake market rewarded precision over optimism. Homes that aligned with buyer expectations sold. Those that didn’t adjusted.

 Get a professional pricing review for your Interlake home » 

Source: Winnipeg Regional Real Estate Board (WRREB)