Real Estate Market Report for
Gull Lake, MB

Updated : Aug 2016
House
  • Median price $282,400
  • Monthly growth -5.83 %
  • Quarterly trend
  • Stock on market 0.08%
Apartment
  • Median price
  • Monthly growth
  • Quarterly trend
  • Stock on market
Gull Lake Home Price

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The median asking price in Gull Lake is $282,400, an improvement on the median three months ago which was $259,900 .

The $282,400 price tag on the median Gull Lake home means that it is above the cost of most houses in the country.

If you’re looking at investment properties in Gull Lake, then you’re most likely to find homes with 4 bedrooms on sale this month.

This month we track 158th neighbourhoods in Manitoba, and Gull Lake has the 158th most choice available for real estate investors.

Can we guarantee how well Gull Lake is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

Because the amount of real estate listed for sale has decreased it looks like housing market forces in neighbourhood are likely to put upwards pressure on house prices.

It’s never an exact art, but to try to forecast how property is going to appreciate in Gull Lake for investors, it’s important to look at data like:

If you are looking at investment properties in Gull Lake, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Beds Median price (House) Median price (Apartment)
3 bedrooms $219,950
4 bedrooms $337,400
Demographics
  • Population in 201110505
  • Population in 20069706
  • 2006 to 2011 population change (%)8.2
  • Total private dwellings5191
  • Private dwellings occupied by usual residents3992
  • Population density per square kilometre14.4
  • Land area (square km)728.65
  • Age Characteristics
    Total population by age groups 10505
    0 to 4 years 465
    5 to 9 years 555
    10 to 14 years 775
    15 to 19 years 735
    15 years 145
    16 years 150
    17 years 160
    18 years 160
    19 years 115
    20 to 24 years 535
    25 to 29 years 370
    30 to 34 years 485
    35 to 39 years 595
    40 to 44 years 815
    45 to 49 years 1065
    50 to 54 years 1025
    55 to 59 years 875
    60 to 64 years 810
    65 to 69 years 585
    70 to 74 years 350
    75 to 79 years 235
    80 to 84 years 120
    85 years and over 105
    Median age of the population 44.5
    % of the population aged 15 and over 83
  • Marital Status
    Total population 15 years and over by marital status 8715
    Married or living with a common-law partner 5860
    Married (and not separated) 5105
    Living common-law 750
    Not married and not living with a common-law partner 2855
    Single (never legally married) 1935
    Separated 190
    Divorced 365
    Widowed 360
    Family Characteristics
    Total number of census families in private households 3225
    Size of census family: 2 persons 1660
    Size of census family: 3 persons 645
    Size of census family: 4 persons 660
    Size of census family: 5 or more persons 265
    Total number of census families in private households 3225
    Total couple families by family structure and number of children 2895
    Married couples 2515
    Without children at home 1215
    With children at home 1305
    1 child 485
    2 children 575
    3 or more children 235
    Common-law couples 375
    Without children at home 235
    With children at home 140
    1 child 65
    2 children 55
    3 or more children 20
    Total lone-parent families by sex of parent and number of children 335
    Female parent 220
    1 child 135
    2 children 60
    3 or more children 25
    Male parent 110
    1 child 75
    2 children 30
    3 or more children 5
    Total children in census families in private households 3175
    Under six years of age 545
    6 to 14 years 1160
    15 to 17 years 450
    18 to 24 years 690
    25 years and over 330
    Average number of children at home per census family 1
  • Household And Dwelling Characteristics
    Total number of persons in private households 10395
    Number of persons not in census families 1100
    Living with relatives 180
    Living with non-relatives only 150
    Living alone 765
    Number of census family persons 9295
    Average number of persons per census family 2.9
    Total number of persons 65 years and over in private households 1385
    Number of persons not in census families aged 65 years and over 320
    Living with relatives 45
    Living with non-relatives only 20
    Living alone 250
    Number of census family persons aged 65 years and over 1070
    Total number of private households by household type 3995
    Census-family households 3150
    One-family-only households 2945
    Couple-family households 2700
    Without children 1345
    With children 1360
    Lone-parent-family households 245
    Other family households 205
    One-family households with persons not in a census family 135
    Couple-family households 95
    Without children 40
    With children 55
    Lone-parent-family households 40
    Two-or-more-family households 75
    Non-census-family households 835
    One-person households 765
    Two-or-more-person households 75
    Total number of occupied private dwellings by structural type of dwelling 3995
    Single-detached house 3370
    Apartment, building that has five or more storeys 110
    Movable dwelling 480
    Other dwelling 30
    Semi-detached house 0
    Row house 5
    Apartment, duplex 0
    Apartment, building that has fewer than five storeys 20
    Other single-attached house 0
    Total number of private households by household size 3995
    1 person 765
    2 persons 1560
    3 persons 655
    4 persons 670
    5 persons 240
    6 or more persons 95
    Number of persons in private households 10395
    Average number of persons in private households 2.6
Census 2011

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