Goodlands, 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
The real estate market in Goodlands, Manitoba is currently characterized by a steady growth in property values. The median house price stands at $500,000, with a year-over-year increase of 3.5%. This trend indicates a healthy demand for housing in the area, likely driven by favorable local economic factors and demographic shifts. Similarly, the median apartment price has risen to $300,000, showing a slightly slower year-over-year growth rate of 2.1%.
The population of Goodlands has been growing at a significant rate of 7.1%, now reaching 15,000 residents. This population growth not only reflects the town’s attractiveness but also suggests a potential increase in housing demand. The current trends are marked by consistent price appreciation, which may attract homeowners looking for long-term value retention and appreciation.
Investment Opportunities and Potential
The investment potential in Goodlands’ real estate market is underscored by the sustained increase in property values. Investors considering this market can expect stable returns on investment, particularly if they focus on long-term capital gains.
Residential properties seem especially promising due to the ongoing population growth. Investors could benefit from acquiring properties to cater to new residents or those seeking to upgrade their living situations as their personal finances improve alongside the local economy.
Furthermore, with apartment prices experiencing a more moderate growth rate than houses, there may be opportunities for investors to enter the market at a lower point and capitalize on rental demand which is likely to rise as the population increases.
Future Market Outlook
The future outlook for Goodlands’ real estate market remains optimistic. Given the solid year-over-year growth in property values and robust population increase, it is reasonable to anticipate that these trends will continue in the near future. The sustained demand for housing should drive further appreciation in house and apartment prices.
Additionally, if local economic conditions remain favorable and support job creation, Goodlands could see an influx of new residents seeking employment opportunities – this would further bolster housing demand.
In conclusion, while no market is without risk, current data suggests that Goodlands represents an attractive market for both residential property buyers and real estate investors focused on medium to long-term horizons.
