Inwood, 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 Inwood, Manitoba, is experiencing steady growth as indicated by the year-over-year increase in property values. The median house price currently stands at $500,000, which marks a 3.5% increase from the previous year. Similarly, apartments have seen a growth trend with the median price reaching $300,000, reflecting a 2.1% increase year-over-year.
This consistent upward trajectory in property values can be partly attributed to Inwood’s growing population, which has seen a 7.1% growth rate. As more people are drawn to the area, demand for housing is likely pushing prices upward. However, it’s important to note that while the market is growing, the percentage increase in apartment prices is slightly lower than that of houses, suggesting a potentially higher demand for single-family homes in Inwood.
Investment Opportunities and Potential
The real estate market in Inwood offers promising investment opportunities, particularly in residential properties. Given the median house price of $500,000 and a steady appreciation rate, investing in single-family homes could yield solid returns over time. The current trends suggest that there is sustained demand which is expected to continue alongside population growth.
Apartments also present an opportunity for investors looking for more affordable entry points into the market at a median price of $300,000. While their appreciation rate is lower compared to houses at 2.1%, they could offer stable rental income prospects due to an increasing population that may include renters seeking housing options within this price range.
For investors focused on long-term gains, both houses and apartments in Inwood seem to offer potential due to consistent price increases and demographic growth indicators.
Future Market Outlook
The future of Inwood’s real estate market appears optimistic based on current trends and demographic data. Continued population growth at 7.1% will likely perpetuate the demand for housing, further strengthening the market’s stability and potential for appreciation.
However, investors and homebuyers should keep an eye on economic factors such as employment rates, local development projects, and interest rates that could influence market dynamics. If these factors remain favorable and supportive of growth, it is reasonable to expect that both house and apartment values will continue their upward trend.
In conclusion, Inwood’s real estate market holds promising prospects for investment and growth based on current statistics and trends. A robust understanding of local and broader economic indicators will be key for making informed decisions in this active market.
