Keeseekoowenin, 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 Keeseekoowenin, Manitoba, is currently characterized by steady growth. The median house price stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a healthy appreciation rate for homeowners and a stable investment environment for potential buyers. Similarly, the apartment sector has seen growth, with the median apartment price reaching $300,000 and growing at a slightly more modest pace of 2.1% year-over-year.
Keeseekoowenin’s population has grown significantly by 7.1%, which may contribute to increased housing demand. The consistent population growth implies a potentially larger pool of renters and buyers, particularly important for investors considering the rental market or property flips.
Investment Opportunities and Potential
The current trends in Keeseekoowenin suggest several investment opportunities. Given the steady appreciation in property values, purchasing residential properties could be a sound investment strategy. Specifically, investing in houses is likely to yield higher capital gains based on the current 3.5% growth trend, compared to apartments.
The population growth also presents an opportunity for investors looking to enter the rental market. A larger population often leads to higher demand for rental units, which could drive up rental yields and reduce vacancy rates for landlords.
Investors should also consider the development potential in Keeseekoowenin as new residents may require additional services and amenities. This could open up opportunities in commercial real estate or in developments that combine residential and commercial uses.
Future Market Outlook
The future market outlook for Keeseekoowenin remains positive based on current trends. If the population continues to grow at a similar rate, demand for housing is likely to remain strong which would support ongoing property value appreciation. Additionally, as more people move to the area, there may be an increasing demand for diverse housing options including townhouses, condominiums, and detached homes.
However, it’s important to note that external economic factors such as interest rates, employment rates, and regional economic developments can impact these predictions. Investors should keep abreast of local and national economic news to make informed decisions about entering or exiting the Keeseekoowenin real estate market.
In conclusion, while current indicators are positive for both property owners and potential investors in Keeseekoowenin’s real estate market, careful consideration of broader economic conditions is essential when making investment decisions.