Kelwood, 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 Kelwood, Manitoba is currently experiencing a steady growth phase. With the median house price sitting at $500,000 and showing a year-over-year increase of 3.5%, the market is indicating healthy demand for residential properties. Similarly, the apartment sector is also on an upward trend with a median price of $300,000 and growing at a rate of 2.1% over the past year.
This growth can be partly attributed to Kelwood’s population expansion, which has surged by 7.1%. This demographic shift suggests an increasing need for housing and could be driving the prices upward. The consistent appreciation in property values indicates a stable market that has avoided volatile fluctuations, making it attractive to homeowners and investors alike.
Investment Opportunities and Potential
Given the current trends, Kelwood presents several enticing opportunities for real estate investment. The steady increase in property values coupled with significant population growth suggests a continuing demand for housing. Investors looking to purchase residential properties may find long-term capital gains in both houses and apartments, with houses showing a slightly higher appreciation rate.
The rental market may also offer potential due to the influx of new residents who may initially seek rental accommodations before purchasing homes. This scenario could lead to higher rental yields for investors as demand for rental units rises alongside population growth.
Moreover, the incremental yet consistent growth in property values provides a relatively low-risk environment for first-time investors or those looking to expand their portfolios into emerging markets.
Future Market Outlook
Looking ahead, the future market outlook for Kelwood appears optimistic. With a robust population growth rate that surpasses many other regions, there is potential for sustained demand in the housing market. Assuming that economic conditions remain favorable and the influx of new residents continues, property prices are likely to maintain their upward trajectory.
However, investors should remain cognizant of external economic factors that could impact interest rates and borrowing costs. A proactive approach towards monitoring these variables will be essential for capitalizing on Kelwood’s real estate market potential while mitigating risks associated with any unforeseen economic shifts.
In conclusion, Kelwood’s real estate market offers promising opportunities backed by solid data trends. Stakeholders should continue to observe market conditions closely to make informed decisions regarding their real estate investments in this vibrant community.
