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 in Kelwood, Manitoba
The real estate market in Kelwood, Manitoba is currently experiencing steady growth. The median house price in the area stands at $500,000, reflecting a year-over-year increase of 3.5%. This indicates a stable market with moderate appreciation in property values, which is attractive for both homeowners and investors seeking capital gains. Similarly, the median apartment price has seen a growth of 2.1% from the previous year to a current price of $300,000.
The population of Kelwood has reached 15,000 with a notable growth rate of 7.1%. This significant increase may be indicative of a growing economy and an influx of new residents searching for housing opportunities. Such demographic shifts suggest continued demand for housing which may contribute to the sustained health of the real estate market.
Investment Opportunities and Potential in Kelwood
Considering the positive trends in housing prices and population growth, Kelwood offers appealing investment opportunities. The consistent increase in property values provides investors with the potential for capital gains over time. Additionally, the rising population is likely to boost demand for both ownership and rental properties, potentially leading to higher occupancy rates and rental income for investors.
With apartments showing a modest yet steady price increase of 2.1% year-over-year, investment in multi-family dwellings could be particularly advantageous for those looking to enter the rental market or expand their portfolio. The lower entry point for apartments compared to houses may also attract first-time investors.
Future Market Outlook for Kelwood
The future market outlook for Kelwood remains optimistic based on current trends and data analysis. The consistent growth in property values suggests that the market is resilient and likely to continue its upward trajectory. The robust population growth rate further supports this outlook, as it points to an increasing need for housing which can drive both sales and rental markets.
If current conditions prevail, investors can reasonably expect ongoing appreciation in property values along with healthy demand. However, it’s important for potential buyers and investors to consider local economic factors, interest rates, and national real estate policies which could impact future market conditions. Diligent monitoring of these variables will be key to making informed decisions within the Kelwood real estate market.
