Kingswood, Manitoba Real Estate Market Data
Updated: Nov 2024
House
| Median price | $510,000 |
| Monthly growth | 1.5% |
| Quarterly trend | 4.0% |
| Stock on market | 0.6% |
Apartment
| Median price | $315,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $510,000 |
| 4 bedrooms | $610,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $260,000 |
| 2 bedrooms | $360,000 |
| 3 bedrooms | $460,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
In Kingswood, Manitoba, the real estate market is currently experiencing steady growth. With a median house price of $510,000 and an appreciative trend of 4% year-over-year, the market is showing healthy signs of progression. Similarly, apartments are following an upward trajectory with a median price of $315,000 and a growth rate of 2.5% year-over-year. These figures indicate consistency in property value increases which is a positive signal for homeowners and investors alike.
The population in Kingswood stands at 15,500 with a notable growth rate of 3.3%. This demographic expansion suggests a growing demand for housing which could contribute to sustaining property value appreciation over time. The demand is likely fueled by factors such as employment opportunities, lifestyle quality, and the overall attractiveness of the Kingswood area.
Investment Opportunities and Potential
The steady increase in property prices coupled with continuous population growth positions Kingswood as a promising locale for real estate investment. For investors considering long-term capital gains, purchasing residential properties now could yield significant returns as market trends suggest ongoing price escalations.
Investment in apartments may be particularly attractive due to their lower entry cost and consistent year-over-year price increment of 2.5%. This offers a more accessible opportunity for investors with limited capital who are looking to enter the real estate market or diversify their portfolio.
Moreover, rental properties could benefit from the expanding population as newcomers will need accommodations, potentially driving up rental demand and rates. Investors should analyze local rental market dynamics to evaluate the potential for positive cash flows from rental income.
Future Market Outlook
The future market outlook for Kingswood appears optimistic. The combination of ongoing population growth and sustained property value increases suggests that the real estate market has strong fundamentals to support further growth. Should these trends continue, Kingswood may see persistent demand for both residential purchases and rentals.
However, potential investors should remain vigilant regarding broader economic conditions that may affect interest rates or employment stability within the region. Monitoring key economic indicators and staying informed on provincial and national housing policies will be crucial in making well-informed investment decisions in Kingswood’s promising but ever-evolving real estate landscape.
