Kleefeld, 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
1. Current Market Conditions and Trends
The real estate market in Kleefeld, Manitoba is currently experiencing steady growth. With a median house price of $500,000, there has been a year-over-year increase of 3.5%. This indicates a healthy demand for detached homes and suggests a seller’s market where prices are likely to continue to rise due to competition among buyers.
Similarly, the median apartment price stands at $300,000, following a more modest growth trend of 2.1% year-over-year. This slower rate of increase compared to houses may reflect a more balanced market for apartments, with more options available for potential buyers or renters.
The population of Kleefeld has reached approximately 15,000 residents, with an impressive population growth rate of 7.1%. Such demographic trends are often indicative of an expanding local economy and could signal ongoing demand for housing as new residents seek accommodation.
2. Investment Opportunities and Potential
The consistent upward trajectory in housing prices suggests that Kleefeld remains an attractive area for real estate investment. Particularly, the detached housing sector shows significant investment potential given its higher growth rate.
The strong population growth presents additional opportunities for both residential and commercial property investments. As the community expands, there will be increased demand for rental properties, retail spaces, and service-oriented businesses that cater to the needs of a growing population.
The variety in price trends between houses and apartments could present diverse strategies for investors: acquiring single-family homes could yield capital gains in the long term, whereas investing in apartments might offer stable rental income with moderate appreciation.
3. Future Market Outlook
Looking forward, the future market outlook for Kleefeld remains optimistic. The robust population growth coupled with consistent increases in property values is indicative of sustained market health. If these demographic and economic trends continue, investors can expect continued appreciation in property values.
However, it is crucial to monitor external economic factors such as interest rates and employment levels which can impact buyer affordability and influence market dynamics. For now, Kleefeld’s real estate market appears poised for further growth and represents a promising area for investment considering current trends and local development plans.
