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 (2024) | 15,000 |
| Previous Population (2019) | 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 Kleefeld, Manitoba currently exhibits steady growth. With a median house price at $500,000 and experiencing a year-over-year increase of 3.5%, the market is showing healthy demand for single-family homes. Similarly, the median apartment price stands at $300,000, with a more modest growth trend of 2.1% year-over-year. This indicates a sustained interest in multi-family dwellings as well, though the appreciation rate is slower compared to houses.
The population of Kleefeld has seen significant growth at 7.1%, which suggests an influx of new residents and potential for increased housing demand. The current trends point towards a market that is expanding steadily, supported by demographic growth and stable economic conditions in the region.
Investment Opportunities and Potential
Kleefeld presents several investment opportunities, particularly in the residential sector. The consistent rise in property values indicates a reliable market for both flipping houses and long-term property investments. Given the solid population growth rate, there is potential for both rental and owner-occupied markets to thrive.
In light of these factors, investors could benefit from diversifying their portfolios with properties in Kleefeld. New constructions and developments may be particularly lucrative given the population increase. Moreover, with house prices growing at a faster pace than apartments, investing in single-family homes could yield higher capital gains over time.
Future Market Outlook
The future outlook for Kleefeld’s real estate market remains positive given current trends and underlying demographics. Should the population continue to grow at or above the current rate of 7.1%, demand for housing is likely to remain robust. This suggests that both median house prices and apartment prices could continue their upward trajectory albeit potentially at different paces.
However, investors should monitor local economic developments, interest rates, and housing supply closely as these factors can significantly influence market dynamics. Nonetheless, if present conditions persist, Kleefeld’s real estate market may continue to offer promising opportunities for investment and growth over the coming years.
