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MAY DELIVERS BEST MONTH EVER WINNIPEG - While May is not a make or break month for the year, it has proven to be the busiest month of real estate activity for WinnipegREALTORS® and one the 114 year-old association counts on to contribute measurably to the year–end total. 2017 did not disappoint. May 2017 ushered in an all-time record sales and dollar volume month with MLS® sales just shy of 1,700 and dollar volume flirting with the one-half billion or $500 million mark. May sales of 1,696 were up 4% while dollar volume of $499.4 million increased 8% in comparison to…
April MLS® Sales Fall Off First Quarter Pace WINNIPEG - After a solid first quarter of MLS® sales activity, April sales were more subdued. Unit sales of 1,300 were down 5% from a record April in 2016 but still up 2% over the 10-year average for this month. MLS® dollar volume decreased 1% in April however for the first four months is up 2% to $1.08 billion. New MLS® listings in April fell 5% while the inventory or active listings at the end of April is down 7%. The percentage of new listings being converted to sales is in line…
MARCH MLS® SALES UP 5% WINNIPEG - In March, 1,111 MLS® listed properties sold in the Greater Winnipeg market region, which is an increase of 5% over March 2016 and 8% over the 10-year average for this month. Dollar volume rose 10% to $326 million. This is the first time in March there has been over $300 million in MLS® sales transactions. MLS® listings entered in March were right in line with last year at 2,200 though active listings or inventory of 3,903 listings going into April is down 9% from 2016. This is largely due to a very active 2016…
January MLS® Sales Drop 2% Condominium sales showed a marked jump in activity compared to January 2016 with a 36% increase. They are also up 17% over the 10-year average for January condominium sales. Overall, MLS® sales were slightly off last January’s total – ten sales to be exact. And similarly since residential-detached on WinnipegREALTORS®’ MLS® is by far the most dominant property type, there were sales of 400 compared to 409 in January 2016. New MLS® listings coming on the market in January were down slightly too with residential-detached much the same and condominiums seeing a 5% increase over…
A NEW ANNUAL MLS® SALES RECORD SET IN 2016 Over 13,600 MLS® Sales Worth $3.78 Billion in Dollar Value WINNIPEG - 2016 was a banner year for WinnipegREALTORS®. Both MLS® sales and MLS® dollar volume established new all-time highs in the Association’s 113-year history. In the case of sales, the 13,632 sales transacted in 2016 rose 5% over 2015 and 4% over the previous record of 13,079 sales in 2007. Dollar volume of $3.78 billion exceeded last year’s record high of $3.50 billion by nearly 8%. Annual records for dollar volume have been achieved for 16 consecutive years.…
RECORD YEAR FOR MLS® SALES IN 2016 Sales Surpass the Previous 2007 Record Total of 13,079 WINNIPEG- With time to spare and a number of December sales still to come before year end, WinnipegREALTORS® this week recorded its 13,080 MLS® sale. It breaks the previous all-time sales record set in 2007 of 13,079 sales. The actual unit to supplant WinnipegREALTORS® nine-year previous sales record is a new 2 bedroom 1,351 sq. ft. apartment style condominium unit at Riverstone Terrace Condominiums in South St. Vital. It is nestled along the Red River with a balcony which takes full advantage of a…
ON THE CUSP OF A NEW MLS® ANNUAL SALES RECORD November Delivers Solid Results with 877 Sales WINNIPEG - November MLS® sales activity was less than 3% off the best November ever in 2015 when it eclipsed 900 sales. This solid result ensures the addition of sales in December to the November year-to-date total will usher in a new all-time annual sales record for WinnipegREALTORS®. It will replace 2007 as the top sales year ever in the association’s 113 years of operation. November sales of 877 were down less than 3% from November 2015 while dollar volume of $243…
OCTOBER MLS® SALES UP 5% Sales On Pace to Set New Annual MLS® Sales Record WINNIPEG - Above average sales in October set the stage for a new annual sales record in WinnipegREALTORS® 113th year of serving the Greater Winnipeg Area real estate market. October sales of 1,138 were up 5% over October 2015 and likewise over the 10-year average for this month. October dollar volume of close to $310 million increased 9% over the same month last year. Year-to-date sales of over 12,000 are 7% ahead of the same period last year and are well within reach of eclipsing…
ANOTHER MLS® RECORD SET IN SEPTEMBER- - - Only Second Time September Eclipses 1,200 Sales WINNIPEG - 2016 has been firing on all cylinders with yet another best result for MLS® sales activity in the month of September. Sales of 1,216 eked out a slight edge over 2011 and are only the second time sales in September have gone over 1,200. As a result, year-to-date sales of 11,000 are at their highest level ever for nine months and similarly dollar volume reached $3 billion for the first time with three months to go. “We are without question enjoying a record-setting sales…
August MLS® Sales UP 7% - - - A New August Benchmark of Over 1,300 Sales WINNIPEG - Summer vacations, the Olympics, Folklorama, Blue Bomber winning streak, and other August activities did not get in the way of buyers taking advantage of a healthy supply of some of the most affordable house prices in the country. August was indeed splendid with a new benchmark in sales established. For the first time in August, MLS® sales went over 1,300 to finish at 1,350. This represents an 11% increase over the 10-year average for this summer month and sets up a potential record-breaking…
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JULY MLS® SALES of 1,350 NOT AS HOT AS LAST FEW YEARS - - - July Sales Down 3%; Dollar Volume Off 2% WINNIPEG - July sales finished slightly above the 10-year average of 1,330 MLS® sales for this summer month. However they fell short of last year’s near 1,400 sales and the record year of 2014 when July sales reached close to 1,500. Despite the year’s July numbers, year-to-date MLS® sales activity is ahead of any previous year with 5 months to go. Both new listings coming on the market in July and the inventory at the end of…
The Crown Corporation reports an increase in worrying conditions in Canada’s housing market, and rings the warning bell for overvaluation in many cities.“For Canada overall, we now detect strong evidence of overvaluation. As a result, our overall assessment has moved from weak to moderate since the last report,” Bob Dugan, CMHC’s chief economist, said. “Moreover, the greater range of evidence of problematic conditions in Vancouver has led us to conclude that there is now strong evidence of problematic conditions in our overall assessment of the Vancouver housing market.”CMHC now believes overbuilding currently plagues seven markets, including; Calgary, Saskatoon, Regina, Winnipeg,…
M LS® SALES REACH NEW JUNE RECORD HIGH OF 1,638 - - - MLS® Sales Up 9%; MLS® Dollar Volume Rises 13% WINNIPEG - Back to back months of the second and third best months ever on record with 1,638 transactions in June and 1,629 in May makes 2016 the most active year for the first six months and second quarter. Only May 2007 is higher than this June at 1,652 sales. The next busiest second quarter on record was in 2008 when again there were back to back outstanding monthly results with May and June each recording 1,564 sales.…
MAY 2016 MLS SALES STATISTICS Highest Ever Monthly MLS® Dollar Volume Total of $460 Million WINNIPEG - May 2016 showed stellar results with MLS® sales surpassing 1,600 for only the third time in WinnipegREALTORS® 113-year history. MLS® dollar volume followed suit with a new all-time monthly record of $460 million. 2016 is picking up where 2015 left off with a full recovery in condominium sales from early last year and residential-detached sales continuing to shine and show gains over the previous year. Beyond the two main property types, sales increases are also occurring in most others such as duplexes, vacant land,…