WINNIPEG - It is often said that Winnipeg’s real estate market is steady and stable. January exemplified this description by delivering a repeat performance from January 2017. It was uncannily similar in total MLS® sales, active and current listings, and dollar volume. MLS® sales of 571 and dollar volume of $156 million are both up less than 2% over January 2017. The inventory of 3,096 listings is almost identical to 2017 and current listings entered onto MLS® in January were just under 1,500 in comparison to 1,502 last year. “Too early to tell how much impact the new stress test…
February sales down 11%     WINNIPEG - It was an off month for WinnipegREALTORS® as February sales of 683 declined 11% from the same month last year and 10% over the 10-year average for February.  Year-to-date sales of 1,250 are 5% off the pace set in 2017 when there were 1,327 sales. Year-to-date dollar volume worth $352 million in real estate transactions is also down 5% from the same period last year.   When comparing MLS® listings to last year, overall supply is not the issue as the inventory at the end of February of just under 3,400 is equivalent to…
Solid December closes out a successful year of MLS® sales activity   WINNIPEG - A solid result in December of 635 MLS® unit sales and a dollar volume over $179 million capped off a successful year in 2017.   Actual percentage differences in comparison to December 2016 were relatively modest but positive with sales up 3%, dollar volume rising 7% and listings increasing 8%. All MLS® property types performed exceptionally well in December with only residential-detached experiencing a drop of 8% in sales. A total MLS® inventory of 2,851 listings is available for sale as 2018 begins.     2017 finished up strong with…
WINNIPEG - If you are going to duplicate a month’s sales activity, do it when it is a good one and that was the case in November. MLS®sales of 878 units in November were one sale higher than November 2016 and 4% above the 10-year average for this month. Only once in 2015 did November sales edge over 900, so not a big difference in sales.   A solid performance in November and year-to-date sales of 12,890 ensures 2017 will be no worse than second highest on record. 2016 was the best year ever with over 13,600 sales.   “A good rebound…
WINNIPEG - October salesdecreased 10% from October 2016 and were off 4% from the 10-year October average. The drop in sales activity was largely predominant in the residential-detached and condominium property types selling for under $300,000.   The sales decrease in part, was the result of being up against increased sales activity in early October 2016 because home buyers then wanted to maximize their buying power before the October 17th stress test came into effect on insured mortgages. The new qualification requirement meant applicants had to qualify for the five- year fixed term Bank of Canada rate of 4.64 per cent.  …
Murray McNeill. Winnipeg Free Press from 10/25/2017 The average selling price of a home in Winnipeg has more than tripled over the past two decades, according to a new study by Century 21 Canada. The firm said Monday it recently asked Century 21 agents across the country to look at how the price per square foot (PPSF) of typical home in their market has changed over the past 20 years. In the case of Winnipeg, they looked at the change in price for a detached bungalow that’s between 1000 and 1050 square feet in size. It found the PPSF went…
WinnipegREALTORS® has highest third quarter sales on record   WINNIPEG - September sales of close to 1,200 processed through WinnipegREALTORS® MLS® System closed off the third quarter with a record total of 3,916 sales, just ahead of the previous best third quarter in 2016.   September sales of 1,193 were down less than 2% from September 2016, the highest level of sales for the month of September in WinnipegREALTORS® 114-year history. The impressive third quarter sales activity moves total MLS® sales to just 11 sales shy of 11,000, the new benchmark sales level established in 2016 for the first three quarters.…
WINNIPEG - An exceptional month of June sales activity puts WinnipegREALTORS® commensurate to last year’s record-setting pace for the first half of the year. 2017 marks only the second time that sales have surpassed 7,000 by the end of June; 2016 being the first instance. For the first time, dollar volume has gone over $2 billion at the half-way mark of the year. June sales of 1,636 were two sales behind last year’s highest activity on record for the month, while dollar volume of $488 million increased 3% over the same month last year. Year-to-date sales of 7,070 were 14 sales…
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…
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