RECORD YEAR FOR MLS® SALES IN 2016

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 southwest exposure of the river. It sold for $362,900.

This sales dollar amount adds to the $3.6 billion worth of transactions put through WinnipegREALTORS® MLS® up until the end of November.  A new annual dollar volume record was already established in November when the 2015 total of just over $3.5 billion was eclipsed.  

“We indicated earlier in the year a number of positive factors were setting up well to generate strong sales activity through our MLS® this year,” said Stewart Elston, president of WinnipegREALTORS®. “Though until we get through the most active second quarter of real estate sales activity, it is hard to be so bold to predict toppling a nine year record.”

Elston added, “As for the actual MLS® unit which took us over the top, I am not entirely surprised as we have in the last few years seen a marked increase in new condominium projects which our REALTORS® are actively representing and marketing.”