This great little infographic shows average days on market for all major Canadian cities - and it shows how great we have it in Winnipeg right now!
If you have any questions about the housing market, or would like a no-pressure, no-obligation evaluation of your real estate needs, please contact me today!
Despite the many factors impeding sales in 2018, most notably multiple rate hikes and stress tests for both insured and non-insured mortgages, the doom and gloom we've heard of in regards to the housing market just doesn't seem to have affected Winnipeg.
Residential detached sales sold at an average price of $321,849, an increase of 2% over year-end 2017.
Sales for 2018 were down less than 3% from the 5-year average (with 2016 being a record setting year), and only 1% lower than the 10 year average.
Winnipeg remains a stable and affordable place to live!
The Winnipeg housing market continues steady growth, showing dollar volume up 7% over year-end 2016, and a new dollar volume record of 3.92 BILLION in MLS sales!
Are you curious what your home is worth? Call me today for a no pressure, no obligation market evaluation!
The November 2017 sales stats are out - and this November has proven to be the second best on record, only slightly behind November 2016!
Even more surprisingly are the sales in the higher-end market, with 50 sales of residential detached homes over 500k this month, and 4 over 1 million!
Overall, Winnipeg is showing a balanced market, however the following neighbourhoods are short in supply and still in seller market territory: Riverview, Crescentwood, River Heights, Wolseley, Southdale, Fort Garry, Lindenwoods, Garden Grove and Harbourview South.
Is a sale in your future? I'd love to sit down with you and come up with a plan to deal with your real estate needs! Call me today!