New on the market! Great starter home with 3 bedrooms,1 and a half bathrooms, double detached garage, fully finished basement. Freshly painted throughout, new laminate flooring on main floor, new light fixtures, bathrooms renovated. Just move in!
Contact us for more info!
We’d like to wish everyone a happy holidays! Just a friendly reminder, if you’re having a drink or two with friends and family, please play it safe and take a taxi or have a designated driver when you go home.
After prepping the home (staging, cleaning, etc), a bunch of advertising, 2 open houses, and a week of showings, we had 3 offers on 2 Morongo on Monday. It’s in the newer part of Garden City off of Swailes Ave.
Negotiations took awhile but the sellers decided to take the offer that best suited their needs. Sellers were pretty happy about the price they received and so were we. I also had a chance to show the home to the buyers after all the conditions were satisfied and they were very excited about the house as well.
List price - $299,900
Sold price - $320,000
On a side note: We had a chance to see the house virtually identical to this one down the street. It too just recently sold but for $307,000. It’s pretty interesting how 2 houses that were pretty similar sold for 2 different prices.
510 River Road is now sold. Happy buyers and happy sellers! Congrats!
Come check out this almost new 2 storey home for $299,900 in West Kildonan/Garden City, just off of Swailes Ave. Showings start Dec. 7 and offers on Dec 14. Open house Dec.12 & 13. 1-4 pm. Only a year old!! 3 bedroom 2 storey house with lots of upgrades. This corner house is just under 1700 sq ft, 2.5 baths and each room with its on cable and internet hook up. Other features include central air, alarm, 60 gallon electric hot water tank, garage door opener, 200 watt amp service. Built on piles. All appliances included - less than a year old. A must see!
We’ve drastically reduced the price on this beautiful 2 storey home in St. Vital. The asking price is now only $269,900! We going to be holding an open house on December 4 & 5 between 2-4pm. Come by and take a look!
It’s time to spice up this boring blog!
We’ve been super busy with editing the site, real estate, etc lately. Now that we’re organized we plan on updating this blog often. We have big plans for this blog. We plan on adding videos, buying/selling tips, and keeping you updated with the Winnipeg Real Estate market.
One of the first things we’ll do is keep you guys updated with our listings and our activities (hopefully you guys care — if not, too bad for you!). Second, we’ll start to add videos about info on real estate and also on Winnipeg in general.
We’re also working on setting up a Facebook group and learning how to use Twitter so we can stay connected with our current clients and also future clients as well. Even though we’re pretty young, we’re not big Facebook and Twitter people which is weird because everyone else we know uses them. We’re working on changing that.
Keep checking back!
We have decided that we don’t have enough time to maintain the forums. So we are going to take it down indefinitely.
August MLS® Dollar Volume Reaches $231 million
WINNIPEG - While MLS® sales in August fell short of last year’s mark by only 17 sales and 11 % off the best sales month on record for August in 2005, this year’s August, based on prices in general being slightly better in comparison to last year, recorded its best dollar volume result ever for this month at $231 million. It also paves the way for the third consecutive year of $2 billion worth of MLS® sales activity as year-to-date dollar volume now sits at $1.75 billion.
August 2009 also saw WinnipegREALTORS® record its 8th million dollar plus home sale which is equal to the most sales ever sold in one year in this price range. It was an impressive newly built home in Waverley West that sold for $1,290,000. With four months to go, there is a distinct possibility another one or more luxury homes may sell before year end. There are currently 18 million dollar plus MLS® listings - 16 homes and 2 condominiums. The highest list price is a Wellington Crescent home going for $2,800,000.
Talking about million dollar plus home sales, the Calgary Real Estate Board sold its first $10 million home in August. It was the home of former NHL goaltender Mike Vernon.
Also noteworthy, is year-to-date sales activity in comparison to the same period last year is improving and coming within a few percentage points now of WinnipegREALTORS® January forecast. It predicted home sales would be down 5% from last year and house prices up in the low single digits as opposed to double-digits like the past six years.
August MLS® unit sales were down 1% (1,151/1,168) while dollar volume rose 6% ($231.2 million/$218.9 million) in comparison to the same month last year. Year-to-date MLS® sales are off 8% (8,620/9,392) while dollar volume is down only 4% ($1.75 billion/$1.83 billion) in comparison to the same period in 2008. Year-to-date active MLS® listings of 3,000 at month end are tracking very close to last year while listings entered on the MLS® to the end of August are at 13,000, slightly lower than 2008.
“August 2009 is looking very much like August 2008 and that is just fine by me,” says Deborah Goodfellow, president of WinnipegREALTORS®. “Both of these months rank among the best for this time of year and indicate Winnipeg’s real estate market is on a solid footing with buyers confident in moving forward in their purchase decisions. Helping this along are news reports of a national market recovery and Manitoba faring better than most other provinces in employment and GDP growth.”
“Maintaining a relatively good inventory with 3,000 MLS® listings is also ensuring more balance in our current market where there is price stability and moderation,” said Goodfellow. “With more summer-like weather returning to our province this September, it certainly cannot hurt to put buyers in a better mood to check out all the MLS® listings on the market and contact a REALTOR® if they are serious about making a move.”
One thing to keep in mind with any property is how long on average it may take to sell. There are a number of factors involved and price is by far one of the most important ones. In looking at WinnipegREALTORS® market thus far this year, there are some clear differences when you consider different price ranges. In the $500,000 and over price range, the average days on market for the 10 sales in August was 50 days. In stark contrast, for the 198 homes selling in the $150,000 to $199,999 price range, they were only on the market for 23 days. The year-to-date days on market numbers for these price ranges are almost identical to August.
For residential-detached sales, the most active price ranges were the $150,000 to $199,999 and the $200,000 to $249,999 with 24% and 22% respectively of total sales. The next most active price range at 14% of sales was from $100,000 to $149,999.
The average days on market for sales of MLS® residential-detached listings in August was 30 days, the same as last month and 5 days slower than August 2008. The average days on market for the 128 condominium units sold in August was 40 days, 7 days slower than last month and over 2 weeks off the pace set in August 2008.
34% of all condos sold in the price range from $100,000 to $149,999 and another 20% sold in the price range from $150,000 to $199,999.
WINNIPEG - July 2009 not only set a new dollar month record for this month but even edged out May 2009. This happens very rarely. Although it is worth mentioning the last time it happened was in 1997 when the flood of the century impacted May sales so the 2009 flood likely had some impact as well. July 2009 sales were only 2 per cent off the best July ever in 2008 and are well ahead of previous months of July where sales have typically been between 1,000 and 1,200. This year they approached 1,400 and that is no small feat.
Nearly one out of three home sales went for above list price and another 11% sold at list price.
Sellers market conditions were more the norm as residential-detached and condominium listings in particular are much more in line with where they were last year at this time than earlier in the year where inventory was notably higher than the same period a year ago.
The $276 million in July MLS® sales activity leaves no doubt WinnipegREALTORS® will have its third consecutive year of over $2 billion worth of MLS® sales with five months to go. Year-to-date MLS® sales activity already totals $1.5 billion.
July MLS® unit sales were down 2% (1,373/1,407) while dollar volume was up 3% ($276.6 million/$269 million) when compared to the same month a year ago. Year-to-date MLS® sales have decreased 9% (7,469/8,224) while dollar volume is off less than 6% ($1.51 billion/ $1.60 billion) in comparison to the same period last year. The number of MLS® listings entered on the MLS® this year is just shy of last year’s July end total of 11,448 listings.
“We have now had two really solid back to back months of MLS® sales and dollar volume activity,” said Deborah Goodfellow, president of WinnipegREALTORS®. “The only reason we are not talking about big percentage increases in sales similar to other Canadian markets now is we never experienced the same significant sales declines a year ago. While there is more news being reported on the Canadian economy recovering from a recession, Manitoba has been very resilient throughout this period and withstood any serious impact from an economic downturn.”
High consumer confidence coupled with good affordability in part due to favourable mortgage rates continues to create a sound resale housing market here. The extremely tight rental market is also pushing new immigrants and other Canadians moving back to Winnipeg into buying a home when they may opt to rent initially.
For residential-detached sales, the most active price ranges were the $150,000 to $199,999 and the $200,000 to $249,999 with 24% and 22% respectively of total sales. If you then include the next lowest price range of $100,000 to $149,999 and the next highest price range of $250,000 to $299,999 you capture 73% of all sales in the month of July. The highest sale price in July was $767,000 while the lowest sale price was $10,900. The average days on market for sales of MLS® residential-detached listings was 30 days, 5 days slower than last month and July 2008.
If you look at condominium sales activity, over 70% of the sales in July were under $200,000, with 42% happening between $100,000 to $149,999. The highest condominium sold for $460,000 while the lowest went for $32,000. The average days on market for a condominium sale was 33 days, 4 days slower than last month and 2 weeks off the quick pace set in 2008. Year-to-date condominium sales are actually up 8% over the same period last year.
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,500 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under license.