If your looking for a starter home this is the home that you may want to add to the list of homes to view. It’s a 2 bedroom home with new laminate flooring throughout, new paint, some new windows, kitchen has been upgraded, and a singled detached garage. Located on a very quiet street.
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 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.
We finally were able to fix the problems with forum. People will be able to register and posts with no problems. To visit, click on the link: Winnipeg Real Estate Forum
After a few months of downtime. Our website is finally up! We have a lot of new things that we are very excited about. I’ll go over the new features of our website and hopefully it’ll be a lot more useful to visitors of our site.
1 . New Design - We decided to have a more young, modern, fresh look while still maintaining a professional image.
2. Winnipeg Real Estate Forum - After many emails from people visiting the site, we decided to have a forum so that everyone can post their questions on the site and then have future visitors be able to read them. We want to build a community so that everyone in Winnipeg can make informed decisions when they want to buy and sell real estate. One of the other things we wanted to establish with this forum was to try to build an online community so that everyone can share their thoughts and ideas.
3. This blog. We are planning on blogging about Winnipeg Real Estate as well. Here we’ll post what’s going on in the Winnipeg Real Estate community as well as our opinions on various topics.
4. Last, but not least, we are putting up an “Information Center” and placing articles on everything real estate - from financing to renovations. I hope this will be a useful resource for you.
Any questions, comments, or concerns about our new site are welcomed. Please email or post a comment if you have anything to say. We value your feedback!
