Despite the low interest rates, the housing market is not as strong as it was last year. Despite the drop though, there are still lots of houses that are selling for more and having multiple offers.
Taken from the Winnipeg Realtors Press Release:
April MLS® unit sales are down 15% (1,150/1,355) while dollar volume is down 12% ($239.5 million/$272.6 million) in comparison to the same month last year. April 2009 still resulted in the second highest dollar volume month on record for April and even sales rank among the top ten best Aprils. Year-to-date MLS® sales have decreased 12% (3,239/3,689) while dollar volume is off 7% ($650.0 million/$701.4 million).
For residential- detached sales, the most active segment of the MLS® market in April was the $150,000 to $199,999 price range with 24% of total sales. Next most active price range was $200,000 to $249,999 at 21%. 45% of the residential-detached sales in April were at or above list price.
Average days on market for residential-detached sales in April was 31 days, 1 day behind last month and 9 days off the fast pace set in April 2008.
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!
