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Winnipeg, Manitoba Regional home sale stats for October 2007

By
Real Estate Sales Representative with Sage Executive Group Real Estate

Congratulations Winnipeg - you just had the most successful month of real estate sales in history! While it took 99 years to hit the 1 billion in sales mark for our city - it took only 5 more to double that number to reach 2 Billion!!

Other stats of interest:

  1. The Winnipeg sales-to-current listing ratio is at its highest ever - 86%
  2. 58% of MLS properties sold at or above list price
  3. Dollar volume is up 21% over the same period in October 2006
  4. Four Winnipeg homes sold for over $1 million this year to date
  5. October had $210 million in dollar volume sales
  6. Elmwood average home price is up 23% over last year
  7. Wolsely properties average price is up 17% over last year
  8. Core area average price is up by nearly 35%
  9. 56% of MLS Condominium units sold at or over price
  10. 51% of Winnipeg MLS sales were in the $100 - 200,000 thousand mark

In summary - homes are selling well through the active participation of professional agents and the Winnipeg MLS  system.

For more information on the Winnipeg market, City planning or Zoning maps, or any other community  information please call, email or visit www.77slate.com  click on  Winnipeg Information located on the left navigation bar.

 

 

Posted by

Sharon Lancaster

Real Estate and Marketing Professional

Homes From the Heart

Joe and Molly Murphy
Coldwell Banker - Bradenton, FL
Put our Team to work for your Family

Sound like our market here in 2004-2005.  In Bradenton, FL we had less than 500 homes for sale on the mls in 05/05. Today there are over 4500.  Prices have dropped to where they were in 2003-2004.  I have seen an increase in market activity among Canadians here in Manatee County, a lot earlier than typical.  It seems the strong Loonie is helping your market, and starting to revive mine. 

I also know that a lot of people in the construction fields are looking to Canada now.

Nov 13, 2007 03:39 PM
Larry Estabrooks
Independent Real Estate Agent - Moncton, NB
100% representation means NEVER DUAL AGENCY !

Wow, a sales to listing ratio of 86%. Now that is a big number.

Is there a lot of new properties being built to meet this demand? 

Nov 14, 2007 06:15 AM
Sharon Lancaster
Sage Executive Group Real Estate - Kelowna, BC
SRES, Realty Executives Okanagan
Yes - Winnipeg is undergoing a huge market boom with startups, condos and new developments everywhere! It is great to see our city taking off this way!
Nov 16, 2007 01:55 PM