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BALANCED REAL ESTATE MARKET FOR APRIL 2015

The real estate market is either very, very good . . . . . . or really, really suspect . . . . . . depending on which headlines you choose to read. 

The real estate market is either very, very good or really, really suspect depending on which headlines you choose to read.

The numbers on the resale market for the first 4 months of the year paint a fairly rosy picture. Statistics for the first third of the year are up from comparable numbers last year, and last year recorded the 4th best resale numbers in the past 20 years. 

The April MLS listing inventory, the number of properties available for sale in Winnipeg, rose almost 36%, so buyers have more properties to choose from than last April, which indicates more balance in the marketplace.

In April, 22% of residential detached homes sold for more than list price, 9% sold at list, while 69% sold below list.

   Sold Above List Price    Sold at List Price    Sold Below List Price
                22%              9%                  69%

 

The most active price range in April for residential detached homes was $250,000 to $299,999 with 22% of the sales, followed by the $200,000 to $249,999 price range with 16% of sales.

Average Day on the market was 27, compared to last April that was 26 days.

The highest priced residential detached sale fetched $1,590,000 and the least expensive sale was $8,000.

Condominium Sales

For condominiums, almost 11% sold above list . . .  18% sold at list . . .  and 71% sold below list price.

The most active price range for condos was $150,000 to $199,999 at 25% of the sales, followed closely by the $200,000 to $249,999 price range with 22% of the sales.

Days on market for condos was 49 days, compared to 38 days last year with the highest priced condo selling for $630,000 and the lowest priced sale at $244,579.