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August 2015 Sales Up 11%

The Strong sales performance in August resulted in bringing year to date sales ahead of last year for the first 8 months of 2015.

At 1,258 sales, August 2015 is right up their with the best. The three higher August months on record are modestly better with none reaching the 1,300 level.

As for Listings, compared to the last few year, where there was a 25% and 19% increase in the MLS inventory by month end over the previous year, this years 5,600 is more restrained.

It is up less than 10% from August 2014 and down almost 400 listings from last month.

Buyers have the Opportunity to take Advantage of Historically Favourable Mortgage Rates...

The healthy supply of listings which roughly equate four and a half months on hand if no new listings were to come on the markets has not gone unnoticed by buyers wishing to take advantage of historically favourable morgage rates and some of the most affordable house prices in the country.


Manitoba Boast one of The Lowest Unemployement Rates

Manitoba boasts one of the lowest unemployement rates in the country and has shown positive gains in job creation. It's unemployement rate has average 2.1% below Canada's rate over the past 15 years. Manitoas GPD is expected to be the third best inthe country at 2.2% in 2015.

Residential-Detached Home Sales

The most active price range in August for residential-detached sales was the $ 250,000 to $ 299,999 price range with 22% of the sales. Followed by the $ 200,000 to $249,999 price range with 17% of sales and then the $300,000 to $349,999 price range with 16% of sales.

 Active Price Range for August 2015  Percentage of Sales              
$ 250,000 to $299,999 22%
$ 200,000 to $249,999 17%
$ 300,000 to $ 349,999 16%

Average Days on the Market for residential-detached sales was 39 days, a week slower than August 2014.

The highest priced residential-detached sale was a home in Headingley that sold for 2.1 million and the least expensive sale was $ 35,000.


Condominium Sales

While condominium sales have been the subject of some concern this year some perspective is in order. Based on a five year average of sales upuntil the end of August 2015 sales of 1,118 are ony down 3%.

The 160 condo sales or 26% increase in  August over the same month last year has narrowed the year to year deficit from 19% at the end of July to 13% at August month end.

This year three out of every four sales is a single family home where condominiums have been closer to one in ten at 12% of total MLS market share.

The busiest condo price range in Aust 2015 was the $150,000 to $ 199,999 with 31% of sales,followed by the $ 200,000 to $ 249,999 price range with 22% of the sales and then the $ 250,000 to $ 299,999 price range with 19% of sales.

Average Days on the market for condominium sales was 55 days, two weeks slower than Agust 2014

Average Price Range for August 2015 Percentage of Sales
$ 150,000 to $ 199,999 31%
$ 200,000 to $ 249,999 22%
$ 250,000 to $ 299,999 19%

Highest priced condo sold for $ 501,000 and the lowest priced sale was $ 60,000.