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August ushers in the third consecutive month of 1,800 plus sales

WinnipegREALTORS® August Real Estate Market Release
Recovery in sales since June has turned into a strong resurgence in MLS® market activity with August registering 1,845 sales, the third straight month of 1,800 plus sales. Sales in August are up 28% over August 2019 and the five-year average for this month.

Listings however have not rebounded with the same vigor. 

The 2,374 new listings entered the market in August are down 1% from last August and dropped 9% in July when compared to the same month in 2019. 

 As a result, it leaves the current inventory of 4,232 listings down 30% from the same time last year.
The number of sales in August represents 44% of the current inventory whereas last August it was 24%.

Condominiums were most active in the $150,000 to $199,999 price range with one in four sales. The next three higher price ranges up to $349,999 all exhibited strong activity with another 44% of total sales. One condo sold for just over $1 million.

 

Winnipeg - January 2020 got off to a strong start with 731 MLS SALES

a 15% increase over January 2019 and 18% more than the 5 year average total.

Winnipeg Real Estate Market stats for January 2010

Winnipeg Real Estate Market Share January 2020

Positive momentum from the end of 2019 continues in 2020 with brisk sales for this time of year.
 
Affordability is a real strength in the Winnipeg market regions and makes the dream of homeownership possible.
Over half of all detached homes and condominiums are listed below $300,000, and another 20% are listed from $300,000 to $400,000.
Of the 70 condominium sales, 85% sold for under $300,000 with the most active price range being from $100,000 to $149,999 at 20% of total sales.
The Highest condo price to sell in January was $589,900.
Commercial properties also shone in comparison to last January with 23 sales and one mixed use commercial building selling for $2.6 million.
Lots of choice and options for buyers in 2020 and that will prevail in February and into the spring.