Real Estate Market Release for June 2019
June sales of 1,528 fell short of June 2018 market activity by 1% and 3% from the 5 year average for this month.
What stood out in June is extensive inventory which offers buyers record levels of choice in one of the most affordable housing markets in the country.
I terms of June single family home sales activity, the two most active price ranges were $250,000 to $299,999 and $300,000 to $349,999. Together they represented 35% of the total sales.
Condominium sales were most active in the $150,000 to $199,999 at 29%. The next most active price range was from $200,000 to $249,999 at 19%.
Real Estate Market Release for May 2019
All MLS property types performed better in May 2019 than May 2018 with town house and single attached properties sales both up 40% over the same month last year.
Some MLS areas where single family home listing inventory clearly needed to be replenished based on May sales were River Heights, Crescentwood, Charleswood, Waverley Heights, Whyte Ridge, St. Norbert, St. Boniface, Windsor Park, East Kildonan, North Kildonan, Sun Valley, West Transcona, Canterbury Park, Garden City, Tyndall Park, Maples, St. James and Westwood.
For condominiums it is a far different situation with more inventory available based on current demand.