The Winnipeg Regional Real Estate Board produces a monthly report about the housing market of Winnipeg and its Metropolitan Region, including statistical analysis and year-over-year comparisons.
Archived editions of previous Winnipeg Regional Real Estate Board housing market reports can be found here.
It is no coincidence the 2011 flood in Manitoba affected WinnipegREALTORS® MLS® market as listings were down 15% from April 2010 and much closer to 2009 where we had some major flood issues to deal with like this year. MLS® sales are virtually identical to 2009 and conversions of listings to sales are off in the same way compared to non-flood springs...
Not to take away from former Winnipegger Neil Young’s artist of the year and humanitarian awards at the Junos last month or local REALTORS® rocking the night away March 16th to raise thousands of dollars for the Manitoba Real Estate Association Shelter Foundation, the local real estate market marched to its own steady beat with a recording better than ever before for this month of the year. It also is apparent the first quarter was outstanding as it edged out the best first quarter ever in 2007 with over 2,500 in MLS® sales and $570 million in dollar volume (no previous first quarter has eclipsed one-half a billion dollars before)...
Manitoba Merv saw his shadow and predicted 6 more weeks of winter. If you’re a seller - you can only hope we have 6 more weeks of real estate market like we did in February!
A discussion paper on Manitoba’s acute rental shortage, released today by WinnipegREALTORS®; calls for action now to turnaround a long protracted shortage of rental housing. Winnipeg’s .8% rental vacancy rate (lowest vacancy rate of 34 census metropolitan centres surveyed in the nation by the Canada Mortgage and Housing Corporation in fall 2010) is a contributing factor in making Winnipeg’s housing less affordable. It is also limiting good housing market choice and flexibility since rental is so scarce...
It appears some homeowners may have been a little more conscientious about keeping their driveways and entranceways shoveled and cleaned this month as listings were up noticeably from last January. Buyers were out and about as well. This resulted in WinnipegREALTORS® having its fifth highest January sales performance on record for MLS® sales. A new record January MLS® dollar volume was established too. Interestingly enough, with all the talk this year of another potential major spring flood, the best January ever at 660 sales (far surpasses anything since then) was in 1997...
When you talk about Ralph Fyfe and his direct involvement in the real estate industry you cannot do it without including family. It is family in more ways than the immediate one that includes his wife and long time business partner Wendy and his two grown-up children – Richard and Janice...
December was a month to remember with WinnipegREALTORS® recording its highest average monthly home sales price ever at $252,414. The previous high was June 2010 at $250,440. This record is not typical of a December. Historically, the highest monthly average sales price tends to be in the busier spring months. The month of the year is becoming far less significant as a determining factor of average monthly sales price and not surprisingly the prevailing tight housing market conditions is the primary cause...
November 2009 may have had better weather and 8 more MLS® sales than this November, but dollar volume once again in 2010 displayed its unrelenting march to greater heights. It increased nearly 10% over the previous highest November dollar volume in 2009. As a result, WinnipegREALTORS® has achieved its highest annual MLS® dollar volume on record at $2.58 billion, and there is still a month to go. This eclipses the previous best annual dollar volume record set in 2009 of $2.47 billion...
If this was an election it would be too close to call. On the final stretch drive with two months to go it is a dead heat in terms of MLS® sales compared to last year. There are only 28 more MLS® sales in 2010. However dollar volume is a different story. It is up 10% in comparison to 2009 and while sales do drop off at year end there should be no doubt WinnipegREALTORS® will set its 10 th consecutive annual MLS® dollar volume record in 2010. 2001 finished with a dollar volume level just shy of the $1 billion mark. Ten years later the final amount could possibly reach $2.7 billion...
It took until the month of September last year to set a new sales and dollar volume MLS® record in comparison to the same month the year previous. Ditto for 2010. Like athletes vying for new records in the Olympics or Commonwealth Games, September 2010 sets the bar higher again for what September 2011 will have to achieve if there is to be a new MLS® sales record for this month. It was noted summer was a little slower than usual this year so it certainly appears cottagers and vacationers entered the fall market in larger numbers than 2009...
