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 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...
Despite a drop in sales activity this summer in comparison to July and August last year, year-to-date sales are slightly above 2009 while dollar volume is up nearly 11% and closing in on $2 billion – the fastest pace at which this milestone level will be reached in WinnipegREALTORS® 107-year history...
Winnipegger Norma Currie has been so inspired by the courage and determination of Terrance Stanley Fox that she felt the Marathon of Hope one-legged runner would be an extremely deserving inductee into the Winnipeg Citizens Hall of Fame...
When all is said and done about our Bombers at the end of July - they’re 2 and 3 – but the numbers don’t look all that bad! And to hold Calgary to 6 points in the second half and still have a chance to win with 30 seconds on the clock with our first-string quarterback hurt - a lot of positives are in the air...
There is something to be said for consistency. Be it the second quarter as a whole or May and June in particular, MLS® market activity is very similar. Sales for May and June are ranked fifth best ever for their respective months, with dollar volume as the best ever. The average residential-detached sales price has remained firm since April to hover around the $250,000 mark. Activity within the different price ranges is similar too with both months each having a million dollar plus sale and more upper end sales...
While no panacea for some homebuyers depending on the neighbourhood and price ranges they are searching for, the good news in May isWinnipegREALTORS®’MLS® residential-detached listing inventory is in better shape going into June than it has been in a long time. Moreover, a good influx of new listings in early June bodes well for a healthier supply in the summer months. The same holds true for condominiums. You have to go back to May 2001 when supply is comparable to this year with over 2,000 residential-detached listings. Contrast this total with 2007, which had the busiest May and year on record, residential-detached listings for May were only 1,153. Similarly, there were 315 condominium listings at the end of May 2010 in sharp contrast to 174 at the end of May 2007...
WinnipegREALTORS® reported over 1,300 sales through theMLS®, only the second time in April when sales have reached this level. It was less than 3% off the 1,355 sales achieved in 2008. New listings of over 2,000 are the highest they have been for this month since 1998 and dollar volume eclipsed $300 million for the first time in April. It is only the fourth time in WinnipegREALTORS® 107-year history the monthly dollar volume level of $300 million has been attained and that was in back to back months in May and June of 2008 and in June 2009 when there were more sales...
Signs of spring are all around you. Real estate signs that is, as the Winnipeg real estate market got a head start on spring with listings, sales, and dollar volume all warming up to busier market conditions in March...
Besides resulting once again in another month where dollar volume sets a new record for the month as it was up 9% over the previous best dollar volume February in 2008, a significant development this month is a clear shift in overall residential-detached sales activity to price ranges over $200,000. Leading the way is the $200,000 to $249,999 price range where one out of every four homes sold in this category. Last February the same percentage of activity happened in the $150,000 to $199,999 price range. Overall, 56% of homes sold in February went for above $200,000. The under $100,000 sales dipped to only 8% in comparison to 11% in February 2009...
Despite MLS® sales being down less than 500 for the first time in 6 years, dollar volume continues to forge ahead as it crashed through the $100 million mark for the first time in the month of January. Helping bring this level up to a record total in January was a home sale worth $1,080,000. Last year WinnipegREALTORS® saw more million dollar plus sales than ever before at 14 (previous best was 2008 with 8 sales)...
