Winnipeg Real Estate Market Update for February 2013

Winnipeg Real Estate Market report for February 2013

.

photo credit to Garry Robinson on flickr  (Garry9600)

photo credit to Garry Robinson on flickr (Garry9600)

Welcome to the February real estate market update for Winnipeg.  This report focuses on the statistics as they are on the 15th of each month (as opposed to the 1st).  Houses had always been split into 3 different price categories, and those categories have now changed: Entry level homes are from 100K to 250K, mid-range properties are from 250K to 500K, and Luxury Homes are those over 500K.  The main focus is on Winnipeg properties, but we do include E. St. Paul and Headingley as well.

I also report on ‘Inventory Levels’, which is a way of answering the question:  If no one else listed their properties, how long would it take to sell everything that’s available now?  The lower the number, the hotter the market.  The new report will show the Inventory Levels as number of DAYS, instead of fractions of a month……it just makes it easier to read.   So lets see how the real estate market is shaping up for 2013:

Broad view of the Winnipeg market

In the past 31 days, the most expensive house sold was for $685,000 in E. St Paul,, and the most expensive condo was $598,000 in Crescentwood.  Currenty, on February 15th, we have 666 houses available in Winnipeg, and 233 condos.

Entry Level Houses ($100,000 to $249,999)

Currently, we have 199 listings available in this price range, which is down from 209 in the previous report.  Over the past 31 days, Winnipeg REALTORS® have sold 158 of these types of homes, an increase of approximately 50% from the 104 homes sold in the previous market report.  These are natural adjustments, accounting for the fact that we are starting to see more listings come to market..  Inventory levels are at 39 days, down significantly from last months’ level of 61 days.

Mid-Range Houses ($250,000 to $499,999)

Winnipeg now has 306 houses available in this price range, up from 284 in the previous report.  Over the past 31 days, 169 homes have been sold in this price range, nearly DOUBLE the number of sales (86) in the previous reporting period.  This has dropped the inventory level from 102 days down to 56 days.  Look for further drops next month in this most popular price range.

Luxury Homes ($500,000 plus)

We currently have 144 homes listed in this price range, and have sold only 12 in the past 31 days.  This makes the inventory level at an incredibly 372 days…..making right now the best time of the year to purchase one of these types of properties.

Expired Real Estate Listings

An interesting indicator of market strength is the number of listings which come to market, and then compare it to the number of listings which expire or are withdrawn.  Over the past 31 days, 727 new listings (582 houses, 145 Condos) have come onto the market.  The number of listings which have expired, or were withdrawn for any reason has dropped to 194  (151 houses, 43 condos).  This creates a listing:expired ratio of 26.7%.  We will keep an eye on this statistic in the future……I expect it to drop over the spring and increase in the latter parts of the year.

Condominiums

Winnipeg Condos

Currently, we have just 233 condominiums listed in Winnipeg, up from 209 in the previous report.  Over the past 31 days, 67 condos have been sold, dropping inventory levels to 108 days. Keeping in mind that later in the year, we will likely see 280 to 300 active condo listings at any time, this may make right now a great time to SELL your condo and put it onto the MLS®.

 

Condos listed by Remax Agents

There are hundreds of condos for sale inWinnipeg.  Below is a comprehensive list of all condos listed by Re/Max agents in Winnipeg.  This list is automatically updating all the time, so come back anytime (and often) to see the latest condos for sale in Winnipeg.

Read the original articlehttp://blog.winnipeghomefinder.com/winnipeg-condominiums-listed-sale-remax-agents/

Enhanced by Zemanta


 

My Page on Google+ . . . .My Profile on Google+

.

I hope you enjoyed reading this post.  Please consider subscribing to this blog, and receiving the latest posts in your email, twice a month.  You can find my facebook page (please LIKE the page) and follow me on twitter. .

Also check out my Podcast on i-Tunes

You may embed this article into your own website. Simply click the 'EMBED' button and copy the code. . .Embed

Embed
About Bo Kauffmann

Highly productive real estate agent in Winnipeg, working with home and condo buyers and sellers. Avid student of social media, marketing and internet marketing. If you're thinking about real estate in Winnipeg, think "Bo Knows"

Whats your opinion?

Trackbacks

  1. Winnipeg Real Estate Market Update for February 2013 http://t.co/nZU5npau via @bokauffmann

    View Comment
  2. @Wxmouse says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/05wHJq4l via @bokauffmann

    View Comment
  3. @markbrian says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/pvpPM5cg via @bokauffmann

    View Comment
  4. Winnipeg Real Estate Market Update for February 2013 http://t.co/vy0NNcmp via @bokauffmann

    View Comment
  5. Winnipeg Real Estate Market Update for February 2013 http://t.co/8TPgVc75 via @bokauffmann

    View Comment
  6. Winnipeg Real Estate Market Update for February 2013 http://t.co/e0yUyxAk via @bokauffmann

    View Comment
  7. Winnipeg Real Estate Market Update for February 2013 http://t.co/xViovyUJ via @bokauffmann

    View Comment
  8. @EmmaIndy says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/ewNZ8czA via @bokauffmann

    View Comment
  9. Winnipeg Real Estate Market Update for February 2013 http://t.co/4Q3t1k1J via @bokauffmann

    View Comment
  10. @Saganlives says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/YnQCLFcV via @bokauffmann

    View Comment
  11. @DrNotley says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/oYzsaDUn via @bokauffmann

    View Comment
  12. Winnipeg Real Estate Market Update for February 2013 http://t.co/tH5g6sQe via @bokauffmann

    View Comment
  13. Winnipeg Real Estate Market Update for February 2013 http://t.co/LBUmwcao via @bokauffmann

    View Comment
  14. Winnipeg Real Estate Market Update for February 2013 http://t.co/4bFKUD7p via @bokauffmann

    View Comment
  15. @cletch says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/cYu6d7z6 via @bokauffmann

    View Comment
  16. Winnipeg Real Estate Market Update for February 2013 http://t.co/rYIrhoY4 via @bokauffmann

    View Comment
  17. Winnipeg Real Estate Market Update for February 2013 http://t.co/I0QzpgaD via @bokauffmann

    View Comment
  18. Winnipeg Real Estate Market Update for February 2013 http://t.co/G4waFJtq via @bokauffmann

    View Comment
  19. @bokauffmann says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/qqnT3Zhj

    View Comment
  20. Winnipeg Real Estate Market Update for February 2013 http://t.co/JBMaDgbs via @bokauffmann

    View Comment
  21. @LoansCanada says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/xatiVdPB via @bokauffmann

    View Comment
  22. @MikeStanlon says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/01Rvd3MD via @bokauffmann

    View Comment
  23. @LionsDenU says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/Dr2YNmD1 via @bokauffmann

    View Comment
  24. @Kiboomu says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/7Syci0EH via @bokauffmann

    View Comment
  25. @dollysekhon says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/tTTUaY15 via @bokauffmann

    View Comment
  26. Winnipeg Real Estate Market Update for February 2013 http://t.co/gGtKKpz4 via @bokauffmann

    View Comment
  27. @whinbest says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/GaDQpiKZ via @bokauffmann

    View Comment

Speak Your Mind

CommentLuv badge

This blog uses premium CommentLuv which allows you to put your keywords with your name if you have had 3 approved comments. Use your real name and then @ your keywords (maximum of 3)
Loading Facebook Comments ...
  1. Winnipeg Real Estate Market Update for February 2013 http://t.co/nZU5npau via @bokauffmann

    View Comment
  2. @Wxmouse says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/05wHJq4l via @bokauffmann

    View Comment
  3. @markbrian says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/pvpPM5cg via @bokauffmann

    View Comment
  4. Winnipeg Real Estate Market Update for February 2013 http://t.co/vy0NNcmp via @bokauffmann

    View Comment
  5. Winnipeg Real Estate Market Update for February 2013 http://t.co/8TPgVc75 via @bokauffmann

    View Comment
  6. Winnipeg Real Estate Market Update for February 2013 http://t.co/e0yUyxAk via @bokauffmann

    View Comment
  7. Winnipeg Real Estate Market Update for February 2013 http://t.co/xViovyUJ via @bokauffmann

    View Comment
  8. @EmmaIndy says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/ewNZ8czA via @bokauffmann

    View Comment
  9. Winnipeg Real Estate Market Update for February 2013 http://t.co/4Q3t1k1J via @bokauffmann

    View Comment
  10. @Saganlives says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/YnQCLFcV via @bokauffmann

    View Comment
  11. @DrNotley says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/oYzsaDUn via @bokauffmann

    View Comment
  12. Winnipeg Real Estate Market Update for February 2013 http://t.co/tH5g6sQe via @bokauffmann

    View Comment
  13. Winnipeg Real Estate Market Update for February 2013 http://t.co/LBUmwcao via @bokauffmann

    View Comment
  14. Winnipeg Real Estate Market Update for February 2013 http://t.co/4bFKUD7p via @bokauffmann

    View Comment
  15. @cletch says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/cYu6d7z6 via @bokauffmann

    View Comment
  16. Winnipeg Real Estate Market Update for February 2013 http://t.co/rYIrhoY4 via @bokauffmann

    View Comment
  17. Winnipeg Real Estate Market Update for February 2013 http://t.co/I0QzpgaD via @bokauffmann

    View Comment
  18. Winnipeg Real Estate Market Update for February 2013 http://t.co/G4waFJtq via @bokauffmann

    View Comment
  19. @bokauffmann says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/qqnT3Zhj

    View Comment
  20. Winnipeg Real Estate Market Update for February 2013 http://t.co/JBMaDgbs via @bokauffmann

    View Comment
  21. @LoansCanada says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/xatiVdPB via @bokauffmann

    View Comment
  22. @MikeStanlon says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/01Rvd3MD via @bokauffmann

    View Comment
  23. @LionsDenU says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/Dr2YNmD1 via @bokauffmann

    View Comment
  24. @Kiboomu says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/7Syci0EH via @bokauffmann

    View Comment
  25. @dollysekhon says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/tTTUaY15 via @bokauffmann

    View Comment
  26. Winnipeg Real Estate Market Update for February 2013 http://t.co/gGtKKpz4 via @bokauffmann

    View Comment
  27. @whinbest says:

    Winnipeg Real Estate Market Update for February 2013 http://t.co/GaDQpiKZ via @bokauffmann

    View Comment
Find us on Google+

Bo Kauffmann is a Real Estate Professional with REMAX Performance Realty at 942 St. Mary's Rd., Winnipeg, MB  R2M 3R5