Are you confused about real estate abbreviations or listing terminology? Do you feel like real estate agents are trying to confuse you with real estate terms and real estate acronyms?
Are real estate acronyms and abbreviations confusing you?
If you’re working with real estate brokers in the search of a new home, most likely you are receiving MLS® real estate listings via the new Keystone Matrix® system. My buyers are always asking me to explain what some of the real estate abbreviations or real estate terminology stands for, so I thought I might create this post to help everyone out.
Generally from the top of the listing sheet on down, here is the list of abbreviations
Real Estate Abbreviations List
DOM: Days On Market reflects how many days since the home has been listed by the agent
RD = Residential Detached. This is the most common type of house, the one most people think of when looking at homes.
SA = Single Attached (Side by Side). These are two residences which share one common wall. They are cheaper to build, and therefor less expensive to purchase as well
TH = Townhouse. Usually found in rows of 4, 6 or even more. One long building which has a number of separate homes. The end units share one wall, while all interior units actually share 2 common walls.
MH = Mobile Home. Generally means a home which is located in a mobile home park. Careful here, as a ‘mobile home’ might actually be firmly attached to a foundation, and thus become real property.
TAX AMOUNT: This is supposed to be the TOTAL GROSS property taxes, including all Education Taxes, Local Improvements etc. As an owner-occupant, you would qualify for a $700 Provincial Rebate
RMA: Means Rooms Above Ground level. This indicates the total number of rooms such as any formal dining room, kitchen and living room, but NOT bathrooms or powder room, etc.
BDA: Bedrooms Above Ground. Includes the master bedroom and all secondary bedrooms located above ground level
TBD: Total Bedrooms (including basement bedrooms). This is how you can tell how many bedrooms are in the basement. Simply subtract the BDA from the TBD and see that the basement has 2 bedrooms, for example. Careful here: Just because a property sellers are listing it as a bedroom, does not necessarily mean it fits the legal description of a bedroom.
FB: Number of full Bathrooms (a “FULL” bathroom has at least 3 pieces, so for example: toilet, sink and shower, or toilet, sink and tub)
HB: Number of half Bathrooms (a half bath might have only 1 piece, such as a toilet, or just a sink, but most often has 2 pieces)
EN: Ensuite, which refers to a bathroom that is accessible from a bedroom directly
Exterior: Refers to the exterior surface of the home’s walls. Most common in Winnipeg is stucco, but could also include brick, siding (including vinyl and aluminum siding) and wood.
Foundation: Most common is concrete, but older homes often feature STONE or sometimes Cinderblock or even brick. In the 1980s there was a fad for ‘Preserved Wood’ foundations.
Heating: Most common is ‘forced air’ which indicates central heat (preferred). Other options might be Hot Water (radiators) or electric (baseboard heaters).
Heating Fuel: Indicates whether it is gas or electricity. Some new home builders are making the switch to electric furnaces. Careful as even in our province, producing heat with electricity is substantially more expensive than producing it with natural gas.
Basement: Full. This means that the area size of the foundation is the same as the main floor. It does not mean the basement is finished, as this is indicated in another section.
Unfinished basement
Other options for the basement category are: crawl, slab, half and 3/4. Real estate professionals should be able to point out the differences, benefits and shortcomings, of each type of basement construction.
Square Feet: I’ve had clients try to add up all the room measurements of a listing, and come to the conclusion that the 1,200 ft home is really just 850 square feet. While they are correct, this is not how buildings are measured and advertised.
The proclaimed total square footage of a house is the OUTSIDE measurements which includes all 4-season living space, excluding the garage. It includes ONLY the areas above ground, so for example the main floor, second floor and third floor if there is one. It does NOT include the basement, UNLESS there is a crawl space under that part of the basement.
For further explanation, see this article on how homes are measured. and remember that different provinces and states might have different rules.
Garage – AT or DT. This refers to the car garage which can be either attached or detached. Confusion here sometimes as an ‘attached garage’ might be physically attached, but not have a direct door leading into the house.
S/S: Showings Start date. NO showings can occur BEFORE that date
OTP: Offer To Purchase date. That the is FIRST date when offers can be considered.
In addition to the above listing terms, you will probably come across many of the next acronyms used by the listing agent in their advertisements
Real Estate Acronyms
A/C or C/Air: Central Air Conditioning
APPL: Appliances (personal property)
ATT or DT: Attached or Detached also refers to single-family home vs. attached home.
CLG: Ceiling
C/Vac: Central Vacuum
CC: Clothes Closet or possibly “WICC” as in Walk-In Clothes Closet
AT/2 or DT/2: Attached double or detached double (as in garage)
HWFS and HWDS: Hardwood floors and simply Hardwoods
S/S or SS indicating stainless steel (as in appliances)
WDW: Windows
WDWK: Woodwork (as referring to baseboards and window casings)
Im hoping that this list of most common terms is of great value to you.
If you’re thinking of buying a house or a condo in Winnipeg, call me for a free buyer consultation. There is a lot of information which is difficult to convey in a blog post but I’d be happy to discuss in person.
Confused our stumped by other real estate listings abbreviations? Ask me in the comments, or email me anytime
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The process and benefits of the mortgage pre-approval process when done right. Mortgage pre approval is very beneficial when house shopping in any market.
Home maintenance means more than just doing repairs. After you buy a home, keeping it in great shape will help protect you investment down the road. There are some tasks that you can do to make your home look …
Welcome to our WinnipegLuxury Homes Market Report. This new style of luxury market update is in the form of a downloadable, multi-media PDF. It looks at listing and sold stats of houses and condos over $500,000 in all areas within Winnipeg, plus some close bedroom communities such as Oak Bluff, St. Andrews, Oakbank, LaSalle and others.
Winnipeg Luxury Homes Market Report July 2019
Available Luxury Listings in Winnipeg
Currently, there are 423 Luxury Houses listed in Winnipeg. That is down slightly from 446 in June, which was the highpoint of the year.
Sold in the past 30 days
Over the past month, Winnipegreal estate agents have sold 51 houses which were priced over $500K. That is down from the 79 in June, and 85 in May, and also lower than 2018.
Days of Inventory
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury ;houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.</sp<
Due to the huge inventory increase, Winnipeg’s ass=”textannotation disambiguated wl-thing” itemid=”http://data.wordlift.io/wl01744/entity/luxury_market”>luxury market inventory sits at 249 days, which is a large jump from last month, and also higher than the same time last year. Homes in lower price ranges, such as $250-$500K, are at 43 days on average, so yes, luxury homes are a much slower market.
Expired Listings
Over the past month, 96 luxury listing have d-not-sell-what-is-the-next-step/”>either expired or been withdrawn from market.
If you’re the seller of a luxury property, a little extra care is advisable in how the property shows, how it’s priced and how much your real estate agent does.
Previous Month Report…
Luxury Homes Market Report May 2019
Available Luxury Listings in Winnipeg
Currently, there are 413 Luxury Houses listed in Winnipeg. That is actually the highest number of listings (in this price range) over the past year+.
Sold in the past 30 days
Over the past month, Winnipeg real estate agents have sold 85 houses which were priced over $500K. That is nearly double the sales of April and also represents the highest number of sales in over a year.
Days of Inventory
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury =”” span=“”>=”http://span>data.wor<sp< span=””>an span=””>id=” urn:enhancement-676=””>dlift.io/wl01744/entity/multiple_listing_service”>;houses</span> at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.</sp<>
Due to the huge inventory increase, Winnipegs luxury market inventory sits at 146 days, which is faster than the previous month, but slower than last year at this time (128 days). Homes in lower price ranges, such as $250-$500K, are at 43 days on average, so yes, luxury homes are a much slower market.
Newly Listed Homes
Over the past month, 197 newluxuryhome listings have come to the Winnipeg MLS®. An increase over the 184 in the previous month.
Expired Listings
Over the past month, 67 luxury listing have d-not-sell-what-is-the-next-step/”>either expired or been withdrawn from market.
Currently, there are 371 Luxury Houses listed in Winnipeg. Thats up from the 349 the previous month, and a huge increase over the same time last year. (257)
Sold in the past 31 days
Over the past month, Winnipegreal estate agents have sold 52 houses which were priced over $500K. Thats slightly less than in August, but more than last year as well.
Days of Inventory
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Due to the huge inventory increase, Winnipeg’s luxury market inventory sits at 221 days, so slower than last month, and much slower than last year.
Newly Listed Homes
Over the past month, 163 new luxury home listings have come to the WinnipegReal Estate MLS®. An increase over the 154 in August 2018, and another huge jump when compared to the 123 in Sept. 2017.
Expired Listings
Over the past month, 82 luxury listing have either expired or been withdrawn from market.
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report April 2018
Available Luxury Listings in Winnipeg
Currently, there are 281 Luxury Houses listed in Winnipeg. Thats up from the 231 the previous month, and also an increase when compared to April of last year.
Winnipeg Luxury Homes sales and listings
Sold in the past 31 days
Over the past month, Winnipegreal estate agents have sold 50 houses which were priced over $500K. While thats an increase over the previous month, it is still slower than sales in April 2017. So we have MORE homes available in this range, but fewer sales….definitely a buyers market.
Days of Inventory
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 174 days, fast than last month, but quite a bit slower than last year.
Newly Listed Homes
Over the past month, 158 new luxury home listings have come to the WinnipegReal Estate MLS®. An increase over the 122 in March 2018, which also happened to be the same number of luxury homes listed in April 2017.
Expired Listings
Over the past month, 53 luxury listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report December 2017
Available Luxury Listings in Winnipeg
Currently, there are 202 Winnipeghomes for sale in this price range, nearing the low point set past January of 165. More options and choices will be coming in Spring 2018.
Sold in the past 30 days
Over the past month, Winnipegreal estate agents have sold just 29 homes in this price range, between $500k and all the way up to a 2 million dollar home in Headingley.
Days of Inventory
What is ‘days of inventory?’
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 209 days, not far off the lowest point in the past year. With relatively few homes to chose from (202) and a good sales pace of 29 homes sold last month, it was still a good time to sell in November. That night change, as you can see from the numbers of this past Janfuary.
Newly Listed Homes
Over the past month, just 55 new luxury home listings have come to the WinnipegReal Estate MLS®. Given the option, sellers will more often wait until the spring time now.
Expired Listings
Over the past month, 63 luxury listing have either expired or been withdrawn from market, a high point of the year.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report May 2017
Available Luxury Listings in Winnipeg
Currently, there are 252 Winnipeghomes for sale in this price range, up from the 227 in April 2017. Its also near the high-water mark of 268 homes in June 2016.
Sold in the past 30 days
Over the past month, Winnipegreal estate agents have sold 65 homes in this price range, between $500k and all the way up to a 1.375 million dollar home in River Heights. This is more than double the number of luxury homes sold in March, and equal to the high sales mark set last June.
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 116 days, nearly the lowest point in the past year. As good a time as any to list your luxury home, certainly better than in the middle of winter.
Newly Listed Homes
Over the past month, 144 new luxury home listings have come to the WinnipegReal Estate MLS®, slightly more than the 122 in April, and the 45 listed in January.
Expired Listings
Over the past month, 44 luxury listing have either expired or been withdrawn from market, up from the 30 in April.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
lets look at the previous month:
Winnipeg Luxury Homes Market Report April 2017
Available Luxury Listings in Winnipeg
Currently, there are 227 Winnipeghomes for sale in this price range, up from the 1208 in March 2017.
Sold in the past 31 days
Over the past month, Winnipeg REALTORS® have sold 64 homes in this price range, between $500k and all the way up to a 1.2 million dollar home in Bridgewater Trails. This is more than double the number of luxury homes sold in March.
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory has dropped to 110 days, the lowest point in the past year. As good a time as any to list your luxury home.
Newly Listed Homes
Over the past month, 122 new luxury home listings have come to the MLS®, slightly more than the 105 in March, and 101 in Feb.
Expired Listings
Over the past month, only 30 luxury listing have either expired or been withdrawn from market, down from 50 in Feb..
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report March 2017
Available Luxury Listings in Winnipeg
Currently, there are 208 Winnipeghomes for sale in this price range, up from the 179 in Feb. and 165 in January
Sold in the past 28 days
Over the past month, Winnipeg REALTORS® have sold 31 homes in this price range, between $500k and all the way up to a 1.2 million dollar home in Bridgewater Trails.
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 188 days, nearly the lowest point in the year. As good a time as any to list your luxury home.
Newly Listed Homes
Over the past month, 105 new luxury home listings have come to the MLS®, similar to the 101 in February and over double the 45 in January.
Expired Listings
Over the past month, only 35 luxury listing have either expired or been withdrawn from market, down from 50 in Feb..
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range will remain a strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report January 2017
Available Luxury Listings in Winnipeg
Currently, there are 165 Winnipeghomes for sale in this price range, down from the 180 listed in the December report.
Sold in the past 30 days
Over the past month, Winnipeg RELATORS® have sold only 6 homes in this price range, down from 19 in the last period. The most expensive home sold in the past month was $1Million in South Charleswood.
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory jumps to 852 days in this price range. This is a HUGE increase from the 284 days in December, making this price range a buyers market. Don’t expect these number to last beyond another month or so, although the luxury home market will surely remain a strong buyers market in Winnipeg.
Newly Listed Homes
Over the past month, 45 new luxury home listings have come to the MLS®, similar to the 51 in December.
Expired Listings
Over the past month, 61 luxury listing have either expired or been withdrawn from market, up from the 51 in December.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg LuxuryHomes market..
Winnipeg Luxury Homes Market Report December 2016
Available Luxury Listings in Winnipeg
Currently, there are 180 Winnipeghomes for sale in this price range, down from the 212 listed in the November report.
Sold in the past 30 days
Over the past month, Winnipeg RELATORS® have sold only 19 homes in this price range, down from 23 in the last period
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory jumps to 284 days in this price range. This is another increase from the 143 days in November, making this price range a buyers market.
Newly Listed Homes
Over the past month, 51 new luxury home listings have come to the MLS®, similar to the 75 in November.
Expired Listings
Over the past month, 51 luxury listing have either expired or been withdrawn from market, up from the 43 in November.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg LuxuryHomes market..
Winnipeg Luxury Homes Market Report November 2016
Available Luxury Listings in Winnipeg
Currently, there are 212 Winnipeghomes for sale in this price range, nearly identical to the 211 listed in the October report.
Sold in the past 30 days
Over the past month, Winnipeg RELATORS® have sold 27 homes in this price range, down from 235 in the last period
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory jumps to 243 days in this price range. This is another increase from the 181 days in October, making this price range a buyers market.
Newly Listed Homes
Over the past month, 75 new luxury home listings have come to the MLS®, similar to the 76 in October.
Expired Listings
Over the past month, 43 luxury listing have either expired or been withdrawn from market, also down from October.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report October 2016
Luxury Homes on the MLS in Winnipeg
Available Luxury Listings in Winnipeg
Currently, there are 211 Winnipeghomes for sale in this price range, down from the 227 Luxury Homes listed in September’s report.
Sold in the past 30 days
Over the past month, Winnipeg RELATORS® have sold 35 homes in this price range, up from 28 in the last period
Days of Inventory
Currently, Winnipeg’s luxury market inventory drops to 181 days in this price range. While this is down from the 243 available homes last month, it is still a fairly strong Buyers Market.
Newly Listed Homes
Over the past month, 76 new luxury home listings have come to the MLS®, fewer than the 94 in September
Expired Listings
Over the past month, 50 luxury listing have either expired or been withdrawn from market, also down from September.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Winnipeg Luxury Homes Market Report September 2016
Available Luxury Listings in Winnipeg
Currently, there are 227 Winnipeghomes for sale in this price range.
Sold in the past 30 days
Over the past month, Winnipeg RELATORS® have sold 28 homes in this price range.
Days of Inventory
This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available luxury houses at the current rate?” Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.
Currently, Winnipeg’s luxury market inventory sits at 243 days in this price range, making this a fairly strong Buyers Market.
Newly Listed Homes
Over the past month, 94 new luxury home listings have come to the MLS®.
Expired Listings
Over the past month, 56 listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg? Contact me for a Free Consultation
Summary of the Market
Homes in the Upper Price Range are still a very strong buyers market, offering a lot of options and great deals and opportunities for home buyers moving into the Winnipeg Luxury Homes market..
Our Latest Web-Stories
Never miss an episode of our real estate podcast.
Install our FREE Podcast App available on iOS and Android.
For your Apple Devices, click here to install our iOS App.
For your Android Devices, click here to install our Android App.
Check my videos on Youtube
If you plan on buying a home, then you should know that there are plenty of options available. And right now, condos in Winnipeg make a great alternative to the bidding wars and lack of housing available for sale.
Thinking of buying a condo in Winnipeg? Condo fees get a bad rap. We need to realize that some of the items which are included in a condo fee would cost more money in a stand alone house.
Condo life is not for everyone. But for the right person, it may offer a perfect solution. Are you suited to living in a condo? Take the quiz and find out.
A very common question home buyers are asking. The city-assessed value (which is clearly an estimate) is posted publicly for everyone to see. More often than not, the city-estimated value is quite different than the ‘listing price’ or the …
Home Buyer Webinar – A seminar from the comfort of your own home
If you are thinking of buying a home in 2017, attending a Home Buying Seminar is a great way to start. Home Buying Seminars can be GREAT. Filled with valuable FREE information on the home buying process in the current market conditions.
But who wants to spend the time getting dressed, fighting traffic and then sitting in a stuffy real estate office or bank, being ‘pitched to’ by a pushy sales rep.
So I came up with a better way! An online Home Buyer WEBINAR. Same great info (BETTER, in fact) but all from the comfort of your home. No driving, no pushy sales presentation, just great info.
In this home buyer webinar, I will cover and explain:
The overall home buying process
The different mortgage options, their benefits and drawbacks
How to write a winning offer
The current market conditions
Special Offer for YOU
Whether you are looking to buy a house or a condo, whether you are:
A first time home buyer looking to leave the nest
Tired of paying your landlord
Living in a large home and looking to downsize
A home owner who has outgrown his current home and needs to move up
…this webinar is for you. Super easy to take part, from the comfort of your couch, office or on your mobile device. Lots of Q&A thruout.
In fact, we will have a webinar coming up shortly, just click this link to reserver your spot.
Our Latest Web-Stories
Never miss an episode of our real estate podcast.
Install our FREE Podcast App available on iOS and Android.
For your Apple Devices, click here to install our iOS App.
For your Android Devices, click here to install our Android App.
Check my videos on Youtube
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Sold in the past 30 days
Sold in the past 31 days
Sold in the past 28 days
Sold in the past 30 days
