This is definitely an exciting time for buyers who are shopping for luxury properties, and Winnipeg has a lot to offer …

Info and Tips for Buyers and Sellers of Real Estate
Info and Tips for Buyers and Sellers of Real Estate
Info and Tips for Buyers and Sellers of Real Estate
This is definitely an exciting time for buyers who are shopping for luxury properties, and Winnipeg has a lot to offer …
Welcome to our Winnipeg Luxury 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.
Currently, there are 423 Luxury Houses listed in Winnipeg. That is down slightly from 446 in June, which was the highpoint of the year.
Over the past month, Winnipeg real 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.
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?” Â 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.
Over the past month, 96 luxury listing have d-not-sell-what-is-the-next-step/”>either expired or been withdrawn from market.
Over the past month, 153 new luxury home listings have come to the Winnipeg MLS®, fewer than the 210 in the previous month.
Looking to buy a home in Winnipeg?   Contact Me For A Free Consultation
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…
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+.
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.
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?” Â 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.
Over the past month, 197 new luxury home listings have come to the Winnipeg MLS®. An increase over the 184 in the previous month.
Over the past month, 67 luxury listing have d-not-sell-what-is-the-next-step/”>either expired or been withdrawn from market.
For older reports, click the down arrow
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)
Over the past month, Winnipeg real estate agents have sold 52 houses which were priced over $500K. Thats slightly less than in August, but more than last year as well.
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?” Â 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.
Over the past month, 163 new luxury home listings have come to the Winnipeg Real Estate MLS®. An increase over the 154 in August 2018, and another huge jump when compared to the 123 in Sept. 2017.
Over the past month, 82 luxury listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg?   Contact Me For A Free Consultation
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..
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.
Over the past month, Winnipeg real 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.
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?” Â 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.
Over the past month, 158 new luxury home listings have come to the Winnipeg Real 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.
Over the past month, 53 luxury listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
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..
Currently, there are 202 Winnipeg homes 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.
Over the past month, Winnipeg real 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.
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?” Â 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.
Over the past month, just 55 new luxury home listings have come to the Winnipeg Real Estate MLS®. Given the option, sellers will more often wait until the spring time now.
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? Â Contact me for a Free Consultation
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..
Currently, there are 252 Winnipeg homes for sale in this price range, up from the 227 in April 2017. Â Its also near the high-water mark of 268 homes in June 2016.
Over the past month, Winnipeg real 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. Â This is more than double the number of luxury homes sold in March, and equal to the high sales mark set last June.
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?” Â 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. Â As good a time as any to list your luxury home, certainly better than in the middle of winter.
Over the past month, 144 new luxury home listings have come to the Winnipeg Real Estate MLS®, slightly more than the 122 in April, and the 45 listed in January.
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? Â Contact me for a Free Consultation
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:
Currently, there are 227 Winnipeg homes for sale in this price range, up from the 1208 in March 2017.
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.
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?” Â 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. Â As good a time as any to list your luxury home.
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.
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? Â Contact me for a Free Consultation
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..
Currently, there are 208 Winnipeg homes for sale in this price range, up from the 179 in Feb. and 165 in January
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.
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?” Â 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. Â As good a time as any to list your luxury home.
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.
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? Â Contact me for a Free Consultation
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..
Available Luxury Listings in Winnipeg
Currently, there are 165 Winnipeg homes for sale in this price range, down from the 180 listed in the December report.
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.
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?” Â 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. Â This is a HUGE increase from the 284 days in December, making this price range a buyers market. Â 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.
Over the past month, 45 new luxury home listings have come to the MLS®, similar to the 51 in December.
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? Â Contact me for a Free Consultation
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..
Currently, there are 180 Winnipeg homes for sale in this price range, down from the 212 listed in the November report.
Over the past month, Winnipeg RELATORS® have sold only 19 homes in this price range, down from 23 in the last period
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?” Â 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. Â This is another increase from the 143 days in November, making this price range a buyers market.
Over the past month, 51 new luxury home listings have come to the MLS®, similar to the 75 in November.
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? Â Contact me for a Free Consultation
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..
Currently, there are 212 Winnipeg homes for sale in this price range, nearly identical to the 211 listed in the October report.
Over the past month, Winnipeg RELATORS® have sold 27 homes in this price range, down from 235 in the last period
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?” Â 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. Â This is another increase from the 181 days in October, making this price range a buyers market.
Over the past month, 75 new luxury home listings have come to the MLS®, similar to the 76 in October.
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? Â Contact me for a Free Consultation
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..
Currently, there are 211 Winnipeg homes for sale in this price range, down from the 227 Luxury Homes listed in September’s report.
Over the past month, Winnipeg RELATORS® have sold 35 homes in this price range, up from 28 in the last period
Currently, Winnipeg’s luxury market inventory drops to 181 days in this price range. Â While this is down from the 243 available homes last month, it is still a fairly strong Buyers Market.
Over the past month, 76 new luxury home listings have come to the MLS®, fewer than the 94 in September
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? Â Contact me for a Free Consultation
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..
Currently, there are 227 Winnipeg homes for sale in this price range.
Over the past month, Winnipeg RELATORS® have sold 28 homes in this price range.
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?” Â 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.
Over the past month, 94 new luxury home listings have come to the MLS®.
Over the past month, 56 listing have either expired or been withdrawn from market.
Looking to buy a home in Winnipeg? Â Contact me for a Free Consultation
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..
Monthly Market Update for the Linden Woods neighbourhood in Winnipeg. Linden Woods Real Estate Sales, active listings, etc. Updated monthly information
Located on Royal Mint Dr. in Southland Park, you can find the Lake Park Estates Condominiums. A set of 16 condos in 8 buildings, built by Randall Homes, these are 2-storey side-by-side units.
Built by Randall Homes in 2004, the condo project is comprised of 8 buildings, each containing 2 condos (side-by-side). Each unit is 1753 sq feet (top 2 levels), plus the basement. Units feature 3 BR’s, 2.5 baths (plus any additionals bedrooms or baths added in the basement). Units feature double attached garages, large front drives and east-facing decks, looking towards the man-made lake.
Just the usual condo-restrictions, such as “No Laundry to be hung from the balcony” etc.  Pets are allowed, so long as they don’t pose a nuisance to other owners. As is common with these types of condos, the building of fences and outbuildings, such as tool sheds, is NOT permitted.
Gross Property Taxes are currently at $4,700 per year. Â Of course, as an owner who actually lives in their unit, you would qualify for the Provincial Home Owners Assistance Rebate, similar to when you own a house.>
Condo fees are currently at $275.00 per month. This includes professional management, snow clearing, grass cutting and contribution to a common reserve fund.
All units have their own insuite laundry room, and attached double garages. Added parking is on the driveways.
There is no common elements room, fitness room or anything of the type. This project backs onto a park, and has view of a lake beyond that.
Located near Fermor Ave and Lagimodiere Blvd, across from the Royal Canadian Mint, this condo is located in Southland Park; Limited (rush hour) bus service is provided.
During the 2 yr period of 2018-2019, condos at Lake Park Estates have sold for bet. $365,000 and $410,000 approximately  (MLS® stats)
If you are looking for a condo in Winnipeg, whether an apartment, townhouse or stand-alone units, call Bo Kauffmann at 204-333-2202
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Condominiums have been steadily gaining in popularity in the past few years in Winnipeg. At least part of this is due to the fact that while buyers have a tough time finding a nice house under $150,000, condominiums are still available in this price range. Check here for 7 reasons to think about condominiums.
Whether you are a first-time home buyer, or an ’empty-nester’, there are condominiums which will fit your needs. Here is an overview of available styles of condos in Winnipeg:
These are usually 3 stories tall or more, and are defined by having one general entrance way leading to a lobby or hallways, from where the individual suites branch off. Taller condominiums are most often built with concrete floors, which aids in the noise-reduction. Ideally, you would want a balcony so you can sit outside and have some fresh air.
Most have window a/c units, but the nicer, more expensive ones have central air. Another thing to keep in mind is that not all of them have in-suite laundry, which is a nice option to have. They usually come with a parking spot, with underground spots commanding a higher price. These types of condos can sometimes still be found around the $100,000 mark for a 1-bedroom, and $125,000 and up for a 2 BR, depending on the options.
Luxury condominiums of 1400 sq ft and more can run significantly more, depending on location. Â Â Apartments are the most common styles of condos in our city.
These are usually one and 2 story buildings, with each unit having its own entrance. Most of these are wooden-frame construction, the downside being that you could hear your neighbor’s stereo (or amorous escapades). These condominiumsnormally have an outdoor parking stall, window a/c and usually have in-suite laundry. An average 2 BR of about 900 sq feet will run you around $130,000, again depending on location.
Most of these are of newer construction, and can range in price and size. Being newer buildings (usually built within the past 10 years), they also come with more options, such as c/air, attached garages, full basements and other amenities. Privacy is increased in that you only share one wall with a neighbor, and most of the newer ones have fairly good sound insulation between the walls. Prices of these types of condominiums range from around $200,000 and up.
These are what I call the ‘best of both worlds”. Essentially they are stand-alone buildings, completely detached, but offering all the benefits of condo-living. You have your own home, usually with all the options including attached garages etc, but no yard-work, snow-shovelling or other maintenance required. These styles of condos are rare, and therefore pricey. They usually start around the $250,000 mark and run into the half-million dollar range.
Well, there we have the basic types and styles of condos. I hope you enjoyed, and will come back in a couple of days for Part 2, which will go into the legalities, restrictions and benefits of owning a condo, along with explanations on Reserve Fund, Condo Fee Inclusions and By-Laws of condominiums.
Also read: Condo Fees Explained  and Closing Costs when buying a house or condo in Winnipeg
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