Winnipeg Condo Market Report for May 2018

This is actually the first Condo Market report of 2018.  Here I present a different way of comparing this months’ sales to the previous month, as well as the previous year.

Available Condo Listings bet. $100-$249K

Currently, there are 516 condos, priced bet. $100K and $250 K, available for sale in Winnipeg.  This is an increase of nearly 80 units from the previous month, and a huge increase over the 393 available in May 2017.  (30% year over year).

Entry Level Condos SOLD in the past 30 days

Over the past month, Winnipeg REALTORS® have sold 61 condos in this price range, up from 53 in April, and down about 7% over last year.  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 condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

So, combining the increased number of available homes with the slight decrease in sales, causes the ‘Days of Inventory’ to jump from 181 last year to 254 now.  Great buyers market.

Newly Listed Condos

Over the past month, 228 new condo listings have come to the MLS®, down from the 200 listed in April, but up over last years’ 163.

Expired Listings

Over the past month, 75 listing have either expired or been withdrawn from the market.

Summary of the Entry-Level Winnipeg Condo Market

Condos in all price ranges are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 334 condos available for sale in Winnipeg in this price range, approx. 13% more than last month (289) and about the same as last year.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 39 condos in this price range.  This is up slightly over last month, but down about 15% over last year.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 257 days in this price range, about the same as last month, but quite a bit slower than last year.

Newly Listed Condos

Over the past month, 159 new condos listings have come to the MLS®, up from last month, and from last year.

Expired Listings

Over the past month, 45 listing have either expired or been withdrawn from the market, about the same as last month, and 15% more than last year.

Summary of the Lux-Condo Market in May 2018

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for December 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 355 condos available for sale in Winnipeg, down from the high point of the year, which was in June (425 listings)

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold only 37 condos in this price range, down significantly from the high point in May, put still nearly twice as many in January.

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 condos 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 condo market inventory sits at 287 days in this price range, relatively high when compared to some of the housing segments, such as 70 days for houses in this same price range.  Condos in nearly all price ranges are firmly in a ‘buyers market’.

Newly Listed Condos

Over the past month, only 94 new condo listings have come to the MLS®, down from the nearly 200 listed in June.

Expired Listings

Over the past month, 78 listing have either expired or been withdrawn from the market.

Summary of the Entry-Level Winnipeg Condo Market

Condos in all price ranges are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 243 condos available for sale in Winnipeg in this price range, approaching the yearly low-point set past January of only 209 Condos.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 32 condos in this price range.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 228 days in this price range compare to last year’s December of 380 days.

Newly Listed Condos

Over the past month, only 60 new condos listings have come to the MLS®, making this the low point of this year.

Expired Listings

Over the past month, 44 listing have either expired or been withdrawn from the market, more than the 35 expired in March, and less than the level of the year-high January.

Summary of the Lux-Condo Market in December 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for August 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 437 condos available for sale in Winnipeg, up from the 393 in May 2017.

Sold in the past 31 days

Over the past month, Winnipeg RELATORS® have sold 54 condos in this price range, down slightly from the 60 sold in July, however nearly triple the number sold in January (19).

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 condos 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 condo market inventory sits at 251 days in this price range, relatively high when compared to some of the housing segments, such as 70 days for houses in this same price range.  Condos in nearly all price ranges are firmly in a ‘buyers market’.

Newly Listed Condos

Over the past month, 175 new condos listings have come to the MLS®, down from the nearly 200 listed in June.

Expired Listings

Over the past month, 91 listing have either expired or been withdrawn from the market, up from 79 in July, but still well below the 110 which expired in October 2016.

Summary of the Entry-Level Winnipeg Condo Market

Condos in all price ranges are still a buyers market, especially when compared to houses in the same range.

Thinking of buying an investment condo?

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 310 condos available for sale in Winnipeg in this price range, nearly the same as the 306 available in July, or the 317 in June.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 39 condos in this price range, a slight decrease of the 45 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 246 days in this price range. Slower than the 204 in July but far better than then 380 days in December.

Newly Listed Condos

Over the past month, 139 new condos listings have come to the MLS®, up from the 116 the previous month.

Expired Listings

Over the past month, 67 listing have either expired or been withdrawn from the market, more than the 35 expired in March, and less than the level of the year-high January.

Summary of the Lux-Condo Market in August 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for June 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 425 condos available for sale in Winnipeg, up from the 393 in May 2017.

Sold in the past 31 days

Over the past month, Winnipeg RELATORS® have sold 52 condos in this price range, down slightly from the 65 sold in May, however nearly double the number sold in March (27)  and inching fairly close to the yearly high of September (60)

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 condos 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 condo market inventory sits at 253 days in this price range, relatively high when compared to some of the housing segments, such as 56 days for houses in this same price range.  Condos in nearly all price ranges are firmly in a ‘buyers market’.

Newly Listed Condos

Over the past month, 199 new condos listings have come to the MLS®, making it the high-point of the past year.

Expired Listings

Over the past month, 86 listing have either expired or been withdrawn from the market, up from 71 in May, but still well below the 110 which expired in October 2016.

Summary of the Entry-Level Winnipeg Condo Market

Condos in all price ranges are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 317 condos available for sale in Winnipeg in this price range, down from the 330 in May, and up from the 209 in January.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 47 condos in this price range, a slight increase of the 45 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 209 days in this price range. Slower than the 180 in April but far better than then 380 days (over a year?) in December.

Newly Listed Condos

Over the past month, 120 new condos listings have come to the MLS®, down from the 139 the previous month.

Expired Listings

Over the past month, 70 listing have either expired or been withdrawn from the market, more than the 38 expired in May, and about the same as the level of the year-high January.

Summary of the Lux-Condo Market in June 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for April 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 388 condos available for sale in Winnipeg, up from the 360 in March.

Sold in the past 31 days

Over the past month, Winnipeg RELATORS® have sold 53 condos in this price range.  Nearly double the number sold in March (27)  and inching fairly close to the yearly high of September (60)

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 condos 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 condo market inventory sits at 227 days in this price range, relatively high when compared to some of the housing segments, such as 61 days for houses in this same price range.  It has improved over the stats of March, when inventory sat at 373 days.

Newly Listed Condos

Over the past month, 178 new condos listings have come to the MLS®, making it the high-point of the past year.

Expired Listings

Over the past month, 72 listing have either expired or been withdrawn from the market, up from 52 in March, but still well below the 110 which expired in October 2016.

Summary of the Entry-Level Winnipeg Condo Market

Condos in this price range are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 307 condos available for sale in Winnipeg in this price range, up from the 246 in March, and from the 209 in January.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 53 condos in this price range, a slight increase of the 42 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 180 days in this price range. Better (faster) than the 219 days in the February report, but slower than the 164 days in March…..good for buyers.

Newly Listed Condos

Over the past month, 155 new condos listings have come to the MLS®, up from the 121 the previous month.

Expired Listings

Over the past month, 49 listing have either expired or been withdrawn from the market, more than the 35 expired in March, and about the same as the level in Feb  (50)

Summary of the Lux-Condo Market in April 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for March 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 360 condos available for sale in Winnipeg, up from the 309 in Feb.

Sold in the past 28 days

Over the past month, Winnipeg RELATORS® have sold 27 condos in this price range.  More than in January, but about half from the yearly highpoint of 60 in September.

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 condos 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 condo market inventory sits at 373 days in this price range, relatively high when compared to some of the housing segments, such as 57 days for houses in this same price range.

Newly Listed Condos

Over the past month, 160 new condos listings have come to the MLS®, nearly the same as the highpoint last Sept..

Expired Listings

Over the past month, 52 listing have either expired or been withdrawn from the market, down from the 67 in Feb, and from the 92 in January.

Summary of the Entry-Level Winnipeg Condo Market

Condos in this price range are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 246 condos available for sale in Winnipeg in this price range, up from the 240 in Feb.., and from the 209 in January.

Sold in the past 28 days

Over the past month, Winnipeg RELATORS® have sold 42 condos in this price range, a slight increase of the 34 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 164 days in this price range. Better (faster) than the 219 days in the February report, but this is still a relatively slow market…..good for buyers.

Newly Listed Condos

Over the past month, 121 new condos listings have come to the MLS®, nearly the same as the month before (120)

Expired Listings

Over the past month, 35 listing have either expired or been withdrawn from the market,down from the 50 in Feb. and again from the 79 in January

Summary of the Lux-Condo Market in March 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

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