Special Report – Winnipeg Condo Market – December 2016 – Your Update

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Winnipeg Condo Market Report
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Welcome to the report on the Winnipeg Condo Market .  This report, which is updated monthly with the latest information, focuses on all styles and price ranges of condominiums in Winnipeg, including E.St.Paul and Headingley.  Stats are pulled from the MLS®.

For our monthly report on houses bet $100K-$500K, see our Winnipeg Housing Market Report.  For houses over $500K, see our monthly Winnipeg Luxury Homes Report.


“Since Houses don’t have ‘Condo Fees’, they’re a better deal, right?”


Winnipeg Condo Market Report for January 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 278 condos available for sale in Winnipeg, down from the 313 in the previous Winnipeg Condo Market report, actually making this the lowest level in the past year.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 19 condos in this price range, less than half (40) of the number sold in December 2016.

 

Special Report - Winnipeg Condo Market  - December 2016 - Your UpdateDays 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 454 days in this price range, nealy double that of the 234 days in the previous report.

Newly Listed Condos

Over the past month, 83 new condos listings have come to the MLS®, down from the 103 in the previous month, again making this the lowest number in the past 12 months.

Expired Listings

Over the past month, 92 listing have either expired or been withdrawn from the market, up from the 82 expired listings in the previous month.

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.

Looking to buy a home in Winnipeg?  Contact me for a Free Consultation

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

Available Condo Listings above $250K

Currently, there are 209 condos available for sale in Winnipeg in this price range, down from the 241 in December, and again the lowest available number in the past year.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold just 23 condos in this price range, a slight increase of the 19 sold in the previous month.

 

Special Report - Winnipeg Condo Market  - December 2016 - Your UpdateDays of Inventory

Currently, Winnipeg’s condo market inventory sits at 282 days in this price range. Better (faster) than the 380 days in Decembers report, but this is still a relatively slow market…..good for buyers.

Newly Listed Condos

Over the past month, only 70 new condos listings have come to the MLS®, nearly the same as the month before.

Expired Listings

Over the past month, 79 listing have either expired or been withdrawn from the market, up from the 51 in Decembers Winnipeg Condo Market report.

Summary of the Lux-Condo Market in September 2016

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!

Looking back at last month

Winnipeg Condo Market Report for December 2016

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

Available Condo Listings bet. $100-$249K

Currently, there are 313 condos available for sale in Winnipeg, down from the 335 in the previous Winnipeg Condo Market report.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 40 condos in this price range, up slightly from the 38 sold in November.

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 234 days in this price range, a little faster market than the 273 days in last month’s report.

Newly Listed Condos

Over the past month, 103 new condos listings have come to the MLS®, down from the 118 in the previous month.

Expired Listings

Over the past month, 82 listing have either expired or been withdrawn from the market, up from the 69 expired listings in the previous month.

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.

Looking to buy a home in Winnipeg?  Contact me for a Free Consultation

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

Available Condo Listings above $250K

Currently, there are 241 condos available for sale in Winnipeg, 10 fewer than the 251 in November.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold just 19 condos in this price range, a significant decrease from the 40 sold in the previous month.

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

Days of Inventory

Currently, Winnipeg’s condo market inventory catapulted to 380 days in this price range.  Still large inventory and slower sales means a slightly cooler market, when compared to the 195 days of inventory in the previous period.

Expired Listings

Over the past month, 51 listing have either expired or been withdrawn from the market, down from the 72 in Novembers Winnipeg Condo Market report.

Newly Listed Condos

Over the past month, only 71 new condos listings have come to the MLS®.

Summary of the Lux-Condo Market in December 2016

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!


Previous Real Estate Market Reports

click on arrow to expand…..

Winnipeg Condo Market Report for November 2016

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 335 condos available for sale in Winnipeg, down from the 367 in the previous Winnipeg Condo Market report.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 38 condos in this price range, also down from the 49 sold in October.

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

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 273 days in this price range, quite a bit slower than the 225 days in last month’s report.

Newly Listed Condos

Over the past month, 118 new condos listings have come to the MLS®, down from the 135 in the previous month.

Expired Listings

Over the past month, 69 listing have either expired or been withdrawn from the market, down from the 110 expired listings in the previous month.

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.

Looking to buy a home in Winnipeg?  Contact me for a Free Consultation

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

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

Available Condo Listings above $250K

Currently, there are 251 condos available for sale in Winnipeg, down from the 269 in October.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 40 condos in this price range, an increase over the 36 sold in the previous month.

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 195 days in this price range.  Lower inventory and higher sales means a slightly warmer market, when compared to the 224 days of inventory in the previous period.

Expired Listings

Over the past month, 72 listing have either expired or been withdrawn from the market, up from the 44 in Octobers Winnipeg Condo Market report.

Newly Listed Condos

Over the past month, 102 new condos listings have come to the MLS®, also up from the 102 in October 2016.

Summary of the Lux-Condo Market in September 2016

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 October 2016

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 367 condos available for sale in Winnipeg, down from the 406 in the previous Winnipeg Condo Market report.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 49 condos in this price range, also down from the report in September.

Special Report - Winnipeg Condo Market  - December 2016 - Your Update
Entry Level Condo Market in Winnipeg

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 225 days in this price range, a slower market than the 203 days in last month’s report.

Newly Listed Condos

Over the past month, 135 new condos listings have come to the MLS®, down from the 166 in the previous month.

Expired Listings

Over the past month, 110 listing have either expired or been withdrawn from the market, up slightly from the 107 expired listings in the previous month.

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.

Looking to buy a home in Winnipeg?  Contact me for a Free Consultation

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

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

Available Condo Listings above $250K

Currently, there are 269 condos available for sale in Winnipeg, down from the 291 in September.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 36 condos in this price range, an increase over the 29 sold in the previous month.

Special Report - Winnipeg Condo Market  - December 2016 - Your Update
Upper End Condos in Winnipeg

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 224 days in this price range.  Lower inventory and higher sales means a slightly warmer market, when compared to the 301 days of inventory in the previous period.

Expired Listings

Over the past month, 44 listing have either expired or been withdrawn from the market, down from the 51 in Septembers Winnipeg Condo Market report.

Newly Listed Condos

Over the past month, 88 new condos listings have come to the MLS®, also down from the 129 in September.

Summary of the Lux-Condo Market in October 2016

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 September 2016

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

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

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 406 condos available for sale in Winnipeg.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 60 condos 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 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 203 days in this price range.

Newly Listed Condos

Over the past month, 166 new condos listings have come to the MLS®.

Expired Listings

Over the past month, 107 listing have either expired or been withdrawn from the market.

Summary of the Entry-Level Condo Market in Winnipeg

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

Special Report - Winnipeg Condo Market  - December 2016 - Your Update

Available Condo Listings above $250K

Currently, there are 291 condos available for sale in Winnipeg.

Sold in the past 30 days

Over the past month, Winnipeg RELATORS® have sold 29 condos in this price range.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 301 days in this price range.

Expired Listings

Over the past month, 51 listing have either expired or been withdrawn from the market.

Newly Listed Condos

Over the past month, 129 new luxury condos listings have come to the MLS®.

Summary of the Lux-Condo Market in September 2016

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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11 Comments on "Special Report – Winnipeg Condo Market – December 2016 – Your Update"

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Richard Markham
Guest

Nice piece. Will be interesting to see what 2017 brings.

Member

Wow that is a nice intro pic of Winnipeg. Makes me want to buy a condo there. I think it would be a great investment indeed. Will be contacting you this week to discuss further details.

Member

Sales have gone up in the past month. That a positive thing to hear and indicates that the economy is on the rise and people are feeling more confident to buy.

Member

Lol that was an hilarious video. I almost ready to buy and this gives me an great overall view on what I need to consider. I know when I do get ready to buy my budget will be 100k or less.

Member

Where is winnipeg actually? California? and judging from these numbers even houses are treated like shares of stock or something.

Member

These units looks amazing. However I am in manila right now, So I do not know what to say. What is shocking though is there is actually a guide to these?

Member

Great, it’s good to be in the know how of Winnipeg’s condominium sales. I wonder how those numbers fluctuate during the year.

Member

The Winnipeg condominium market seems to be doing good last month. I am pretty sure the numbers will be even better this month.

Member

This site is very helpful. It is very detailed. A lot of help for people who wants to purchase a home.

Member

Wow this is full of details. Thank you for giving the effort of creating this article.

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