This is the first market update of 2023. Click on the pic for a great mobile experience.
December 2022 Winnipeg Real Estate Update
This is a quick highlights version of the monthly real estate update. Try it on your mobile too.
Click on the picture to see the report, including info on the most expensive houses and condos in Winnipeg.
.
Winnipeg Real Estate Update for October 2022
Check out the latest sales and listing stats for Winnipeg’s changing real estate market. Winnipeg housing market report, and the condo market report all in one.
Advertisements
And here is the audio format for that same report:
Winnipeg Real Estate Update for August 2022
Transcript of August WInnipeg Real Estate Report
[00:00:00]Bo Kauffmann: Wait till you hear what’s going on in the Winnipeg real estate market. That’s coming up next on Winnipeg’s real estate podcast.
[00:00:09] You’re listening to the Bo knows real estate podcast tips and advice for home buyers, sellers, and owners with award winning Remax agent Bo Kaufman.
[00:00:25] Hello, this is Bo Kaufman Remax performance Realty in Winnipeg. And what a difference a couple of months makes we’ve gone from a super, super insanely strong seller’s market, which was happening in April and may. June started to slow down and July saw further slow downs. And right now it’s turned into an almost too strong a buyer’s market.
Advertisements
[00:00:44] It’s completely swung the other way.. There are reports of listings going up and getting one showing in the first week on the market. I’m not talking about offers. I’m talking to just one showing. So why is this happening? I think rising interest rates have one or one reason. Second reason might be that buyers are just fatigued.
[00:01:03] They’ve been getting beaten in April and may and parts of June. And they’ve just taken a break. And the third reason is that August traditionally is a slower time. People that want to get into a house before the school starts have already done their buying and August is actually a big moving month.
[00:01:19] So August is super busy for lawyers and moving companies. So one of the most common questions I get is when it’s a great time to buy a house while it’s right now. So actually I’ve got buyers that I work with throughout April and may we kept. We kept getting hosed. We kept getting beaten by 10, 12, 15 offers going a hundred thousand over asking.
[00:01:38] And they basically gave up around June. They had to renew their lease, which was up in July and they just emailed me and saying, Hey, we just, we had to renew our lease. We’re gonna go one more year and we’re gonna come back into it. Next spring. Guess what? So I told them exactly what I’m gonna tell you now, traditionally, and I’m going back over the last 17 years.
[00:01:56] Cause that’s all the history that I know. Cause I’ve been doing this for 17 years now. Spring is the singularly worst time to buy a house. That’s because everybody else is doing it. There’s a famous saying that says that if everybody else is buying, sell. Another way to look at it is if everybody else is buying, don’t buy it that time.
Advertisements
[00:02:14] There’s super competition. It’s just a natural thing in Winnipeg. We hibernate through December, January, February, and then spring comes out and all the buyers come out and that’s when you start getting these crazy Bing worse, this year was absolutely insane. But even in past years, April and May have been really busy, very competitive.
[00:02:34] So that’s probably the worst time to buy. You should be looking at buying right now are a lot of listings on the market and some of them aren’t getting any showings, let alone multiple offers. So let’s look at some of the numbers of how many listings there are and compare that to spring. On August 1st, we actually had 1,263 houses for sale on the market.
[00:02:57] 1263. Compare that to 426 in April and 568 in may. It’s almost triple the amount of listings available. So breaking that down houses under a quarter million dollars, we have 288 in April. We had a hundred. So now we have nearly 300 throughout the month of July. We sold about 108 of these houses.
[00:03:19] Compare that to last year, same time, 151. So that’s like a 35% less than last year houses between two 50 and 500,000. We have 561 homes on the market. In February we had 116. Now we have about five times as many homes available as we did in February. We’ve sold throughout the month of July 482 of them, 482 compared. 583 in may.
[00:03:49] Next price range up the 500 to 1 million. We have 355 homes on the market. We had 80 in February. So now we have 355. We’ve sold 190 in the month of July. And compare that to three 50 in the month of may. So nearly half as many sales in this price category as we had in may, just two months ago and the million dollar plus homes, we have 59 on the market.
Advertisements
[00:04:17] Compared to nine in February. So 59 that’s, six times as many. And we’ve sold five in the month of July compared to 18 in the month of may. So you can see buyer activity is way down. Listings are up. This is the time to to buy a house. Yes, interest rates have gone up. You can still get a pretty good.
[00:04:37] Traditionally speaking, if you’re paying 4% or 5%, that’s actually a very good rate. My father-in-law. I remember him telling me he bought his house in 1967 and his in-laws told him he was nuts because he paid 6% interest, which was to them was really high. But traditionally five and 6% are really low rates compared to the 18% that we had 30, 40 years.
[00:05:02] No, you can’t get 1.9 % anymore, but you also don’t have to pay a hundred grand over asking anymore. So who’s looking for a house right now. Gimme a shout and let’s look at condos next because we’re gonna see a very similar picture.
[00:05:17] This episode of Winnipeg’s real estate podcast is sponsored by Urban Topcoat, paint and design, bringing quality fine finishes to your home. Whether you’re planning to sell, have just settled in or looking for a robust color refresh Urban Topcoat, paint and design has your home covered. There’s quality in their hands and they leave it in their work call Rob white today at two oh four seven nine one eight oh two.
[00:05:41] Currently we have 365 condos available in all of Winnipeg. That is up from three 12 in June two 40 in may. So 365 available right now, lots of choices out there in the month of July, we’ve sold 160 condos. It’s a little bit more than what we did in in April and March condos under a quarter million dollars.
[00:06:04] We’ve sold about 80 of them in. Compared to 113 in may. So those sales are down as well and condos over a quarter million, that’s all the way up to whatever the infinity is. I believe there’s still a million dollar condo mil, a few million dollar plus condos out there. We have available 168. We’ve sold.
[00:06:23] 82 in the month of July. And that’s in line with what we did last year, where we sold 76 last year in the month of July. But in may, this year, we sold over a hundred, same with June. So those sales now they’re 82, they’re down 20% or so as well. Again. Just like houses. It’s a good time to buy a condo right now as well.
Advertisements
[00:06:41] Are you looking to buy a house or a condo in Winnipeg work with the agent who takes the time to explain the process to you, guiding you through every step for service beyond the sale book, your home buying consultation with Bo Kaufman of Remax performance today Bo knows real estate.
[00:07:39] I truly hope you enjoyed this episode as much as I enjoy making these. If you have any questions or anything that you’d like me to talk about in future, gimme a shout at time.
[00:07:47] 2 0 4 3 3 2 2 0 2. Or email me at bonos homes, gmail.com til next time, byebye.
[00:08:00] You’ve been listening to Bo Kauffmann of Remax performance Realty. Are you thinking of buying or selling a house or a condo in Winnipeg? Call Bo at (204) 333-2202. Remember Bo knows real estate.
Winnipeg Real Estate Market Update February 2022
Welcome to the real estate quickie for Feb 2022
First, let’s look at the HOUSING market.
Advertisements
On Feb 1st we have 306 houses for sale in Winnipeg. Let’s put that into context. Last year, which as you may recall, was a super hot sellers market, but we actually had 481 Houses available, or about 60% MORE than today. And 2 years ago, that number was over 1100….nearly 4 times what it is right now.
What are the real world effects of this type of market? House went up for sale in St James last week, at 370K, got 19 offers and sold for over 100K more….
Over the month of January, which is normally a pretty slow month, we sold 273 houses, with another 55 showing as pending, for a total potential sale of 328…. That means that, at this pace, if NO further listings came to market, everything would be sold in the next 29 days….. that is a super low inventory level.
But how about condos? Traditionally, they have a history of being more affordable and available.
Well, there are 227 Condos of all prices available in Winnipeg right now. One year ago that number was 402….. and 2 yrs ago it was 561
In January, we sold 69 condos, with another 40 showing as pending, for a total potential sale of 109 condos. This inventory level sits at 65 days…. While that’s double the level of houses, in the condo-market this is super fast.
So even condos are now selling with multiple offers, there is simply no escaping it.
If you’re a buyer, hold off if you can. And if you’re a seller, RIGHT NOW is a great time to list your home.
If you have to do both, there are strategies available to maximize your results….call me to discuss that may be best for your unique and distinct situation.
For previous months reports, click on down arrow
Winnipeg Housing Market Report for August 2021
Winnipeg Housing Market Report for July 2021
Winnipeg Housing Market Report for June 2021
Winnipeg Real Estate Housing Market Update May 2021
Winnipeg Real Estate Market Update April 2021
New for 2021 – Downloadable Market Update PDF
A new year, and a new way of learning about the Winnipeg Real Estate Market. What follows is a downloadable, multi-media market update in PDF format. Read it here, and if you are on a mobile device, please turn your phone sideways so you can experience the dual page layout.
This Winnipeg housing market report includes all areas in Winnipeg, plus Headingley and E.St. Paul. The report focuses on all houses under $500,000 and ALL Condos in Winnipeg.
For the real estate report on higher price ranges, see our Luxury Homes Report, which is issued in the middle of every other month, starting with Jan. 18th, 2021.
Winnipeg Real Estate Report March 2021
Winnipeg Market Report for December 2020
Winnipeg Market Report for November 2020
Welcome to our custom Winnipeg Housing Market Report. Each month we look at the numbers of available listings, sales and expired listings stats in Winnipeg‘s real estate market. This report will include Winnipeg, E/St Paul and Headingley, and focus on homes in the 100K to 500K range. This market update includes detached homes, attached homes (commonly known as side-by-sides) townhouses and mobile homes. It relies on stats from the MLS® and Winnipeg REALTORS.
Welcome to our custom Winnipeg Housing Market Report. Each month we look at the numbers of available listings, sales and expired listings stats in Winnipeg‘s real estate market. This report will include Winnipeg, E/St Paul and Headingley, and focus on homes in the 100K to 500K range. This market update includes detached homes, attached homes (commonly known as side-by-sides) townhouses and mobile homes. It relies on stats from the MLS® and Winnipeg REALTORS.
Let’s start with the market highlights for the sales during the month of June.
During the month, we sold 782 houses in Winnipeg, which is lower than last month, but still an increase over last year.
The most expensive house sold was $2,90,000 in Tuxedo.. In fact there were 4 houses sold in the $1 Million + range in Tuxedo alone.
Available Homes on August 1st 2020
As you can see, compared to last years’ 1,858 available houses, this year we only have 1,132…. creating a stronger sellers market. But thats only have the bad news for house buyers because….
Sales of houses are actually UP over last year.
In nearly all price ranges, this years’ sales are outpacing last years for the same time period in July. In total, we sold 782 Houses in Winnipeg in July 2020, compared to 652 last year.
Days of Inventory: Measuring Market Pace
The lower the ‘Days of Inventory’ the hotter the market. As you can see, again in all price ranges, this July was more of a sellers market than 2019.
The lower the number, the hotter the market. in all price ranges the pace THIS year is faster than it was in the same period in 2019.
Summary: Buyer activity is UP over last year, but the available homes they can choose from are way down. Great time to sell.
Keep up to date with my Podcast Apps
interested in keeping up with real estate matters in Winnipeg? I have free Podcast Apps for your I-Phone or Android device. Simply click these links to get to the respective stores.
Never miss an episode. 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.
During the month, we sold 861 houses in Winnipeg, which is not only higher than last month, but also an increase over last year.
The most expensive house sold was $1,450,000 in South Headingley. In fact there were 4 houses sold in the $1 Million + range.
Available Homes on July 1st 2020 are way down
Graph with available houses in July 2020
As you can see, compared to last years’ 1,866 available houses, this year we only have 1,232…. pointing to a stronger sellers market. But thats only have the bad news for house buyers because….
Sales of houses are actually UP over last year.
Graph with SOLD statistics for Winnipeg Housing Market July 2020
In nearly all price ranges, this years’ sales are outpacing last years for the same time period in June.
Days of Inventory: Measuring Market Pace
The lower the ‘Days of Inventory’ the hotter the market. As you can see, again in all price ranges, this June was more of a sellers market than 2019.
Graph showing the Days of Inventory of houses in Winnipeg
Summary: Buyer activity is UP over last year, but the available homes they can choose from are way down. Great time to sell.
Real Estate Market Update for June 2020
Market Highlights for May 2020
Market Highlights for April 2020
Here is an overview of sales during the entire month of April 2020
The most expensive house sold in April was for $1.19 Million in Tuxedo. A total of 375 houses were sold, which is down from last months 503….and significantly lower than last years’ 558.
Currently, on May 1st, there are 1213 houses available in Winnipeg, which is down slightly from last year and from last month. The bulk of available homes are in the $250,000 to $500K range.
As we can see, the number of entry level homes sold (93) is down a lot from last months 126, and even more over last years sale of 156. Both of the other two price ranges have experienced similar drops over last month and year.
Looking at inventory levels, we can see that this is a very good buyers market in the entry level home category, with 92 days of inventory. Luxury homes are now at 290 days… great for buyers.
How about home seller confidence?
Are sellers still listing their homes right now? Check out these stats: Only 698 new house listings came to the market during April, much lower than the 817 in March, and the 1144 in April 2019.
What does this mean? There are 1213 available homes, interest rates are near an all-time low….. now is a great time to buy your first, or next home.
Market Highlights for March 2020
Here is an overview of the month of March
The most expensive home sold in March was in Assiniboine Woods, and sold for $1.1 Million. A total of 503 houses were sold, which compares favorably against last month (439) and against last year same time (447)
Currently, on April 1st, there are 1249 houses available in Winnipeg, which is up slightly from last year and from last month. The bulk of available homes are in the $250,000 to $500K range.
As we can see, the number of entry level homes sold (126) was identical to the number sold last year. The big increase came in the sales of homes bet. $250-$500k, which jumped from 279 last year to 330 this year.
Looking at inventory levels, we can see that this is a very good buyers market in the entry level home category, with 77 days of inventory.
How about home seller confidence?
Are sellers still listing their homes right now? Check out these stats: The 1,018 new house listings is roughly 30% more than last month, and 25% over last year same time.
What does this mean? There are lost of listings (1249), interest rates are near an all-time low….. now is a great time to buy your first, or next home.
Market Highlights for January 2020
We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below
Lets take an overview of the January 2020 market:
As we can see, the number of available houses has dropped from 1420 in December to 1110 in January….. the lowest point in over a year..
Sales have also dropped, from 351 to just 213.
We see the same in Condos, where both inventory and sales have dropped in double digit percentages
Let’s take a look at the individual categories and compare to last month, and also to last year same time.
Entry level homes under $250,000 in price
As you can see, 312 available homes is a 24% decrease from over last month, and the same level as one year ago. In fact, all price ranges have dropped in inventory when compared to December.
Sales of 69 of these homes is 34% less than last month, but actually up from last year by 8%
Inventory levels have shot up when compared to last month……. a good sign for home buyers.
Mid-Range homes between $250-$500K
521 available homes in this price range is a 21% decrease over last month, and 6% Fewer homes than last year.
Sales (124 homes) have dropped by 40% over last month, but still slightly higher (2%) when compared to last year.
Inventory levels shot up by 30% from last month, and are still lower than last year..
Luxury Homes over $500K
277 homes available in the $500K+ plus range is a decrease (-21%) over last month, and 19% more than last year.
Sales of just 20 homes are a huge 48% drop from December, and also 17% off from last year.
Inventory levels are increase by 55% over last month, a great time to invest in your dream home.
Summary of the January Winnipeg Market
Lets look at what this means for each price category:
Entry level houses have gone into a Super Hot Buyers Market. If you’re looking for a home in this price range, and if you can find one you like, now is the best time to buy!
Mid-range priced homes have moved into a Super Hot Buyers Market.
Luxury homes are also in a Super Hot Buyers Market as well.
Market Highlights for December 2019
This month, we’ve started to streamline the report a little, focusing on the most important aspects of the market stats. We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below
Lets take an overview of the December market:
December Market for Winnipeg
As we can see, the number of available houses has dropped from 1610 in November to 1420 in December….. a 12% drop in inventory.
Sales have also dropped, from 428 to 351, a drop of 18%.
We see the same in Condos, where both inventory and sales have dropped in double digit percentages
Let’s take a look at the individual categories and compare to last month, and also to last year same time.
Entry level homes under $250,000 in price
As you can see, 410 available homes is a 8% decrease from over last month, and an 9% increase over last year at the same time. In fact, all price ranges have dropped in inventory when compared to November this year.
Sales of 105 of these homes is 23% less than last month, and also down from last year by 10%
Inventory levels have shot up when compared to last month and last year……. a good sign for home buyers.
Mid-Range homes between $250-$500K
695 available homes in this price range is a 13% decrease over last month, and 5% MORE than last year.
Sales (208 homes) have dropped by 17% over last month, but still higher by 6% when compared to last year.
Inventory levels remained very similar from last month and year over year.
Luxury Homes over $500K
351 homes available in the $500K+ plus range is a decrease (-5%) over last month, and a whopping 31% more than last year.
Sales kept pace by a slight 5% decrease over last month, but a huge increase over last year. (+51%)
Inventory levels are similar to November, but a hugh increase over 2018.
Summary of the December Winnipeg Market
Lets look at what this means for each price category:
Entry level houses have gone into a Super Hot Buyers Market. If you’re looking for a home in this price range, and if you can find one you like, now is the best time to buy!
Mid-range priced homes are, similar to last month, in a Hot Buyers Market.
This month, we’ve started to streamline the report a little, focusing on the most important aspects of the market stats. We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below
As we can see, the number of available houses has dropped from 1945 in September to 1772 in October….. a 10% drop in inventory.
Sales have kept pace, dropping about 7% from September
We see the same in Condos, where both inventory and sales have dropped in double digit percentages
Let’s take a look at the individual categories and compare to last month, and also to last year same time.
Entry level homes under $250,000 in price
As you can see, 504 available homes is a 10% decrease from over last month, and an 8% increase over last year at the same time. In fact, all price ranges have dropped in inventory when compared to September this year…. but for the most part have sold more than last year same month
Sales of 160 of these homes is virtually the same as last month, and also a 2% increase when compared to last year.
Mid-Range homes between $250-$500K
869 available homes in this price range is a 10% decrease over last month, and 5% less than last year.
Sales (347 homes) have dropped by 10% over last month, but still higher by 6% when compared to last year.
Luxury Homes over $500K
399 homes available in the $500K+ plus range is a decrease (5%) over last month, and 13% more than last year.
Sales kept pace by a slight 2% decrease over last month, but a huge increase over last year.
Summary of the October Winnipeg Market
Lets look at what this means for each price category:
Market Highlights for September 2019
This month, we’ve started to streamline the report a little, focusing on the most important aspects of the market stats. We will show the three main factors: Numbers of available listings, numbers of houses sold in the past period (30 or 31 days) and the “Inventory Levels” calculated from the first 2 stats. In fact, if you want to see she quick AMP-Story on your mobile, click the button below
As you can see, 555 available homes is a 1% decrease from over last month, and a 13% increase over last year at the same time. So about the same as last month, however quite a few more listings than the same time last year.
Sales of 159 of these homes is a significant 16% drop from, last month, and also a decrease of 2.5% when compared to last year.
Combine those stats and we see that 108 days of inventory is a 18% increase over last month, and a 16% increase over last year-same time. Good news for buyers.
Mid-Range homes between $250-$500K
970 available homes in this price range is a 4% increase over last month, and 1% more than last year.
Since sales (383 homes) have dropped by 11% over last month, this spells a b9it of relief for bidding-war weary buyers.
Luxury Homes over $500K
This is turning into a very strong buyers market in Winnipeg. 420 homes available in the $500K+ plus range is a further increase (2%) over last month, and 13% more than last year.
Sales kept pace by an 11% increase over August, to 50 homes SOLD in this price range. Still 4% slower than last year.
Summary of the September Winnipeg Market
Lets look at what this means for each price category:
MARKET HIGHLIGHTS FOR JULY 2019
AVAILABLE LISTINGS BETWEEN $100K AND $250,000
Currently, in mid-July` 2019, there are 490 homes in this price range for sale in Winnipeg, an increase from the 486 in June, and also up from the 450 last year this time.
SOLD IN THE PAST 30 DAYS
Over the past month, Winnipeg REALTORS® have sold just 188 homes in this range, a further drop from last month, and about the same as last year.
DAYS OF INVENTORY
DESCRIPTION: THIS IS THE NUMBER OF DAYS IT WOULD TAKE TO SELL ALL REMAINING HOMES AT THE CURRENT RATE OF SALE, IF NO NEW LISTINGS WERE TO COME TO MARKET. HERE, THE LOWER THE NUMBER, THE HOTTER THE WINNIPEG HOUSING MARKET.
The current number of days of inventory in this entry-level price range in now at 78 days, four days longer than last month, and 6 days slower than last year this same time.
EXPIRED LISTINGS IN THE PAST MONTH
Over the past month, 119 listings have expired, compared to 77 last month, and 87 the same time a year ago. Is your home among the ‘expired listings’? Let’s fix that!
NEWLY LISTED HOMES IN THE PAST MONTH
Another indicator of market strength. In the past month, 343 new listings have hit the MLS, which is up from last month and last year..
AVAILABLE HOUSE LISTINGS BETWEEN $250K AND $500K
Currently there are 945 houses listed for sale in this range, a further increase from last month (934), and 15% more than last year same time. It’s still a good time to buy, but for how much longer?
SOLD IN THE PAST 31 DAYS
Over the past month, Winnipeg Real Estate agents have sold 413 homes in this price range, down from the 504 sold in June, and down slightly from the amount sold last year this time.
DAYS OF INVENTORY
The current number of days of inventory in this mid-level price range jumps to 69 days, 12 days slower than last month (and last year). The reason is that the number of listings are outpacing the number of sales.
EXPIRED LISTINGS IN THE PAST MONTH
Over the past month, a total of 154 home listings have expired or have been withdrawn from the market, more than last month and last year. Whats the root cause of ‘expired listings’…. we know what causes this!
Thinking of selling your home? Call me for a market evaluation, and let’s get your home SOLD!
MARKET HIGHLIGHTS FOR June 2019
AVAILABLE LISTINGS BETWEEN $100K AND $250,000Currently, in mid-June 2019, there are 486 homes in this price range for sale in Winnipeg, an increase from the 444 in May, and also up from the 474 last year this time.
SOLD IN THE PAST 31 DAYS
Over the past month, Winnipeg REALTORS® have sold just 203 homes in this range, up from last month, and about the same as last year.
DAYS OF INVENTORY
Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market. Here, the lower the number, the hotter the Winnipeg housing market.
The current number of days of inventory in this entry-level price range in now at 74 days, three days longer than last month, but still faster than last year (71).
EXPIRED LISTINGS IN THE PAST MONTH
Over the past month, 77 listings have expired, compared to 64 last month, and 87 the same time a year ago. Is your home among the ‘expired listings’? Let’s fix that!
NEWLY LISTED HOMES IN THE PAST MONTH
Another indicator of market strength. In the past month, 339 new listings have hit the MLS, which is down from last month and last year..
AVAILABLE HOUSE LISTINGS BETWEEN $250K AND $500K
Currently there are 934 houses listed for sale in this range, a HUGE jump from last month (778), and 15% more than last year same time. It’s still a good time to buy, but for how much longer?
SOLD IN THE PAST 31 DAYS
Over the past month, Winnipeg Real Estate agents have sold 504 homes in this price range, up from the 487 sold in May, and down slightly from the amount sold last year this time.
DAYS OF INVENTORY
The current number of days of inventory in this mid-level price range jumps to 57 days, 9 days slower than last month (and last year). The reason is that the number of listings are outpacing the number of sales.
EXPIRED LISTINGS IN THE PAST MONTH
Over the past month, a total of 128 home listings have expired or have been withdrawn from the market, about the same as last month, and as last year. Whats the root cause of ‘expired listings’…. we know what causes this!
NEWLY LISTED HOMES IN THE PAST MONTH
In the past month, 860 new listings have hit the Winnipeg Real Estate MLS®, up significantly over last month (780), and also up from last year.
Thinking of selling your home? Call me for a market evaluation, and let’s get your home SOLD!
Market Highlights for May 2019
Available Listings between $100K and $250,000
Currently, in mid-May 2019, there are 444 homes in this price range for sale in Winnipeg, an increase from the 363 in April, and also up from the 379 last year this time.
Sold in the Past 30 days
Over the past month, Winnipeg REALTORS® have sold just 187 homes in this range, up from last month, and about the same as last year.
Days of Inventory
Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market. Here, the lower the number, the hotter the market.
The current number of days of inventory in this entry-level price range in now at 71 days, one day faster than last month, but still slower than last year (62).
Expired Listings in the past month
Over the past month, 64 listings have expired, compared to 73 last month, and 64 the same time a year ago. Is your home among the ‘expired listings’? Let’s fix that!
Newly Listed Homes in the past month
Another indicator of market strength. In the past month, 364 new listings have hit the MLS, which is up from last month and last year..
ADD_THIS_TEXT
Available House Listings between $250K and $500K
Currently there are 778 houses listed for sale in this range, more than last month (694), and 10% more than last May.. It’s still a good time to buy, but for how much longer?
Sold in the Past 30 days
Over the past month, Winnipeg Real Estate agents have sold 487 homes in this price range, up significantly from the 357 sold in April, and very close to the amount sold last year this time.
Days of Inventory
The current number of days of inventory in this mid-level price range stands at 48 days, a huge drop from last month, but 5 days slower than last year. The reason is that we have more listings, but also more sales.
Expired Listings in the past month
Over the past month, a total of 127 home listings have expired or have been withdrawn from the market, up from the 115 which expired the previous month. Whats the root cause of ‘expired listings’…. we know what causes this!
Newly Listed Homes in the past month
In the past month, 780 new listings have hit the Winnipeg Real Estate MLS®, up significantly over last month (653), and also up from last year.
Thinking of selling your home? Call me for a market evaluation, and let’s get your home SOLD!
Winnipeg Housing Market Report for April 2019
Market Highlights for April 2019
Available Listings between $100K and $250,000
Currently, in mid-April 2019, there are 363 homes in this price range for sale in Winnipeg, an increase from the 302 in March, and also up from the 310 last year this time.
Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market. Here, the lower the number, the hotter the market.
The current number of days of inventory in this entry-level price range in now at 72 days, a slower pace than last month (67) and slower than last year (also 67).
Expired Listings in the past month
Over the past month, 73 listings have expired, compared to 50 last month, and 55 the same time a year ago. Is your home among the ‘expired listings’? Let’s fix that!
Newly Listed Homes in the past month
Another indicator of market strength. In the past month, 307 new listings have hit the MLS, which is up from last month and last year..
Currently there are 694 houses listed for sale in this range, about 16% more than last month, and 10% more than last January.. It’s still a good time to buy, but for how much longer?
Sold in the Past 31 days
Over the past month, Winnipeg Real Estate agents have sold 357 homes in this price range, up from the 279 sold in March and a little more than last year this time.
Days of Inventory
The current number of days of inventory in this mid-level price range stands at 60 days, same as last month, and very similar to last year. The reason is that we have more listings, but also more sales.
Expired Listings in the past month
Over the past month, a total of 115 home listings have expired or have been withdrawn from the market, up from the 93 which expired the previous month. Whats the root cause of ‘expired listings’…. we know what causes this!
ADD_THIS_TEXT
Newly Listed Homes in the past month
In the past month, 653 new listings have hit the Winnipeg Real Estate MLS®, up significantly (about 40%) over last month, and also up from last year.
Thinking of selling your home? Call me for a market evaluation, and let’s get your home SOLD!
Winnipeg Market Report for February 2019
This months report comes in the form of video (4min). I hope you enjoy!
https://www.youtube.com/watch?v=X2vz7NT1VP0
Bo Kauffmann: This is Bo Kauffmann, Remax performance realty, your residential real estate specialist in Winnipeg looking after buyers and sellers of houses and condos. So it’s mid February, 2019 and I’m going to take a look at the Winnipeg real estate market right now. What I do is I take a look at how many houses and condos are available and how many are being sold in any given one month period and we compare that to last month and there’ll be compared to last year. If you’re watching this on youtube, do me a huge favour and just take a second to hit the subscribe button down below that will, you’ll get notified every time I do one of these updates. I don’t just do market reports. I also give tips for buyers and sellers at anytime. Bo Kauffmann: Let’s start by looking at houses available on the market. These are houses under $250,000 mid February we have 282 available. Bo Kauffmann: Compare that to last month where we had 314 so I should, the inventory has dropped by about 10% so there’s fewer homes available. Still a few more than last year though, but let’s take a look at sales. Over the past month we’ve sold 120 the previous month we sold 64 so sales have doubled and inventory has dropped. Now it’s really good time to list your house, especially if it’s an in the under $250,000 mark houses between a quarter and a half a million dollars when a pay right now has 526 available compared to five 52 the previous month. So again, a drop in inventory about 5% and sales this month we sold 191 of those previous month, 121 50% increase in sales, but a slight drop in inventory. Also a good time to list right now luxury homes over a half a million dollars. We’ve got 261 available, which is up actually from last month. Last month was two 33 but sales have also doubled 28 this month as opposed to 15 last month compared to last year. Bo Kauffmann: Uh, we had, we sold 30 luxury homes last year, 28 this year. So it’s kind of on track. As far as condos go under a quarter million, we have 311 available, which is almost the same as last month. Last month was three Oh seven, but for sales we’ve sold 52 condos under a quarter million as opposed to last month 24 so sales have more than doubled. Inventories have been steady. So the condo market, which is lagging really far behind the housing market, it is a much slower market, but it is starting to pick up condos, quarter million and up we have 262 in Winnipeg. Last month was two 43 so we have roughly 20 more condos, but we’ve doubled the sales as well. We sold 20 this month as opposed to 10 last month. Now what do all these numbers mean I’ll summarize right after this message. So as we can see by those numbers, inventory is down and sales are up almost double over last month. Bo Kauffmann: So what we’re seeing here is the traditional start of the spring market. Buyers are starting to come out and a seller’s leg usually like a little bit behind. So if you’ve got a house to sell in Winnipeg, now is the time to start contacting a real estate agent. Give you an idea of what, what, if anything needs to be done to the house to make it sure worthy and a, I’m available for that. Please give me a call anytime. And just for fun, let’s have a look at the most expensive houses and condos sold in the past 30 days. 1.25 $5 million house was sold and Charles Wood and a $755,000 condo was sold in North Caledonia. So to quickly summarize, we’ve got 1,069 houses available for sale, which is down from last month. And we sold 339 houses, which is roughly a 70% increase over last month for condos. We have 573 which is slightly up from last month, but we sold 72 which is more than double last month. ..
Winnipeg Market Report for January 2019
Market Highlights for January 2019
Available Listings between $100K and $250,000
Currently, in January 2019, there are 300 homes in this price range for sale in Winnipeg, a decrease from the 375 in December, and but still more than the 260 last year this time.
Sold in the Past 31 days
Over the past month, Winnipeg REALTORS® have sold just 64 homes in this range, down from last month, as well as last year.
Days of Inventory
Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market. Here, the lower the number, the hotter the Winnipeg housing market.
The current number of days of inventory in this entry-level price range in now at 145 days, a slower pace than last month (96) and slower than last year (110).
Expired Listings in the past month
Over the past month, 129 listings have expired, compared to 98 last month, and 97 the same time a year ago.
Newly Listed Homes in the past month
Another indicator of market strength. In the past month, 143 new listings have hit the MLS, which is down from last month and last year..
Currently there are 552 houses listed for sale in this range, about 18% less than last month, and significantly more than last January.. It’s still a good time to buy, but for how much longer?
Sold in the Past 31 days
Over the past month, Winnipeg Real Estate agents have sold 121 homes in this price range, down from the 196 sold in December 2018 and actually more than last year this time.
Days of Inventory
The current number of days of inventory in this mid-level price range stands at 141 days, slower than last month, and also down from last year.
Expired Listings in the past month
Over the past month, a total of 211 home listings have expired or have been withdrawn from the market, up from the 173 which expired the previous month. Whats the root cause of ‘expired listings’…. we know what causes this!
ADD_THIS_TEXT
Newly Listed Homes in the past month
In the past month, 270 new listings have hit the Winnipeg Real Estate MLS®, about the same as the previous period, and and quite a bit more than the 205 listed a year ago..
Thinking of selling your home? Call me for a market evaluation, and lets get your home SOLD!
Winnipeg Real Estate Market Report December 2018
This month, instead of a long text post, I’ve placed all the info in this video. Please let me know which version you prefer, text post or video?
https://www.youtube.com/embed/2L8C0np08Wc
Winnipeg Housing Market Report for November 2018
Market Highlights for November 2018
November 2018 Market Highlights for Winnipeg
Available Listings between $100K and $250,000
Currently, in November 2018, there are 416 homes in this price range for sale in Winnipeg, a decrease from the 468 in October, and slightly less than the 430 last year.
Sold in the Past 31 days
Over the past month, Winnipeg REALTORS® have sold 165 homes in this range, not a significant change from last month or last year.
November 2018 Winnipeg Real Estate Entry Level Homes
Days of Inventory
Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market. Here, the lower the number, the hotter the Winnipeg market.
The current number of days of inventory in this entry-level price range in now at 78 days, a little faster than last month, and identical to last year.
Newly Listed Homes in the past month
Another indicator of market strength. In the past month, 250 new listings have hit the MLS, which is down about 17% from last month, and about the same as October 2017.
Over the past month, 125 listings have expired, compared to 132 last month, and 108 the same time in 2017.
ADD_THIS_TEXT
Available House Listings between $250K and $500K
Currently there are 806 houses listed for sale in this range, about 15% less than last month, and significantly more than last year this time. Its still a good time to buy, but for how much longer?
Sold in the Past 31 days
Over the past month, Winnipeg Real Estate agents have sold 276 homes in this price range, down from the 326 sold in October 2018 and in about 10% fewer than in November 2017.
Winnipeg Real Estate Market for mid-range houses in November 2018
Days of Inventory
The current number of days of inventory in this entry-level price range stands at 90 days, a little slower than last month, and quite a bit slower than last year in November.
Newly Listed Homes in the past month
In the past month, 423 new listings have hit the Winnipeg Real Estate MLS®, less than the 567 listed in October, and 672 listed in Sept. 2018, and about the same as the 430 listed in November of last year. It looks like new listings are starting to slow down now.
Expired Listings in the past month
Over the past month, a total of 221 home listings have expired or have been withdrawn from the market, up from the 217 which expired the previous month. Whats the root cause of ‘expired listings’…. we know what causes this!
ADD_THIS_TEXT
We are entering the fall market, and it’s looking like opportunities for home buyers. Available homes are up, competition is down, NOW is the time to buy.
Thinking of selling your home? Call me for a market evaluation, and lets get your home SOLD!
Currently, in October 2018, there are 468 homes in this price range for sale in Winnipeg, a decrease from the 489 in September, and nearly the same as the 471 available last year.
Sold in the Past 31 days
Over the past month, Winnipeg REALTORS® have sold 156 homes in this range, down slightly over last month, and also down from last year.
Days of Inventory
Description: This is the number of days it would take to sell ALL remaining homes at the current rate of sale, IF NO NEW LISTINGS were to come to market. Here, the lower the number, the hotter the housing market.
The current number of days of inventory in this entry-level price range in now at 90 days, a little faster than last month, and slower than last year.
Newly Listed Homes in the past month
Another indicator of market strength. In the past month, 3291 new listings have hit the MLS, which is slightly less than last month, and down from 2017.
Over the past month, 132 listings have expired, more than the 104 of last month and more than the 114 of last year.
ADD_THIS_TEXT
Available House Listings between $250K and $500K
Currently there are 922 houses listed for sale in this range, about 40 less than last month, and significantly more than last year this time. Can you say “buyers market”?
Sold in the Past 31 days
Over the past month, Winnipeg Real Estate agents have sold 326 homes in this price range, down from the 349 sold in September 2018 and in about 10% more than in October 2017.
Days of Inventory
The current number of days of inventory in this entry-level price range stands at 85 days, identical to last month, and quite a bit slower than last year in October.
Newly Listed Homes in the past month
In the past month, 567 new listings have hit the Winnipeg Real Estate MLS®, less than the 672 listed in Sept. 2018, and more than the 507 listed in October of last year. Higher inventory (available homes) spells ‘opportunity’ for buyers.
Expired Listings in the past month
Over the past month, a total of 217 home listings have expired or have been withdrawn from the market, up from the 180 which expired the previous month. Whats the root cause of ‘expired listings’…. we know what causes this!
ADD_THIS_TEXT
We are entering the fall market, and it’s looking like opportunities for home buyers. Available homes are up, competition is down, NOW is the time to buy.
Thinking of selling your home? Call me for a market evaluation, and lets get your home SOLD!
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
Hi there, I have a studio condo in the Exchange District, which I tried to sell about a year ago. Very few people showed any interest in the condo. The photo spread was great, and I was in another province so private access was never an issue. We even lowered the price!! Yet, no takers. Can you tell me if there is a growth in the sale of condos and if prices are increasing, decreasing or staying the same. Thanks! Paul
Hi Paul…. please keep in mind that the ‘condo market’ question is a multi-facet issue. Speaking in general terms, condos have remained fairly level in pricing (not increasing at the same rate as houses). to make matters worse, it has been my personal experience that newly built, or newly updated condos, tend to drop in value shortly after they are purchased. Its a similar situation to buying a new car…..drive it off the lot and what happens?
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Hi there,
I have a studio condo in the Exchange District, which I tried to sell about a year ago. Very few people showed any interest in the condo. The photo spread was great, and I was in another province so private access was never an issue. We even lowered the price!! Yet, no takers.
Can you tell me if there is a growth in the sale of condos and if prices are increasing, decreasing or staying the same.
Thanks!
Paul
Hi Paul…. please keep in mind that the ‘condo market’ question is a multi-facet issue. Speaking in general terms, condos have remained fairly level in pricing (not increasing at the same rate as houses). to make matters worse, it has been my personal experience that newly built, or newly updated condos, tend to drop in value shortly after they are purchased. Its a similar situation to buying a new car…..drive it off the lot and what happens?
This is good news for people living in Winnipeg. Everything is described in detailed plus a monthly update. Great job.
Very informative real state updates to those who are looking for a house there in Winnipeg. It is good that there is a monthly update for prices.
I am not sure what is this all about. Is this only about the property, or some ways we can make some extra cash or something? Let me know please.
This is a rather comprehensive and smart listing. Love how specific it is written, well done and way to go!
There is a monthly report on this real estate? Incredible, I am very impressed at your commitment sir. Keep up the good work!
A very well written report. Hard to get reports such at this in other websites. More people should be made aware of your site.
I have always had some trouble following and understanding real estate updates. With this, I understand it much more now, thank you!
Thanks for the awesome update on this. I am not very sure if this applies to my country too, but still it is a great write!
Informative and helpful article about the state of real estate in Winnipeg. Glad to be updated about the world of real estates.