Home prices and sales up in East Kildonan, Elmwood and Glenelm for 2016

Total home sales and average home prices were up in the Winnipeg neighbourhoods of East Kildonan, Elmwood, East Elmwood, Morse Place, Elmwood Park, Fraser’s Grove and Glenelm in 2016, while year end listings and days required to sell a home were both down.

There were 563 homes sold in Winnipeg MLS areas 3A, 3B, 3C and 3D in 2016 compared to 550 home sales in 2015. The average home sale price in these neighbourhoods rose from
$215,352 in 2015 to $223,420 in 2016.

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Total active listings at the end of 2016 in East Kildonan, Elmwood, East Elmwood, Morse Place, Elmwood Park, Fraser’s Grove and Glenelm were 737, down from 792 at the end of 2015. The average days required to sell a home also dropped slightly, from 23 in 2015 to 22.75 in 2016.

The highest priced paid in 2016 in MLS areas 3A, 3B, 3C and 3D was $550,000 for a home on Kidlonan Drive. The lowest price paid was for a home on Jamison Avenue that closed at $70,000.

Total Active listings Year End December 2016: 737
Total Active Listings Year End December 2015: 792

Total Homes sold for the year of 2016: 563
Total Homes sold for the year of 2015: 550

Sales to Listing Ratio 2016: 78%
Sales to Listing Ratio 2015: 70.5%

It pays to know the average price of homes for sale in your neighbourhood, as well as that of homes that have sold, including both over-list and under-list sales. We track all Winnipeg neighbourhoods daily, which allow us to more accurately set list prices on the homes we sell, while also making intelligent offers. If you would like a Free Home Value Appraisal in East Kildonan, Elmwood, East Elmwood, Morse Place, Elmwood Park, Fraser’s Grove, Glenelm or any other Winnipeg neighbourhood, please Contact Us or Call (204) 792-6453. We track the market closely and so can you with Winnipeg Market Tracker.

Average days to sell a home 2016: 22.75
Average days to sell a home 2015: 23

Average sale price year end2016: $223,420
Average sale price year end 2015: $215,352

Lowest sale price for the year 2016: $70,000 Jamison Avenue
Highest sale price for the year 2016: $550,000 Kildonan Drive

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