Home sales and average home sale prices down in Winnipeg MLS areas 3E, 3F, 3G, 3H and 3J

Home sales and average home sale prices were down in 2016 in Winnipeg MLS areas 3E, 3F, 3G, 3H and 3J, which covers the neighbourhoods of East Kildonan, Valley Gardens, North Kildonan, Algonquin Park and Estates, All Seasons Estates, Eaglemere, Kildonan and Oakwood Estates, Sun Valley Park, Bridgewood Estates and Harbour View South.

Total home sales dropped from 414 in 2015 to 391 in 2016 in the above neighbourhoods and the average home sale price dropped from $327,101 to $266,031. The number of days required to sell a home in Winnipeg MLS areas 3E, 3F, 3G, 3H and 3J also fell from 30.6 days in 2015 to 24.6 days in 2016, again signifying a buyer’s market.

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There were 503 active listings at the end of 2016 in the neighbourhoods of East Kildonan, Valley Gardens, North Kildonan, Algonquin Park and Estates, All Seasons Estates, Eaglemere, Kildonan and Oakwood Estates, Sun Valley Park, Bridgewood Estates and Harbour View South, as compared to 609 active listings at the end of 2015.

The highest price paid in these neighbourhoods in 2016 was $900,000 for a home on Henderson Highway, while the lowest sale price belonged to a home on McKay Avenue that closed at $136,700.

Total Active listings Year End December 2016: 503
Total Active Listings Year End December 2015: 609

Total Homes sold for the year of 2016: 391
Total Homes sold for the year of 2015: 414

Sales to Listing Ratio 2016: 76.2%
Sales to Listing Ratio 2015: 66.6%

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, Valley Gardens, North Kildonan, Algonquin Park and Estates, All Seasons Estates, Eaglemere, Kildonan and Oakwood Estates, Sun Valley Park, Bridgewood Estates, Harbour View South 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: 24.6
Average days to sell a home 2015: 30.6

Average sale price year end 2016: $266,031
Average sale price year end 2015: $327,101

Lowest sale price for the year 2016: $136,700 McKay Avenue
Highest sale price for the year 2016: $900,000 Henderson Highway

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