Homes sales and average home prices up in Winnipeg MLS areas 4H, 4J, 4K, 4L

Home sales and average home sale prices were up in 2016 for the Winnipeg neighbourhoods of Foxwarren Estates, Maples, Maple Glen, Mandalay North & West, North Meadows, Seven Oaks Crossing, Tyndall Park, Garden Grove, Meadowview, North Meadows, Castlebury Meadows and Waterford Green, but total active listings at year end were down.

There were 297 homes sales in 2016 in Winnipeg MLS areas 4H, 4J, 4K, 4L, which cover the aforementioned neighbourhoods, as compared to 290 home sales in 2015. The average sale price for a home in these neighbourhoods in 2016 was $306,883 as compared to $301,671 in 2015.

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Year-end listings in 2016 in the neighbourhoods of Foxwarren Estates, Maples, Maple Glen, Mandalay North & West, North Meadows, Seven Oaks Crossing, Tyndall Park, Garden Grove, Meadowview, North Meadows, Castlebury Meadows and Waterford Green came in at 504, 21 less than 2015’s year-end listings total of 525.

It took an average of 28.5 days to sell a home in these neighbourhoods in 2016, while in 2015 it took 31.75 days. Another good sign for sellers!

The highest price for a home in these neighbourhoods in 2016 belonged to a home on Luzon Bay, which closed at $610,150. The lowest price paid was $173,000 for a home on Mandalay Drive.

Total Active listings Year End December 2016: 734
Total Active Listings Year End December 2015: 849

Total Homes sold for the year of 2016: 510
Total Homes sold for the year of 2015: 512

Sales to Listing Ratio 2016: 70.25%
Sales to Listing Ratio 2015: 61.5%

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 Margaret Park, Scotia Heights, West Kildonan, Riverbend, Riverdale, River Grove, Amber Trails, Garden City, Old Kildonan, Parkway Village 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: 29.5
Average days to sell a home 2015: 30.5

Average sale price year end 2016: $312,948
Average sale price year end 2015: $307,554

Lowest sale price for the year 2016: $104,900 Madeline Street
Highest sale price for the year 2016: $514,955 Angela Everts Drive

Track the Winnipeg Real Estate Market!! Free Automated Email Service allows you to track the MLS market in real time. Follow the values in any neighborhood in Winnipeg. Find out what your neighbor’s house down the street sold for. Follow Winnipeg MLS listings in real time. Visit Winnipeg Market Tracker!