MLS listings and sales down, home prices up in St Norbert, South Pointe

MLS listings and sales went down in the month of February 2018 for the Winnipeg neighbourhoods of MLS areas Grandmont Park, Richmond Lakes, St. Norbert, Bridgwater Center, Bridgwater Forest, Bridgwater Lakes, Bridgwater Trails, Waverley West, Richmond West, South Pointe and Fairfield Park.

The average selling price of homes went up approximately 3,7% with the average being $482,153 compared to $464,909 in February 2017. On average a residence took 3 days less to sell compared to the average of 27.6 days in February 2017.

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There were 91 active listings in Winnipeg MLS areas 1Q, 1R and 1S at the end of February 2018 as compared to 92 at the end of February 2017, and 18 homes sold in February 2018 as compared to 23 in 2017. The sales-to-listing ratio decreased from 36,6 percent in February 2017 to 17,5 percent in February 2018.

The highest price paid in 2018 for a home in the neighbourhoods of Grandmont Park, Richmond Lakes, St. Norbert, Bridgwater Center, Bridgwater Forest, Bridgwater Lakes, Bridgwater Trails, Waverley West, Richmond West, South Pointe and Fairfield Park was $819,900 for a home on Northern Lights Drive. The lowest sale price belonged to a home on Cherrywood Road, which closed at $375,144.

Total active listings February 2018: 91

Total active listings February 2017: 92

Total homes sold February 2018: 18

Total homes sold February 2017: 23

Sales to listing ratio February 2018: 17,5%

Sales to listing ratio February 2017: 36,6%

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 allows 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 Grandmont Park, Richmond Lakes, St. Norbert, Bridgwater Center, Bridgwater Forest, Bridgwater Lakes, Bridgwater Trails, Waverley West, Richmond West, South Pointe, Fairfield Park.  Please Contact Us or Call (204) 792-6453. We track the market closely and you can too with Winnipeg Market Tracker.

Average days to sell a home February 2018: 24

Average days to sell a home February 2017: 27,6

Average sale price February 2018: $482,153

Average sale price February 2017: $464,909

Lowest sales price February 2018: $375,144 Cherrywood Road

Highest sales price February 2018: $819,900 Northern Lights Drive

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