Listings and home prices down, sales up in Royalwood, Island Lakes

MLS listings and home prices went down in the month of February 2018 for the Winnipeg neighbourhoods of MLS areas Niakwa Park, Windsor Park, Niakwa Place, Southdale, Island Lakes, Royalwood, Ramblewood, Southland Park, Sage Creek, and Waterside Estates.

The average selling price of homes went down approximately 0.98% with the average being $391,010 compared to $395,010 in February 2017. On average a residence took approximately 2 days more to sell compared to the average of 15.25 days in February 2017.

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There were 72 active listings in Winnipeg MLS areas 2G, 2H, 2J and 2K at the end of February 2018 as compared to 82 at the end of February 2017, and 35 homes sold in February 2018 as compared to 29 in 2017. The sales-to-listing ratio increased from 43.25 percent in February 2017 to 78.5 percent in February 2018.

The highest price paid in 2018 for a home in the neighbourhoods of Niakwa Park, Windsor Park, Niakwa Place, Southdale, Island Lakes, Royalwood, Ramblewood, Southland Park, Sage Creek, and Waterside Estates was $737,000 for a home on Westwater Drive. The lowest sale price belonged to a home on Cherry Crescent, which closed at $310,000.

Total active listings February 2018: 72

Total active listings February 2017: 82

Total homes sold February 2018: 35

Total homes sold February 2017: 29

Sales to listing ratio February 2018: 78.5%

Sales to listing ratio February 2017: 43.75%

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 Niakwa Park, Windsor Park, Niakwa Place, Southdale, Island Lakes, Royalwood, Ramblewood, Southland Park, Sage Creek, Waterside Estates.  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: 17.75

Average days to sell a home February 2017: 15.25

Average sale price February 2018: $391,151

Average sale price February 2017: $395,010

Lowest sales price February 2018: $310,000 Cherry Crescent

Highest sales price February 2018: $737,000 Westwater 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!