2018 Listings & sale prices up, sales down in Island Lakes, Sage Creek

Real estate changes were decently different from 2017 to 2018 in the Winnipeg neighbourhoods of Bonavista, Island Lakes, Royalwood, Ramblewood, South St. Vital, Sage Creek, and RM of Springfield with total homes sold down and number of listings and average home sale price up.

Total active MLS listings at year end were up from 569 in 2017 to 652 in 2018 in Winnipeg MLS areas 2J, 2K, 2L and 2M and total home sales were down from 352 to 299. The sales-to-listing ratio went up a bit, moving from 58.25 percent in 2017 to 71 percent in 2018.

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The average home sale price in Bonavista, Island Lakes, Royalwood, Ramblewood, South St. Vital, Sage Creek and RM of Springfield was up slightly in from $503,178 in 2017 to $534,032 in 2018.

The highest priced home sold in these neighbourhoods in 2018 was located on St Mary’s Road and closed at $1,900,000. The lowest price paid for a home in these neighbourhoods in 2018 was $270,050 for a home on Forbes Road.

Total active listings year end December 2018: 652
Total active listings year end December 2017: 569

Total homes sold for the year of 2018: 299
Total homes sold for the year of 2017: 352

Sales to listing ratio 2018: 71%
Sales to listing ratio 2017: 58.25%

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 St. Vital, Bright Oaks, Elm Park, Norberry, Pulberry, River Pointe, Van Hull Estates, Meadowood, River Park South, Dakota Crossing, Southglen 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 2018: 32
Average days to sell a home 2017: 33.25

Average sale price year end 2018: $534,032
Average sale price year end 2017: $503,178

Lowest sale price for the year 2018: $270,050 Forbes Road
Highest sale price for the year 2017: $1,900,000 St. Mary’s Road

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!