Michael Leclerc May 2016 MarketWatch
St. Vital Sales Showed Continued Strength
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Strong Sales Momentum Continued
St. Vital, River Park South, and Royalwoods April MLS sales were up an incredible 25% despite inventory being down 32% from April of 2015. The average selling price of a home was up 7% over last April’s sales. On average a residence took 2 days more to sell in comparison to the same month last year.
Active listings, April 2016: 187
Active listings, April 2015: 279
New listings for the month of April 2016: 106
Homes sold for the month of April 2016: 169
Homes sold for the month of April 2015: 135
Sales to listing ratio, April 2016: 113%
Sales to listing ratio, April, 2015: 77%
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 St. Boniface, Norwood, Norwood Flats, Bright Oaks, Elm Park, Norberry, Normand Park, Pulberry, River Pointe, St. Vital, Meadowood, River Park South, Dakota Crossing, South Glen, Niakwa Park, Windsor Park Southdale, Island Lakes, Royalwood, Sage Creek, Southland Park, and Ramblewood, 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, April 2016: 19
Average days to sell a home, April 2015: 17
Average sales price, April 2016: $370,729
Average sales price, April 2015: $344,203
Lowest sales price for the month: $148,000 Ellsemere Avenue in St. Vital
Highest sales price for the month: $1,100,000 East Oak Drive in Royalwood
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!
This information is courtesy of: The Michael Leclerc Home Selling TeamRoyal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453
APRIL SALES BETTER THAN THE REST
April MLS® Sales Up 8%
WINNIPEG – April MLS® sales showed continued strength and momentum from an excellent first quarter of MLS® sales and dollar volume activity.
April sales surpassed both last April’s total and the April 10-year average by 8%. The 1,373 sales transacted through WinnipegREALTORS®’ MLS® are the highest sales total on record for the month of April.
Year-to-date sales are also up 8% at over 3,800. This current pace is only outflanked by 2012 while year-to-date dollar volume of over $1 billion has risen nearly 10% over the same period in 2015.
Active listing inventory has come off its peak level of over 5,000 in 2015. It now sits at 4,708 in 2016. New listings coming on the market in April were down 10% from the same month last year. The absorption rate for all MLS® listings going into May if you assume there are no new listings entered on MLS® is down to three and one-half months.
Some MLS® areas would have welcomed more listings, as sales were brisk, but from an overall market perspective supply needs to come back more in line with existing demand. Of course, not all areas, nor property types, share the same outcomes month to month, so you need to be talking to a REALTOR® about how your particular needs and preferences fit within the existing market.
Speaking of property types, the stand out in April and one which has been noted this year already is condominium. There has been a strong resurgence of condominium sales in comparison to an underachieving performance in early 2015. Condominium sales increased 34% over April 2015 and are up 21% year-to-date in comparison to the same period last year.
While we will look more closely at the various quadrants of Winnipeg and rural municipalities of the WinnipegREALTORS® market region after six months of residential-detached sales activity it is worth noting for the first time the southwest quadrant had an average residential-detached sales price of over $400,000. Two of their 194 sales were in excess of $1 million. It is indicative of good move up activity as the spring market starts to get in full gear.
The most active price range for residential-detached sales in April was from $250,000 to $299,999 at 21% of total sales. Closely matched in second place were the $300,000 to $349,999 and the $200,000 to $249,999 price ranges at 15 and 14% respectively. The highest sales price was $1,250,000 with the lowest being only $9,500. The average number of days to sell a home in April was 26 days, 2 days quicker than April 2015.
The most active price range for condominiums in April was $150,000 to $199,999 at 34%. The next busiest price range was from $200,000 to $249,999 at 20%. The highest condominium sales price was $770,000. The lowest sales price was $56,000. The average number of days to sell a condo was 41 days, 8 days ahead of the pace set in April 2015.
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!
This information is courtesy of: The Michael Leclerc Home Selling TeamRoyal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453
Michael Leclerc Home Selling Team May Newsletter
Whether you’re serious about making a move or just casually looking around, shopping for a new home can be a little like being a kid in a candy store — except your “candy” may be a new dream home!
While it can be exciting, the process can also be stressful. Once you see something you like, you suddenly have to evaluate the property and make a quick decision.
That’s where I can help. Call me if you have any questions about a property you see available on the market. I’d be glad to provide you with all the information and guidance you need.
Remember, it’s my pleasure to help you, even if you’re not thinking of moving right away. I consider it my job to be of service to all my clients, whether they are currently in the midst of buying or selling a home, or just exploring the market to see what’s available.
Give me a call or email me. I’m here to help.
Does Your Home Still Match Your Lifestyle?
When you purchased your current home, chances are it was a good match
for your lifestyle. It had the space you needed, the features you wanted, and a location that worked for you.
But for most people, lifestyle and needs evolve through the years. Kids get older. Jobs or careers change. People take on new hobbies and other interests.
As a result, the home that was ideal a few years ago may not fit with your current lifestyle.
That doesn’t necessarily mean you need to shop for a new home! However, it may mean that it’s worth taking a look at the market and seeing what’s possible.
Think about the kind of home that would support your lifestyle today. Ask questions like:
- How many bedrooms do we need?
- How easy is it to travel to work each day?
- What special features do we want in our home? (Big backyard? Rec room? Quiet neighbourhood?)
- What do we want nearby? (School? Playground? Walking and biking trails? Shopping? Entertainment? Golf?)
- What else does our home need in order to support our lifestyle?
After asking yourself some of these key questions, ask other family members for their opinions too.
You may, in fact, find that the property you have now is still ideal for your lifestyle.
If, however, your home is no longer a good fit, you have options. You can stay in your current home despite it no longer being ideal, you can make some changes (a renovation, perhaps), or you can see what’s available in the housing market.
If you need help with any of these options, call today.
Drive the Neighbourhood
Finding the right home involves more than just finding the right property. 
The location plays an important role as well. The last thing you want is to be dazzled into buying what looks like a dream home, only to discover later on that the location makes it inconvenient to get to work, school and other activities.
So when you see a property you like, take a drive around the area. Drive to the local school your kids will be attending. Drive to the highway you take to work. Drive to activities you and your family enjoy, such as golf, movies, and swimming.
By spending some time exploring the area by car, you’ll get a feel for what life is going to be like once you live there.
Receive Priority Access To ALL New Listings That Match Your Home Buying Criteria
Putting a Price on Memories
You visit a garage sale on a sunny Saturday morning and find a bicycle that you think would be perfect for your child. You look at the price tag and it’s about twice as much as you would expect to pay. When you question the owner, he says, “That bike has a lot of sentimental value for me. I couldn’t let it go for less.”
Chances are, you’ll pass on the bike. The owner sees the bike and happily remembers teaching his daughter to ride it. What you see is just a bike! You can’t buy someone else’s memories.
This scenario sometimes plays itself out in real estate. A homeowner has fond memories of his home. He may have renovated the den himself and is proud of his work. He may delight in memories of family BBQs on the deck.
That doesn’t mean the house will sell for more than its market value.
So when you put your property on the market, make sure emotions don’t get in the way of pricing it properly.
Fortunately, memories will stay with you, even without your house. You’ll be able to happily take them along to your next home.
Knowing what your home is worth is important information to have if you are thinking of selling your home. FREE Quick Over-The-Net Home Evaluation
notable, quotable… quotes!
“Do your own thinking. Be the chess player. Not the chess piece.”
Ralph Charell
“Never mistake knowledge for wisdom. One helps you make a living; the other helps you make a life.”
Sandara Carey
“Nothing in life is to be feared. It is only to be understood.”
Marie Curie
This information is courtesy of: The Michael Leclerc Home Selling TeamRoyal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453
St. Vital MLS Sales Increased 21%
St. Vital and South East Winnipeg See Increased Sales
St. Vital March MLS unit sales were up 21.5% while the average selling price was up 5.8% in comparison to the same month last year. The MLS inventory was down with 5.7% less to choose from at this time than last year.
Active listings, March 2016: 197
Active listings, March 2015: 209
New listings for the month of March 2016: 91
Homes sold for the month of March 2016: 124
Homes sold for the month of March 2015: 102
Sales to listing ratio, March 2016: 89%
Sales to listing ratio, March, 2015: 64%
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 St. Boniface, Norwood, Bright Oaks, Norberry, Pulberry, River Pointe South, St. Vital, Van Hull Estates, St. Vital, Meadowood, River Park South, Dakota Crossing, South Glen, Niakwa Park, Windsor Park, Island Lakes, Royalwood, and Sage Creek, 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, March 2016: 23
Average days to sell a home, March 2015: 20
Average sales price, March 2016: $358,759
Average sales price, March 2015: $339,011
Lowest sales price for the month: $92,000, Essex Avenue
Highest sales price for the month: $756,500, 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!
This information is courtesy of: The Michael Leclerc Home Selling TeamRoyal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453