Michael Leclerc May 2016 MarketWatch
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
Unchanged Home Sales in Southwest Winnipeg
Unchanged Sales Despite Less Inventory
Crescentwood, Fort Garry and Linden Woods April MLS sales were down 1.1%, the average selling price of homes was likewise down 5.5% in comparison to the same month last year. The MLS inventory was down with 29.5% fewer to choose from at this time than last year. On average a residence took 1 day less to sell in comparison to 20 days April 2015.
Active listings, April 2016: 304
Active listings, April 2015: 431
New listings for the month of April 2016: 150
Homes sold for the month of April 2016: 195
Homes sold for the month of April 2015: 197
Sales to listing ratio, April 2016: 94%
Sales to listing ratio, April, 2015: 66%
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 Fort Rouge, Riverview, Lord Roberts, Crescentwood, Osborne Village , Armstrong’s Point, River Heights, Tuxedo, Assiniboine Woods, Charleswood, River West Park, Westdale, Fort Garry, wildwood, Fort Richmond, University Heights, Waverley Heights, Linden Ridge, Linden Woods, Fort Whyte, Grandmont Park, Richmond Lakes, St Norbert, Fairfield Park, Waverley West, Bridgewater Forest, South Pointe, Breezy Bend, Headingley South, Marston Meadows and Assiniboine Landing, 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: 20
Average sales price, April 2016: $381,027
Average sales price, April 2015: $403,142
Lowest sales price for the month: $139,900, North Drive in East Fort Garry
Highest sales price for the month: $1,250,000, Wellington Crescent in Crescentwood
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
Sales Off To A Good Start in 2016
First Quarter MLS® Sales Up 8%
WINNIPEG – WinnipegREALTORS® MLS® market got off to a good start in 2016 with the first three months showing an 8% increase in sales over the same period a year ago. Helping make this result possible was a stellar March 2016 performance in which sales went up 5% over last March. There were 1,058 sales in March and 2,445 in the first quarter.
Owing to a new listings drop of nearly 9% in combination with strong sales, the active inventory at the end of March experienced a slight decrease from 2015. This is the exact opposite of what has been happening the last few years as the number of active listings has been spiking upward significantly. The overall MLS® market as a result is in balanced market conditions with 4 months of inventory.
When you breakdown the two main property types of residential-detached and condominiums a clear difference emerges. Based on March sales activity, the 2,259 residential-detached listings existing at the end of March would last 3 months if no other listings were to come onto the market while the 813 condo listings would be closer to 5 months.
Another good example of markets performing differently within the region it encompasses is with regard to residential-detached property inventory. After three months of sales activity the results show neighbourhoods such as St. Boniface, Norwood, River Heights, East Fort Garry and Richmond West have either sold out or nearly sold all of the listings which have come onto the market this year. Close behind with some very high conversions of listings to sales are Crestview, Fort Rouge, Richmond West, Fort Richmond and Linden Woods.
With the entire market region averaging 51% of residential-detached listings being sold by the end of March the rest tend to be all over the map. This means many neighbourhoods still have a higher percentage of conversions of listings to sales but lots of them including rural municipalities fall under the market region average.
There are two market developments worth noting as we head into the busiest quarter of our real estate market.
Condominium sales have rebounded from a poor first quarter last year. The 328 sales recorded so far are up 15% over the same period in 2015 and 8% over the 10-year average. March condo sales of 167 increased 25% over March 2015 and 20% over the 10-year monthly average.
The other one is the 19% increase in residential-detached sales over $300,000 this first quarter compared to the same period in 2015. As a result, the year-to-date average residential-detached sales price is $300,844, a 6% increase in comparison to first quarter 2015.
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 Cresentwood, River Heights, Tuxedo, Assinboine Woods, Charleswood, Fort Garry, Linden Ridge, St. Norbert, St. Vital , East Kildonan, West Kildonan, Foxwarren Estates, as well as all other areas of Winnipeg, please Contact Us or Call (204) 792-6453.
The most active price range for residential-detached sales in March was from $250,000 to $299,999 with 22% of total sales. Deadlocked in second place at 15% each were the $200,000 to $249,999 and the $300,000 to $349,999 price ranges. The $400,000 to $449,999 price range equaled the more active $200,000 to $249,999 price range for having the lowest number of days to sell on the market at only 21 days or 3 weeks. The average number of days on market to sell a home in March was 31 days, 3 days slower than March 2015.
The most active price range for condominiums in March was from $150,000 to $199,999 at 34%. Second most active was from $200,000 to $249,999 at 20%. Another 14% sold from $100,000 to $149,999. The average days on market to sell a condominium in March was 46 days, 1 day slower than March 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!
Royal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453
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