Year-end MLS listings and home sales were down in 2017 for the Winnipeg neighbourhoods of Devonshire Village, Kildonan Green, Kildonan Meadows, Lakeside Meadows, Mission Gardens, East, West and South Transcona, Canterbury Park, Crocus Meadows and Starlite Village, but average home sale prices were up.
There were 732 active listings in Winnipeg MLS areas 3K, 3L, 3M and 3N at the end of December 2017 as compared to 814 at the end 2016, and 533 homes sold in 2017 as compared to 546 in 2016. The sales-to-listing ratio also dropped from 70.75 percent in 2016 to 66 percent in 2017.
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The average home sale price increased slightly from $279,303 in 2016 to $283,451 in 2017 and it took less time to sell a home, with average days on the market dropping from 24.5 in 2016 to 19.75 in 2017.
The highest priced paid in 2017 for a home in the neighbourhoods of Devonshire Village, Kildonan Green, Kildonan Meadows, Lakeside Meadows, Mission Gardens, East, West and South Transcona, Canterbury Park, Crocus Meadows and Starlite Village was $537,500 for a home on Stan Scriber Crescent. The lowest sale price belonged to a home on Melrose Avenue, which closed at $116,000.
Total Active listings Year End December 2017: 732
Total Active Listings Year End December 2016: 814
Total Homes sold for the year of 2017: 533
Total Homes sold for the year of 2016: 546
Sales to Listing Ratio 2017: 66%
Sales to Listing Ratio 2016: 70.75%
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 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 Devonshire Village, Crocus Meadows, Transcona, Kildonan Meadows, Kildonan Green, Lakeside Meadows, Mission Gardens, Canterbury Park 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 2017: 19.75
Average days to sell a home 2016: 24.5
Average sale price year end 2017: $283,451
Average sale price year end 2016: $279,303
Lowest sale price for the year 2017: $116,000 Melrose Avenue
Highest sale price for the year 2017: $537,500 Stan Schriber Crescent
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