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Winnipeg Real Estate News & Market Updates

Phone: (204) 792-6453

Tuxedo MLS Market Takes a Downturn

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Home sales and MLS active listings were down in Armstrong’s Point, Crescentwood, River Heights North, Middle and South and Tuxedo in June 2017 when compared to June 2016. Selling prices of homes in these Winnipeg neighbourhoods decreased during the same period.

There were 45 homes sold in Winnipeg MLS 1C, 1D and 1E in June 2017 compared to 57 in the same month in 2016. Active listings were down from 67 in June 2016 to 56 in June 2017. The average days required to sell a home was also down from 24.66 days in June 2016 to 15 days in June 2017.

 

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The average home sale price in Armstrong’s Point, Crescentwood, River Heights North, Middle and South and Tuxedo in June 2017 was $493,397 which was a decrease compared to the June 2016 average home sale price in these neighbourhoods of $520,944.

The highest price paid for a home in Winnipeg MLS areas 1C, 1D and 1E in June 2017 was $940,000 for a home on West Taylor Boulevard. The lowest price paid for a home in these neighbourhoods was $255,000 for a home on Cambridge Street.

Total Active listings June 2017: 56
Total Active Listings June 2016: 67

Winnipeg Real Estate Information Special Request

Total Homes sold June 2017: 45
Total Homes sold June 2016: 57

Sales to Listing Ratio June 2016: 84.66%
Sales to Listing Ratio June 2015: 89.33%

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 yo u would like a Free Home Value Appraisal in Armstrong’s Point, Crescentwood, River Heights North, Middle and South, Tuxedo 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 June 2017: 15
Average days to sell a home June 2016: 24.66

Average sale price June 2017: $493,397
Average sale price June 2016: $520,944

Lowest sale price for June 2017: $255,000 Cambridge Street
Highest sale price for June 2017: $940,000 West Taylor Boulevard

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 Team
Royal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453

June Ushers in Another Stand Out Month of Sales

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WINNIPEG – An exceptional month of June sales activity puts WinnipegREALTORS® commensurate to last year’s record-setting pace for the first half of the year. 2017 marks only the second time that sales have surpassed 7,000 by the end of June; 2016 being the first instance. For the first time, dollar volume has gone over $2 billion at the half-way mark of the year.

June sales of 1,636 were two sales behind last year’s highest activity on record for the month, while dollar volume of $488 million increased 3% over the same month last year. Year-to-date sales of 7,070 were 14 sales off from last year. Second quarter sales activity was 7 sales down from 2016, the busiest second quarter in WinnipegREALTORS® history.

The number of listings entered on MLS® for the first six months is 13,100, 4% off 2016. Active listings or the current inventory going into July is sitting at just over 4,900, 9% down from the same period in 2016.

Despite June sales being strong, the two leading property types of residential-detached and condominiums experienced decreases in comparison to June 2016. Residential-detached sales declined by 1%, while condos fell 7%. Compensating for these reductions were single-attached and townhouse property types as both experienced double-digit sales increases, with townhouses rising 57%.

Winnipeg Real Estate Information Special Request

While the overall WinnipegREALTORS® MLS® market can be characterized as balanced with active listings well above the 10-year average, there are still neighbourhoods which would benefit from an influx of new residential-detached listings including Fort Garry, Linden Woods, Riverview, Fort Rouge, Fort Richmond, Waverley Heights, Richmond West, Whyte Ridge, St. Vital, Windsor Park, East Kildonan, North Kildonan, Transcona, Garden City, Wolseley, Sargent Park, Woodhaven, and Crestview.

Supply of residential-detached listings is stronger in rural municipalities outside the city. Condominiums throughout the Greater Winnipeg market area are not seeing demand outstrip supply. Other property types such as vacant land and resort properties are also well stocked in relation to those selling every month.

This year, nearly one out of four residential-detached listings sold for above list price while 13% of condominium listings went for above list price.

Looking at average residential-detached prices for the first six months, in comparison to the same period last year, for the six MLS® area zones, shows some overall price appreciation with the southwest eclipsing $400,000 this year. There have been notable increases in a few southwest neighbourhoods, with Tuxedo going from $711,000 in 2016 to $855,000 this year and Westdale reaching $400,000, a $69,000 increase from 2016.

The north zone was the only area to see a modest decline in average sales price compared to last year.

The rural MLS® zone had identical sales to last year at 1,330 and represents the largest share of residential–detached sales at nearly 26%. Southwest is second highest with 970 sales, which equates to 19%.

The percentage of total sales price to dollar value achieved for all listings sold in the first half of 2017 is under 99%, which is up half a percentage point from last year. This metric indicates on average homes are selling for 99% of their list price, marking it close to equilibrium.

While total residential-detached sales for the first six months are down modestly from last year, the main distinguishing difference from 2016 is the increase in sales over $300,000. These have increased 7% and average days to sell a home improved from 30 days to 26 days. Increased sales in the upper price ranges translate directly to a higher average residential-detached selling price of $321,421. This compares to an average selling price of $306,311 in 2016.

With respect to condominiums, both sales and average selling price are up over 2016. Sales have increased 5% while the average selling price has risen from $232,507 to $243,184. Not all condos for sale have experienced price increases as it can vary depending on the specific project, location and other factors inherent in assessing the value of a condominium.


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 Team
Royal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453

Michael Leclerc Home Selling Team July Newsletter

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Welcome to summer! Hopefully there will be plenty of nice weather over the next couple of months so you can enjoy barbecues, picnics, deck parties, and other outdoor activities.

Without a question, it’s the perfect season for socializing. The long sunny days and warm moonlit nights are the perfect setting for sharing interests or discussing ideas with friends and family. You might even find yourself talking about the possibility of buying or selling a home.

If that topic comes up, remember that I’m always available to help with any questions you – or your friends or relatives – may have. Call or email me anytime.

My best wishes to you and your family. Have a great summer!

“Facelifts” that Boost Resale Value

If you plan on putting your home on the market, you obviously want it to look as attractive as possible to potential buyers. Improving the look of your kitchen or bathroom is a great place to start.
You don’t necessarily have to invest in a major – and potentially expensive – renovation. There are many simple, do-it-yourself ways to give your kitchen or bathroom a facelift and make it look (almost) new.

Here are some ideas to consider:

Instead of installing new cabinetry, just replace the cabinet doors and drawer fronts. Those alone will significantly improve the look of the room. In fact, even just replacing the door pulls can make a big difference.

Replacing the sink is also an easy renovation. You can purchase a sparkling new kitchen sink and faucet kit for far less than the benefit they will deliver.

Replacing the countertop in the kitchen is a more complex renovation and, in most cases, will require the help of a contractor. But, a handy person can probably tackle replacing the countertop in a bathroom without too much difficulty.

Want more ideas for making your home more saleable? Need help finding a contractor? Call or email me today.

 

Real Estate and the Price of Apples

Consider this scenario. Say you’re at your local supermarket and notice that apples are on sale for $3.95 each. If you’ve ever purchased apples before, you know that’s a pretty hefty price.
However, you’ve heard about the “national apple market” on the news, so you’re not surprised. After all, they’ve been saying that apple prices will be higher this year.

Now, let’s say you’re driving home and decide to drop by a farmer’s market. One of the stands, run by a local family farm, is selling their apples for just $1.95 each.

Why is that?

The reason is pretty simple. The national apple market doesn’t always reflect what’s happening locally. In fact, the local market may be very different.

So, what does all this have to do with real estate?

Well, the same scenario can play out in real estate. You may hear news about the national market… about bubbles and rebounds and ups and downs. But that doesn’t necessarily mean your local market – the market right here in your neighbourhood – is the same.

So before you make a decision about whether or not to make a move, find out what the local market is doing.

Click here to set up a search and start receiving new Winnipeg MLS® listings or all recent Winnipeg home sales in your MLS®area.

 

Using the Internet to Shop for a New Home

There’s more information on the Internet than in the entire collection of the U.S. Library of Congress. (And that’s the largest library in the world!) So it makes sense to use the Internet as a resource when shopping for a new home.
You can search for the kind of property you’re considering, view pictures of available properties that meet your criteria, and, in some cases, even watch virtual tours of those properties.

The Internet is a useful home shopping tool. It can save you a lot of time. But it can’t replace working with a good REALTOR®, and actually going to see the various properties.

Think of it this way. Would you marry someone you met online but never got to meet in person? Of course you wouldn’t. That would be a recipe for disaster!

The same holds true when shopping for a new home.

The Internet can help you shortlist the properties you would like to see, and perhaps provide a sense of the area. But only by working with a good REALTOR® that is familiar with and understands new home construction can you get the real insights you need into the homes available on the market, and then determine the ones that would potentially be ideal for you.

So when shopping for a new home, don’t hesitate to call or email me today to find out how best to use the Internet. I can direct you to websites and web tools that will help make the home shopping experience much more enjoyable and productive, while at the same time, provide you with the personal attention you need to ultimately purchase the home of your dreams.

 

notable, quotable… quotes!

“Nobody can go back and start a new beginning, but anyone can start today and make a new ending.”
Maria Robinson

“People may forget what you said or what you did, but they will never forget how you made them feel.”
Maya Angelou

“Our attitude toward life determines life’s attitude towards us.”
John N. Mitchell

 

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 River Heights, Tuxedo, Fort Garry, Linden Ridge, St. Norbert, Bridgewater Forest, Headingley, St. Boniface, St. Vital, River Park South, Windsor Park, Southdale, Island Lakes, Royalwood, Sage Creek, East Kildonan, North Kildonan, Eaglemere, Sun Valley, Kildonan Meadows, Transcona, Birds Hill, East St. Paul, West Kildonan, Riverbend, Garden City, Deer Lodge, St. James, Grace Hospital, Optimist Park, West. St. Paul please Contact Us or Call (204) 792-6453.
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 Team
Royal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453

Michael Leclerc Home Selling Team June Newsletter

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June is a busy month in so many ways.  Did you know that based on daylight hours, June has the longest days of the year? It also has the most marriages – and marriage proposals!

But as a homeowner, there are other things that make June particularly eventful. It’s a popular month for landscaping, gardening and, especially, planning renovations. (Let me know if I can help you by recommending a contractor or service provider.)

June is also a popular month to look for a potential new home. Some people are just curious and want to check out what’s available on the market. Other people, of course, are seriously planning to make a move, and could use some advice and help.

If you fall into either of those two camps, or even if you’re somewhere in between, give me a call. I’d be happy to answer your questions and offer my help.

What’s Memorable About Your Home?

Chances are, there is a characteristic of your property that everyone remembers, appreciates, and maybe even envies. It could be a spacious kitchen with an island and upgraded appliances… or a stunning backyard with a wrap-around deck and beautiful landscaping… or rustic hardwood floors that contrast with elegant, high-end ceramics.

Whatever it is about your property that people tend to like and remember, will also appeal to potential buyers. So, when listing your home for sale, make sure to emphasize that characteristic.

When buyers view homes, they tend to remember just one, or sometimes up to two or three features of each property. “Oh, that’s the house with the large rec room and bar.” Or, “That’s the property with the gorgeous landscaping.”

These are characteristics that help sell a property. Make sure you highlight them.

However, sometimes homeowners lose perspective of what is truly appealing about their property. Ask friends to tell you what features in your home make it appealing. You might be surprised by their answers.

As your REALTOR® I can help too. Call me.
I also invite you to order your FREE report today on “27 Valuable Tips That You Should Know to Get Your Home Sold Fast and for Top Dollar” by clicking here.

The Problem With “Stuff”

The late comedian George Carlin used to have a routine called, “A place for my stuff.” He was referring to the idea that, besides being a place to sleep and eat, the purpose of a home is essentially to store all the stuff you accumulate over the years.

That may or may not be true. But, if you’re like most homeowners, you probably have a lot of stuff in your home… stuff in closets, and stuff in the garage.

That’s just what happens!

The problem, however, comes when you try to sell your home. What may seem to you like a comfortable home office filled with supplies, office equipment, books and papers, may look to a buyer like an uncomfortable, small and cluttered space.

That’s the problem with “stuff”. Too much of it, and it gets in the way of buyers seeing and appreciating the great features of your home.

So, when you’re selling your home, what do you do with all that extra stuff?

One solution is to have a garage or yard sale. (If you call it a “moving sale” you’ll attract more buyers.) This is a great way to get rid of the things you don’t need anymore – and, perhaps, make a few dollars!

Another solution is to give some of the items you don’t need anymore to charity. There are many local organizations that can make good use of second hand clothing, furniture, and toys.

Finally, for all of the things you want to hang on to, but are cluttering up your home, consider renting a locker at a self-storage company.

One thing is for certain. The more spacious and comfortable each room of your home appears to potential buyers, the more likely it is that they’ll see the true value of your property and become interested.

Want more tips for selling your home quickly and for the best price? Call me today.
Click here to order your FREE special report entitled “The 9 Step System to Get Your Home Sold Fast and For Top Dollar”.

 

What’s Great About Your Neighbourhood?

When potential buyers view your home, they are just as interested in the surrounding area as they are in the property itself. So, before listing your home on the market, it makes sense to think about your neighbourhood and its key characteristics.

Here’s a good way to do that:

Imagine a relative from out-of-town coming to visit. She may say that she likes your neighbourhood, and wants to know what you enjoy most about living there.

How would you answer?

Would you talk about the friendly neighbours? Would you list the community events? Name all the local shopping? Describe the nice restaurants within walking distance? Or tell her about the local playground?

There are probably many things about your neighbourhood that make it great. What are the top three? Those are probably characteristics of the area that most buyers will want to know.

Your neighbourhood is a key selling feature of your property. I can make sure potential buyers understand its best features.That’s why it’s important to have me by your side, as your REALTOR®. Call today.
Learn more about us by visiting Winnipeg Area Real Estate Information.

 

notable, quotable… quotes!

“One who smiles rather than angers is always stronger.”
Chinese proverb

“Vision without action is a daydream. Action without vision is a nightmare.”
Japanese proverb

“Nothing is inevitable, if we are paying attention.”
Marshall McLuhan

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 River Heights, Tuxedo, Fort Garry, Linden Ridge, St. Norbert, Bridgewater Forest, Headingley, St. Boniface, St. Vital, River Park South, Windsor Park, Southdale, Island Lakes, Royalwood, Sage Creek, East Kildonan, North Kildonan, Eaglemere, Sun Valley, Kildonan Meadows, Transcona, Birds Hill, East St. Paul, West Kildonan, Riverbend, Garden City, Deer Lodge, St. James, Grace Hospital, Optimist Park, West. St. Paul please Contact Us or Call (204) 792-6453.
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 Team
Royal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453

Busy Month of Real Estate Activity!

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Winnipeg – While May is not a make or break month for the year, it has proven to be the busiest month of real estate activity for WinnipegREALTORS® and one the 114 year-old association counts on to contribute measurably  to the year–end total. 2017 did not disappoint.

May 2017 ushered in an all-time record sales and dollar volume month with MLS® sales just shy of 1,700 and dollar volume flirting with the one-half billion or $500 million mark. May sales of 1,696 were up 4% while dollar volume of $499.4 million increased 8% in comparison to the same month last year.

As a result, year-to-date sales in comparison to the same period last year, made up lost ground in April to total 5,434 sales, only 12 sales off last year’s brisk pace, while dollar volume of $1.58 billion gained a few percentage points to end up 4% ahead of 2016 at this time.

Winnipeg Real Estate Information Special Request
After 5 months, condominium sales are leading the way for all property types with an increase of nearly 9% over the same period in 2016. May’s condo transactions of 214 helped make this possible with a 13% jump in activity over May 2016. Year-to-date residential-detached sales on the other hand are down 1%.

Besides condos, May was an excellent month for single-attached and town house sales with increases of 25% and 18% respectively.

Current inventory going into June shows 2,406 residential-detached or single family home listings and 883 condominium listings. This translates to less than 2 months of residential-detached listing supply and 4 months for condos if no new listings were to come on the market.

 

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 Crescentwood, River Heights, Tuxedo, Fort Garry, Fort Richmond, Linden Ridge, Linden Woods, Fort Whyte, Whyte Ridge, St. Norbert, Bridgewater Forest, Assiniboine Landing, Headingley, St. Boniface, Norwood, St. Vital, River Park South, Windsor Park, Southdale, Island lakes, Royalwood, Sage Creek, East Kildonan, Valley Gardens, North Kildonan, Eaglemere, Transcona, Birds HIll, East st. Paul, Pritchard Farm, West Kildonan, Riverbend, River Grove, Garden City, Maples, Polo Park, Deer Lodge, St. James, Silver Heights, Crestview, The Oakes, West St. Paul please Contact Us or Call (204) 792-6453. We track the market closely and you can too with Winnipeg Market Tracker.

Notable MLS® areas with scarce to limited residential-detached listings include Riverview, Fort Rouge, Crescentwood, River Heights, Linden Woods, Charleswood, Whyte Ridge and Richmond West – all neighbourhoods in the southwest quadrant of Winnipeg.  In the southeast quadrant, St. Boniface, St. Vital, River Park South and Windsor Park in particular would welcome a new influx of listings to meet spring market demand.

Based on high turnover of inventory in May, other neighbourhoods in short supply include North and East Kildonan, Transcona, Mandalay West, the West End, Wolseley, St. James, Westwood and Crestview.

Beyond the success of over 1,750 REALTORS® working together to help buyers and sellers achieve more sales than ever before in one month, it is important to understand the economic impact of all these completed transactions.

In 2017, the Canadian Real Estate Association estimates each home sale will generate an estimated $53,300 in spin-off spending and create one job for every three transactions. MLS® home sales and purchases in 2017 will add an estimated $27.6 billion in spin-off consumer spending to the economy and create almost 192,000 jobs.

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 Team
Royal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453