Home Sales Decrease 18.8% from 2014 in South West Winnipeg

October 2015 home sales decreased by 18.8% in South West Winnipeg compared to 2014 despite their being a 5.9 % increase in homes on the market.

Three homes in the area were big winners selling well over list price, two homes on Niagara Street sold for $34,000 and $35,100 over asking price. A home on Brock Street changed hands at $30,600 over list price.

On the other side of things six homes weren’t as fortunate as they closed $25,000 – $39,900 under asking price.

Active listings, October 2015: 410

Active listings, October 2014: 387

New listings for the month of October, 2015: 135

Homes sold for the month of October, 2015: 147

Homes sold for the month of October, 2014: 181

Sales to listing ratio, October 2015: 59%

Sales to listing ratio, October 2014: 65%

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, Crescentwood, Osborne Village, River Heights, Tuxedo, Charleswood, Fort Garry, Fort Richmnd, Wildwood Linden Woods, Linden Ridge  and St. Norbert, 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, October 2015: 25

Average days to sell a home, October 2014: 27

Home sold above asking price, October 2015: 34

Average sales price, October 2015: $357,788

Average sales price, October 2014: $385,479

Lowest sales price for the month: $110,000 Southwood Avenue

Highest sales price for the month:  $1,034,900 Rose Lake Court

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