Listings and sales up, sale prices down in Norwood

MLS listings and sales went up while sale prices went down in the month of March 2018 for the Winnipeg neighbourhood of MLS area Norwood.

The average selling price of homes went down approximately 11.2% with the average being $272,177 compared to $306,544 in March 2017. On average a residence took 3 days more to sell compared to the average of 19 days in March 2017.

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There were 10 active listings in Winnipeg MLS area 2B at the end of March 2018 as compared to 8 at the end of March 2017, and 10 homes sold in March 2018 as compared to 9 in 2017. The sales-to-listing ratio decreased from 113 percent in March 2017 to 100 percent in March 2018.

The highest price paid in 2018 for a home in the neighbourhood of Norwood was $386,100 for a home on Cedar Place. The lowest sale price belonged to a home on St. Catherine Street, which closed at $155,000.

Total active listings March 2018: 10
Total active listings March 2017: 8

Total homes sold March 2018: 10
Total homes sold March 2017: 9

Sales to listing ratio March 2018: 100%
Sales to listing ratio March 2017: 113%

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 Norwood.  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 2018: 22
Average days to sell a home March 2017: 19

Average sale price March 2018: $272,177
Average sale price March 2017: $306,544

Lowest sales price March 2018: $155,000 St Catherine Street
Highest sales price March 2018: $386,100 St. Joseph Street

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!