MLS listings and sales down, home prices up in Tuxedo, Crescentwood

MLS listings and sales went down in the month of January 2017 for the Winnipeg neighbourhoods of MLS areas Armstrong’s Point, Crescentwood, River Heights North, Middle and South, and Tuxedo.

The average selling price of homes went up approximately 51% with the average being $770,370 compared to $508,420 in January 2016. On average a residence took approximately 23 days less to sell compared to the average of 45 days in January 2016.

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There were 22 active listings in Winnipeg MLS areas 1C, 1D and 1E at the end of January 2017 as compared to 34 at the end of January 2016, and 10 homes sold in January 2017 as compared to 12 in 2016. The sales-to-listing ratio increased from 39.33 percent in January 2016 to 45.33 percent in January 2017.

The highest price paid in 2017 for a home in the neighbourhoods of Armstrong’s Point, Crescentwood, River Heights North, Middle and South, and Tuxedo was $2,460,000 for a home on Handsart Boulevard. The lowest sale price belonged to a home on Beaverbrook, which closed at $199,900.

Total active listings January 2017: 22

Total active listings January 2016: 34

Total homes sold January 2017: 10

Total homes sold January 2016: 12

Sales to listing ratio January 2017: 45.33%

Sales to listing ratio January 2016: 39.33%

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 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 Armstrong’s Point, Crescentwood, River Heights North, Middle and South, and Tuxedo.  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 January 2017: 22

Average days to sell a home January 2016: 45

Average sale price January 2017: $770,370

Average sale price January 2016: $508,420

Lowest sales price January 2017: $199,900 Beaverbrook Street

Highest sales price for the year 2017: $2,460,000 Handsart Boulevard

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