24/39 homes sell for less than list in Armstrong’s Point, River Heights, River Heights North, Crescentwood, River Heights South and Tuxedo, but over-list sales improve averages

Twenty-four of 39 homes sold in Winnipeg MLS Areas 1C, 1D and 1E brought for less than their asking prices over the last month, but at least the percentage of under-list sales was lower than average and six homes did sell for more than $20,000 above list.

Twenty-one homes sold in MLS Area 1C, which includes the neighbourhoods of Armstrong’s Point, River Heights, River Heights North and Crescentwood. Highlights in the 1C neighbourhoods included a 1,204 square foot 1 3/4-storey home on Brock Street that sold for $20,100 over list when it closed at $420,000 and an 846 square foot bungalow on Lark Street that garnered $17,100 more than asking when it found new owners at $287,000. The average home sale price in 1C was $403,619, with the median sale price coming in at $422,000.

There were also some bright spots in MLS Area 1D, which includes the neighbourhoods of River Heights and River Heights South. The four over-list sales in these neighbourhoods included a 1,365 square foot bungalow on Ash Street that sold for $30,100 over list when it closed at $350,000; a 1,000 square foot bungalow on Niagra Street sold for $25,100 above list when it closed at $305,000; a 1,368 square foot bungalow on Queenston Street brought $22,200 more than asking when it closed at $422,100; and a 1,336 square foot bungalow on Campbell Sreet sold for $24,000 more than its asking price when it changed hands at $323,900. The average sale price in MLS Area 1D was $348,491, with a median sale price of $323,900.

Only one home sold for more than asking in Tuxedo, which is represented by MLS Area 1E. A 1,543 square foot bungalow on Laidlaw Blvd. sold for $25,600 more than asking when it closed at $525,500. There was also one home sale in Tuxedo that broke the million-dollar mark. A 3,231 square foot two-storey home sold for $22,777 under list when it closed at $1,025,000. The average home sale price in Tuxedo came in at $595,771, with a median sale price of $525,500.

Nine condos sold in River Heights, River Heights South and Tuxedo. Six of the nine condos that sold brought less than their asking price and three sold for list price. The average condo sale price in Tuxedo was $338,600 with the median sale price coming in at $284,700. The average condo sale price in River Heights and River Heights South was $167,680, with a median sale price of $170,000.

Homes for sale in Armstrong’s Point, River Heights, River Heights North, Crescentwood, River Heights South and Tuxedo

There are currently 41 homes for sale in Tuxedo, Armstrong’s Point, River Heights, River Heights North, Crescentwood and River Heights South, including four homes that are listed for more than $1 million. The average list price of homes for sale in MLS Area 1C is $363,662, with the median coming in at $329,900. The average list price of homes for sale in MLS Area 1D is $437,318 with a median list price of $384,889. Tuxedo comes in quite a bit higher with an average list price of $897,781 and a median list price of $899,900.

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 Evaluation for your home in Winnipeg MLS Areas 1C, 1Dor 1E, please Contact Us or Call (204) 792-6453. We track the market closely and you can too with Winnipeg Market Tracker.

Winnipeg MLS listings in Armstrong’s Point, River Heights, River Heights North, Crescentwood, River Hieghts South and Tuxedo:

• 176 Campbell Street $309,900
• 368 Lindsay Street $309,900
• 368 Borebank Street $329,900
• 325 Lindsay Street $349,900
• #B 891 Grosvenor Avenue $569,900
• 108 Lindsay Street $239,900
• 405 Lanark Street $299,900
• 179 Campbell Street $279,900
• 117 Yale Avenue $479,900
• 212 Beaverbrook Street $234,900
• 119 Niagara Street $379,000
• 54 East Gate $449,900
• 415 Lindsay Street $319,900
• 184 Waterloo Street $489,700
• 547 Oxford Street $329,900
• 132 Renfrew Street $234,900
• 159 Elm Street $304,900
• 108 Yale Avenue $434,900
• 126 Kingsway $495,000
• 115 Academy Road $419,900
• 276 Centennial Street $374,900
• 615 Beaverbrook Street $299,900
• 1420 Mathers Bay E Bay $539,000
• 650 Beaverbrook Street $339,900
• 729 Montrose Street $439,900
• 788 Borebank Street $319,900
• 633 Niagara Street $449,900
• 1558 Mathers Bay W $895,000
• 610 Lanark Street $319,900
• 890 Beaverbrook Street $349,900
• 878 Elm Street $419,878
• 30 Park Place E $639,000
• 404 Hosmer Boulevard $1,400,000
• 113 Hopwood Drive $619,900
• 401 Kelvin Boulevard $504,900
• 18 Dumbarton Boulevard $1,099,900
• 664 Park Boulevard W $1,040,000
• 1 Dunbar Crescent $1,195,000
• 609 Holland Boulevard $829,900
• 19 Dunbar Crescent $969,900
• 313 Kelvin Boulevard $679,313

Condominiums for sale in Armstrong’s Point, River Heights, River Heights North, Crescentwood, River Heights South and Tuxedo

There are currently 32 condominiums for sale in River Heights, River Heights South, Crescentwood, Armstrong’s Point and Tuxedo. The average condo list price in Winnipeg MLS Area 1C is $308,550, with the median coming in at $234,900. The average condo list price in MLS Area 1D is $191,992, with a median list price of $196,000, and the average list price of the currently available condos in Tuxedo is $254,615, with a median condo list price of $255,950.

Wondering what your home or condo is worth? Visit WinnipegHomeEvaluation.com or WinnipegCondoEvaluation.com for a complimentary market evaluation.