Home sales were down in Armstrong’s Point, Crescentwood, River Heights North, Middle and South and Tuxedo in May 2017 when compared to May 2016 despite active MLS listings being up. Selling prices of homes in these Winnipeg neighbourhoods increased during the same period.
There were 38 homes sold in Winnipeg MLS 1C, 1D and 1E in May 2017 compared to 45 in the same month in 2016. Active listings were up from 81 in May 2016 to 84 in May 2017. The average days required to sell a home was also down from 22 days in May 2016 to 14 days in May 2017.
– Get Out of The Rental Rut –
Stop paying Your Landlords Mortgage – Buy with as little as ZERO Down!
Visit Winnipeg Mortgage today!
The average home sale price in Armstrong’s Point, Crescentwood, River Heights North, Middle and South and Tuxedo in May 2017 was $506,723, which was quite an increase compared to the May 2016 average home sale price in these neighbourhoods of $488,351.
The highest price paid for a home in Winnipeg MLS areas 1C, 1D and 1E in May 2017 was $1,375,000 for a home on Ruskin Row. The lowest price paid for a home in these neighbourhoods was $265,000 for a home on Cambridge Street.
Total Active listings May 2017: 84
Total Active Listings May 2016: 81
Total Homes sold May 2017: 38
Total Homes sold May 2016: 45
Sales to Listing Ratio May 2016: 79.34%
Sales to Listing Ratio May 2015: 56.67%
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 May 2017: 14
Average days to sell a home May 2016: 22
Average sale price May 2017: $506,723
Average sale price May 2016: $488,351
Lowest sale price for May 2017: $265,000 Cambridge Street
Highest sale price for May 2017: $1,375,000 Ruskin Row
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 TeamRoyal LePage Top Producers
Winnipeg MB
Phone: (204) 792-6453