Listings and sale price went up while sales went down in Island Lakes, Winnipeg

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MLS listings and sale price went up, sales went down in the month of November 2022 in the Winnipeg neighbourhood of Island Lakes.

The average selling price of homes went down approximately 9.91% with the average being $620,000 in November 2022 compared to $558,545 in November 2021. On average a residence took 24 days to sell in November 2022 as compared to 13 days in November 2021.

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There were 18 active listings in Winnipeg MLS area 2J Island Lakes at the end of November as compared to 5 at the end of November 2021, and 9 homes sold in November 2022 compared to 14 in November 2021. The sales-to-listing ratio was 50% in November 2022 compared to 280% in November 2021.

The highest price paid in November 2022 for a home in the neighbourhood of Island Lakes was $1,200,000 for a home on Eastoak Drive. The lowest sale price belonged to a home on Tidewater Bay, which closed at $434,000

Total active listings November 2022: 18
Total active listings November 2021: 5

Total homes sold November 2022: 9
Total homes sold November 2021: 14

Sales to listing ratio November 2022: 50%
Sales to listing ratio November 2021: 280%

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 Island lakes.  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 November 2022: 24
Average days to sell a home November 2021: 13

Average sale price November 2022: $620,000
Average sale price November 2021: $558,545

Lowest sales price November 2022: $434,00 Tidewater bay
Highest sales price November 2021: $1,200,00 Eastoak Drive

This information is courtesy of:
Michael Leclerc
Royal LePage Top Producers
Winnipeg MB
Phone (204) 792-6453