Home sales and listings down in Fort Garry, Waverly Heights, but prices up

Sales and listings were down in the Winnipeg neighbourhoods of Fort Garry, East Fort Garry, West Fort Garry, Fort Richmond, Waverley Heights, Wildwood and University Heights for January 2017, but average home sale price was up by a smidgeon.

There were six homes sold in Winnipeg MLS areas 1J, 1JW, 1K and 1L in January 2017 as compared to 10 sold in January 2016, and active listings were down from 20 to 16. On a brighter note, the average home sale price in these areas rose from $348,737 in January 2016 to $349,250 in January 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 days required to sell a home remained high in Winnipeg MLS areas 1J, 1JW, 1K and 1L in January 2017 at 58.25 days, similar to the 56.75 days it took to sell a home in January 2016.

The highest price paid for a home in the neighbourhoods of Fort Garry, East Fort Garry, West Fort Garry, Fort Richmond, Waverley Heights, Wildwood and University Heights in January 2017 was $495,000 for a home on Linare Road. The lowest price paid belonged to a home on Wildwood Park, which closed at $265,000.

Total Active listings for month of January 2017: 16
Total Active Listings for month of January 2016: 20

Total Homes sold for month of January 2017: 6
Total Homes sold for month of January 2016: 10

Sales to Listing Ratio month of January 2017: 30%
Sales to Listing Ratio month of January 2016: 70%

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 you would like a Free Home Value Appraisal in Fort Garry, East Fort Garry, West Fort Garry, Fort Richmond, Waverley Heights, Wildwood, University Heights 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 January 2017: 58.25
Average days to sell a home January 2016: 56.75

Average sale price for month of January 2017: $349,250
Average sale price year for month of January 2016: $348,737

Lowest sale price for the for month of January 2017: $265,000 Wildwood Park
Highest sale price for month of January 2017: $495,000 Linacre Road

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!