Home prices up in Linden Woods and Charleswood, but sales down

The average home sale price was up in the Winnipeg neighbourhoods of Linden Ridge, Linden Woods, Charleswood, South Charleswood, Fort Whyte and Whyte Ridge in February 2017 as compared to the same month last year, but overall sales were down.

There were 10 homes sold in Winnipeg MLS areas 1M, 1N and 1P in February 2017 as compared to 13 homes sold in February 2016. Listings were up in these areas from 12 in February 2016 to 15 in February 2017 but the average time to required to sell a home was down from 31.5 days in February 2016 to 26 days in February 2017.

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Also on a brighter note, the average home price on homes that sold in Linden Ridge, Linden Woods, Charleswood, South Charleswood, Fort Whyte and Whyte Ridge in February 2017 came in at $555,933, up from the average home price of $489,264 in these neighbourhoods in February 2016.

The highest price paid for a home in Winnipeg MLS areas 1M, 1N and 1P in February 2016 was $1,135,000 for a home on Loudon Road. The lowest price paid was for a home on Hammersmith Road that closed at $374,500.

Total Active Listings Month end February 2017: 15
Total Active Listings Month end February 2016: 12

Total Homes sold Month end February 2017: 10
Total Homes sold Month end February 2016: 13

Sales to Listing Ratio 2016: 85.66%
Sales to Listing Ratio 2015: 130.5%

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 Linden Ridge, Linden Woods, Charleswood, South Charleswood, Fort Whyte, Whyte Ridge 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 February 2017: 26
Average days to sell a home February 2016: 31.5

Average sale price February 2017: $555,933
Average sale price February 2016: $489,264

Lowest sale price for month of February 2017: $374,500 Hammersmith Road
Highest sale price for month of February 2017: $1,135,000 Loudoun 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!