MLS listings and sales down, but home prices up in Margaret Park

Year-end MLS listings were down in 2017 for the Winnipeg neighbourhoods of MLS areas Margaret Park, Scotia Heights, West Kildonan, Riverbend, River Dale, River Grove, Amber Trails, Garden City, Old Kildonan, and Parkway Village. Home sales were down in 2017 compared to 2016. The average selling price of homes went up approxiametely 1% with the average being $315,071 compared to $312,948 in 2016. On average a residence took approximately 6 days less to sell compared to the average of 29.5 days in 2016.

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There were 694 active listings in Winnipeg MLS areas 4D,E,F and G at the end of December 2017 as compared to 734 at the end 2016, and 503 homes sold in 2017 as compared to 510 in 2016. The sales-to-listing ratio increased from 70.25 percent in 2016 to 74.5 percent in 2017.

The average home sale price increased slightly from $312,948 in 2016 to $315,071 in 2017 and it took less time to sell a home, with average days on the market dropping from 29.5 in 2016 to 23.5 in 2017.

The highest price paid in 2017 for a home in the neighbourhoods of Margaret Park, Scotia Heights, West Kildonan, Riverbend, River Dale, River Grove, Amber Trails, Garden City, Old Kildonan, and Parkway Village was $$650,000 for a home on McBeth Grove. The lowest sale price belonged to a home on Kilbride Avenue, which closed at $90,000.

Total active listings Year End December 2017: 694

Total active listings Year End December 2016: 734

Total homes sold for the year of 2017: 503

Total homes sold for the year of 2016: 510

Sales to listing ratio 2017: 74.5%

Sales to listing ratio 2016: 70.25%

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 West Margaret Park, Scotia Heights, Riverbend, Riverdale, River Grove, Amber Trails, Garden City, Foxwarren Estates, North Meadows, Seven Oaks Crossings, Tyndall Park, Garden Grove, Meadows West, Meadowview, North Meadows and Tyndall Narrows. 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 2017: 23.75

Average days to sell a home 2016: 29.5

Average sale price year end 2017: $315,071

Average sales price year end 2016: $312,948

Lowest sales price for the year 2017: $90,000 Kilbride Avenue

Highest sales price for the year 2017: $650,000 McBeth Grove

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