2018 Listings & sales down, sale prices up in River Park South, Meadowood

Real estate changes were decently different from 2017 to 2018 in the Winnipeg neighbourhoods of Meadowood, River Park South, St. Vital, South Glen, Niakwa Park and Southdale with total homes sold and number of listings down down and average home sale price up.

Total active MLS listings at year end were down from 717 in 2017 to 657 in 2018 in Winnipeg MLS areas 2E, 2F, 2G and 2H and total home sales were down from 604 to 507. The sales-to-listing ratio went down a bit, moving from 84.25 percent in 2017 to 76 percent in 2018.

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The average home sale price in Meadowood, River Park South, St. Vital, South Glen, Niakwa Park and Southdale was up slightly in from $345,000 in 2017 to $347,151 in 2018.

The highest priced home sold in these neighbourhoods in 2018 was located on Shamrock Drive and closed at $876,289. The lowest price paid for a home in these neighbourhoods in 2018 was $180,000 for a home on Paddington Road.

Total active listings year end December 2018: 657
Total active listings year end December 2017: 717

Total homes sold for the year of 2018: 507
Total homes sold for the year of 2017: 604

Sales to listing ratio 2018: 76%
Sales to listing ratio 2017: 84.25%

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 St. Vital, Bright Oaks, Elm Park, Norberry, Pulberry, River Pointe, Van Hull Estates, Meadowood, River Park South, Dakota Crossing, Southglen 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 2018: 20.75
Average days to sell a home 2017: 20

Average sale price year end 2018: $347,151
Average sale price year end 2017: $345,500

Lowest sale price for the year 2018: $180,000 Paddington Road
Highest sale price for the year 2017: $876,289 Shamrock Drive

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!