Average home sale price up, MLS listings down in River Heights, River Heights South, Tuxedo

The average selling price for homes in Winnipeg MLS areas 1C, 1D and 1E, which includes the neighbourhoods of  River Heights, River Heights South and Tuxedo, was up 11 percent to $502,447 in October 2016, when compared to the average selling price of $449,635 in October 2015. Active listings were down more than 50 percent in October 2016 when compared to the same month in 2015, while the number of homes sold in these areas remained relatively constant with 30 sold in October 2016 as compared to 32 sold in October 2015. On average it took 19 days to sell a home in these neighbourhoods in October 2016 as compared to 20 days in October 2015.

Active listings October 2016: 40
Active Listings October 2015: 82

Homes sold for the month of October 2016: 30
Homes sold for the month of October 2015: 32

Sales to Listing Ratio 2016: 71.33%
Sales to Listing Ratio 2015: 44%

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 River Heights, River Heights South, Tuxedo 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 October 2016: 19
Average days to sell a home October 2015: 20

Average sale price October 2016: $502,447
Average sale price October 2015: $449,635

Lowest sale price for the month of October 2016: $236,000 Queenston Street
Highest sale price for the month of October 2016: $1,375,000 Park Blvd.

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!