MLS listings, sales and average home sale prices down in 2017 for St. Boniface and Norwood

MLS listings, sales and average home sale prices were all down in 2017 for the Winnipeg neighbourhoods of St. Boniface, Norwood and Norwood Flats, and the average days required to sell a home was up over 100 percent.

There were 199 active listings at the end of 2017 in Winnipeg MLS areas 2A and 2B compared to 326 year-end listings in 2016 and only 147 homes were sold in 2017 compared to 326 homes sold in these MLS areas in 2016. The average home sale price also dropped from $255,954 in 2016 to $242,147 in 2017.

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The average days required to sell a home in St. Boniface, Norwood and Norwood Flats increased substantially from 20.5 days in 2016 to 41 days in 2017.

The highest price paid for a home in MLS areas 2A and 2B in 2017 was $789,000 for a home on Lyndale Drive, while the lowest price paid was for a home on Theo Nuytten Street that closed at $115,000.

Total Active listings Year End December 2017: 199
Total Active Listings Year End December 2016: 326

Total Homes sold for the year of 2017: 147
Total Homes sold for the year of 2016: 170

Sales to Listing Ratio 2017: 73.5%
Sales to Listing Ratio 2016: 84.5%

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 Norwood, Norwood Flats, St. Boniface 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 2017: 41
Average days to sell a home 2016: 20.5

Average sale price year end 2017: $242,147
Average sale price year end 2016: $255,954

Lowest sale price for the year 2017: $115,000 Theo Nuytten Street
Highest sale price for the year 2017: $789,000 Lyndale Drive

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