Tuxedo MLS Market Takes a Downturn

Home sales and MLS active listings were down in Armstrong’s Point, Crescentwood, River Heights North, Middle and South and Tuxedo in June 2017 when compared to June 2016. Selling prices of homes in these Winnipeg neighbourhoods decreased during the same period.

There were 45 homes sold in Winnipeg MLS 1C, 1D and 1E in June 2017 compared to 57 in the same month in 2016. Active listings were down from 67 in June 2016 to 56 in June 2017. The average days required to sell a home was also down from 24.66 days in June 2016 to 15 days in June 2017.

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The average home sale price in Armstrong’s Point, Crescentwood, River Heights North, Middle and South and Tuxedo in June 2017 was $493,397 which was a decrease compared to the June 2016 average home sale price in these neighbourhoods of $520,944.

The highest price paid for a home in Winnipeg MLS areas 1C, 1D and 1E in June 2017 was $940,000 for a home on West Taylor Boulevard. The lowest price paid for a home in these neighbourhoods was $255,000 for a home on Cambridge Street.

Total Active listings June 2017: 56
Total Active Listings June 2016: 67

Total Homes sold June 2017: 45
Total Homes sold June 2016: 57

Sales to Listing Ratio June 2016: 84.66%
Sales to Listing Ratio June 2015: 89.33%

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 yo u would like a Free Home Value Appraisal in Armstrong’s Point, Crescentwood, River Heights North, Middle and 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 June 2017: 15
Average days to sell a home June 2016: 24.66

Average sale price June 2017: $493,397
Average sale price June 2016: $520,944

Lowest sale price for June 2017: $255,000 Cambridge Street
Highest sale price for June 2017: $940,000 West Taylor Boulevard

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!