Buyer’s market in Valley Gardens, North Kildonan, River East, Algonquin Park, All Seasons Estates

November 2016 was a buyer’s market in Winnipeg MLS Areas 3E, 3F, 3G, 3H and 3J, which covers the neighbourhoods of Valley Gardens, North Kildonan, River East, Algonquin Park, All Seasons Estates, Eaglemere and Harbourview South. Listings, sales and average home sale prices were all down compared to November 2015.

– New Mortgage Rules –
Learn how to take advantage of them. Click Here!

There were 46 homes listed for sale in the Winnipeg neighbouroods of Valley Gardens, North Kildonan, River East, Algonquin Park, All Seasons Estates, Eaglemere, Harbourview South in November 2016 as compared to 71 in November 2015.

Home sales were down from 25 in November 2015 to 16 in November 2016, and the average home sale price in Winnipeg MLS areas 3E, 3F, 3G, 3H and 3J was also down from $361,930 in November 2015 to $315,739 in November 2016.

The average number of days required to sell a home in the above neighbouroods dropped from 61.6 days in November 2015 to 16.25 in November 2016. Obviously buyers are enjoying the reduced prices.

The lowest price paid for a home in Winnipeg MLS Areas 3E, 3F, 3G, 3H and 3J in November 2016 was $188,000 for a residence on Rudolph Bay. The highest price paid was for a home on Reg Wyatt Way that closed at $438,000.

Active listings November 2016: 46
Active Listings November 2015: 71

Homes sold for the month of November 2016: 16
Homes sold for the month of November 2015: 25

Sales to Listing Ratio 2016: 41.25%
Sales to Listing Ratio 2015: 35.8%

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 Valley Gardens, North Kildonan, River East, Algonquin Park, All Seasons Estates, Eaglemere, Harbourview South 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 November 2016: 16.25
Average days to sell a home November 2015: 61.6

Average sale price November 2016: $315,739
Average sale price November 2015: $361,930

Lowest sale price for the month of November 2016: $188,000 Rudolph Bay
Highest sale price for the month of November 2016: $438,000 Reg Wyatt Way

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!