Average home prices and total home sales up for 2016 in Winnipeg MLS areas 1Q, 1R and 1S

Both average home prices and total home sales in Winnipeg MLS areas 1Q, 1R and 1S were up in 2016 compared to 2015.

Winnipeg MLS areas 1Q, 1R and 1S include the neighbourhoods of Grandmont Park, Richmond Lakes, St. Norbert, Bridgwater Center, Bridgwater Forest, Bridgwater Lakes, Bridgwater Trails, Waverley West, Richmond West, South Pointe and Fairfield Park.

The average home price of the 481 homes sold in these neighbourhoods in 2016 was $410,104 as compared to an average home price of $397,982 in 2015, when 414 hoes were sold.

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Total active listings were down at the end of 2016 at 764 as compared to 906 active listings in 2015 in Winnipeg MLS Areas 1Q, 1R and 1S. The average days required to sell a home was also down slightly from 31.66 days in 2015 to 29.33 days in 2016.

The highest home sale price in the neighbourhoods of Grandmont Park, Richmond Lakes, St. Norbert, Bridgwater Center, Bridgwater Forest, Bridgwater Lakes, Bridgwater Trails, Waverley West, Richmond West, South Pointe and Fairfield Park in 2016 was $1,598,327 for a home on Rose Lake Court. The lowest price paid was $225,000 for a home on Berard Way.

Total Active listings Year End December 2016: 764
Total Active Listings Year End December 2015: 906

Total Homes sold for the year of 2016: 481
Total Homes sold for the year of 2015: 414

Sales to Listing Ratio 2016: 72.33%
Sales to Listing Ratio 2015: 56.33%

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 you would like a Free Home Value Appraisal in Grandmont Park, Richmond Lakes, St. Norbert, Bridgwater Center, Bridgwater Forest, Bridgwater Lakes, Bridgwater Trails, Waverley West, Richmond West, South Pointe, Fairfield Park 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 2016: 29.33
Average days to sell a home 2015: 31.66

Average sale price year end 2016: $410,104
Average sale price year end 2015: $397,982

Lowest sale price for the year 2016: $225,000 Berard Way
Highest sale price for the year 2016: $1,598,327 Rose Lake Court

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!