Tag Archives: winnipeg home value

April resale activity healthy with year-to-date statistics positive across the board

Winnipeg real estate News Logo
 
The real estate market is either very, very good or really, really suspect, depending on which headlines you choose to read.
 
It’s difficult to decide what’s really happening from the sound bites, but the numbers on the resale market for the first four months of the year paint a fairly rosy picture, according to market reports provided by WinnipegREALTORS®.
 
Statistics for the first third of the year are up from comparable numbers last year, and last year recorded the fourth best resale numbers in the past 20 years and the best dollar volume ever through the Multiple Listing Service® (MLS®).
 
“Our numbers continue to support our forecast breakfast predictions,” said WinnipegREALTORS® president David MacKenzie. “In January we predicted that sales would be up from zero to two per cent year-over-year and home prices would increase by the same amount.
 
“And the January through April activity bears that out and then some.”
 
“The April MLS® listing inventory, the number of properties available for sale in Winnipeg, rose almost 36 per cent,” said Geoff McCullough, the executive director of WinnipegREALTORS®. “So buyers had more properties to choose from than last April (5,232), which indicates more balance in the marketplace.”
 
Listings entered into the MLS® system were also up 23 per cent over last April, with the addition of 2,837 properties this year.
 
Sales followed suit. The number of sales processed in the month was up close to four per cent from last April, with 1,273 sales recorded.
 
And dollar volume was up 8.8 per cent at $362.3 million.
 
The April numbers helped maintain positive year-to-date market statistics. There have been 8,336 listings entered on the MLS® system since January 1, which is up 25 per cent from last year.
 
And 3,538 sales have been recorded, which is up four per cent from the same period in 2014.
 
The January through April dollar volume is up 6.5 per cent at $962.4 million.
 
President David MacKenzie said market activity was positive in the first four months of this year.
 
“We often say that real estate is local with national averages and trends meaning very little,” he said. “Our market is our market.
 
“And even within our own market activity is local,” added MacKenzie. “What’s trending in Island Lakes will not necessarily be mirrored in the North End. I know of some MLS® areas where offers are few and far between while in other pockets of the City, multiple offers are still happening.”
 
He went on to say that in April, 22 per cent of residential-detached homes sold for more than list price, 8.5 per cent sold at list, while 69 per cent sold below list.
 
For condominiums, almost 11 per cent sold above list, 18 per cent sold at list and 71 per cent sold below list.
 
The most active price range in April for residential detached homes was between $250,000 and $299,999 with 22 per cent of total sales. It was followed by the $200,000 to $249,999 price range with 16 per cent of all sales.
 
The average number of days for a listing on the market was 27 compared to 26 last April. The highest priced residential-detached sale fetched $1.59 million and the least expensive sale was $8,000.
 
The most active price range for condos in April was between $150,000 and $199,999, representing 25 per cent of all sales.This price range was closely followed by the $200,000 to $249,999 range with 22 per cent of total sales.
 
The average number of days on market for condos was 49 compared to 38 last year. The highest-priced condo in April went for $630,000 and the lowest priced sale was at $244,579.
 
MacKenzie said Winnipeg is the second cheapest place in Canada to buy a home ($281,269 average price), due to plentiful inventory and has a healthy housing market, despite a recent Canada Mortgage and Housing Corporation (CMHC) report that rated the local market as “high risk.”
 
“In Winnipeg, the risk is overvaluation and overbuilding,” according to the CMHC report, which also rated Regina as “high risk.”
 
On other hand, CMHC indicated Vancouver and Toronto, where the average bungalow costs over $1 million, were both judged as “low risk.”
 
Source: Winnipeg Real Estate News

Mortgage Rates for January 6, 2015 — By Peter Paley

                                          

Peter Paley - Your Home and Mortgage Peter Paley

Happy New Year 2015  to everyone. If you are in the market for a new mortgage, needing help on getting the best rate for your needs, Look no forward then to the Peter Paley Mortgage Team.

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

Come visit Realtor Rosalie Drysdale Website each week for my weekly Mortgage Rates.

Whether you are looking to purchase, refinance, or renew, we can help you decide whether a fixed or variable-rate mortgage will work best for your situation. Call today!

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

3.14%

3.10%

1 YEAR

2.99%

2.69%

2 YEARS

2.94%

2.59%

3 YEARS

3.44%

2.69%

4 YEARS

3.94%

2.87%

5 YEARS

4.79%

2.94%

7 YEARS

6.04%

3.79%

10 YEARS

6.50%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.40%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

 

Five Bedroom Home for Sale at 295 Collegiate Street, Wpg

Showing Start on May 15, 2014

295 Collegiate St

Fantastic family home. 5 bedrooms in total. Tons and tons of upgrades. Beautiful new 2 car garage

295 Collegiate St 005 295 Collegiate St 006

New kitchen flooring (2011). New bathroom renovation (2010). New flooring in bdrm (2011).

295 Collegiate St 009 295 Collegiate St 014 295 Collegiate St 016

Bright home which let’s in lots of natural daylight. So much space for family and for entertaining. Location, location. Close to schools, transportation, shopping, playgrounds and parks. Don’t miss

Offers are being Taken on Wednesday May 21 Evening

295 Collegiate St 012

More information and pictures about this home by clicking on this link: 999-rose.ca

Wanting to view this Home, Contact Realtor Rosalie Drysdale at 204.999.7673 or email Rosalie through her Contact Page.

 

Mortgage Rates for February 18, 2014 — By Peter Paley

                                             
Peter Paley - Your Home and Mortgage Peter Paley

Looking at Purchasing that New Home, Needing a Mortgage,

Contact Peter Paley at Invis Mortgage

At Invis, we are always aware of the current environment and resulting implications, so at any time we can recommend a mortgage that gives you an edge and meets your current needs and future goals.

We regularly receive short-term rate promotions that are not posted online, which means our rates change frequently. Please contact us for these unpublished rate specials.

Terms

Posted Rates

Our Rates

6 MONTHS

4.00%

2.49%

1 YEAR

3.09%

2.59%

2 YEARS

3.14%

2.69%

3 YEARS

3.95%

2.89%

4 YEARS

4.74%

3.29%

5 YEARS

5.34%

3.19%

7 YEARS

6.35%

3.99%

10 YEARS

6.75%

4.39%

Rates are subject to change without notice. OAC E&OE

Prime Rate

3.00%

5 yr variable

2.40%

Whatever your need is today – first or next home, renewal, refinance, renovation financing, equity take out, business–for-self mortgage, investing in property or a second/vacation home, contact us for a review of your situation, and the advice you need to achieve your homeownership dreams. After all, the right mortgage can build your wealth and save you thousands of dollars

Every single day we’re making homeowner dreams come true. And we’re here to help you.

 

Peter Paley Mortgage Associate Send an EmailVisit Website

Winnipeg Realtors Association December and year-end resale market report:

A slew of new reports

Thursday was a busy day for housing news, with four new reports being released. Here are some of the highlights:

Winnipeg Realtors Association December and year-end resale market report:

  • Last month was the best December on record for dollar volume of sales through the local Multiple Listing Service, and the third-best for unit sales. The dollar volume was also up 17 per cent from a year earlier — $183 million versus $156 million — while unit sales were up three per cent to 633 from 615.
  • 2013’s dollar volume of $3.36 billion was also a new record and a five per cent improvement from the previous record of $3.2 billion set in 2012.
  • Last year was also one of the better years on record for unit sales, even though they were down one per cent from the previous year — 12,924 versus 13,007.
  • The two big stories for the year were a nine per cent increase in MLS listings and a record number of condominium sales. The latter rose by 13 per cent to 1,759 units.
  • The WRA also saw a new record for the most million-dollar-plus sales in a single year, at 31. That included 26 single-detached homes and five condos.
  • The highest-priced residential property to change hands was a nearly 8,000-square-foot home in Charleswood that sold for $2.2 million.
  • The average selling price for the year for a residential detached home was up five per cent to $284,000 from $269,000 in 2012.
  • The average days on the market was 28 days — unchanged from 2012.
  • Canada Mortgage and Housing Corp. December and year-end housing starts report:
  • Total starts in the Winnipeg Census Metropolitan Area (CMA) were up 74 per cent in December (294 units versus 169 in December 2012) and 15.8 per cent for the year (4,705 versus 4,065).
  • The biggest increase was in multi-family starts — up 522 per cent in December to 112 from 18, and up 28.5 per cent for the year (2,487 versus 1,936).
  • Single-family starts were up 18.3 per cent in December — 182 versus 151 — and 4.2 per cent for the year — 2,218 versus 2,129.
  • For Manitoba’s eight largest urban centres combined, total housing starts for 2013 were up 20.1 per cent to 5,894 units from 4,908 in 2012.
  • That included a 31 per cent increase in multi-family starts — 3,151 versus 2,406 — and a 9.6 per cent increase in single-family starts — 2,743 versus 2,502.

Royal LePage’s 2014 House Price Survey report:

  • Results were mixed last year for the three most popular type of Winnipeg homes — detached bungalows, two-storeys and condominiums.
  • Condos enjoyed the biggest increase in the average selling price for the year — up 7.2 per cent to $205,976.
  • Two-storey homes saw the second-biggest gain — up 2.0 per cent to $329,104.
  • Detached bungalows were the only type of home that didn’t see a price increase. The average selling price was essentially unchanged (down 0.1 per cent) to $303,760.

Statistics Canada’s New Housing Price Index report for November, 2012:

  • The cost of a new home in the Winnipeg CMA in November was unchanged from the previous month, and up 3.7 per cent from a year earlier.

Source: Winnipeg Free Press

 

Prosperous New Year 2014 and Ready for that New Home — From Rosalie @ 999-rose.ca

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Wishing Everyone a Prosperous New Year 2014

 
The Winnipeg Real Estate Market
 
The Real Estate market continues to be strong and dynamic here in Winnipeg. Looking at Selling your residential detached home or condominium. Interest rates are still low and the market is still active – each year the market moves forward. People often ask me, “When does the Spring market start?” for which the answer is, pretty much right after Christmas.
 
Needing a Comparative Market Analysis of your Home or Condo, Contact Realtor Rosalie Drysdale by emailing or calling.
 
Wanting to Purchase a home or condo, you have come to the right place. Check out my active listing and if there is something you are looking for in the market, I would be more then happy to do a active search through the MLS Listing.
 
What to know what is happening in Winnipeg, link over to my NEWS PAGE, where we try to keep things up to date. Come back and visit my website as we provide and promote many different types of services to help you with your Selling or Purchasing of your New Home or Condo. ( Website : http://999-rose.ca or http://winnipeghomevalue.com ) .

Your Realtor Rosalie Drysdale

 

rosalie drysdale

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