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