Our Listings - Complete listings from JLT Homes Coming Soon - Homes Coming Onto the Market Homes Coming Soon - Homes Coming Onto the Market Online Home Evaluation - What is your Home worth? Home Buyers/Sellers - Information for Buying or Selling a home
May 2011 Market Statistics
June 8, 2011
Winnipeg March 2013 Real Estate Statistics
April 8, 2013
February 2013 Winnipeg Real Estate Statistics
March 8, 2013
Winnipeg January 2013 Market Statistics
February 8, 2013
November 2012 Winnipeg Real Estate Market Statistics
December 6, 2012
SEPTEMBER NUMBERS DOWN ACROSS THE BOARD
October 5, 2012
August 2012 Winnipeg Real Estate Market Statistics
September 6, 2012
July 2012 Winnipeg Real Estate Market Statistics
August 3, 2012
June 2012 Winnipeg Real Estate Market Statistics
July 9, 2012
May 2012 Winnipeg Real Estate Market Statistics
June 5, 2012
April 2012 Winnipeg Real Estate Market Statistics
May 7, 2012
March 2012 Winnipeg Real Estate Market Statistics
April 9, 2012
February Market Statistics 2012
March 6, 2012
December 2011 Winnipeg Real Estate Statistics
December 31, 2011
November 2011 Winnipeg Real Estate Statistics
December 7, 2011
October Winnipeg Real Estate Market Statistics
November 8, 2011
September 2011 Market Statistics
October 7, 2011
August Market Statistics
September 6, 2011
May 2011 Market Statistics
June 8, 2011
April Market Stats. 2011
May 9, 2011
March Market Statistics
April 8, 2011
WINNIPEG – Not only did May 2011 record the highest dollar volume month ever in WinnipegREALTORS® 108-year history to eclipse the $350 million level, sales and new listings outperformed May 2010 and showed a marked improvement over a disappointing April 2011. The May MLS® market rebound in sales and listings from April is proof flood-related concerns dampened activity. This factor alone held back what normally is a brisker spring start to WinnipegREALTORS®’ busiest months.
Despite improvement in new listings in May, tight supply remains an ongoing issue with two of the most active residential-detached price ranges from $150,000 to $199,999 and $200,000 to $249,999 being down from last year’s amount going into June. In both of these price ranges the inventory would run out in a little over a month if no new listings were added.
While MLS® May sales for all property types were up 5% there was some big divergence in residential-detached versus condominium sales increases with the latter rising 16% and the former up less than 2%. Vacant land residential sales increased an astounding 103% with 67 sales in May. Speaking of land, one 2 acre vacant commercial property near the airport sold for over $1.6 million. There were also three million plus residential-detached property sales in May – two in East St. Paul.
May MLS® unit sales increased 5% (1,463/1,394) while dollar volume rose 7% ($350.0 million/$325.9 million) in comparison to the same month last year. Year-to-date MLS® sales are up 2% (5,144/5,020) while dollar volume has risen 6% ($1.19 billion/$1.12 billion) in comparison to the same period last year. MLS® listings entered on the MLS® this year are identical to last year’s total of 3,385.
“In viewing these May MLS® results as the glass half full given our recovery from last month, nevertheless one major concern still remains the fall off in first-time buyer activity relative to the same month last year,” said Ralph Fyfe, president of WinnipegREALTORS®.
“This pattern or trend has emerged over the last few years as house prices have continued to climb. Here we are again with residential-detached sales under $250,000 down 15% in comparison to May 2010. With housing affordability becoming a bigger issue at the lower end of the market where coming up with the necessary down payment and closing costs is more difficult, it really is time for the province to give serious consideration to offering a first-time home buyer exemption on the land transfer tax. Ontario and B.C. have had one in place for years.”
Looking ahead, a real good piece of news for home buyers is the Bank of Canada’s reluctance to hike the overnight lending rate in the next few months given ongoing concerns with the U.S. and global economies. The expectation now by leading Canadian bank economists is nothing will
happen until September. They do not expect the rates to go up higher than 75 basis points by year end.
For residential-detached sales in May, the most active price range was the $200,000 to $249,999 with 21% of total sales. Next busiest was the $250,000 to $299,999 price range at 19%. The shift and tilt to higher price range brackets is clearly evident in May with 70% of all residential-detached sales occurring at $200,000 and over. Average days on market for residential-detached sales was 22 days, 4 days faster than last month and one day slower than May 2010.
The lion’s share of condominium sales activity in May was from $150,000 to $199,999 with 42% of total sales. Another 21% came from the next lowest price bracket of $100,000 to $149,999. The average days on market was 28 days, six days quicker than last month and one day off the pace set in May 2010.