Episode 27

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Published on:

12th May 2020

Real Estate Market Quickie report for May 2020

Recent sales stories point to the fact that right now, the spring market is starting.

For more real estate info, check my blog at https://blog.winnipeghomefinder.com

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Looking after and reporting on historic stats is easy…..  extrapolating information from those stats, and predicting the future is harder. Unless

A few very loud and obvious facts jump out, making it easier to interpret.

For example:

2 weeks ago I listed a bungaow in the west st james area for $250,000.

It ended up with 45 showings and 15 offers, and sold for $30grand over asking.

But one example does not make a trend

 

So this past week, I listed another bungalow, this one in north kildonan, for $260K.

46 showings, 10 offers and sold for 23K above asking.

So 91 showings, and 25 offers on these two listings.

 

Seeing a trend? Two different parts of the city, but both homes are smack in the middle of Winnipeg’s most popular price range category….

Why is this happening?

Well, lets look at available listings.

Last year, this time, we had 1635 homes for sale in Winnipeg.

Today, that number is 1273.  That is 22% fewer listings than the same time last year.

So if you’re thinking of selling your Winnipeg home, NOW is the perfect time. Listings are down, but buyer activity  (91 showings, 25 offers on two homes) is up.


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About the Podcast

Bo Knows Real Estate
Tips for Buyers, Sellers & Owners of Houses and Condos
Residential Real Estate Specialist Bo Kauffmann of REMAX Performance Realty shares tips, advice and insight for house and condo buyers, sellers and owners.

Bo shares his experience gained thru 15 yrs of award-winning service in the residential real estate field. These are great tips for anyone looking to buy or sell a house or a condo, or grow their real estate portfolio thru rental properties.

Tips also include home renovation, remodelling and maintenance advice.

For specific Winnipeg-related real estate updates, check Winnipeg's Real Estate Podcast on I-tunes, Google Play and lots of other places.

Bo

About your host

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Bo Kauffmann

Residential Real Estate agent, helping buyers and sellers of houses and condos.

Blogger since 2008, Podcaster since ` 2012.