Winnipeg Real Estate Market Report March 2016
As they do each month, Winnipeg REALTORS® released their market update for March 2016. Some interesting results showing increased sales activity.
Winnipeg Real Estate Report
Looking back at March 2016, the start of the spring market. The first quarter is off to a great start, 8% increase for the quarter as compared to last year
March itself is up 5% over March 2015
Listings are down, sales are up, making is a very balanced market. Looking to sell, right now is the best time to list.
Separating residential homes and condos, we see a different. For example, it would take just 3 months to sell all the available houses, while it would take 5 months to sell the condos.
However, condo sales are rebounding when compared to last year. 15% increase in sales when compared to the first quarter of last year. Looking at March alone, we are up 25% for this month, when compared to 2015. Great deals in the condo market.
Homes over 300,000 are up 19% when compared to last year.
Year to day average sale price is now $300,844, which is a 6% increase over last year
Most active price range is $250-$300k, and the price ranges on either side were next most active.
Average days on market is 31 days for houses.
Most active condo price range was bet. $150K and $200K, second was $200K to $250K
It took 46 days to sell the average condo.
Looking to SELL? Call me for a free market evaluation. Looking to BUY: Lets start with a FREE 1-hour home or condo buyer consultation.