The Winnipeg market in 2014 saw a shift to a much more balanced market if not edging into a buyers’ market at times given the significant increase in active listings for sale every month.
The residential-detached property type dominated overall MLS® market share representing 73% of total sales. Condominiums finished 2014 with a 14% market share.
The most active residential-detached price range in 2014 was the $250,000 to $299,999 at 23% of total sales. The $200,000 to $249,999 price range was the second busiest at 18%. The price ranges immediately below and above these two ranges were both at 13%. The highest residential-detached sale price was $2 million. Average days on market for residential-detached sales was 30 days, two days slower than 2013.
The most active condominium price range in 2014 was the $150,000 to $199,999 price range at 31%. Second busiest was the next higher price range of $200,000 to $249,999 at 22%. The highest condominium sale price was $1,750,000. Average days on market for condominium sales was 40 days, 5 days off the pace set in 2013.
Condominiums reached a new benchmark high of just under 1,800 sales and finished the year over 7% higher than 2013. Residential-detached or single family homes had a 1% increase over 2013 with 9,336 sales.
If you are looking to buy or sell, right now is a great time to do it, give me a call today!
*information gathered from the Winnipeg Realtors press released date January 9th, 2015.