CENTURY 21 Bachman & Associates
- 360 Mcmillan Avenue
Winnipeg, MB R3L 0N2
2014/2015 Real Estate Market Overview!
Welcome to the 2015 Real Estate Market!
It has been another interesting year for both Buyers and Sellers. With continued change to the city of Winnipeg; our new Mayor, an abundance of new Condominium builds, the market sway to name just a few……
It is my hope that you find the information provided below, will help gain a better understanding as to the current market trend. Please don’t hesitate to call me with any questions you may have. I will do my best to assist!
The increase of MLS ® Listings has gained notice in 2014. However, the annual MLS ® sales for 2014 were less than 2013 by only 42 sales (under 1%). This is a decent % of sales considering the shift to a more balanced market. Overall Sales remained strong. The most active residential- detached price range in 2014 was $250,000 - $299,999 at 23% of total sales. The $200,000 -$249,900 price range was second busiest at 18%. $300,000-$349,900 price range came in at 13%. The yearend results are very similar to the same % break-outs of 2013.
December saw less than 10% of single family homes sell for above list price while 84% sold below list price.
MLS® sales over the past 10 year “housing- market boom” have been setting records. 2014 saw a surge of new listings which in turn gave buyers a wider selection to choose from and less competition for the same property. We are now entering into a more “balanced market” so pricing is essential!
Condominium Sales finished the year with over 7% higher sales than 2013.
The most active Condominium price range in 2014 was the $150,000 -$199,999 price range at 31% of sales. The second highest price range of $200,000-$249,900 came in at 22%.
To Note: The standard 48 hours “Cool Off” period for a Condominium purchase will change to a 7 day “Cool Off” period. Effective February 2015
Interest Rates 2015:
When Federal Bank of Canada raises rates, consumers with a high level of debt will be the most affected. The U.S Federal Reserve will go first with Bank of Canada to follow. Although not a “sure thing” for it is dependent on U.S economic indicators. TD bank is predicting the Bank of Canada won’t move at the same time as the U.S even though Canadian rates usually track what is happening in the U.S. They expect rates may raise around the third quarter so, by the end of 2015 the overnight rate may be at 1.5%- currently at 1%
The Consensus at the end of 2014 has been documented as a “Good Year”!
2015 is indicating that both Demand and Sales shall remain strong
It is my sincere goal to help you get the best value when buying or selling your home!
Informing you of the current market trend and evaluations and providing you with due diligence, competence, accountability, honesty and integrity.
Together the end result should be SOLD!
For more information on the current real estate market and information on Buying or Selling your home you can call me -Sheila at 204-479-3971
I have been privileged to service my many clients and confident in knowing that I did my very best on their behalf and continue to do so. I am pleased to announce that I am working with some very reputable Banking Institutions, Home Inspectors and Real Estate Lawyers in which I would be glad to refer you to.
It is my goal to help you understand what is involved when you Sell or Purchase your home, it is after all -one of the biggest most important investment you will make.
Please call or e-mail with your inquiries for I would be pleased to assist.
Looking forward to working with you.
When you Buy or Sell your home you have an opportunity to EARN AIRMILES-Some Restrictions do apply
Sheila Liang-Century21 Bachman & Associates 204-- 453-7653
New Home sales
First time home buyers
Sheila Liang works as Realtor for Century21 Bachman & Associates and Philip Liang works for Rancho Realty-The Qualico Group- in New Home Sales . Together finding the perfect balance for you when buying or selling your home.
Together they share an impressive amount of years working in the customer service industry. Philip was working in the Restaurant Industry known as Phillipe's Restaurant and many years with Red Lobster. Sheila worked in the magazine industry best known with What's Up Kid's Magazine .
They now share their experience working to help you buy and sell Real Estate,and look forward to working with you too.
Ask them how buying or selling your home can Make It Count with our Airmiles Reward Program.
Philip & Sheila LIANG & LIANG The perfect balance when buying or selling your home
CENTURY 21® Awards
- 2014 - Masters Silver
- 2013 - Masters Silver
- 2012 - CENTURION® Producer
- 2011 - Masters Diamond
- 2010 - Masters Emerald
- 2009 - Masters Ruby
- 2008 - Masters Ruby
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