A NOVEMBER 2 REMEMBER
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2 Million Dollar House Sale 2nd Highest Ever On MLS®
Winnipeg – While it may be the last quarter of the year with sales activity slowing down in comparison to the spring market, it was not the case for the upper tier of the residential-detached market. Five house sales all went for above $1 million with one commanding $2 million.
It is only the second time in WinnipegREALTORS® history in which a house has sold for $2 million or more. In 2006, another stately mansion home sold for $2,025,000. Despite November MLS® sales being down slightly less than 4% from the best November ever last year, the upper end residential-detached market of $500,000 or more saw an increase of 25% . There was even one condominium sale in November for $650,000.
November 2012 MLS® sales are only second to 2011 and 2007 where sales in the high 800s are virtually identical. Interestingly enough these are the two same years 2012 is competing with for the overall best year on record for total MLS® sales. With an extremely thin marginal lead over 2011 and behind by a little more than 1% in sales generated in 2007, December 2012 will have to take advantage of and count on converting its far greater inventory of active listings than existed in 2007. By doing so, it will also edge out 2011 as well.