A surprise came to all Winnipeggers this year when Mother Nature gave us a mild winter. While we are still in a state of shock over this warm weather we are now realizing that Spring has come to Winnipeg!
More proof of the Spring season is that the Real Estate signs are springing up.Here is how the Winnipeg Real Estate market preformed last month:
March 2010 was head and shoulders above any other March in terms of dollar volume. This was largely in part due to one home selling for $1,500,000 and a monthly increased average sale price just shy of $240,000. The excitement continued with three out of five homes selling at or above list price and the average days on market were 24 days.
For residential-detached sales the most active price ranges were: $200,000 to $249,000 at 21% of the total sales and $150,000 to $199,999 at 19%. The third most active price range was $250,000 to $299,999 at 16%.
With all this activity it seems that more urgency has crept into our market in terms of people wanting to take advantage of more favourable financial conditions before rates start heading up as occurred already on longer fixed term mortgages.
Also, with thanks to this terrific weather people are springing into action with prospective buyers checking out new MLS® listings and doing the spring cleaning necessary to prepare their own home for sale.
Interested in selling or buying Winnipeg Real Estate? Call us. Tracey or Gerry @ 204.987.2100 or 888.880.2121