Kelly Fernandez

Prepare To Be Moved

** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


May Multiple Listing Service® sales decrease 19% 
 
WINNIPEG - Sales of 1,377 decreased 19% in May compared to the same month last year while just over $400 million worth of dollar volume transactions fell 23% compared to May 2019. The 2,428 new listings entered in May were down 21% from last year. There are still 4,621 listings available for sale in June.
 
“May market activity was clearly impacted by COVID-19 at the outset of May with MLS® sales down similar to the 30% drop off in April sales by mid-month,” said Catherine Schellenberg, president of WinnipegREALTORS®. “It is worth noting however that recovery took hold in the second half of the month with sales from May 20-26th actually outpacing the number recorded the same week in May 2019. Listings also saw an improvement over April with the percentage decline cut in half.”
Year-to-date MLS® sales are at 4,884, less than 8% off the pace set in 2019 while dollar volume of $1.44 billion is down close to 10% from the same period last year. 50% or one in two listings have sold this year and that is higher than 2019 when 47% of total MLS® listings sold.
 
With the exception of condominiums where COVID-19 has created a deeper setback in sales, for those sellers and buyers engaged in the market, many performance metrics are in line with May 2019. Residential-detached homes had slightly more above list price sales at 24% than last May and price levels trended higher based on CREA’s MLS® Home Price Index prices. The equivalent of 64% of new listings entered in May sold and this compares favourably to 63% in 2019 and 59% in 2018.
 
“To use a sports analogy, and why not hockey, since our Winnipeg Jets may well be playing again this year, you have less participants in the market due to reasons we all know, yet the ones in the lines you put on the ice are delivering similar results,” said Schellenberg.
 
Speaking of less numbers on what is normally the busiest time of year, residential-detached home listing inventory is thin in a number of Winnipeg MLS® areas. A return to more typical spring market conditions in June with a good injection of new listings coming on the market will be welcome.
 
There are too many neighbourhoods spread throughout the city to mention. The common denominator for most is having more sales in May than listings remaining at month end. Waverley Heights for example had 6 sales in May with only 3 listings available for sale going into June while St. Norbert had 6 sales too with only 2 listings for sale this month.
 
While Winnipeg had the tightest market conditions for residential-detached homes in comparison to the outlying rural MLS® areas, the latter represented nearly 36% of total residential-detached sales.
 
“This month in particular shows the extent of WinnipegREALTORS® market region beyond Winnipeg  with residential-detached sales gaining an increasing market share of total sales,” said Schellenberg. She added, “Vacant lot sales which are experiencing double-digit percentage increases this year are largely rural in make-up with only 3 of the 68 lots sold in May located in Winnipeg.”
 
Residential-detached sales decreased 18% from May 2019 while condominiums saw a decline of 41% compared to the same month last year.
 
35% of residential-detached sales were equally divided between the $250,000 to $299,999 and the $300,000 to $349,999 price ranges with another 13% occurring from $200,000 to $249,999. 5 sales went for over $1 million with the highest selling for $1,525,000. The lowest sale price was $15,000.
 
The most active price range for condominium sales was from $200,000 to $249,999 at 23%. Just slightly behind was the $100,000 to $149,999 price range at 22%. The usually most active price range of $150,000 to $199,999 was third at 18% of total sales. The highest sale price for condos in May was $488,920.
 
“As we are now in the second phase of reopening Manitoba’s economy, REALTORS® will continue to follow and adhere to Manitoba health directives and safe practices to ensure buyers and sellers can transact safely,” said Schellenberg.
 
“All markets are local and can vary within a market as large and diverse as WinnipegREALTORS® market region,” said Marina R. James, CEO of WinnipegREALTORS®. “You need to be talking to your REALTOR® about how your particular real estate needs can be met to your satisfaction.”
 
Since 1903, WinnipegREALTORS® has assisted its Members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 2,000 REALTORS® and other industry-related professions active in Winnipeg and its surrounding areas, WinnipegREALTORS® exists to provide services and resources for Members to ensure a high standard of business practices and ethics. WinnipegREALTORS® is recognized as the voice and our Members as the experts in the real estate market.
 
The MLS® is a co-operative real estate selling system operated and promoted by WinnipegREALTORS® that includes an up to date inventory of listings from participating REALTORS®. 
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


March Multiple Listing Service® Sales Up 8%
 
WINNIPEG - March finished off a strong first quarter of sales activity with 1,089 sales, an 8 % increase over March 2019. First quarter MLS® sales rose 12% over the same period in 2019. 
 
MLS® stands for the Multiple Listing Service®. It is a cooperative real estate selling system operated and promoted by WinnipegREALTORS® that includes an up to date inventory of listings from participating REALTORS®. 
 
 MLS® new listings entered on the market in March fell 2% in comparison to March 2019 but remained up nearly 6% for the first three months. Active listings or available listings at end of March of 4,723 remain above previous years with a 12% jump over the same time last year and the same percentage rise over the 5-year average.
 
“Our first quarter has been consistently solid every month,” said Catherine Schellenberg, president of WinnipegREALTORS®. “Buyers have been taking advantage of affordable prices with a wide choice and healthy supply of listings to choose from. This first quarter is one of the best starts on record for WinnipegREALTORS® but we know unprecedented times are upon us with public health being the highest priority now for Manitobans and Canadians.”

March sales activity exemplifies the vast range of sold prices within WinnipegREALTORS® market region. The highest single family sales price was a newly built 3,335 sq. ft. luxury home in the Waverly West MLS® area of southwest Winnipeg. It sold for $1,146,872. Sharply contrasting this sale is the lowest priced home which sold in Mariapolis in the RM of Lorne in south central Manitoba. This 1 and 3/4 storey 1920 built home sold for $13,000.
 
Speaking of single family home sales which performed exceptionally well in March with sales and a 15% increase over March 2019, the most active price ranges were the $250,000 to $299,999 and $300,000 to $349,999 ones. They represented 35% of total sales. Adding 23% more in sales activity were the $200,000 to $249,999 and $350,000 to $349,999 price ranges.
 
Condominium sales in March were only 6 short of the 139 units sold in March 2019. The most active price range for condominiums at 29% of total sales is from $150,000 to $199,999.Next most active at 20% is the $200,000 to $249,999 price range. The highest priced condo to sell in March was for $750,000.  It is a bungalow style condominium at nearly 2,000 sq. ft. located in Tuxedo.
 
Other MLS® property types to distinguish themselves for heightened sales activity in the first quarter compared to the same period in 2019 are single-attached, vacant land, vacant land with buildings, farm, commercial and mobile homes. Of these property types, only vacant land and vacant land with buildings showed gains in March owing in part to fast developing changes in our market.
 
“Going into the spring market which is normally the busiest time of our annual market cycles will be different in 2020,” said Schellenberg. “We have already noticed a slow-down in listing and sales activity the last week of March and this is totally understandable given everyone’s desire and the critical need to flatten the curve on COVID-19.”
Schellenberg added, “Our REALTOR® members are adjusting to new ways of transacting real estate in the present environment where Manitoba is in a state of emergency.
 
“You need to have a conversation with your REALTOR® on how to follow new protocols and best practices to ensure everyone stays safe” said Marina R. James, CEO of WinnipegREALTORS®. “Real estate services have been declared a critical service under a recent Public Health Order but we clearly recognize it is not business as usual.”
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing just over 2,000 REALTORS® and other industry related professions active in Winnipeg and surrounding areas, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


February continues upward climb with a 15% increase
 
WINNIPEG - MLS® sales activity in February replicated January’s 15% increase resulting in 837 sales. The extra day helped as the only other year to see sales rise above 800 in February was in the 2016 leap year. Dollar volume of $236 million was not as strong with a 10% increase over February 2019.
 
The over 1,700 new listings entered on MLS® is an indicator of early year enthusiasm as are up 18% over the same month last year. This keeps the local market well supplied with 4,266 active listings available for sale in March. The big difference from year to year is in residential-detached listings as they rose 22% over February 2019 while condominium listings entered were slightly down.
 
As a result, total MLS® inventory is sitting at just over 5 months based on current sales activity.
 
“It is important to keep in mind some of the spike in residential-detached listings this year is attributable to WinnipegREALTORS® 2019 expansion into rural areas outside Winnipeg which did not fully materialize until later in the year” said Catherine Schellenberg, president of WinnipegREALTORS®. “Listings entered for first 2 months outside Winnipeg were up 23% while listings inside the city rose 7%.”
 
One MLS® area within Winnipeg which is seeing a significant increase in residential-detached listings this year is Waverley West and that is due in part to its continued growth in new communities such as South Pointe. There have been 148 listings entered for the first two months compared to 119 for the same period in 2019.
 
Many MLS® property types experienced increases in February with condo sales activity rebounding with an 8% increase after a slow start in January. Vacant land and vacant land with buildings are both performing exceptionally well in comparison to last year. The 44 vacant land sales in February resulted in a 63% increase over February 2019.
 
Housing affordability is a real strength of WinnipegREALTORS® market region. The latest from National Bank’s Housing Affordability Monitor based on the fourth quarter 2019 indicates only Vancouver and Winnipeg saw income increase faster than housing prices during this quarter. In Winnipeg’s case, an income of $68,780 allows you to buy a median priced home of $324,094 while an income of $47,793 is enough to buy a median priced condo at $225,203.
 
Winnipeg’s North End, which encompasses three MLS® areas, showed improvement in residential-detached sales after being negatively impacted the last few years by the mortgage stress test. Sales in February doubled the number sold in February 2019.
 
This bodes well heading into the spring, In light of the federal government announcing recently that they will be adjusting the mortgage stress test for insured mortgages on April 6 to be more responsive and align with the median five-year fixed insured mortgage rate from mortgage insurance applications plus two percentage points. This new qualifying rate will be lower than the Bank of Canada’s five-year benchmark qualifying rate.
 
Speaking of the Bank of Canada, the overnight lending rate was lowered this week by half a percentage point from 1.75 per cent to 1.25 per cent. This is on the heels of other major countries lowering their rates with the US Federal Reserve dropping its interest rate by half a percentage point too.
 
Our local market’s high level of affordability relative to other major housing markets positions home buyers well to take advantage of any further developments to lower mortgage costs. It opens up more buyers to the opportunity to purchase a home,” said Schellenberg.
 
“If you are selling in what is a competitive housing market, you need to be talking to your REALTOR®,” said Marina R. James, CEO of WinnipegREALTORS®. “REALTORS® have the knowledge and expertise to develop a strategy to sell your home or purchase residential or commercial real estate.”
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing just over 2,000 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **

2020 Starts Strong with 731 MLS® Sales in January
 
WINNIPEG - 2020 got off to a strong start with 731 MLS® sales, a 15% increase over January 2019 and 18% more than the 5-year average total. Dollar volume rose 18% to $207.4 million. The 1,870 listings entered on MLS® in January were up less than 5% and at month end there were 4,002 listings available for sale, nearly 7% higher than last year.
 
“Positive momentum from the end of 2019 continues in 2020 with brisk sales for this time of year,” said Catherine Schellenberg, president of WinnipegREALTORS®. “Helping kick start 2020 are very favourable mortgage rates with 5-year fixed residential mortgage rates available for under 3%.”

Affordability is a real strength in the WinnipegREALTORS® market region and makes the dream of homeownership possible. Over half of all detached homes and condominiums are listed below $300,000 and another 20% are listed from $300,000 to $400,000.
 
The flight to affordability was born out in January with 55% of the 511 detached home sales selling for under $300,000 and another 23% successfully transacted from $300,000 to $399,999. There were still gains in upper end market activity this January compared to the same month last year. It was punctuated by two detached homes each selling for over one million dollars.
 
Proof that all MLS® areas within a local market do not all perform the same is the St. James MLS® area in West Winnipeg. It stood out in January with a very high conversion rate of 90% of detached home sales to listings (19 out of 21). It also had one of the highest detached home sales totals of any MLS® area and resulted in the highest ratio of sales to active listings (19 sales versus 14 active listings at month end).
 
Of the 70 condominium sales, 85% of them sold for under $300,000 with the most active price range being from $100,000 to $149,999 at 20% of total sales. The highest condo price to sell in January was $589,900.
 
It is worth noting that single-attached properties which saw double-digit growth in sales activity last year recorded 44 sales in January, a 42% spike in sales from January 2019. Commercial properties also shone in comparison to last January with 23 sales and one mixed use commercial building selling for $2.6 million. 
 
“Lots of choice and options for buyers in 2020 and that will prevail in February and into the spring, “said Schellenberg. “ This is in stark contrast to a number of other housing markets in the country where they are concerned about a housing supply shortage.” 
 
“Variations exist within local markets depending on the property type, price range and MLS® area you are interested in.” said Marina R. James. “Your REALTOR® is available and ready to help you understand your specific real estate needs in the current marketplace.”
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing just over 2,000 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
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To get the best return on your home, you

need to make your home look its best.

Here’s the checklist that will help you do it


I am a HUGE fan of checklists! Here is a handy checklist for you in order to help get your home Market Ready! Make your home look and feel like a show home and put your very best foot forward to all potentail buyers! Remember, we get ONE chance to make an amazing first impression! 




Inside your home


Floor coverings

(carpeting, tile, linoleum, hardwood, etc.)

  • Dirt or stains?
  • Excessive wear or damage?
  • Area rugs clean and stain-free?

Walls and ceilings

  • Dirt, fingerprints or other stains?
  • Nail or thumb-crack holes, tape residue?
  • Cracks, chips, water damage?
  • Need for repainting or new wallpaper?
  • Neutral, light colours for roomy environment?

Doors

  • Dirt, fingerprints or other stains?
  • Need new paint?
  • Open/close easily without squeaks?
  • Latches/handles secure and working properly?

Windows

  • Glass sparkling clean/chip- and crack-free?
  • Open/close easily?
  • Latches/handles/locks secure, working properly?
  • Dirt and fingerprints on frames or sills?
  • Screens clean and without holes?
  • Storm windows in good condition?

Window coverings

(curtains, drapes, blinds, etc.)

  • Dirt or stains?
  • Excessive wear or sun damage?
  • Open/close easily, hardware working properly?

Lighting

(lighting makes a room feel more inviting)

  • All bulbs working and proper wattage?
  • Broken switches, exposed wiring?
  • Table and floor lamps working properly?

Pet areas

  • Clean, organized, odour-free?

Entryways and hallways

  • Clean and free of clutter or obstructions?
  • Welcome mat(s) clean and inviting?
  • Closets and storage areas
  • Clean and well organized?
  • Clutter and excess junk removed?
  • Clothes hung neatly and not jammed together?
  • Shoes and boots neatly stored/stacked?

Kitchen

  • Every surface sparkling clean?
  • Countertops organized, all but daily use appliances?
  • Refrigerator spotless inside and out?
  • Organized? Spoiled food discarded?
  • Frost removed? Light bulbs working? (Buyers look!)
  • Oven/stovetop clean? Burner trays cleaned?
  • Sinks clean; faucets working properly and leak-free?
  • Garbage disposal in good working condition?
  • Cupboards/pantry spotless, organized?
  • Dishwasher clean and stain-free?

Living room, dining room,

bedrooms, den and study

  • Everything thoroughly vacuumed/dusted?
  • Excess furniture removed for roomier atmosphere?
  • Remaining furniture clean and in good repair?
  • Wood and other surfaces clean and polished?
  • Bookshelves neat, organized and clutter-free?
  • Children’s games/toys stored neatly?
  • Fragile items removed and stored?
  • Smaller valuables removed/locked away?
  • Window coverings open for views and sunlight?
  • Mirrors clean and in good repair?
  • Ashtrays cleaned and kept out of sight?
  • Fireplace clean, logs/kindling stacked neatly?

Bathrooms/powder room

  • Every surface sparkling clean?
  • Countertops organized, free of clutter? Fresh soap?
  • Sinks spotlessly clean, faucets working properly?
  • Tub and shower surfaces clean?
  • Towels stain-free and hanging neatly?
  • Shower curtain clean and in good repair?
  • Toilet extra-clean and working properly?
  • Closets organized and clutter-free?
  • Medicine cabinet clean, “personal items” removed?

Basement, furnace room,

garage, attic storeroom

  • Clean and well-organized?
  • Clutter and excess “junk” removed?
  • Remaining items stored/stacked neatly?
  • Everything thoroughly vacuumed/dusted?

Outside your home


Structures

  • Exterior surfaces clean, in good condition?
  • Front-door exterior clean, inviting?
  • Eavestroughs and downspouts clean, in good repair?
  • Gates open/close properly, hardware working?
  • Fences/decks in good repair, in good condition?
  • Sidewalks and walkways in good repair?
  • Driveway clean, in good repair?

Yard and environment

  • Driveways, sidewalks clear of snow, ice?
  • Lawns mowed/edged regularly?
  • Large bare spots repaired?
  • Leaves removed from lawns and flower beds?
  • Trees pruned, hedges trimmed?
  • Flower beds weeded and tidy; dead plants replaced?
  • “Junk” and scrap removed?
  • Lawn furniture clean, organized, good repair?
  • Bicycles, children’s toys stored neatly, out of way?
  • Firewood organized and neatly stacked?
  • Dog runs secure, yard free of “doggy deposits”?


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


December to remember brings a successful 2019 to a great close


WINNIPEG - December sales of 674 were exceptional — up 25% over the same month in 2018 and 8% above the 5-year average. As a result, activity this month propel year-end sales to the highest level on record at 13,662, a 7% increase over 2018 and slightly ahead of the 13,632 MLS® sales transacted in 2016.
 
Similarly, December’s impressive dollar volume of close to $200 million pushed the year-end dollar volume total over the $4 billion threshold level for the first time. Dollar volume in 2019 of $4.059 billion rose over 7% compared to 2018.
 
Last year also ushered in the highest number of listings entered on WinnipegREALTORS® MLS®. The 25,741 listings increased 8% over 2018 and 6% above the 5-year average. The percentage of MLS® listings selling or what is referred to as the sales-to-listings ratio is still within 2% of the 5-year average. Notable in 2019 is that residential-detached listings sold, on average, for 98% of their list price.
 
“December market results are not only indicative of a strong second half to 2019 but a very active year as a whole,” said Kenneth Clark, outgoing president of WinnipegREALTORS®. “Buyers in particular benefited from a healthy supply of listings and sales gains across most MLS® property types show they were actively engaged in the 2019 real estate market.”
 
It is important to note 2019 saw an increase in overall MLS® activity as a result of welcoming new rural brokerage offices, such as ones in the South Central Plains MLS® area (e.g. Winkler, Morden and Altona), onto the WinnipegREALTORS® MLS®. They formerly had been on the Manitoba Real Estate Association (MREA) MLS®. As they were main contributors to MREA’s MLS® market activity in previous years, their contribution to WinnipegREALTORS®’ MLS® in 2019 was instrumental in generating higher listings, sales and dollar volume totals.
 
The city of Winnipeg remains the dominant selling area within WinnipegREALTORS® market region with 71% of residential-detached and nearly 85% of condominium sales. However, when it comes to vacant lot sales, of which there were 502 in 2019, rural MLS® areas dominate with over 90% of total sales.
 
WinnipegREALTORS® market region showed very little change in average 2019 residential-detached and condominium sale prices in comparison to 2018. The 2019 average residential-detached sales price was $324,122 versus $321,945 in 2018. Condominiums showed less than a $1,000 difference with a slight decrease from $238,916 in 2019 to $238,088 in 2018.
 
Speaking of the main MLS® zones within Winnipeg and those many MLS® rural areas outside Winnipeg, average residential-detached sale prices in 2019 were remarkably similar to 2018. The biggest gain at 3.5% was the Winnipeg west MLS® zone (north of Assiniboine River). It went from $251,588 in 2018 to $260,453 in 2019. The only decrease was in the rural MLS® zone which saw its average sales price drop from $308,320 to $305,035. The highest average sales price is in the southwest Winnipeg MLS® zone at $426,573.
 
As for sales, the rural MLS® zone saw a 16% jump in sales activity due primarily to the significant increase in activity in the South Central Plains MLS® area on WinnipegREALTORS®’ MLS®. The only drop in sales activity was in the Winnipeg west MLS® zone. It was a very modest 2.6%.
 
For the two main property types, residential-detached and condominiums, total sales were up 5% and 7% respectively compared to last year. There were 9,788 residential-detached sales and 1,750 condo sales. While representing less than 5% of total MLS® market share, single-attached properties really stood out in 2019 with 640 sales, a 24% increase over 2018.
 
Affordability remains firmly intact as nearly three out of four condominium sales in 2019 were at prices under $300,000, whereas 76% of residential-detached sold for under $400,000 with nearly one in two selling for under $300,000.
 
The highest residential-detached home to sell in 2019 was for $2,290,000, while the most expensive condominium to sell was $1,300,000.
 
“2019 is testimony to our hard-working REALTORS® really stepping up to lead WinnipegREALTORS® to a record number of transactions,” said Marina R. James, CEO of WinnipegREALTORS®. “REALTORS® expertise and knowledge came to the fore in making a listing stand out in what has been a very competitive marketplace this year.”
 
For more information and insights on the local market and what lies ahead in 2020, WinnipegREALTORS® is proud to be hosting its annual Forecast Breakfast on Wednesday, January 29. The high impact event will shed more light and details on what may happen in the local housing and commercial market in 2020. Headlining this very informative breakfast is BMO Chief Economist Douglas Porter. The theme this year is 2020 Vision and all presenters will look ahead to our next decade.


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


November MLS® Activity Maintains Strong Pace in 2019
 
WINNIPEG - November sales, dollar volume and listings contributed to a strong second half finish to 2019.
 
November’s 902 sales transacted on WinnipegREALTORS® MLS® were up 4% over November 2018 and on record to be the second time sales eclipsed 900 in this month. Dollar volume of $270.8 million is the highest for the month of November and increased nearly 10% over November 2018.
 
Listings continue their record-setting pace this year with an 18% increase over November 2018 in new listings coming to market. Active listings or inventory at the end of November is sitting at 21% above last year with over 5,000 listings available for sale. 
 
“Manitobans are actively engaged in our real estate market this year given the extent of MLS® listing and sales activity we are experiencing,” said Kenneth Clark, president of WinnipegREALTORS®. “The recovery we predicted in 2019 over 2018 has come to fruition.” 


Year-to-date sales of 12,988 are up 6% over the same period of time in 2018 and already ahead of last year’s annual total. Depending on how December 2019 concludes, a new sales record is conceivable. Year-to date sales are 27 sales behind the best year on record for the first 11 months in 2016.


Year-to-date dollar volume of $3.86 billion, which is 7% higher than last year and with only a month to go, is on pace to set a new annual dollar volume record. 


“Seeing the number of REALTOR® members grow this year with more activity of members in rural areas where we have not been as active in previous years is helping make 2019 a banner year”, said Clark.


Improvement in sales over 2018 has not only been in residential-detached and condominiums which make up 85% of all MLS® sales, but other property types have enjoyed stellar performances such as single-attached properties with over 600 sales and close to a 5% share of total MLS® sales. Vacant land sales have also done well with 466 sales. Duplex sales are up 20% over 2018 with 187 sales.


Speaking of residential-detached sales, the November average sales price of $327,485 was skewed higher than normal with 8 sales that were one million or higher compared to 4 last November. There were also 65 sales of $500,000 or higher in 2019 compared to 47 in 2018.


Similarly, the November average condominium sales price of $249,681 was skewed higher with a $1 million plus sale and 9 sales of half a million or more compared to 3 in November 2018.


The most active price range for residential-detached sales in November was from $250,000 to $299,999 at 24% while condominiums were busiest from $150,000 to $199,999 at 26%.


“While too big to fit under your tree, looking for a property to buy in the festive season has never been better,” said Clark. “So many options to choose from and our local market delivers great value on a wide price range of MLS® properties.”


“Tis the season to be buying so if you find yourself in the market for a home, you need to be contacting your REALTOR®”, said Marina R. James, CEO of WinnipegREALTORS®. “REALTORS® are local market experts who can guide you through the entire process and find the home right for you.”


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


Brisk October MLS® Sales Continue Third Quarter Momentum


WINNIPEG - October sales of 1,173 increased 6% over October 2018 and are the same percentage above the 5-year sales average for this month. October dollar volume of close to $342 million resulted in an increase of less than 4% over the same month in 2018.
 
Active listings or current inventory of 5,419 remain elevated over last year at this time. They are up 18%. New listings entered on the MLS® in October of 1,958 rose 6% over October 2018. This is a more modest increase in listings compared to double-digit increases every month in the third quarter.
 
“We are starting to see adjustments in new listings activity to be more in line with last year,” said Ken Clark, president of WinnipegREALTORS®. “The healthy supply of listings we are enjoying this year is contributing to strong sales as buyers take advantage of our wide selection of offerings.”
 
Rural single family sales are taking a larger market share as represented 31% of total sales in September and October. This compares to 28% and 26% for the same months in 2018.
 
Year-to-date MLS® market activity totals 12,086 sales, a 6% increase over the same period last year and now places WinnipegREALTORS® in a position to reach its highest annual sales level ever. Only the record year of 2016 has 52 more sales in the first 10 months. Year-to-date dollar volume at close to $3.6 billion is ahead of last year by 7% and is on pace to set a new all-time high for the Winnipeg Metro Region.
 
In terms of prices, the greater listings supply has made it more competitive and affordable for buyers. In October the vast majority or percentage of listings sold at or below list price for both single family (87%) and condominium (93%) property types. As a consequence, the average residential-detached or single family house sales price of $315,889 this October is down 2.7% from the same month last year while the condominium average sales price of $227,878 is down 2.8%.
 
60% of total single family house sales occurred from $200,000 to $399,999 with the most active price range accounting for 22% of sales being from $250,000 to $299,999. For condominiums, 51% of total sales were from $150,000 to $249,999 with the $150,000 to $199,999 price range most active at 28%.
 
The highest sale price in October for the single family property type was $1,250,000 while the most expensive condominium sale was $612,037.
 
“For all the talk of keeping the mortgage stress test and the current amortization period of 25 years for insured mortgages intact (e.g. concern over higher house prices), it should not be lost on Canadians how different regional markets are from coast to coast,” said Clark. ““WinnipegREALTORS® housing market is much better supplied than a number of other housing markets throughout the country.”
 
“ We are committed to supporting our over 1,940 REALTORS® with the digital tools and services necessary for them to stay up-to-date and deliver superior services through the buying and selling process,” said Marina R. James, CEO of Winnipeg REALTORS®.


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


September caps off a resurgent third quarter


WINNIPEG - WinnipegREALTORS® experienced its strongest third quarter of market activity on record with close to 4,100 MLS® sales worth 1.19 billion dollars. Each of the three months had their highest dollar volume totals ever for their respective months. A new sales record was also set for the month of August while July and September were right at the top.
 
As a result of this marked improvement in third quarter market activity over 2018, year-to-date sales are up 6% with 10,913 sales while dollar volume of $3.25 billion has increased 7% over the first nine months in 2018. This now places 2019 within less than 1% of the best years on record in 2016 and 2017 with respect to sales and the highest dollar volume of any previous year with three months to go.
 
September sales of 1,211 are ahead of the same month last year by 16% and only 4 sales shy of the best September on record in 2016. Dollar volume was up 16% too at close to $350 million.
 
It is worth noting that single-attached and duplex properties are showing double-digit sales percentage increases over last year as are up 17% and 27% respectively after nine months. 53 single-attached properties sold in September, a 43% increase over September 2018. 
 
Another development more pronounced in the third quarter this year is the double-digit percentage increase in new listings each month over the same month in 2018.
 
In September, new listings coming on the market rose 10% to 2,365. So despite the impressive sales this month inventory remaining for sale going into October is over 6,000 listings as was the case at the end of August. This means that one out of five listings sold in September.  
 
“Good economic fundamentals, growth in our membership and market region well beyond Winnipeg, a healthy listing supply and favourable mortgage rates despite tougher qualifications rules, is behind the impressive market activity we have had this third quarter,” said Ken Clark, president of WinnipegREALTORS®. “However, it is important to keep in mind and be attentive to just how competitive the current market is with so many listings for buyers to choose from.”
 
Due to the elevated supply in listings this year prices are being held in check. The year-to-date average single family home sales price is $325,215 ($322,828 in 2018) while the year-to-date average condo sales price is $3238, 820 ($239,877 in 2018). The percentage of listings selling at or above list price for single family homes this year is just over 27% while condominiums are at 21%.
 
Affordability remains a defining feature of the local market with more than one in two single family homes and 76% of condos selling in September for under $300,000. In a recent survey reported in The Canadian Press on affordability of Canadian cities by Forum Research, its President Lorne Bozinoff said, “ When it comes to mortgages Winnipeggers are paying amongst the lowest proportion of their income every month.”
 
“When there are as many listings as we currently have on the market that means there are also many  sellers looking to buy another property within our local market,” said Clark. “This bodes well for continued strong sales activity into the fourth quarter.”
 
“All real estate markets are local and then some in terms of differences within their market region,” said WinnipegREALTORS® CEO Marina R. James. “You need to hire a REALTOR® who has the knowledge and expertise to educate you on how you can best navigate your specific real estate need.”


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


Condo sales propel August to a record month
 
WINNIPEGA record month of sales and dollar volume activity for August capped off a very active summer. July and August were identical twins when it came to sales. However dollar volume differed with lower dollar volume in August due in part to condominium sales activity showing much larger gains than single family.
 
August MLS® sales of 1,439 were up 13% over August 2018 and rose 9% above the five-year average for this month. The highest previous month of sales activity for August was 1,350 sales in 2016. August dollar volume of $411 million resulted in close to a 10% gain over the same month last year. It is the first time August dollar volume has eclipsed the $400 million mark.
 
The real highlight of August 2019 was the 37% increase in condominium sales over August 2018. The 199 sales are 19% higher than the five-year average for this month and a few sales below the best condo month sales performances ever for the Winnipeg Metro Region.
 
With the exception of 9 new condo sales in a Fort Rouge project, the vast majority of condo sales in August were resales with many of the larger percentage gains over 2018 occurring in the southwest quadrant of Winnipeg. When you add up the August condo sales activity of East Fort Garry, Linden Woods and Fort Richmond, there are 34 sales. There were 12 altogether last August.
 
As for single family sales, the 1,014 total for this month are record-setting too for this month but only up 4% over August 2018. 3% of these sales can be attributed to the expansion of MLS® this year to the south-central region of Manitoba in the Morden/Winkler area. Another 25% of total single family sales came from outside Winnipeg.
 
“It is not often, if at all, when we see condominium sales outperform single family to the degree they did this month,” said Ken Clark, president of WinnipegREALTORS®.  He added, “It means their year-to-date percentage gain over 2018 sales is greater than single family’s now."
 
If condominiums were the lead standout in this record-performing MLS® month, there was a strong supporting cast of other property types besides single family. All property types saw increases over August 2018 with large double-digit increases in many instances. The 27 resort property sales increased 50% over 2018. 
 
Year-to-date MLS® sales of 9,702 are 5% higher than the same period of time last year while dollar volume of $2.91 billion is up 6% from 2018. Sales are within 1% of the best years on record in 2016 and 2017.
 
Inventory is somewhat elevated at over 6,000 listings and is 17% greater than we were at the same time last year, however overall we remain in balanced territory.
 
“It is becoming abundantly clear with the strong results we had in August that buyers are capitalizing on the incredible choice and vast array of affordably-priced properties available on our MLS® for sale,” said Clark. “A very favourable 5-year fixed rate in the current mortgage market bodes well for buyers heading into the fall season.”
 
“In a competitive market where there are so many listings to choose from, you need to hire a REALTOR® to make your property stand out and come up with the right strategy to sell your home,” said Marina R. James. “REALTORS® have the knowledge, expertise and tools to sell your listing.”
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 2,080 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


WinnipegREALTORS® sets dollar volume record in month of July
 
WINNIPEGThe Winnipeg Metro Region market heated up in terms of dollar volume with a new record set for July with $437 million representing a 10% increase over July 2018. Sales of 1,440 trended upward with nearly a 5% rise over last July and only 3% shy of the best July on record in 2014.
 
Year-to-date sales activity of 8,263 sales shows a 4% gain over the same period last year while dollar volume of close to $2.5 billion is up more than 5% in comparison to 2018. This is the highest dollar volume reached for WinnipegREALTORS® in the first 7 months of 2019.
 
Helping explain the higher percentage increase in dollar volume this July are some notable increases in sales in some of the higher price ranges in condominiums and to a lesser extent, single family homes. For example, in condominiums, there were 20 sales compared to 10 last July in the $275,000 to $299,999 price range. There were 9 sales compared to 3 last July in the $375,000 to $399,999 price range and twice as many sales over $600,000 this year with one selling for $1 million. A good example in single family homes with 60 sales in the $400,000 to $424,999 price range compared to 34 in 2018 in this same price range.
 
One of the results of having higher-priced condominium sales the last few months is the average year-to-date sale price drawing even with 2018 at $240,000. The single family home year-to- date average sales price of $328,718 is up less than 2% compared to the same period last year. 
 
Listings continue to exhibit strong increases on a monthly basis over last year with over a 10% jump in new listings coming on the market in July or a 15% growth in inventory with 6,083 listings available for sale going into August.
 
“The strong numbers in both sales, dollar volume and listings in July is a reflection of buyers taking advantage of lower mortgage rates, a fabulous choice of an abundant supply of listings, and some very attractive affordable housing options beyond just single family homes and condominiums,” said Ken Clark, president of WinnipegREALTORS®. ‘”It is also worth noting, in July the Bank of Canada lowered the rate used by the mortgage stress test to qualify for a mortgage from 5.34 per cent to 5.19 per cent.”
 
And in addition to single family homes and condominiums which offer alternative housing choices for buyers, the attached housing category performed very well in July with over 100 sales with an average sale price of just under $257,000.
 
The most active of the attached property type category, which includes duplexes, townhouses and single-attached, was the latter one with 72 sales – a 22% increases over the same month last year. Year-to-date nearly 400 single-attached properties have been sold and increased 22% over the same period last year.
 
Single-attached is the third busiest property type with 5% of total MLS® market share. Leading the way after seven months is single family homes with close to 73% and then condominiums with a 12% market share.
 
“ We have reason to be optimistic of achieving a good MLS® result in August given the positive trend over 2018 and the wide array and diversity of listings on the market,” said Clark. “All provincial election volunteers on the campaign trail will certainly notice all of our MLS® listings available for sale.”
 
“Get out and take advantage of our spectacular summer weather to see all of our listings for sale throughout the Winnipeg Metro Region,” said Marina R. James, CEO of WinnipegREALTORS®. “Our REALTORS® know the local market and will apply their skills and abilities to help find the right home for you.”
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 2,050 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


June sales just shy of last June’s market activity


WINNIPEGJune sales of 1,528 fell short of June 2018 market activity by 1% and 3% from the 5-year average for this month. What really stood out in June is extensive inventory which offers buyers record levels of choice in one of the most affordable housing markets in the country.
 
June dollar volume of nearly $463 million declined 2% from June 2018 yet is equal to the 5-year June average. New listings are strong again in June with 2,698 entered on the MLS®, an 8% increase over June 2018. Current inventory going into summer is approaching 6,000 listings, 14% higher than 2018.
 
“Despite a slight decline in June sales activity the record -setting May helped propel second quarter results to match the 5-year average,” said Ken Clark, president of WinnipegREALTORS®. “This year’s second quarter is just 4% behind our best quarter on record in 2016.”
 
In terms of June single family home sales activity, sales were neck and neck between the two most active price ranges of $250,000 to $299,999 and the $300,000 to $349,999. Together they represent 35% of total sales. If you add the two next similarly paced price ranges of $200,000 to $249,999 and $350,000 to $399,999 you reach 60% total sales activity. Condominium sales were most active in the $150,000 to $199,999 at 29%. The next most active price range was from $200,000 to $249,999 at 19%.
 
“It is important to keep in mind that sales activity varies between different price ranges and drops off significantly as you climb up the price ladder,” said Clark. “In June the price ranges from $500,000 and above made up just 10% of total single family home sales."
 
Year-to-date sales of 6,823 are up nearly 4% over the first six months of 2018. The only two years they trail are the record-setting years of 2016 and 2017 where both had over 7,000 sales at this time. Dollar volume after six months is over $2 billion and slightly lower than the highest total recorded in 2017 and nearly ahead by 5% over 2018.
 
“A true sign of a strong market is when the sales and dollar volume increase at a reasonable but steady pace, and the first 6 months of 2019 certainly make that evident”, said Clark.
 
At the end of the first half of every year WinnipegREALTORS® likes to see how average single family home prices are tracking in the 5 MLS® zones within Winnipeg and the rural zone encompassing the market region outside Winnipeg. As you can see from the chart below, all zones show prices are slightly ahead or even with last year with the exception of the North zone which is down by a small margin.
 
The highest average priced MLS® zone is the Southwest at $435,430 while the lowest are the North and West zones at $263,117 and $263,852 respectively. The overall average single family sales price is $329,841, a very modest gain over the $325,314 recorded for first six months in 2018.
 
“A healthy supply of listings is keeping our house prices in check and very affordable,” said Clark.
 
The June 2019 RBC Housing Trends and Affordability Report highlights Winnipeg as being just above its long-term average level of affordability since 1985. It comments that “slow-rising prices keep ownership costs very manageable".
 
Looking ahead to the second half of 2019, CREA revised its 2019 forecast to indicate a recovery in home sales is underway across a number of market regions. This is certainly the case in the Winnipeg Metro Region with sales improving over 2018. CREA is calling for an increase in sales of over 4% for Manitoba.
 
“Not every market is the same nor house within a market,” said Marina R. James, CEO of WinnipegREALTORS®. “There are many factors at play so you need to be calling a professional REALTOR® - a market expert – to help you meet your home buying and home selling needs.”

Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 2,050 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


WINNIPEG - May sales of 1,705 is the first time WinnipegREALTORS® has reached and eclipsed the 1,700 threshold mark for any month including May. It also broke new ground for any month with sales dollar volume vaulting over one-half billion to $526 million. The previous record set in May 2017 just fell short of the half billion dollar mark at $499.4 million while sales were only 4 below 1,700.
 
In relation to the same month last year, sales rose 13% while dollar volume increased 15%. New listings were impressive too with over 3,000 entered on the MLS® in May – a 7% increase compared to May 2017. This leaves 5,689 listings available for sale in June.
 
“These records are a true testament to a real team effort by our 1,890 REALTOR® members who cooperate every day to serve buyers and sellers in our local market,” said Ken Clark, president of WinnipegREALTORS®.  “It shows how our market region extends well beyond Winnipeg to encompass southeastern Manitoba”. 
 
What are referred to as rural sales or those outside city of Winnipeg boundaries were the difference maker from the previous record May 2017. Their percentage of total single family sales went from 24% to 29%. Deserving special mention is WinnipegREALTORS® R35 MLS® area which is called South Central Plains and includes the cities of Winkler and Morden. Owing to having REALTORS® in this area join the association this year and list their properties on our MLS® system, property sales went from 8 in May 2018 to 64 this May.
 
“We are absolutely delighted to have more rural members joining and participating on our MLS®, “said Clark. “ Like other major cities in Canada our market region has always reached out to rural municipalities and cottage country.”
 
The record month of May boosted year-to-date sales to 5,295, a 5% increase over the same period in 2018. Dollar volume closed in on nearly $1.6 billion worth of sales resulting in a 7% increase. The over 11,000 listings entered on MLS® for the first five months this year shows a 6% increase over 2018.
 
On a real positive note, all MLS® property types performed better in May 2019 than May 2018 with town house and single attached properties sales both up 40% over the same month last year. All percentage increases were in the double-digits with the exception of vacant land and duplexes.
 
Even with the strong influx of new MLS® listings in May the high absorption rate of listings being converted to sales leaves 3.3 months of inventory remaining for June. This result biases overall market towards more of a sellers’ market however it really does vary according to MLS® areas and property type.
 
Some MLS® areas where single family home listing inventory clearly needed to be replenished based on May sales were River Heights, Crescentwood, Charleswood, Waverley Heights, Whyte Ridge, St. Norbert, St. Boniface, St. Vital, Windsor Park, East Kildonan, North Kildonan, Sun Valley, West Transcona, Canterbury Park, Garden City, Tyndall Park, Maples, St. James and Westwood.
 
For condominiums it is a far different situation with more inventory available based on current demand.
 
Affordability continues to be a strength of the local real estate market with nearly half of single family homes selling for under $300,000 and 74% of condos selling below this price.
 
“Winnipeg and the surrounding rural MLS® areas offer some of the most affordable housing in the country,” said Clark. “Buyers are availing themselves of this great opportunity.”
 
“In a record month such as we just completed our REALTORS® really came to the forefront in executing all of the necessary legwork and details to finalize a successful sale,” said Marina R. James, CEO of WinnipegREALTORS®.
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 2,030 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
 


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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **


April MLS® sales slip back modestly from April 2018  
 
WINNIPEG - While Manitobans welcomed spring with open arms given a long winter they also were relieved to know potential flooding threats did not come to fruition. Thanks to major engineering flood mitigating projects such as The Winnipeg Floodway or Duff’s Ditch, as it is commonly referred to as, thousands of properties have been saved over many years from the ravages of water damage.
 
April sales of 1,223 were down less than 5% from April 2018 while dollar volume decreased 3%. It is a 60 sales difference from 2018.
 
Single family dwellings and condominiums remain close to last year’s results with six fewer sales in single family and eight in condominiums.
 
2,711 new listings were added to the market in April to create a healthy supply of nearly 5,000 listings available for sale in May. Current inventory sits at 4 months of supply. This is considered balanced from an overall market perspective.
 
“The strong influx of new listings this year bodes well for an uptick in increased sales as we head into our busiest months of the year,” said Ken Clark, president of WinnipegREALTORS®. “The wide choice and affordable options available for buyers will help make this a reality.”
 
Year-to-date sales are up 2% while dollar volume is 3% higher with over $1 billion worth of sales activity. Listings entered for the year are tracking 5% ahead of last year for the first four months.
 
The average sales price for single family homes or residential-detached in April was $332,185. Helping raise the average sale price up to this level were 7 sales over $1 million including one for $2,100,000 in Tuxedo. The condominium average sale price as well saw it rise well above its previous month average to $248,284. There were some higher priced sales of which one went for just under $1 million on Waterfront Drive.
 
The most active price ranges in percentage terms of total sales for single family homes in April where from $200,000 to $399,999. The $250,000 to $299,999 price range realized the most sales at 18% of all sales.
 
For condominiums, the $250,000 to $299,999 price range was just edged out by the $150,000 to $199,999 price range. The latter represented 25% of total sales with the former having 23%.
 
In April the Bank of Canada maintained the overnight lending rate at 1.75%. This did not come as a surprise as many economists state we will not see a rate increase in 2019 due to uncertainty around trade including ratification of the Canada-United States- Mexico Agreement. Even an interest rate cut may be a possibility.
 
The Bank of Canada Governor Stephen Poloz spoke to the April monetary policy report and in addressing the housing market he said markets such as Halifax, Montreal, Ottawa and Winnipeg are seeing solid activity.
 
It is interesting to note Governor Poloz was in Winnipeg on May 6, 2019 as part of the Canadian Credit Union Association national conference. The Winnipeg Chamber of Commerce hosted a luncheon featuring a conversation with him.
 
“I appreciate the governor expressing a vote of confidence in our housing market,” said Clark. “We know Winnipeg’s market is a resilient and steady one and should continue to perform well this year.”
 
“Keeping a close pulse on any changes to the housing market is what REALTORS® do,” said Marina R. James, CEO of WinnipegREALTORS®. “If you are selling or buying, your REALTOR® is one call, email or text away.”
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 2,000 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 


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It’s nothing new that home staging is a wise move. After all, it has the potential to increase the final sales price of your home by 6 to 20 percent. But what you may not realize is that it doesn’t have to cost an arm and a leg to do it. After all, who needs more expenses when you’re moving? If you’re short on cash but want to speed up your home sale and possibly increase that final dollar amount, here are some budget-friendly home staging tips.


Declutter


The first step to home staging is about as budget-friendly as you can get — because it’s free. Donate or trash items such as clothes, extra furniture, books and knick-knacks – anything that’s not being used or that you no longer need. Go through the pantry and donate canned goods to a local food drive. Sift through piles of random papers and shred and recycle what you don’t need.


Hold a pre-moving sale


Hold a garage sale to get rid of what you won’t be taking with you when you move. Not only will you declutter, you’ll also make some extra cash for other home upgrades. Don’t feel like doing a traditional yard sale? Download OfferUp or another buy-and-sell marketplace app to sell your items.


Borrow from friends


A good rule of thumb with home staging is to furnish and stage every room in your home so that no room is left empty. To save costs, you can borrow furniture from friends and family, or you could split up the furniture in other rooms of your home to round out the less furnished rooms. Borrow the treadmill your sister no longer uses and the weight lifting bench in the garage to transform an empty bedroom into a home gym, or add a desk and cabinet to your guest room to help buyers envision both a guest room or home office in that space.


Consider portable storage


After getting rid of the items you no longer want, it’s time to empty your home of excess furniture items, quirky art, and any personal items that may be distracting to buyers. A portable storage container is a popular cost-effective option because it conveniently combines moving and storage.

Here’s how it works: A driver delivers your storage container to your home to fill at your leisure. Once you’ve loaded the items you’re storing, the driver picks up the container and takes it to a nearby storage facility. When your home is sold, have your container re-delivered to your door, fill it with the rest of your stuff, and ta-da! You’re all ready to move. Some portable storage providers can move your container long-distance. For instance, PODS can move your container to your new home even if it’s across the country, in Hawaii, or in some parts of Canada. A solution such as this that combines moving and storage can help reduce the costs of moving by eliminating the need to rent a storage unit or moving trucks multiple times. Moving long-distance with a container can also be significantly less expensive than using a traditional full-service moving company.


Grab your paint brush


Want to transform your home cheaply? Painting gives you the best bang for your buck if you if you’re looking to give your place a makeover. Light, neutral colors are great for staging. If you’re really tight on cash, opt for touch-ups or pick key walls in high-traffic areas to repaint.


Make tiny upgrades that make a big difference


Make your home feel fresh and new on the cheap with some inexpensive updates to hardware, lighting, and faucets. Even new outlet plate covers, vent covers, and kitchen cabinet hardware can give your place a facelift. You don’t even need to buy anything fancy – just shiny and new.


Decorate on a budget


Some simple décor updates can have a surprisingly effective impact on the way buyers view your home. Replace your old, boldly colored shower curtain with a cheap but tasteful curtain. Cover up stained or old couches and chairs with affordable slipcovers. Add some homey cushions to the living room. Just remember to keep things neutral – it’s not the time to express your unique personality! Save that for your new home.

While redoing your flooring or putting in new kitchen cabinets would be ideal, it doesn’t have to take much money to give your home a makeover and make it appealing to buyers. With a little time and creativity, you can turn your soon-to-be-sold home into a beautiful space and have some fun while you’re at it. Good luck with your move!


This post is intended for informational purposes only and should not be taken as professional advice. The point of view and opinions expressed in this post are those of the author and do not necessarily reflect the position of Realty Executives International. This guest post was written by PODS®. PODS® makes moving and storage more convenient and less stressful through its innovative solution of delivering a level container and providing the customer all the time they need to load and unload their container.
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To maximize your sale price, you need to make sure your house is available to buyers. Even when they want to visit at an inconvenient time with little notice.


Keeping your home show-ready around the clock can be stressful, but we have a few easy tips and tricks to make sure your house always shows its best (even on short notice).


Take care of the Deep Clean before the house hits the market


Before officially listing your house for sale, invest in a deep clean. Taking the time to thoroughly scrub the house before it hits the market will make it much easier to maintain day-to-day throughout the listing period.

And this deep clean goes beyond cleaning. Yes, you want every visible surface to shine, but there are a few more steps to take at this stage to make the house truly show-ready.  


Like decluttering and depersonalizing. Removing all the clutter helps the house to appear larger and more inviting. And removing personal items like family photos and unique collections will help potential buyers to feel more at home in the space. And the more at home they feel, the more likely they are to make an offer!


Squeeze in a quick straightening every morning


To maintain the show-readiness of your house, you just need to spend a little time straightening up each morning.


Stylish storage bins are the perfect tool to make this process quick and painless. Daily life clutter like toiletries, mail, and kids’ toys can be tossed in a bin and instantly hidden from sight.

After that, just run through the house quickly to make sure that:  

  1. Dishes and laundry are put away
  2. The beds are made
  3. Curtains and blinds are open to let in the light
  4. The house smells fresh
  5. Everything is generally in its place

Plan to be away from the house during showings


Buyers generally aren’t able to feel at home when the sellers are present. Give your potential buyers the freedom to relax in the house and imagine themselves living there by staying away from the house during showings.


This includes pets. Many people are afraid of animals. And many others have pet allergies. Even if your potential buyers love animals, your pets may actually hurt your prospects by distracting the buyers when they should be focusing on the house.


Create a plan to get everyone out of the house with little notice. Make a little “go bag” with everything you‘ll need to keep yourself, your kids and your pets away from home for a bit. Maybe do some shopping or enjoy some time at the park while the house is being shown.

 

If you work away from home, you might want to make workday arrangements for kids and pets. Perhaps they could stay with family or go to daycare so you won’t have to leave work to round them up if there’s a short-notice showing.


Keeping your house show-ready 24/7 may require a little extra time and effort. But these tips will minimize the inconvenience and maximize selling potential. Plus any hassle will be worth it when your house fetches top dollar because it shows well!


This post is intended for informational purposes only and should not be taken as professional advice. This post was written by Michelle Clardie. Michelle is a professional real estate blogger, specializing in ghostwriting Realtor® blogs. Her engaging content helps real estate agents become more visible online, generate more qualified leads, and increase their revenues. You can learn more at www.michelleclardie.com.

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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez **



First quarter sales up 6% over 2018
 
WINNIPEG – Spring is a time of optimism, when we cast off winter’s gloomy grip and walk cheerfully into the warm sunshine. This renewal of energy is apparently being reflected in local housing sales for the beginning of 2019 in the Winnipeg METRO Region.
 
First quarter sales are off to a good start. The 2,367 sales transacted in the first three months show a 6% increase over the same period in 2018, and only a 3% dip from the record-setting years of 2016 and 2017. Similar to sales, there is a 6% rise in year-to-date listings with more than 5,400 entered on the MLS®. Dollar volume of close to $700 million is up 7% from 2018.
 
March sales of 1,009 resulted in nearly a 4% gain in comparison to March 2018, while dollar volume of just under $300 million edged out last March by less than 3%. The 4,212 active listings sitting in inventory at the end of March are 8% higher than they were at the same time last year.
 
 “The solid first quarter sales activity is a positive momentum builder going into the busier spring market,” said Kenneth Clark, president of WinnipegREALTORS®. “No interest rate hikes are on the horizon, and buyers know PST relief is coming July 1 with all of the ancillary purchases that go with the purchase of a home.”

March single-family home sales activity was most active in the $300,000 to $349,999 price range and therefore supplanted the next lower price range of $250,000 to $299,999. March 2018 was the exact opposite and by a 45 sales margin. Now more than one in two single-family home sales occur over $300,000. It will be interesting to see if this will become the norm as the year progresses.
 
The shift in sales activity to higher price ranges is a gradual process in a stable market such as Winnipeg’s. Of note in March - when you compare it to last March - are the rural MLS® areas as a whole, which represented 26% of total single-family home sales, and saw its average sale price increase from $315,595 to $323,873. The northeast area of Winnipeg also saw a small bump up in its average sale price to $289,857, and a 17% increase in sales activity. These two developments alone help explain the upward movement in sales activity.
 
Condominiums sales were virtually the same as March 2018 with price range activity nearly a repeat of last year with percentage of sales under $300,000 being at 87% and 86% respectively. The most active price range was from $150,000 to $199,999 though this March captured 35% of total condo sales while March 2018 was less at 27%, owing to more activity in the lower price range from $100,000 to $149,999.
 
The average single family home sales price in March was $326,433, whereas the condominium average sale price recorded was $227,538.
 
“All markets are local and vary within, as illustrated by the difference in property type price range activity such as in single-family homes and condominiums,” said Clark. “The strength of our market is the many affordable choices and options available to buyers, and that will continue in 2019.”
 
Speaking of affordability, RBC’s March 2019 Housing Trends and Affordability Report shows that in both Saskatoon and Winnipeg you are better off owning an average-priced condo apartment than renting a two-bedroom apartment. 
 
The report also indicates Winnipeg’s market is very close to its long-term average aggregate measure of 29.6%, which is the proportion of median pre-tax household income that is required to
service the cost of mortgage payments (principal and interest), property taxes, and utilities based on the average market price of all housing types in any given market. 
 
This year’s federal budget increased the Home Buyers’ Plan (HBP) withdrawal limit from $25,000 to $35,000, and extended the HBP to those going through a marital breakdown so they can use their RRSPs to put towards a down payment on a home. These changes are effective immediately.
 
The federal government will also carefully monitor the federal mortgage stress test, given industry concerns over how these new regulations are unnecessarily creating unintended consequences on housing markets which are in balance - or even struggling - compared to overheated ones. 
 
“Be it changing market conditions within the various property types or new budget measures affecting housing, you should be calling your Realtor to keep abreast of what these changes mean as you try to better understand and navigate the housing market,” said Marina R. James, CEO of WinnipegREALTORS®.
 
Winnipeg’s housing market remains one of the more affordable in Canada, and along with the
recent changes to the HBP and PST, we have much to be optimistic about.
 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 1,975 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
 
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
 
For further information, contact Peter Squire at (204) 786-8854. 
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Spring is finally here, and that means it’s time for spring cleaning!


Here are some spring cleaning and organization tips to help you feel motivated and refreshed at the start of a new season.


List Your Priorities


First thing’s first: you should make a list of your goals and priorities for your home this season. Do you have enough time for a thorough, deep cleaning of your home, or do you instead want to target specific areas and rooms? Do you have a lot of things you need to donate or throw away, or are you focusing more on getting organized? List your spring cleaning priorities in order of importance so you can tackle everything as needed.

Put Away Seasonal Items


Before you start cleaning your home, it can be helpful to first put away the things you don’t need for this season. Set aside all of the winter items in your home so you can organize them and put them away since you won’t be needing them this spring. By putting away seasonal items, you can visualize your home as it will look in the spring without seeing any of the clutter that winter decor and items may have caused.


Do a Once-over of Each Room


As you get ready to clean and organize, you can go through each room one by one, assessing what needs to be done. Chances are, some areas of your home are in need of more TLC than others. As you go through each area, you can throw away anything that you know is garbage, set aside the things you want to donate, and make a more specific note of what needs to be organized.


Clean Larger Appliances and Furniture


Cleaning larger appliances and furniture can often be tiresome and eventful, but you could feel a great sense of accomplishment after you tackle these time-consuming chores. Cleaning the fridge and stove, vacuuming under large items like the sofa and dining table, and giving bulky furniture pieces a good dusting can almost instantly breathe new life into your home. Bonus points if you dust your blinds and have your curtains washed!

Organize Your Fridge, Pantry, and Other Storage Areas


If you want to take spring cleaning as an opportunity to get organized, start with the areas of your home that you frequent the most: your fridge, pantry, and other storage areas. In your kitchen and bathroom, move the items that will spoil or expire sooner toward the front, along with anything you are frequently using. You can also purchase drawer or cabinet organizers so and label your shelves or storage bins to encourage you and your household to continue to keep organized. Organizing the areas you access most often may even inspire you to tackle the areas of your home that you may tend to forget about, or even the ones that may overwhelm you, like your closet.


Don’t Feel Pressured


Finally, don’t let the idea of spring cleaning cause you to feel pressured or overwhelmed. Cleaning and organizing your entire home can often be a stressful task, so it’s important to recognize when you need a break. If spring cleaning is overwhelming to you, tackle each area or item one by one, or recruit a friend to help you in the process. You can even get the whole family involved to make spring cleaning feel less like a chore that you are doing all on your own. Remember that you are in control of your home.


This post is intended for informational purposes only and should not be taken as professional advice. The point of view and opinions expressed in this post are those of the author and do not necessarily reflect the position of Realty Executives International. This post was written by Bailee Abell. Bailee Abell is a writer born and raised in California. A graduate of University of California, Santa Barbara, she loves reading classic literature, sipping warm beverages, and visiting theme parks every chance she gets. Find her at baileeabell.com

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Home renovations offer the perfect opportunity to upgrade the functionality of your home, in addition to modernizing the design and feel of your space.


Here are five clever features you should consider including in your next renovation to elevate your home’s functionality.


1. Smart Systems


Today’s homes are smart. They incorporate technology to make our lives safer, easier, more energy efficient, and more enjoyable.

If you’re renovating, you’d be wise to include a smart system that can handle these tasks for you:


  • Lighting: Lights on a motion sensor can save on energy usage, and lights on automatic timers give the impression that the home is occupied even while you’re away on vacation.
  • Heating and air: Smart thermostats allow you to automate the temperature in your home and even control it from your phone. You can give the HVAC system a rest while you’re at work during the day, then turn it on remotely so the house is the perfect temperature when you arrive home.  
  • Multimedia: With voice activation, you can turn on your sound system, video call family, or start your favorite TV show by just stating orders out loud. Your house is at your command.
  • Home monitoring: Security cameras, noise detectors, and motion sensors can all be installed to help protect your home. Smart monitoring systems can send you a text alert if a potential problem is detected.

Smart systems have you covered!


2. Walk-In Showers


Not only do walk-in showers look sleek, but they are also a smart safety feature.

Many at-home falls happen while climbing out of slippery tub/showers. Walk-in showers dramatically reduce this risk by eliminating the need to climb over a wall every time you get in and out of the shower.


3. In-Wall Pest Control


If you’ll be opening up your walls, make a little extra investment in in-wall pest control.

In-wall pest control uses a network of small cables running through the walls to distribute pest control chemicals throughout the structure. Just spray the chemicals into the network entrance points regularly to maintain a pest-free home.  

  

4. Pull-Out Cabinets


Pull-out cabinets are a genius solution for homes with limited counter space. These cabinets tuck neatly under your existing counters, looking like standard cabinets. But when you need a bigger work surface, you can roll these cabinets out and use the finished tops to extend your counter space.

And these are ideal for more than just kitchens. You could also use pull-out cabinets in your home office, garage, and hobby room!


5. Clever Storage Spots


Traditional builds often leave some space wasted. Which is a shame because we all need more storage. Take a few notes from creative tiny-house builders who know how to maximize storage space:

  • Install pull-out drawers for shoe storage under the staircase where the space is too short to store much else.
  • Create a raised platform in the playroom so you can store lots of the toys in the space between the existing floor and the new platform floor.
  • Add baseboard drawers under kitchen cabinets to store thin items like baking trays, muffin tins, and cooling racks.

Don’t just settle for a more pleasing aesthetic with your next home renovation. Use these tips to improve the function of your home at the same time!


This post is intended for informational purposes only and should not be taken as professional advice. This post was written by Michelle Clardie. Michelle is a professional real estate blogger, specializing in ghostwriting Realtor® blogs. Her engaging content helps real estate agents become more visible online, generate more qualified leads, and increase their revenues. You can learn more at www.michelleclardie.com.


 
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If you’re a gardener, or at least want to be one, there’s no time as amazing as early spring. This is when your plants are starting to wake from their long winter’s sleep. The white snow and frost flowers are giving way to green grass and emerging vegetation that seems to multiply like magic day after day.

Although a lot of people sit back and wait for their plants to do whatever it is that they do in early spring, others, like you, are eager to help them be all they can be this year.

The Results of Minimum Plant Care

Many homeowners just let their plants come and go as they please. Usually, they’ve inherited the vegetation from the former owner and have little interest in gardening. It’s ok, it’s not for everyone. But, due to this minimal care for the plants, many varieties will start to die off from neglect. A slow death is still a death.

Obviously, you’re looking to do a bit more to help your plants get off to a good start. Because of this, your landscape will be healthier, live longer and produce more ornamental flowers than those of the neighbor who would have preferred a lot of grass and no plants to tend.

First Thing’s First, Reduce Your Plant’s Risk of Early Season Fungus

There are varieties of herbaceous perennials like bananas, cannas and elephant ear that can survive the winter in many climates if they’re tucked in under a layer of organic mulch that’s two to four inches deep. While mulch protects them from drying out or freezing to death when it’s cold, once these types of plants start to grow in the spring, that life-saving mulch can become a real enemy.

It’s vital that you pull back the mulch from your plants every few days to check for green growth above ground. Once you see it, hollow a moat out between the plant and the mulch. Make sure no mulch is touching the new growth and that the moat you’ve scooped is about two inches wide to allow for further safe development.

Several opportunistic fungi will take advantage of young, green growth that’s constantly touching something moist, like that mulch. There’s a fine line here, tread carefully.

Soil Testing and Amendment

If you have a garden plot and failed to fertilize it in the fall, now is the time to get to it. As soon as you can work the soil, take several samples and either use a home test kit to determine the condition of the soil or have them analyzed by your local university extension’s lab. The extension tests are generally around $10, but the cost varies by location.

Either way, you’ll have some kind of indication about the condition of your soil, as well as what you can do to fix any problems. For example, you may find that your soil is low in nitrogen, a vital nutrient for plants that grow a lot of leaves very quickly, like your lawn. In this case, you’ll follow the instructions for feeding the type of plant you intend to place in the tested area, using a precise amount of fertilizer, so as not to encourage long, spindly growth in those eager plants.

The same applies to other types of fertilizer, including balanced fertilizers like 10-10-10 and 15-15-15. Most established perennials are fine with fertilizer that’s mixed into the top two to five inches of soil, but always check before you get too wild with it. A few species may have unusual reactions, including but not limited to developing an overall burned or wilted look due to root destruction. Never apply more fertilizer than necessary due to the risk of runoff and pollution of waterways.

Turn the Sprinklers On!

Once the nighttime temperatures are consistently above freezing, you’re ready to turn the water back on. Your plants will appreciate the long, deep drink and you’ll be happy to not have to water each one by hand. Remember, when turning irrigation systems back on after being drained, do so slowly. Opening the valve too quickly can result in a high-pressure water surge that can rupture sprinkler heads or burst fittings.

Be prepared to turn the system back off if a surprise freeze creeps on, but waiting as long as possible to get the irrigation started again is also a fairly safe bet.

Check for Signs of Insect Infestation

As your plants start to bud, you’ll be able to tell if they’ve developed any problems during the winter. Generally, these are caused by insect infestations, but in ornamental and fruit trees, a whole range of fungal invasion is also likely.

Small holes in the trunks of trees and shrubs are likely caused by boring insects like clearwing moths, which spend most of their life cycles inside the plant. This makes them very hard to get rid of and often results in the hollowing of the interior of limbs and branches. Those hollow branches pose a major risk to anyone walking below, as they can reach a point where they are no longer structurally sound and suddenly break away from the tree.


Written By: HomeKeepr

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