Hi Everyone:

I wanted to send out a quick report on the condominium situation in the south end of St Vital. I had recently noticed that there is a shortage of good quality condo listings in the south end, a factor which helped on of my recent listings sell for significantly over the asking-price.

Currently, in the south St Vital area, there are only 14 condos listed for sale, ranging in price from the low end of 575 sq-ft condo on Arden at $119,900 to a high-end, 1515 sq ft luxury condo at The Waterfront for $450,000.

During the month of June 2010, this same area saw a total of 19 condos sold, ranging in price from $117,000 to a high of $356,000. Of these, 8 condos sold ABOVE list price, 7 sold BELOW list, and 4 sold AT LIST.

During July 2010, a total of only 10 condos were sold in south St. Vital, ranging in price from $145,000 to $400,000. Of those, 4 condos sold ABOVE list, and 6 sold BELOW list.

While 'ultiple offers' are more rare in condominiums, our current shortage of listings is helping to create a situation where sellers can expect good activity on their condos, listed on the MLS® by REALTORS®

If you're looking to sell your condo, in St. Vital or other areas of Winnipeg, please call me anytime for a realistic market evaluation, and a look at my Customized Marketing Plan for your Condo.

Bo 333-2202

Hello Everyone:I just wanted to give you a quick look at the real estate market in one of Winnipeg's upscale neighbourhoods:  Lindenwoods and Linden Ridge.Currently, there are only 12 homes for sale in this prestigious area, ranging in price from $359,900 to $874,900.  in the past 31 days, 10 homes have sold here, ranging from $365,500 to $820,000 in price.Looking back to the month of June 2010, there were 18 homes sold in Lindenwoods-Linden Ridge, ranging from $319,900 to $625,000.  Of those, 6 sold ABOVE list, 6 sold BELOW list and 6 sold AT LIST price.During the month of July 2010, we saw 21 homes sold, ranging from $320,000 to $820,000 in price.  Of those, 16 sold BELOW list price while 5 sold ABOVE list price, although in most cases, the difference was small.As expected, during the July (and probably for August as well), bidding wars do slow down.  Savvy real estate agents take this into account when setting the list price of the home, as they can no longer count on 'multiple offers', and are well advised to set a more realistic asking-price for the home.If you are looking to buy a home or condo in Winnipeg, please call me for a copy of my Home-Buying Guide, explaining the process of finding, offering on, and getting a home in Winnipeg.If you are thinking of SELLING your Winnipeg home or condo, call me for a straight forward, realistic market evaluation and a look at my Customized Marketing Plan for your home.Bo  333-2202

Hi everyone:

With approximately 1400 Real Estate agents in Winnipeg, home sellers appear to have a lot of choice when it comes time to sell their house or condo in or around Winnipeg. Some choose to go with an agent they've used before, perhaps even a relative or close personal friend. Some folks shop around for the lowest commission, but selecting a Listing Agent isn't the same as buying a pound of flour: All REALTORS® are NOT the same, and they don't use the same marketing plans. So when it comes time to list your Winnipeg house or condo, compare agents based on what they do for you!

Perhaps the biggest difference between Listing Agents is their Marketing Plans. The average agent is content to placing the home onto the MLS®, perhaps show it on their own website (assuming they HAVE a website) and advertising it in the local Winnipeg Real Estate News. Here is a graphic of what their plan might look like:

Average Agent Marketing Plan

I've always been taught: average efforts bring average results. The average agent sells 17 homes per year in and around Winnipeg, and the average Listing has a success rate of approx. 70% (give or take a point or two).

Now, with 80-85% of buyers starting their search on the internet, I personally feel that no marketing plan is complete without comprehensive Internet Promotions. My listings also go on the MLS®, into the Winnipeg Real Estate News and into my website, but my plan goes well beyond those points. Here's a look

My Marketing Plan for your Winnipeg Home

[caption id="attachment_1140" align="aligncenter" width="600" caption="Extensive Marketing Plan for your Winnipeg house or condo"][/caption]

I believe that when it comes to marketing your home or condo, 'more is better'. Some of my competitors have said "Achh, you don't need all that stuff, Winnipeg's market is hot and houses sell quickly". Keep in mind that 70% of houses sell...... which means 30% DON'T. By the time a home-seller discovers himself to be in that 30% group, it's usually too late to add "all that stuff"....   Like my dad always said "Better to have it and not need it, than to need it and not have it."

For YOUR market evaluation, call me anytime. Bo 333-2202

Hi everyone: With approximately 1400 Real Estate agents in Winnipeg, home sellers appear to have a lot of choice when it comes time to sell their house or condo in or around Winnipeg.  Some choose to go with an agent they've used before, perhaps even a relative or close personal friend.  Some folks shop around for the lowest commission, but selecting a Listing Agent isn't the same as buying a pound of flour:  All REALTORS® are NOT the same, and they don't use the same marketing plans.  So when it comes time to list your Winnipeg house or condo, compare agents based on what they do for you! Perhaps the biggest difference between Listing Agents is their Marketing Plans.  The average agent is content to placing the home onto the MLS®, perhaps show it on their own website (assuming they HAVE a website) and advertising it in the local Winnipeg Real Estate News.  Here is a graphic of what their plan might look like:

Average Agent Marketing Plan

I've always been taught:  average efforts bring average results.  The average agent sells 17 homes per year in and around Winnipeg, and the average Listing has a success rate of approx. 70% (give or take a point or two). Now, with 80-85% of buyers starting their search on the internet, I personally feel that no marketing plan is complete without comprehensive Internet Promotions.  My listings also go on the MLS®, into the Winnipeg Real Estate News and into my website, but my plan goes well beyond those points.  Here's a look

My Marketing Plan for your Winnipeg Home

[caption id="attachment_1140" align="aligncenter" width="600" caption="Extensive Marketing Plan for your Winnipeg house or condo"][/caption] I believe that when it comes to marketing your home or condo, 'more is better'.  Some of my competitors have said "Achh, you don't need all that stuff, Winnipeg's market is hot and houses sell quickly".  Keep in mind that 70% of houses sell...... which means 30% DON'T.  By the time a home-seller discovers himself to be in that 30% group, it's usually too late to add "all that stuff"....   Like my dad always said  "Better to have it and not need it, than to need it and not have it."

For YOUR market evaluation, call me anytime.  Bo  333-2202