Hi everyone:

As we do every month, Winnipeg REALTORS® have issued their monthly real estate market update on MLS® statistics regarding the sales and listings of houses and condominiums in Winnipeg for September 2010.

[caption id="attachment_1191" align="alignright" width="240" caption="Photo by ryemang's photostream on Flickr"][/caption]

As always, these statistics cover the sales and listings for the entire south-east area of Manitoba, including Winnipeg, Steinbach, and all towns and rural areas in this vircinity. For a look at my own real estate market update of Winnipeg-only, see this Real Estate Market Update Video.

For the month of August, 2010, Winnipeg REALTORS® report that sales were down 12% when compared to August 2009, and dollar-volume was off 5%. Overall, however, dollar volume for the year was up 11% to this point, when compared to 2009. As well, the numbers of listings entered onto MLS®, at 14,843 so far, was up 15% when compared to the same time in 2009.

As usual, the most active segments of the market were homes in the $150,000 to $199,999 range, and the $200,000 to $249,999 range, which had 22% and 21% of the market, respectively. This is to be expected, as these usually represent the price ranges for 'first time buyers', who are after all the driving force behind the Winnipeg Real Estate Market.

Days on Market, which measured the time it take to sell a home, for residential detached homes was at 30 days, which is equal to August 2009, and 2 days slower than July this year. Of note is the fact that homes in the $150,000 to $200,000 range sold in only 20 days. Condominiums are still an excellent alternative for the first time buyer.

As for condominiums, the most active price ranges were in the $150,000 to $199,999 range, followed by the $100,000 to $149,999 range at 33% and 27% respectively. Average days on market for condos was 34 days, which is 3 days slower than July, but 6 days faster than August 2009.

For a complete look at the press release, click on Press Release 09-09-10 August 2010 MLS Statistics

If you're thinking of buying or selling a house or a condo in Winnipeg, call Bo Kauffmann of Remax Performance Realty for a realistic market evaluation. Call 204-333-2202 today.

Hi everyone:

I just came across an excellent resource for mortgage rate, interest rate, insurance rate and credit card rate information. Check out the blog at ratesupermarket.ca

This site features input by some very impressive contributors. While NO ONE can predict interest rates with 100% accuracy, being able to draw on the experience of some of the countries top mortgage experts gives ratesupermarket a nice advantage in this effort.

The site blog includes categories such as Mortgage Tips, Housing Market, Real Estate and dozens of others.

This month's Mortgage Rate Outlook predicts that fixed rates are expected to remain the same, 'with downward bias', and variable rates are also expected to remain the same.

This continues to be an excellent time to purchase a house or condo in Winnipeg. Inventory levels are up slightly, and due to summer vacations, buyer activity is down a little, meaning that your chances of finding and actually getting a house are increased.

If you're looking to purchase a home (house or condo) in Winnipeg, please call me anytime. Bo 204-333-2202

Hi everyone: This has happened to me on a couple of occasions:  I meet with a new buyer for the first time, and we start to go over the buying process.  In this meeting, I explain what the market is doing, how best to write an offer, and generally discuss and describe the entire buying process. On more than one occasion, the buyer exclaimed:"We never knew THAT!".....  or, better yet: "Our LAST agent never explained THAT." In speaking to them further, I learn that they had been receiving listings from another agent, gone out to look at a few houses, tried to put in an offer and were promptly 'blown out of the water' by other, better prepared buyers.  So here is my point : FINDING a house or condo is the easy part.  The listings are out there, on MLS®, in magazines and newspapers and on the internet.  But FINDING is only a small part of what I do....  the key is in the PREPARATION.  To be blunt: We're not buying a pair of pants, a book or a loaf of bread.  We ARE about to invest hundreds of thousands of dollars into the real estate market, and we're doing it at a time when there is heavy competition for the same house we want to buy.  Being PREPARED is key to winning these multiple-bid situation. I have created a "Home-Buying Brochure" which helps my house and condo buyers understand the process.  A PDF version of this brochure is attached here for your information.  I do hope you find it helpful.  If you have any real estate related questions or comments, please call me anytime.  And of course, if you're looking to buy a house or condo, I'd love to help you FIND and GET the home of your choice. Click here to download your Free Guide:                          Bo's Home-Buying Guide

Hi everyone:

As a real estate agent, I receive many requests to "Send Me Some Listings". Many of my competitors are putting out ads that say "Call me for the latest listings", and it seems that the average house and condo buyer believes that this is all an agent does. In my humble opinion, FINDING the listings is just a small part: I think that PREPARING an EDUCATING the buyer to compete in today's market is far more important. This is also a reason why several buyers have recently come to me after working with other agents and seemingly getting nowhere.

Here is my list of 7 Reasons Why a house or condo buyer in Winnipeg should be working with their own agent!

1) Save Time

As their agent, I can show ANY listing to my buyer. Whether it's Re/Max®, Century 21®, Royal LePage® or any of the 180-plus brokerages in Winnipeg.

2) Save Money

Often, I may be able to save my buyer money when it comes time to make the offer. I may have valuable information regarding the listing of their choice, which can help the buyer make an informed decision.

3) Convenience

Every call a Listing Agent and wait for hours for a call-back? And then make the appointment according to the agent's schedule? By working with me, my buyers enjoy direct access, quick callback and convenient showing scheduling.

4) I Represent My Buyer

Did you realize that the Listing Agent works for the Home-Seller. Doesn't it make sense to have your own REALTOR® working for you?

5) Get Results

There are ways to win these "Bidding Wars", and yes, even ways to avoid them in the first place. Let me show you how.

6) Get the "Straight Goods"

You may not always like the answers, but you're gonna get 'em.

7) My service is Free

That's right. No gimmicks. In every case, the Home-Seller has already set aside the amount for a Buyer's Agent.

So if you're thinking of buying a house or a condo, please call me anytime. I'll make certain that you're prepared for the market, and represent you every step of the way.

Hi everyone:

In this crazy time of bidding wars (especially on entry-level houses) a first time buyer might consider purchasing a condominium for their first home. In fact there are many great reasons to buy a condominium, not just for a first time buyer. To see a list of reasons, read 7 Reaons

With 700-sq-ft bungalows selling in the south end of the city for over $200,000, there are a number of condominiums available for prices perfect for the first time buyer. To find out a little more, read Condos between 120K and 180K

As an example, an 800 sq ft apartment style condominium, with upgraded kitchen, bath, flooring, new appliances and much more, sell for approximately $160,000. And 1100 sq-ft townhouse condos, with c/air and insuite laundry can be purchased for approximately $165,000 to $170,000.

As an added bonus, although condominiums sometimes do receive multiple offers, these situations are far more rare, making condominiums an excellent choice for the first time buyer who need to put financing conditions into their offers.

Are you looking for a house or condo in Winnipeg, and considering purchasing a "Private Sale? Here is a recent example of what happened, and a very good reason why buyers should be working with a REALTOR® when shopping for a new home

Home Buyers in Winnipeg have a new tool at their disposal: REALTORS® use the Keystone-Matrix system which is a huge help for home buyers. There are several neat features in this system.... Here is a look at one of those features.

Here are some of the most common questions Home-Buyers have:

Q: Whats the best way to FIND a house in Winnipeg? Go to Open Houses? Looking thru real estate magazines? Search individual agents websites?

A: Magazines are often published once a month, or perhaps once a week. By the time a listing makes it into print, it's most often already sold or accepting offers. Open Houses can be very hectic, and you end up 'rubbing elbows' with lots of other visitors. The Best Way? Work with one REALTOR® who can show you ALL the listings. Someone like, say, me for example. Watch this video.

Q: Why should I work with a REALTOR®. I can find the houses on my own!

A: FINDING them is just a small part of what real estate agents can do for you. Once you find a nice house, I can help you evaluate it, offer advice on how to structure your offer to make it more acceptable (thereby winning any possible bidding war), and I can even help you get pre-approved by a great lender. Please watch this video.

Q: My checking account is with a bank. Can't I just go there to be pre-approved?

A: In this fast market, every buyer knows that pre-approval is required, so EVERY buyer already does that. It's no longer sufficient just to be pre-approved, its actually more important to be pre-approved by the RIGHT lender. To find out HOW you do that, watch this video. .

I update this Blog on a regular basis, adding new listings, market updates, news and interesting (well, at least I think they're interesting) pieces of information. You can make sure that you receive the posts by two ways: Subscribe to the RSS (check the toolbar along the bottom of the screen) or fill in this form and you'll get the latest blog posts via e-mail, once a week.

Hello Everyone:

Winnipeg REALTORS® have just released their official MLS® sales statistics for the sales during the month of February 2010. Sales and dollar-volumes are up, kept in check only by the lack of 'inventory' on the market.

For dollar volume, for example, this February saw the highest sales-amount for ANY February on record. The $150 million dollars sold surpasses the previous February Record, set in 2008, by a whopping 9%.

Furthermore, 44% of homes sold for "Above List Price", while coincidentally another 44% sold for less than list. (Call me anytime for a one-on-one personal explanation to this statistic). While the number of homes sold in February (712) is lower than past years, this is attributed to the fact that there are not as many listings available. Adding a personal observation, I know several clients who are just in the process of 'fixing' their homes and getting them ready, and I feel that this 'lack of inventory' is coming to an end fairly soon.

The average days on market is down to 29 day, for both houses and condos.

Speaking of Condos, 3/4 of condos sold were in the 150K to 200K range.

For a look at the press release, go here: Press Release for February 2010 MLS sales