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.

Real Estate Market Update report for Winnipeg in September 2010. Stats on listings and sold houses and condos in Winnipeg's hot real estate market

Here we take a look at how many homes are available on the real estate market in Winnipeg, and how many have sold in the past 31 days in Winnipeg. By combining these factors, we get a good idea of where Winnipegs Real Estate Market is heading.

If you're thinking of buying or selling a house or a condo in Winnipeg, please call my anytime. Bo 333-2202

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

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:

After issuing a market update for Lindenwoods I wanted to take a look at Whyte Ridge, another very popular Winnipeg neighborhood.

Currently, there are 9 homes for sale in Whyte Ridge, 8 of which are priced between 259,900 and $400K. The 9th home is over a million dollars.

In the past 30 days, a total of 9 homes have sold in Whyte Ridge.

For the 30 days before THAT, (between Feb 18th and March 18th), 7 homes sold in Whyte Ridge.

If you're thinking of selling a home in Whyte Ridge (or anyplace else in WInnipeg, for that matter), please call me for your market evaluation.

...and if you're thinking of buying a home or condo, in Whyte Ridge or other areas, please call me for a free consultation.

Bo 333-2202

Hi Everyone:

We've all heard about the 'bidding wars' or 'multiple offers' happening in Winnipeg. Its important to point out that the vast majority of these are happening in the 'entry-level' price ranges of between $150,000 and $250,000. It's easy to forget that right now, you CAN get some very nice homes in upper-scale neighbourhoods WITHOUT bidding wars. In fact, I feel that some of these homes are excellent value for the money. If you've been thinking of moving up to a larger home, here is some information for you:

Right now (mid-March 2010) there are 14 homes for sale in the Lindenwoods area, many having been on the market beyond their "Offers-On" dates, ..........so no bidding wars on these homes. These homes range is price from $329,900 up to $779,000.

Most interestingly, there are 7 homes in the $350K to $390K range, and some of these are well over 2000 sq ft. To receive a list of these homes, simply e-mail me at
boknowshomes@gmail.com

When you consider that smaller homes of approx. 700 sq ft can fetch a price of nearly $220,000 (without garages), it places some perspective on this matter. Add to this the fact that many experts believe interest rates may increase towards the middle of the year, NOW may be exactly the right time to move up to a larger home.

So if you've been thinking of moving up to a larger home in an upscale area, Lindenwoods or otherwise, please give me a call anytime. I'd love to help you find what you're looking for.

Call me anytime at (204) 333-2202 direct.

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