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

Hi everyone:

I'm happy to report that my buyer just purchased a condo at 193 Victor Lewis Dr in Lindenwoods.

If you're looking for a condo in Winnipeg, let's set up a meeting and find you a great condo in Winnipeg. Call me anytime.

Hello everyone:

These days, with 'bidding wars' all too common in the 'entry-level' price range of $150,000 to $250,000, condos are an excellent alternative for first time buyers. When 700-sq ft homes are selling for $220,000 (without garages), there are 1100-sq-ft condos with insuite laundry, central air, full appliances and more.... selling for $165,000.

Currently in the south end of the city, there are 46 condos for sale in the $120,000 to $180,000 dollar range, many of which are NOT subject to the 'multiple offers' that individual homes are receiving. If you're thinking of buying your first home, take a look at some of these condos. To receive a list of available units, e-mail me at boknowshomes@gmail.com