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