14°c Light rain
Winnipeg Free Press - ONLINE EDITION
Luxury home sales in Winnipeg slow down
WINNIPEG — Winnipeggers aren’t snapping up luxury homes — properties priced at $500,000 or more — with the same zeal as last year, according to a new report from Re/Max.
The real estate firm said 10 fewer luxury homes sold in the city during the first three months of this year than in the first quarter of 2011 — 58 versus 68 — for a percentage decline of 15 per cent.
That bucked a trend which saw luxury homes sales rise in 13 of the 16 Canadian cities surveyed by the company.
Re/Max said there’s clearly an appetite for luxury properties in Winnipeg. It noted the most expensive detached home to sell during the quarter — a house on Wellington Crescent that sold for $975,500 — and the most expensive condominium to change hands — a unit, also on Wellington Crescent, which sold for $525,000 — both attracted multiple offers.
However, buyers were being exceptionally discriminating, it said, with most opting to spend no more than $550,000.
However, the company predicts the pace of sales will pick up as the year unfolds, and finish either on par or slightly ahead of last year’s level. It didn’t say how many luxury homes sold in Winnipeg in 2011.
murray.mcneill@freepress.mb.ca
More Latest News
- Back to Top
- Return to Latest News
More Latest News
(1 of 41 articles for today)
Tornadoes from huge Midwest storm system level homes in Oklahoma, cut power in other states
9:09 PM 0
Poll
Most Popular Latest News
- Head-on collision kills pickup driver
- The end of the credit card?
- Country music goes to pot
- Police make grow-op bust
- Phone cracked? Cool
- Fire damages St. Vital home
- Accused in alleged smartphone scam charged
- Two charged in golf course burglary
- Police identify slaying victims
- Second man charged in 2012 slaying
- Seattle man dribbling soccer ball to Brazil killed by car on Oregon Coast
- Aboriginal leader Elijah Harper dies
- News of city's $17-million winner leaks out on FB
- Woman killed in head-on crash in southwestern Manitoba
- Horrific crash kills minivan driver near Brandon
- Charleswood deaths being investigated as domestic incident
- Crushing blow for amateur sport
- US woman credits 'mother's instincts' in chase of 4-year-old daughter's abductor
- Flood victim gets six years for shotgun threat, attack
- Province removing red tape in alcohol sales
- Seattle man dribbling soccer ball to Brazil killed by car on Oregon Coast
- Driver crashes into tree near golf course
- Arrests made after raids on local head shops
- Aboriginal leader Elijah Harper dies
- News of city's $17-million winner leaks out on FB
- Passengers from diverted flight to leave Winnipeg Thursday night
- No threat from bag found at Winnipeg Square
- Susan Griffiths dies in Switzerland
- Woman killed in head-on crash in southwestern Manitoba
- Hundreds pitch in to dig out houses damaged, destroyed by Ochre Beach ice floe
- Two charged in golf course burglary
- Phone cracked? Cool
- The end of the credit card?
- Katz bogeys again
- Aboriginal leader Elijah Harper dies
- An uncommon phenomenon
- Marsh Madness: Photographers Fred Greenslade and Joe Bryksa capture spring migration's grandeur at Delta Marsh
- U.S. bill would give Canadian snowbirds more time to spend in the sun
- Guitar-playing astronaut bows out of space station with music video of Bowie's 'Space Oddity'
- Microsoft update to address Windows 8 complaints, confusion will be free; to be called 8.1
- Horrific crash kills minivan driver near Brandon
- Uganda: Blessed are the children
- Winning 6/49 ticket purchased in Winnipeg
- New website profiles neighbourhoods of Winnipeg
- Aboriginal leader Elijah Harper dies
- Dogs can experience separation anxiety and depression just like humans
- Paul McCartney to play Winnipeg Aug. 12
- Ontario steps in to help save ELA
- Saskatchewan professor wants to test the health benefits of nose-picking
- 'Revenge of the redheads': Ginger-haired Montrealers gather in celebration
- An uncommon phenomenon
- RCMP charge man with double-homicide in Ethelbert
- Passengers from diverted flight to leave Winnipeg Thursday night
- Hundreds pitch in to dig out houses damaged, destroyed by Ochre Beach ice floe
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.