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Five homes sold for over $1 million help propel MLS sales to record

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WINNIPEG — Five million-dollar-plus sales in May helped propel monthly MLS sales above the $400-million mark for the first time in the Winnipeg Realtors 109-year history.

"Some months you are fortunate to get one million-dollar-plus sale, so to have five in one month is atypical and indicative of strength in the luxury end of Winnipeg’s real estate market," the association said.

"You only have to go back 10 years when we considered $100 million monthly MLS sales to be a very good result...," said WR president Shirley Przybyl. "To think we now have achieved a new monthly milestone this month of over $400 million... shows just how much our market has evolved."

The most expensive May sale was a newer, 3,200-square-foot home in South Headingley’s Assiniboine Landing, which sold for $1.2 million.

It was among 1,605 properties which sold last month through the association’s Multiple Listing Service. That was the second highest May total on record, second only to May 2007’s 1,652.

However, the monthly dollar-volume of $411.4 million did set a new record, easily eclipsing the previous high mark of $350 million set in May 2011.

It was a 17 per cent improvement over the May 2011 dollar-volume total, while the unit sales were 10 per cent higher than May 2011’s 1,463.

The association said the surge in sales activity last month left unit sales running five per cent ahead of last year’s pace after the first five months of 2012 — 5,434 versus 5,144 — and the dollar volume running 12 per cent ahead — $1.33 billion versus $1.18 billion.

murray.mcneill@freepress.mb.ca

 

 

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