Local

Winnipeg Free Press - ONLINE EDITION

Winnipeg home sales hit record $3-billion mark in 2012

By: Staff Writer

Posted: 01/7/2013 8:59 AM | Comments: 0 | Last Modified: 01/7/2013 9:24 AM | Updates

According to year-end figures released Monday morning by WinnipegREALTORS, Winnipeggers spent a record $3.2 billion buying 13,007 homes in 2012. (JONATHAN ERNST / REUTERS ARCHIVES)

Last year was a good time to own a moving company.

According to year-end figures released Monday morning by WinnipegREALTORS, Winnipeggers spent a record $3.2 billion buying 13,007 homes in 2012. That marks just the second time the city’s resale home market topped the $3-billion mark in sales in its 109-year history.

The number of homes sold was down slightly from the 13,065 that changed hands in 2011, but that didn’t bother Shirley Przybyl, outgoing president of WinnipegREALTORS.

"To finish as well as we did given tighter mortgage regulations and regular national media calls for softer real estate markets, it is testimony to the resiliency of the greater Winnipeg real estate market and our Manitoba economy in general," she said.

Sales in December were down slightly from a year ago, 615 compared to 698, but they were still five per cent above the 10-year average for December. The dollar volume for the month was $156.2 million, down 14 per cent from $182 million from a year earlier.

The average amount of time on the market for residential detached homes last year was 28 days, just two days longer than the record pace set in 2011.

The highest sale price last year, set in December, also set a new record at $2.2 million. At the other end of the spectrum, the lowest price paid for a property was just $8,000.

History

Updated on Monday, January 7, 2013 at 9:24 AM CST: Adds photo

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.

* Required

In which story did you find the error? *
Please post the headline of the story or the title of the video with the error.
What was the error? *
Please post exactly what was wrong with the story.
What should we have written?
Please indicate your source for the correct information.
Who else should we interview to improve this story?
Please include any contact information you may have.
Can we contact you in the future for advice on stories about this topic?
Yes

No
First Name: *
Last Name: *
E–mail Address: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Phone: *
This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.
Colour:
Are you blue? If you can see this, leave it blank and get some CSS support.
Enter the words that you see: * This is to prevent our forms from being filled out automatically.
You have failed to correctly identify the words in the box above. Please try again.

More Local

Undock

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.