Resale homes market sees third-highest December sales volume
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 12/01/2016 (3591 days ago), so information in it may no longer be current.
Last month was one of the busiest Decembers on record for Winnipeg’s resilient resale-homes market.
A total of 642 properties changed hands through the local Multiple Listing Service (MLS), according to year-end data released today by the Winnipeg Realtors Association (WRA).
Not only was that a four-per-cent improvement from the final month of 2014, it was also the third highest December sales total in the WRA’s history.
The strong finish boosted MLS sales for the year to 12,927 units, which was a 0.7 per cent increase from 2014’s total of 12,838.
The dollar volume of sales also hit a new high in 2015, reaching $3.5 billion. That was a two-per-cent increase over the previous record set just a year earlier.
“It is really quite remarkable how close our year-end sales have been in the last few years including our highest sales year in 2007,” said outgoing WRA president David MacKenzie.
“They all tend to hover just above or close to the 13,000 level and in percentage terms we are only talking a little over one per cent when we compare the 12,927 sales recorded this year to the 13,079 in 2007.”
This year’s strong sales activity was fuelled by a combination of low interest rates and a wide selection of properties from which to chose. A total of 24,603 properties were listed for sale during the year on the MLS, which was seven per cent more than in 2014 and 41 per cent higher than the 10-year average of 17,433.
“Buyers are in a great position to take advantage of a current market which is providing a large number and array of properties for sale and ones which remain some of the most affordably priced in the country,” Mackenzie said.
Mackenzie said sellers also need to be aware that “more competition for those sales creates more downward pressure on prices, since supply is outstripping demand.”
The association said the average selling price for a detached home in 2015 was $293,992. That was a two per cent increase from a year earlier. The average selling price for a condominium, however, declined by one per cent to $236,204.
— Murray McNeill