I am always fascinated how neighborhood real estate activity can change so quickly. Of course, when change is consistent in real estate activity, we can call it a trend. North Kildonan Real Estate has one primary goal when it comes to your neighborhood property values. And that is to keep you informed and current with how the moving real estate market will affect what your home will be worth. Here is the North Kildonan real estate market, by the numbers:
Active listings, November 2013: 21
Active listings, November 2012: 23
Synopsis: This is the first month since August where the active housing inventory listed for sale was less than one year earlier. Historically, November and December are the least active real estate months of the year for the Winnipeg residential home market.
New listings for the month, November: 12
Homes sold for the month, November 2013: 24
Homes sold for the month, November 2012: 15
Synopsis: A sixty percent increase in homes sold in North Kildonan versus 2012. Bravo! Good to see this positive bounce for our local real estate market for November.
Sales to listing ratio, November 2013: 109%
Sales to listing ratio, November 2012: 76%
Synopsis: Incredible and more good news for the North Kildonan neighborhood real estate market. November continues to shine with our housing statistics.
Average days to sell, November 2013: 30
Average days to sell, November 2012: 26
Synopsis: For the month, it took ten percent longer for a residential home to sell in North Kildonan. Again, a reflection of current market timing.
Number of homes sold above asking price: 2
Synopsis: This is the only North Kildonan neighborhood statistic that represented a major decline since August. Less than ten percent of the homes sold in North Kildonan was above the asking price when entering the real estate market. There is industry speculation going into 2014 where the Winnipeg real estate market may be shifting towards a more stable environment. I will be watching this next year’s real estate trends with keen interest.
Average sales price, November 2013: $300,695.00
Average sales price, November 2012: $255,511.00
Synopsis: Home equity for residential homes increased by eighteen percent in November for the North Kildonan real estate market. The rise in average sale value is a direct reflection of homes in a higher price range being more active and that had sold for the month. This is a good sign for the over three hundred thousand price range of homes in North Kildonan. Recent months these residential homes were sitting on the real estate market with low buyer interest. A welcome change this past month for North Kildonan home owners.
Lowest sales price for the month: 378 Edison Avenue
Highest sales price for the month: 4 Uxbridge Road S.
Expert opinion: We all know one month does not make a year. It was refreshing to see the brisk real estate market activity in North Kildonan. Especially for the higher priced housing inventory for our neighborhood. If you do plan on selling your home over the next sixty days; please take into account for our time of year in our Province with the holiday season approaching. Not just December, but also in January when many
take a vacation to tropical destinations.
Seek the help of a real estate professional because it can make a difference in your favor, and moving success. Want to remain current on North Kildonan real estate and how the changing market will impact you financially? Then please follow along on this blog page and sign up for automatic emails delivered to you in real time. Have a thought? Or, an opinion on the North Kildonan real estate market? I welcome you to post your thoughts, comments, or questions. For a complimentary real estate consultation when planning to buy, sell, or invest in North Kildonan real estate; I can be reached at Royal Lepage Top Producers, 204-989-6900 and ask for Rolf Hitzer. My email address is email@example.com.