Increased housing inventory continued in the second quarter for the North Kildonan neighbourhood. Even though more homes were available for home buyers the North Kildonan area remained to be a seller’s market. Here is an overview of the North Kildonan real estate activity for the second quarter, by the numbers:
Homes sold in North Kildonan Q2, 2014: 112
Homes sold in North Kildonan Q2, 2013: 92
Sales to listing ratio Q2, 2014: 133%
Sales to listing ratio Q2, 2013: 122%
Average days to sell Q2, 2014: 16
Average days to sell Q2, 2013: 17
Average sales price Q2, 2014: $306,800.00
Average sales price Q2, 2013: $299,800.00
Expert opinion: The real estate activity for North Kildonan the past three months was quite strong. The neighbourhood performed much better compared to the overall real estate market statistics for the City of Winnipeg. Historically the second quarter is the best three months of the calendar year for the local real estate market. Home equity had a gain of two percent versus property values for North Kildonan in 2013. As had been predicted earlier this year the second quarter for North Kildonan real estate did not disappoint.
Looking into the hazy crystal ball for the next three months I predict a continued strong real estate market for North Kildonan. Low interest rates, stable employment and buyer demand are the reasons North Kildonan real estate should remain healthy over the third quarter.
Planning on selling, buying, or investing in real estate this year then hire the services of a real estate professional. If you wish to stay current with the North Kildonan real estate market please opt to follow this blog page. For your real estate needs, call Rolf Hitzer with Royal Lepage Top Producers at 204-989-6900. Or, email email@example.com.