July may be one of the big vacation times in Manitoba, but there was no break for the North Kildonan real estate market this past month. Keeping you current with real estate information is my goal for the residents of North Kildonan. Here is the July North Kildonan real estate market, by the numbers:
Active listings, July 2014: 37
Active listings, July 2013: 33
Variance: There is an increase of active home inventory of 12% for the North Kildonan neighborhood. This compares to 29% for the rest of the housing inventory for Winnipeg in the month of July.
New listings for the month of July, 2014: 19
New listings for the month of July, 2013: 18
Homes sold for the month of July, 2014: 33
Homes sold for the month of July, 2013: 22
Synopsis: The overall Winnipeg real estate market had an increase of 7% in the number of homes sold in July. North Kildonan had a whopping increase of homes sold year over year by 33%.
Sales to listing ratio, July 2014: 97%
Sales to listing ratio, July 2013: 69%
Homes sold above asking price, July 2014: 10
Homes sold above asking price, July 2013: 9
Synopsis: Thirty percent of the homes sold in July was above the asking price. Meanwhile homes for the North Kildonan neighborhood sold 20% quicker this year.
Average sales price, July 2014: $301,700.00
Average sales price, July 2013: $298,800.00
Lowest sales price for the month: 243 Emerson Avenue
Highest sales price for the month: 81 John Huyda Drive.
Expert opinion: It was easy to predict last month the North Kildonan real estate market would continue to remain strong heading into summer, 2014. The numbers speak for themselves for the bullish market statistics for North Kildonan. More of the same is my continued expectation for August.
If you are 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.