North Kildonan real estate market statistics, Q3, 2014.

81 John Huyda Drive.

81 John Huyda Drive.

Active and new listings were virtually at par compared to one year ago.  However, homes sold over this past third quarter did have an increase of thirty percent.  North Kildonan real estate was hot!  What struck me as odd was home equity only had a slight increase, less than half of one percent.  Considering the added number of homes sold property values held fast versus 2013 North Kildonan home values.  Here is an overview of the North Kildonan real estate activity for the third quarter, by the numbers:

Active listings Q3, 2014:  121

Active listings Q3, 2013:  117

New listings Q3, 2014:  60

New listings Q3, 2013:  62

Homes sold in Q3, 2014:  89

Homes sold in Q3, 2013:  63

Sales to listing ratio Q3, 2014:  78%

Sales to listing ratio Q3, 2013:  62%

Homes sold above asking price Q3, 2014:  18

Homes sold above asking price Q3, 2013:  27

Average days to sell Q3, 2014:  21

Average days to sell Q3, 2013:  21

Average sales price Q3, 2014:  $297,138.00

Average sales price Q3, 2013:  $296,434.00

Highest sales price Q3:  81 John Huyda Drive

Lowest sales price Q3:  222 Cheriton Avenue.

Expert opinion:  Despite the evolving housing market in Winnipeg making a shift towards balanced market conditions North Kildonan real estate remained strong and favoured home sellers.  Three months ago a bullish housing market had ben predicted for North Kildonan and the foundation for my opinion was low interest rates, stable employment and continued buyer demand for our neighbourhood..

Now we are headed into the slowest quarter of the year for the resale housing market.  It will be interesting to see if the North Kildonan real estate market momentum will continue to the end of 2014?

Planning on selling, buying, or investing in real estate then hire the services of a real estate professional.  Should you wish to stay current on the ever-changing North Kildonan real estate market; then 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 hitzer@aol.com.

North Kildonan Real Estate, September 2014.

229 Cheriton Avenue

229 Cheriton Avenue

106 Mitchelson Way

106 Mitchelson Way

The overall real estate activity for Winnipeg continues to shift towards a balanced real estate market.  This is confirmed with only fifty percent of the homes sold on the market in September throughout the city.  This represents the lowest sales to listing ratio over the past five years.  Let’s see how the North Kildonan real estate market performed in September, by the numbers:

Active listings, September 2014:  42

Active listings, September 2013:  47

Synopsis:  Resale housing inventory is down twelve percent compared to a year earlier.  It is also one of the few months this year where the listing inventory for North Kildonan is down versus 2013.  Meanwhile there was an increase of active homes for sale of twenty-one percent for the overall Winnipeg real estate market.  North Kildonan continues to have a more favourable real estate market.

New listings for the month, September 2014:  22

New listings for the month, September 2013:  27

Homes sold for the month, September 2014:  30

Homes sold for the month, September 2013:  19

Synopsis:  New listings are down twenty-three percent while home sales are up fifty-eight percent.  Although one month does not make a year; North Kildonan real estate remains exceptionally strong despite how the Winnipeg market had performed last month.

Sales to listing ratio, September 2014:  74%

Sales to listing ratio, September 2013:  49%

Homes sold above asking price, September 2014:  4

Homes sold above asking price, September 2013:  8

Average days to sell a home, September 2014:  14

Average days to sell a home, September 2013:  24

Synopsis:  It is certainly conflicting information.  Seventy-four percent of the homes listed for sale sold in September, very strong.  But, only four homes sold above the asking price and this statistic shows a decline of fifty percent versus last year.  This has me scratching my head a little?  In the end, if you wish to sell your home going in the final quarter of the year you must price your property in line with the current market values.

Average sales price, September 2014:  $299,000.00

Average sales price, September 2013:  $287,675.00

Lowest sales price for the month:  229 Cheriton Avenue

Highest sales price for the month:  106 Mitchelson Way

Expert opinion:  Over the past thirty days the North Kildonan real estate market was fantastic when compared to the real estate activity one year ago for the same month.  Likewise, the North Kildonan neighbourhood really out-performed the Winnipeg real estate market.  Last month North Kildonan real estate was trending towards a more balanced market, but it is clear all bets are off on that trend this past September.  I am now hesitant to make a prediction while I gaze into the blurry crystal ball for October.  Everything is indicating a stronger than normal real estate activity for October and our fall market in North Kildonan.

 

    

5 Ways to Redocorate on a Budget, by Tim Smith.

1970's imitation brick and mirror tiles.

1970’s imitation brick and mirror tiles.

Solid Brass key hanger.

Solid Brass key hanger.

Printer stand from unwanted furniture.

Printer stand from unwanted furniture.

Restored metal light fixture.

Restored metal light fixture.

Not all redecorating projects have to cost a fortune.  If you’re ready to spruce up your space but you’re short on cash, use these five ideas to get inspired.

1.)  Restore

Many people have older furniture gathering dust in the garage, basement, or even right in their living room.  Take inventory of what you have, and determine whether any of those pieces could take on new life if they were properly restored.  That sofa table in the corner that gets no love?  Paint it with a chevron pattern, and it could make a seriously fabulous TV stand.  You can also ask your friends and shop at garage sales — check Craigslist listings.  Paint stripper, stain and varnish aren’t expensive, but you will need a little bit of elbow grease to get started.

2.)  Reclaim

Reclaimed building materials aren’t as hard to come by as they once were.  Salvage operators and non-profit donation and resale centers like the Habitat for Humanity ReStore have popped up in nearly every major city.  You can find everything from kitchen cabinets to windows and doors, cutting your home improvement costs drastically.  As an added bonus, you’ll be helping the environment by keeping good materials out of the landfill.

3.)  Reuse

Redecorating doesn’t mean you have to toss everything you own and bring in new stuff.  As you plan your new design, consider where your existing furnishings, artwork and decorations could be reused.  Moving an item to a different room, for instance, or rearranging a few pieces of furniture around a new focal point really does make a place feel quite different.  Experiment with the idea of reusing some items before you make your shopping list and you stand to save a bundle.

4.)  Repurpose

Good design is a matter of perspective.  If you have a keen eye, you can reimagine how something could work and make something entirely new from it.  For example, that tacky brass chandelier hanging in your dining room will get a whole new life with a couple of coast of primer and paint…try a glossy black, bright white, or fire engine red.

5.)  Reimagine

When you live in a place for a while, you tend to forget what makes it special.  Take a step back as you redecorate and consider the context of your home.  Do you live in a historic neighborhood?  What is your city known for?  Are there any stories or urban legends that are particular to the area?  Great design doesn’t always come from expensive furnishings; often it tells a wonderful story.  Relating your decor back to the environment in which it exists will always make good sense and can often be an entertaining point of interest for visitors.

Tim Smith writes for Modernize.

 

North Kildonan Real Estate, August 2014.

222 Cheriton Avenue.

222 Cheriton Avenue.

23 Diamond Street.

23 Diamond Street.

 

This past month the Winnipeg real estate market changed quicker than the end of our summer season.  Home sales for the month of August were down twelve percent and new listings coming onto the real estate market were up by five percent.  Let’s see how the North Kildonan real estate market compared, by the numbers:

Active listings, August 2014:  42

Active listings, August 2013:  37

Synopsis:  Homes available in North Kildonan was up by thirteen and a half percent in August.  This percentage is still below the Winnipeg real estate market where there is an increase by twenty-six percent of available homes compared to last year.

New listings for the month, August 2014:  19

New listings for the month, August 2013:  17

Homes sold for the month, August 2014:  26

Homes sold for the month, August 2013:  22

Synopsis:  North Kildonan real estate continues to perform very well with an increase of homes sold by eighteen percent even though available homes listed for sale increased by twelve percent.  Short term the overall real estate activity is becoming more of a balanced market in Winnipeg.  The North Kildonan neighborhood continues to out pace the overall real estate market.

Sales to listing ratio, August 2014:  63%

Sales to listing ratio, August 2013:  68%

Homes sold above asking price, August 2014:  4

Homes sold above asking price, August 2013:  9

Average days to sell a home, August 2014:  28

Average days to sell a home, August 2014:  19

Synopsis:  This is where there is a big change in the North Kildonan real estate market.  Only fifteen percent of the homes that did sell received an offer over the original asking price.  Last year forty percent of the homes sold in North Kildonan had sold above the asking price.  Moving forward into autumn the real estate market pricing of your home is as important as the decision is of selling your home.

Average sales price, August 2014:  $290,715.00

Average sales price, August 2013:  $302,827.00

Lowest sales price for the month:  222 Cheriton Avenue

Highest sales price for the month:  23 Diamond Street

Expert opinion:  I had expected a better real estate market in August for North Kildonan.  Although the market itself was very good, there is a short-term trend developing for the North Kildonan neighborhood.  Active home inventory is up.  New listings for the month are up.  Homes sold for the month are up.  Sales to listing inventory is down.  Homes sold above asking price is down.  It now takes sixty percent longer to sell a home in North Kildonan.  All key indications the real estate market in North Kildonan, for those paying attention, is making a shift to a balanced market should this recent trend continue in our months ahead.

If you are planning on selling, buying, or investing in real estate, then hire the services of a real estate professional.  Should you wish to stay current on the ever-changing North Kildonan real estate market then 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 hitzer@aol.com.      

 

 

North Kildonan Real Estate, July 2014.

81 John Huyda Drive.

81 John Huyda Drive.

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 hitzer@aol.com.

 

243 Emerson Avenue.

243 Emerson Avenue.

 

If you knew you were going to die today….

If you know you will die today...what would you do?

If you knew you were going to die today…what would you do?

Would you do anything different?  Would you change who you are?  Would you rethink your belief in life after death?  If you didn’t have faith before, would you change?  Would you be angry knowing you were going to die today?  Would you let people know today was your last day?  Or hold it a secret?

I lost a friend this past weekend.  He was in his mid-fifties.  He departed much too young from our Earth.  Through my journey in life so far I have lost family, friends, and acquaintances of all ages.  Did they know it was their last day?  When my Mom passed, we both knew it would be her last day.  She is the only person I know so far that knew it was their last day.  I wasn’t ready for such a tremendous loss, she was.  We had left each other with nothing left unsaid and I have kept my bed-side promise to her fulfilled.

If you knew you were going to die today…what would you do?  What would you change?

North Kildonan real estate market statistics, Q2, 2014.

283 McIvor Avenue

283 McIvor Avenue

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 hitzer@aol.com.