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 firstname.lastname@example.org.