The number of homes sold throughout Winnipeg dropped by 6% year over year. New listings were also up, but only by a slim margin of 1%. There were 5,773 active listings in July and this too was an increase of 15% compared to 2014. Let’s see how the real estate market in North Kildonan performed in July, by the numbers:
Active listings, July 2015: 67
Active listings, July 2014: 37
New listings for the month of July, 2015: 38
New listings for the month of July, 2014: 19
Comment: The trend for the North Kildonan neighbourhood continues to be much higher for housing inventory than what is happening across Winnipeg. Active listings are up 80% in North Kildonan.
Homes sold for the month, 2015: 45
Homes sold for the month, 2014: 33
Sales to listing ratio, July 2015: 97%
Sales to listing ratio, July 2014: 97%
Homes sold above asking price, July 2015: 7
Homes sold above asking price, July 2014: 10
Comment: Despite the added housing inventory for the North Kildonan real estate market; homes sold at a strong pace filling the buyer need for this neighbourhood. The notable difference is the amount of time now needed to sell a home takes longer by four weeks instead of three weeks on average, compared to one year earlier.
Average sales price, July 2015: $318,000.00
Average sales price, July 2014: $301,700.00
Lowest sales price for the month: 284 Edelweiss Crescent
Highest sales price for the month: 2338 Rothesay Street
Expert opinion: The first half of summer 2015 we saw the housing market for the North Kildonan district perform very well. Historical low-interest rates and a confident local economy are all variables in play to help give buyers confidence to purchase real estate and invest in their future.
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For a complimentary real estate consultation when planning to sell, buy, or invest in real estate, then please call Rolf Hitzer at Royal LePage Top Producers, 204-989-6900. Or email, email@example.com.