North Kildonan Real Estate market statistics, Q2, 2015.

North Kildonan real estate.

North Kildonan real estate.

A year ago the journey had begun where an increase of housing inventory was the story for the North Kildonan real estate market.  Let’s compare North Kildonan real estate in 2015 to 2014 for the second quarter, by the numbers:

Homes sold in North Kildonan, Q2 2015:  93

Homes sold in North Kildonan, Q2 2014:  112

Sales to listing ratio, Q2 2015:  56%

Sales to listing ratio, Q2 2014:  133%

Average days to sell, Q2 2015:  23

Average days to sell, Q2 2014:  17

Average sales price, Q2 2015:  $319,400.00

Average sales price, Q2 2014:  $306,800.00

Expert Opinion:  Current market trend shows six of every ten homes listed for sale in North Kildonan actually sell.  Four of every ten homes listed for sale don’t sell.  The next three months, looking ahead, are historically not as active as the best market of the year, spring.  The good news for the second quarter real estate statistics is the home equity did rise over last year for the same time period.  But, if the over-supply of homes listed for sale continues for the North Kildonan neighbourhood, it will eventually impact property values for the area.

I do expect the next quarter will stay the course for North Kildonan.  If a homeowner wishes to sell the price pressure may begin to be more aggressive than it has been so far in 2015.

Keep current with the North Kildonan real estate market by following this blog.

Call Rolf Hitzer at Royal LePage Top Producers, 204-989-6900, for a complimentary real estate consultation when selling, or buying.  Or, email hitzer@mymts.net.

 

North Kildonan Real Estate market statistics, June 2015.

214 Sutton Avenue

214 Sutton Avenue

1 Bunns Grove

1 Bunns Grove

In every neighbourhood in Winnipeg throughout the month of June there had been 5,871 homes listed for sale.  Twenty percent more than a year ago.  New listings to the market was up 1 1/2% while homes sold for the month was down 1/2 a percent, or six homes less had sold in 2015 versus 2014.  Let’s see how the real estate market in North Kildonan had performed, by the numbers:

Active listings, June 2015:  69

Active listings, June 2014:  34

New listings for the month of June, 2015:  25

New listings for the month of June, 2014:  17

Comment:  For the North Kildonan real estate market in June the housing inventory has doubled compared to one year earlier.  The trend for the North Kildonan neighbourhood housing inventory continues to remain much much higher than the city-wide average.

Homes sold for the month, 2015:  28

Homes sold for the month, 2014:  38

Sales to listing ratio, June 2015:  40%

Sales to listing ratio, June 2014:  113%

Average days to sell a home, June 2015:  28

Average days to sell a home, June 2014:   20

Homes sold above asking price, June 2015:  4

Homes sold above asking price, June 2014:  21

Comment:  The selling success when a home is placed for sale in the North Kildonan area has had tremendous changes.  The numbers speak for themselves on how the added housing inventory has impacted the North Kildonan district.

Average sales price, June 2015:  $323,598.00

Average sales price, June 2014:  $315,600.00

Lowest sales price for the month:  214 Sutton Avenue

Highest sales price for the month:  1 Bunns Grove

Expert Opinion:  My thoughts remain consistent to what I had said last month.  More homes available for buyers to buy.  The housing inventory is greater than current buyer demand for the North Kildonan real estate market and pricing your home is paramount to your moving plans this summer, and likely into the fall.

Wish to remain current with the ever-changing North Kildonan real estate market and how it will impact you financially?  Then please “opt” to follow this blog.

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, hitzer@mymts.net.

          

North Kildonan Real Estate market statistics, May 2015.

Active homes listed for sale throughout Winnipeg was up 27% when compared to the same month in 2014.  The number of homes sold for the month was down by 7%.

Let’s see how the North Kildonan real estate market did and how the North Kildonan neighbourhood compared to the overall Winnipeg real estate market.  Here is the North Kildonan real estate market, by the numbers:

Active listings, May 2015:  68

Active listings, May 2014:  38

Comment:  North Kildonan continues to have more homes being listed for sale than the citywide statistics for the month.

Homes sold for the month, 2015:  37

Homes sold for the month, 2014:  46

Sales to listing ratio, May 2015:  70%

Sales to listing ratio, May 2014:  104%

Average days to sell a home, May 2015:  14

Average days to sell a home, May 2014:  15

Homes sold above asking price, May 2015:  10

Homes sold above asking price, May 2014:  19

Comment:  The number of homes sold for the month are down by 20%.  And homes sold above the original asking price have dropped by almost 50%.

Average sales price, May 2015:  $294,700.00

Average sales price, May 2014:  $308,800.00

Highest sales price for the month:  26 Vintage Hills Court

Lowest sales price for the month:  326 Edelweiss Crescent

Expert Opinion:  Buyers have more choice for a home in North Kildonan and sellers need to be aware of the available homes competing with their own home and realize if you are over the current market price, well, your home will not sell because the buyers will move on to the next available property.

Wish to remain current with the ever-changing North Kildonan real estate market and how it will impact you financially?  Then please “opt” to follow this blog.

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 hitzer@mymts.net.

326 Edelweiss Crescent

326 Edelweiss Crescent

26 Vintage Hills Court

26 Vintage Hills Court

 

              

The ghost of John Pritchard School.

100 Years...congrats John Pritchard School.

100 Years…congrats John Pritchard School.

Inside the K202 classroom with the 100 year old chalkboard.

Inside the K202 classroom with the 100 year old chalkboard.

K202, the haunted room.

K202, the haunted room.

John Pritchard School gym.

John Pritchard School gym.

How often have I passed through these doors in my school years.

How often have I passed through these doors in my school years.

With John Pritchard School celebrating its 100th Year Anniversary later this year I had decided to share some of my stories about my Junior High School.  A few weeks ago I went to John Pritchard School to take several exterior pictures for my blog articles about the 100th Anniversary.  To my surprise, and delight, I was allowed to enter inside my old school.  As I stepped through the John Pritchard School doors, that I had walked in and out of so long ago, I was flooded with wonderful memories.

I was standing in the school gym taking photo’s when I was approached by Mr. Glenn Murphy, one of the evening staff.  When I explained to him why I happened to be there with my camera he welcomed me and offered to take me on a quick tour of John Pritchard School.  I gladly accepted his offer.  I was really taken aback by how much my school had changed from my day, in the early to mid seventies.

By the time we reached the top floor Mr. Murphy casually pointed to room K202 and said, ” in 1915 when the school was built that was the room where the first caretaker, Mr. F. Nelson, had lived.  Since he passed away, this room is believed to be haunted.”

Well, this new information now had my interest.  I couldn’t help myself when I asked Mr. Murphy if he could show me the haunted classroom, K202.

Mr. Murphy unlocked the door and we stepped into K202.  Maybe it was my imagination, but did I feel a chill when we entered the classroom?  Standing there, Mr. Murphy shared a few stories with me.  Over the years teachers would complain consistently that they experienced an over powering feeling when alone in the room.  Often it felt like an unexplained presence was over their shoulder while sitting at their desk.  Another story was how a teacher stepped out for only a minute.  Nobody had gone into the classroom during her brief exit.  When the teacher returned to K202 there were painted red footsteps on the floor coming out of one wall and disappearing into another wall.  Or, how the adjoining room, the school library, had the top half of a hazy green human ghost glide across the room for everyone to see.

Standing in K202 I waited with anticipation that maybe something strange and unexplained would happen that night.  I had my iPhone ready for picture perfect proof of the ghost of John Pritchard School.  Mr. Murphy pointed to the chalk board and said that too was 100 years old.  I glanced around the room one more time.  All remained calm and silent.  We stepped out of K202 and we finished our tour of John Pritchard School.

Thank you, Mr. Glenn Murphy, for taking me back to my childhood memories that night.  It really meant an awful lot to me and you made my day.

North Kildonan Real Estate market statistics, April 2015.

60 Melonlea Cove!

60 Melonlea Cove!

305 Bonner Avenue

305 Bonner Avenue

We are now in the peak real estate months of the year for buying and selling activity.  Unlike last year, this season we were able to enjoy a normal spring with our often unpredictable Manitoba weather.  This may have placed homes for sale earlier than normal.  Only time will confirm this thought.  In Winnipeg, the overall real estate market had new listings up by 23% for the month.  Housing inventory for sale is also up by 35 1/2% compare to last year.  Home sales are up by 4% when looking back to 2014.  Lets see how the North Kildonan real estate market performed this past month, by the numbers:

Active listings, April 2015:  56

Active listings, April 2014:  21

New listings for the month of April, 2015:  31

New listings for the month of April, 2014:  17

Comment:  This is another month where the North Kildonan housing inventory is higher than the city of Winnipeg average.  More homes remain available for buyers as the real estate market continues to trend towards a buyers market for the North Kildonan neighborhood.

Homes sold for the month, 2015:  28

Homes sold for the month, 2014:  28

Sales to listing ratio, April 2015:  57%

Sales to listing ratio, April 2014:  92%

Average days to sell a home, April 2015:  21

Average days to sell a home, April 2014:  13

Homes sold above asking price, April 2015:  10

Homes sold above asking price, April 2014:  13

Comment:  The shift in the North Kildonan real estate market are clearly evident in the statistical housing activity.  Sales are at par year over year even though the home inventory continues to rise in North Kildonan.

Average sales price, April 2015:  $306,700.00

Average sales price, April 2014:  $296,100.00

Lowest sales price for the month:  60 Melonlea Cove

Highest sales price for the month:  305 Bonner Avenue

Expert opinion:  Knowing what you know from the trending North Kildonan real estate housing market, if you are planning on selling you will need accuracy in your market price.  As a home buyer you will have more homes to view and select from compared to the past five years, or longer.

Wish to remain current with the ever-changing North Kildonan real estate market and how it will impact you financially?  Then please “opt” to follow this blog.

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 hitzer@mymts.net.  

      

 

John Pritchard School…my wonder years, Grade 7.

It was outside these doors where I had my first fist fight in Grade 7.

It was outside these doors where I had my first fist fight in Grade 7.

This is what my first Grade 7 classroom looks like in 2015.

This is what my first Grade 7 classroom looks like in 2015.

100 Years...congrats John Pritchard School.

100 Years…congrats John Pritchard School.

Now called Manitoba Hall, the school's office.  In my years the Principle's office was on the opposite side.

Now called Manitoba Hall, the school’s office. In my years the Principle’s office was on the opposite side.

John Pritchard School front doors.

John Pritchard School front doors.

1915 - 2015, and still standing with pride.

1915 – 2015, and still standing with pride.

On September 1, 2015, John Pritchard School will be celebrating its 100 Year Anniversary.  It was September, 1971, when John Pritchard School really mattered to me.   That’s the year John Pritchard School was 56 years old.  I was only 12.

I was intimidated the first time I passed through the doorways of John Pritchard School.  My new school looked so stoic compared to my previous six year tenure at Princess Margaret Elementary School.  I had wanted to go to the new junior high school, Chief Peguis, because most of my friends from my neighborhood were attending junior high there instead of John Pritchard.  And it was a new school with new stuff and that made Chief Peguis the cool school to go to in North Kildonan.

Perhaps walking into my new class and hardly knowing anyone had me feeling nervous and scared after the summer break.  I had just returned after spending two months on the shores of Lake Winnipeg with my grandparents just north of Gimli, Manitoba.  Here in my new class I was with a room full of strangers.  Coming from a strict home I couldn’t help but notice that some of the guys had hair over their ears, just like the Beatles.  I wasn’t allowed to have such long hair.  And the girls?  Well, somehow they too looked different two months later.  I found myself looking at the girls in a way I hadn’t ever before?  For a twelve-year-old I began to realize I was in a big kid school.

Back then I didn’t own a pair of jeans.  Not because I wasn’t allowed.  Instead, my parents simply told me that I would wear what they could afford.  I was beginning to realize I wasn’t one of the cool kids.  In my first week the guy sitting behind me began to poke me on my back with his pencil.  He was relentless.  I was reserved and kept to myself hoping the novelty of jabbing me would wear off.  He wouldn’t stop.  Like all of us, I had a breaking point.  I turned around to face the freckled red-haired antagonist and grabbed his pencil.  We both had a firm grip and we began a tug-o-war.  I hated this guy.  He threw out the after school challenge to me in front of our entire class.  Leaving me no choice, I accepted.

When the school bell rang I slowly made my way to the school yard, hoping, no praying the red-headed jerk would change his mind and not be waiting outside.  My sweaty palm pushed the John Pritchard door open.  I didn’t expect to see the crowd that had converged for the after school fight.  There in the middle, amidst all the students, stood my enemy…waiting.

I approached my foe and we were both enveloped in a circle by our classmates and a bunch of other students.  My adrenaline on high, we both swung fists with aggression and all our might.  We both deked and feigned each others intended blows.  When the crowd that had circled us went quiet and began to part we both saw the vice-principal storm toward us.  He broke up our brawl and we were now headed back into John Pritchard for my first detention.  Behind the vice-principle’s back my enemy stuck his hand out and I shook it.

Sitting side-by-side in our detention room the two of us reluctantly began to talk to each other.  We had agreed to tell the vice-principle we were just horsing around and not fighting.  The two of us held to our pact and we didn’t rat each other out.  In my first week at John Pritchard Junior High I made a friendship that still holds true to this day.

 

 

North Kildonan real estate market statistics, Q1, 2015.

North Kildonan homes.

North Kildonan homes.

In the first quarter, housing inventory is up by twenty-six percent in Winnipeg compared to one year earlier.  Unit sales are also up, but only by a modest 4 1/2%.  The sales to listing success ratio is 41.19% and that declares it has been a buyers market.  How did the real estate market fair in the North Kildonan neighborhood?  Here is the first quarter real estate market activity for North Kildonan, by the numbers:

Homes sold in North Kildonan, Q1, 2015:  46

Homes sold in North Kildonan, Q1, 2014:  42

Sales to listing ratio, Q1, 2015:  63%

Sales to listing ratio, Q1, 2014:  72%

Average days to sell, Q1, 2015:  27

Average days to sell, Q1, 2014:  24

Average sales price, Q1, 2015:  $338,500.00

Average sales price, Q1, 2014:  $316,900.00

Expert opinion:  Should the housing inventory continue at double-digit increases over the next three months the North Kildonan neighborhood will likely follow what the overall real estate market is doing in many Winnipeg neighborhoods.  Sales success remained good for North Kildonan in the first quarter as six of every ten homes listed for sale did sell.  However, this doesn’t change the reality home buyers have with having more housing inventory to choose from.  Should you be planning on selling your home it will be a very important decision on your pricing strategy when entering the real estate market if you wish to attract a buyer to your home.  Don’t make the mistake of over-pricing your home, or the false belief of building in bargaining room for your home because your home will sit on the market as buyers are well informed and know what is fair property value.

Over the next quarter expect interest rates to remain at historical lows.  The recent announcement from Canada Mortgage Housing Corporation that their mortgage insurance fees will now be higher for home buyers putting a 10% downpayment, or less, has now had any immediate negative changes on buyer activity.

Wish to remain current with the ever-changing North Kildonan real estate market and how it will impact you financially?  Then please “opt” to follow this blog.

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 at 204-989-6900.  Or, email hitzer@aol.com.