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.
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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.