Last year at this time we were in the midst of a historical polar vortex winter that had enveloped our Province with record cold temperatures. This had an impact on the North Kildonan real estate market activity. Here is this January real estate market activity for North Kildonan, by the numbers:
Active listings, January 2015: 12
Active listings, January 2014: 12
New listings for the month of, January 2015: 6
New listings for the month of, January 2014: 4
Comment: With two more new listings for the month compared to last year, not much change in North Kildonan when comparing active listings year over year. It is likely the two extra listings represent a much milder winter month this past year.
Homes sold for the month, January 2015: 12
Homes sold for the month, January 2014: 11
Sales to listing ratio, January 2015: 126%
Sales to listing ratio, January 2014: 137%
Average days to sell a home, January 2015: 34
Average days to sell a home, January 2014: 36
Homes sold above asking price, January 2015: 2
Homes sold above asking price, January 2014: 3
Comment: The first month of 2015 is, as always, much too early to formulate a trend for the new year. However, North Kildonan real estate activity for the neighbourhood is off to a good start.
Average sales price, January 2015: $336,804.00
Average sales price, January 2014: $328,518.00
Lowest sales price for the month: 40 Kayhans Drive
Highest sales price for the month: 19 Allan Rouse Cove
Expert opinion: As 2014 came to an end the real estate market was trending to become a balanced real estate market in North Kildonan because of the monthly increase in housing inventory versus willing home buyers looking to purchase a home. January the city-wide increase of housing inventory was up a whopping twenty-five percent. When compared to only five years earlier there was an increase of housing inventory a staggering seventy-five percent compared to January 2015 in Winnipeg. If the trend of increased housing inventory continues for North Kildonan in 2015 the journey to a buyers market will stay the course.
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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 with Royal Lepage Top Producers at 204-989-6900. Or, email firstname.lastname@example.org.