Something happened between the first quarter and the second quarter with the North Kildonan real estate market activity. Perhaps the provincial election held earlier this year had buyers and sellers on hold with their real estate plans? It seems logical. The second quarter real estate activity for North Kildonan was exceptional compared to one year earlier. This is how the North Kildonan neighborhood performed in Q2, by the numbers:
Homes sold in North Kildonan, Q2, 2016: 129
Homes sold in North Kildonan, Q2, 2015: 93
Sales to homes listed, Q2, 2016: 130%
Sales to homes listed, Q2, 2015: 56%
Average days to sell, Q2, 2016: 19
Average days to sell, Q2, 2015: 23
Average sales price, Q2, 2016: $317,400.00
Average sales price, Q2, 2015: $338,500.00
North Kildonan certainly had an active three months during the second quarter real estate activity. An educated guess had the real estate market for North Kildonan being more active when the Provincial election concluded. But, I did not see this increased real estate activity coming the way that it did for the North Kildonan neighborhood.
What hasn’t changed for the North Kildonan area is the importance of pricing your home to current market trends and values when deciding to sell your home. Today’s home buyers are educated and savvy with the North Kildonan property values.
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.