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.          

North Kildonan Real Estate, March 2015.

284 Edelweiss Crescent

284 Edelweiss Crescent

106 Clearview Drive

106 Clearview Drive

In March, the Winnipeg real estate market had a healthy nine percent increase in the number of homes sold.  However, the increase of available housing inventory marched on, no pun intended, with a thirty-three percent increase of new inventory.  Now that’s March madness!  I thought I would stay in character with my writing should you be wondering.  Let’s see how the North Kildonan real estate market performed last month, by the numbers:

Active listings, March 2015:  32

Active listings, March 2014:  19

New listings for the month of March, 2015:  20

New listings for the month of March, 2014:  7

Comment:  By now you know I’m going to say something, don’t you?  Available homes are up by 60% while new housing inventory for the month was up close to 300%.  We are in one of the strongest month’s of the year for real estate activity and it is a buyers market in the North Kildonan neighborhood.

Homes sold for the month, 2015:  18

Homes sold for the month, 2014:  20

Sales to listing ratio, March 2015:  69%

Sales to listing ratio, March 2014:  120%

Average days to sell a home, March 2015:  30

Average days to sell a home, March 2014:  21

Homes sold above asking price, March 2015:  3

Homes sold above asking price, March 2014:  14

Comment:  The numbers really do speak for themselves as we sail along on the winds of change for the North Kildonan real estate market.  Home sales down by 10%, selling a home takes 30% longer and bids over asking was down close to 500%.  Enough said.

Average sales price, March 2015:  $352,800.00

Average sales price, March 2014:  $311,000.00

Lowest sales price for the month:  284 Edelweiss Crescent

Highest sales price for the month:  106 Clearview Drive

Expert opinion:  Don’t let the average sales price for the month fool you into believing real estate values are trending upward for North Kildonan.  They aren’t.  What can we expect in the month’s ahead?   Will we have a seller’s market again?  Perhaps, but only if fewer homes come onto the market.  But until then, if you plan on selling your home you will need to be “spot on” with your pricing so that you are on the same page as the true market values.

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.  Go Jets go!

 

 

 

 

      

 

Food for Shelter – Manitoba Shelter Foundation

 

Food for Shelter 2cnd Annual food drive fundraiser.

Food for Shelter 2cnd Annual food drive fundraiser.

On April 1, and for the entire month of April, Royal Lepage Top Producers is doing their 2cnd  Annual Food for Shelter fundraiser.  It is for the local Shelter Foundation.  Last year over 3,100 non-perishable food items were collected for women and children who were victims of domestic violence.  Unknown at the time was how badly our help was really needed.  This year our goal is to collect 4030 non-perishable food items.

The Shelter Foundation in Manitoba was established to be a safe home for our women and children.  Last year was my first year where I decided to become committed with this needed cause for people who are desperate and have no safe place to turn too.  What I wasn’t prepared for were the calls I had received from women I had known for most of my life, or women who I had thought I had known, that had sought refuge by the services offered by our local Shelter Foundation.  I really had no idea until these women opened up about such a dark time in their lives and their children’s lives.  And these children that I know that carry some of life’s scars that no child should.  So, here I am with the resolve to help make some difference.  But, our goal of reaching 4030 food items can only be accomplished with the help of a community.  Perhaps the citizens of North Kildonan will with some spare food?

I am pleased to announce One Link Mortgage located at 1215 Henderson Highway, Business Center on the second floor, in North Kildonan has agreed to be a drop off location for any of your non-perishable food donations.  If you are not able to get to this location, please call me at 204-989-6900 and I will gladly make arrangements to pick-up your food donation.

North Kildonan Real Estate, February 2015.

366 Oakland Avenue.

366 Oakland Avenue.

141 Mitchelson Way.

141 Mitchelson Way.

In February, the overall Winnipeg real estate market had a decline of home sales by 1% compared to 2014.  The true representation of this home sale statistic is there were eight fewer homes sold year over year.  The trend of increased housing inventory is where the attention is needed as there was an eighteen percent rise in available properties listed for sale.  What do these market changes really mean for the North Kildonan real estate market?  Let’s see what the North Kildonan neighbourhood real estate activity did in the month of February, by the numbers:

Active listings, February 2015:  23

Active listings, February 2014:  17

New listings for the month of, February 2015:  14

New listings for the month of, February 2014:  8

Comment:  New home inventory was up by forty-three percent for the month and active listings was up twenty-six percent compared to 2014.  I will continue to sing from the same song sheet and if this increase of homes coming on to the North Kildonan real estate market continues we will see a balanced, or buyers real estate market sooner than people expect.

Homes sold for the month, February 2015:  13

Homes sold for the month, February 2014:  11

Sales to listing ratio, February 2015:  56%

Sales to listing ratio, February 2014:  73%

Average days to sell a home , February 2015:  14

Average days to sell a home, February 2014:  28

Homes sold above asking price, February 2015:  4

Homes sold above asking price, February 2014:  6

Comment:  I am really curious to see what will happen in the month of March this year because by then the first quarter will have played itself out for the North Kildonan real estate market.  This will help to establish a trend of some kind for our neighbourhood.  That being said, one look at these real estate market statistics and change continues to brew for the North Kildonan area.

Average sales price, February 2015:  $302,000.00

Average sales price, February 2014:  $311,000.00

Lowest sales price for the month:  366 Oakland Avenue

Highest sales price for the month:  141 Mitchelson Way

Expert opinion:  Here we are early March and it is the official start of our spring real estate market.  These next few months will be very revealing with the possible effect there may be on the North Kildonan real estate, property values, salability and how long it will take to sell a home  when compared to the recent years.  Interest rates remain at historical lows and the Bank of Canada continues to hold borrowing money at stable to seductive levels.  I believe buyer activity will be strong, short-term.  But with more homes to choose from will mean not every home will attract an offer.

Wish to remain current with the ever-changing North Kildonan real estate residential housing 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.

 

North Kildonan Real Estate statistics, January 2015.

40 Kayhans Drive

40 Kayhans Drive

19 Allan Rouse Cove.

19 Allan Rouse Cove.

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.

Wish to stay current with the ever-changing North Kildonan real estate residential housing 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 with Royal Lepage Top Producers at 204-989-6900.  Or, email hitzer@aol.com.