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.     

 

 

Lottie Beutel, an interview of a North Kildonan resident.

Ms. Lottie Beutel

Ms. Lottie Beutel

Ms. Lottie Beutel

Ms. Lottie Beutel

Q.)  How long have you lived in North Kildonan?

A.)  Twenty-seven years.

Q.)  Why did you move to North Kildonan?

A.)  I really liked the area and my friends and family lived in North Kildonan.  And, the area was familiar.

Q.)  Where do/did you work?

A.)  I worked with Winnipeg Regional Health Authority, home care.  The last ten years of my career I worked at, Donwood, an elderly persons housing in North Kildonan.

Q.)  Did you go to school in North Kildonan?

A.)  No.

Q.)  Where is your favourite place to eat in North Kildonan?

A.)  Grace café.

Q.)  Where is your favourite place to shop in North Kildonan?

A.)  McIvor Mall I find has some nice shops and a grocery store.  So, everything I need is there and the Safeway on Henderson Highway. 

Q.)  What are your Top 5 music performers of all time?

A.)  Elvis, Roy Orbison, Johnny Reid, The Beatles, Bruce Springsteen.

Q.)  If North Kildonan was missing some kind of service, what would it be?

A.)  More nice restaurants and a bigger shopping mall, for example, like Walmart.  Somewhere to buy daily necessities.  And movie rentals.

Q.)  What is your fondest memory living in North Kildonan?

A.)  Raising my daughter in North Kildonan for the first eight years of her life.  There were many young mothers with children the same age and there were always kids to play with and the mothers were all good friends.  It was a good old-fashioned upbringing for my daughter.

Q.)  What are your Top 5 favourite movies of all time?

A.)  Gone with the Wind, Grease, Footloose, Ghost, E.T.

Q.)  If you could only pick one place in North Kildonan, where would you take a tourist to?

A.)  I would take them for a walk on the Gateway Road pathway that basically runs all the way from North Kildonan to Elmwood.  McIvor Park is also a beautiful park that is accessible winter and summer.

Q.)  If a stranger asked you what it is like to live in North Kildonan; what would you tell them?

A.)  It’s a safe area.  A friendly area.  Basically quiet and well-kept.  The roads and sidewalks and park areas are maintained well.  It is a nice family, or older person area.  There is not a lot of action here.

Q.)  What are your Top 5 books of all time?

A.)  The V.C. Andrews series, Hoodoo Sea, Alexander the Great, John Grisham books, and early Stephen King books.

Q.)  In your opinion, what is a perfect way to spend a day in North Kildonan?

A.)  Have breakfast at Smitty’s on Henderson Highway.  Go for a walk with my dog and my friends at Bunns Creek in McIvor Park.  Then have a picnic lunch in McIvor Park.  Meet friends in the afternoon for a swim in the pool at my condominium complex.  Finally, have supper and visit with friends and family.

Thank you Ms. Lottie Beutel for agreeing to have me interview you and to share some of your life and thoughts with the North Kildonan Real Estate readers.  Wishing you a wonderful 2015.

 

          

North Kildonan Real Estate…2014, a year in review.

222 Cheriton Avenue.

222 Cheriton Avenue.

51 Delbrook Crescent.

51 Delbrook Crescent.

Here is a look back for the real estate activity in the North Kildonan neighbourhood for 2014 and how our real estate market performed when compared to 2013.  And here is the North Kildonan real estate market for 2014, by the numbers:

Homes listed for sale in 2014:  375

Homes listed for sale in 2013:  306

Variance:  Sixty-nine more homes were added into the North Kildonan housing inventory for an increase of 22 1/2%.

Homes sold in 2014:  296

Homes sold in 2013:  256

Variance:  More homes for sale had an increase of 15 1/2% of North Kildonan homes sold in 2014.

Average days to sell in 2014:  21

Average days to sell in 2013:  24

Variance:  Selling a home was 14% faster than the previous year.

Homes sold above asking price in 2014:  102

Homes sold above asking price in 2013:  122

Variance:  In 2013, 47% of the housing inventory sold above asking price compared to 34% in 2014.  This is a swing downward of 28% year over year.

Sales to listing ratio in 2014:  78%

Sales to listing ratio in 2013:  83 1/2%

Variance:  A decline of 7% compared to last year.  But at 78% sales success in 2014 still represents a strong percentage for any real estate market.

Average sales price in 2014:  $304,451.00

Average sales price in 2013:  $297,370.00

Variance:  Home equity increased by 2% in 2014 for the North Kildonan neighbourhood.

Lowest sale price in 2014:  222 Cheriton Avenue

Highest sales price in 2014:  51 Delbrook Crescent

2014 market synopsis and 2015 North Kildonan real estate market prediction:  Looking back to the North Kildonan real estate market last year this Winnipeg neighbourhood really had another strong year even though there had been an increase of housing inventory.  As a result forty more homes sold in North Kildonan when compared to 2013.  However, the increase in sales did not match the increase in housing inventory for the past year.

The good news continued for the North Kildonan area because eight of every ten homes listed for sale had sold when entered onto the real estate market.  Not bad at all.  Of course this continued to favour sellers and was the reason for another year of increased home equity.  All in all 2014 was a good real estate year for North Kildonan.  But, what is in store for the North Kildonan real estate market for 2015?

Last year when I gazed into my foggy crystal ball I was lucky to have my prediction hold true for the North Kildonan housing market.  So, here goes my prediction for 2015.  I hope for another “spot on” prediction for the North Kildonan real estate activity this year.

This past week the Bank of Canada shocked economic experts and Canadians with a decline in our interest rates.  If 2015 plays out with continued historical low interest to borrow for mortgage’s and our local population is another net gain we will continue with another solid housing market for North Kildonan residents.  I do believe we will have subtle changes, though, in my opinion.

I expect housing inventory may have another year of added home availability for buyers, but not at the same double-digit increases we saw for most of 2014.  With more housing inventory in 2015 this will slow the days to sell a home and it will change the selling success percentages too.  Also a continuation of a drop in bids over asking price in 2015 versus 2014.  Home equity should have another increase of 1-2 percent as the market remains healthy for the North Kildonan district.

What does this really mean if you plan on selling your home in North Kildonan this year?  I recommend you plan on longer days on market to sell your home.  Price point on your home will need to be accurate to what the buyers are willing to pay for a comparable home to yours as today’s consumer is well-informed of real estate values and how they will trend throughout the year.  In short, if you are serious about selling your home then you will need to be precise on your property price and marketing strategies to achieve an offer on your home with acceptable terms.

Wish to remain current on the ever-changing North Kildonan real estate market and how it will impact you financially?  Then please select the option 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.