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.
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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 firstname.lastname@example.org.