5 Callum Crescent
883 McIvor Avenue
The real estate market for Winnipeg was not as stormy as the final summer month we just had. Throughout our city home sales were up by 10 percent. But, new housing inventory was only up by a modest 4 percent. Let’s check out how our North Kildonan real estate market compared, by the numbers:
Active listings, August 2015: 66
Active listings, August 2014: 42
New listings for the month of August, 2015: 33
New listings for the month of August, 2014: 19
Comment: North Kildonan continues to have housing inventories at a much higher percentage than other Winnipeg neighbourhoods. Active listings are up by 57 percent. This is an improvement when compared to July where active housing inventory was up 80% when compared to the previous year.
Homes sold for the month, 2015: 24
Homes sold for the month, 2014: 36
Sales to listing ratio, August 2015: 38%
Sales to listing ratio, August 2014: 63%
Homes sold above asking price, August 2015: 5
Homes sold above asking price, August 2014: 4
Comment: It was a buyers market in North Kildonan the month of August. Only four of every ten homes listed for sale sold, while 6 didn’t.
Average sales price, August 2015: $315,800.00
Average sales price, August 2014: $290,700.00
Average days to sell a home, 2015: 24
Average days to sell a home, 2014: 28
Lowest sales price for the month: 51 Callum Drive
Highest sales price for the month: 883 McIvor Avenue
Expert opinion: The second half of summer, 2015, saw the North Kildonan real estate market saw the neighbourhood moving at a stable pace. However, we are now coming into autumn and typically house prices tend to dip downwards when comparing to the spring residential real estate property values. Planning on selling between now and the new year, price point coming onto the real estate market is a paramount decision.
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For a complimentary 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.