OUTLOOK ON 2020

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What is your outlook on the current year?  Has it started out to be how you wish it to be? 

One of my favourite events of the year is coming soon on January 29th. Real estate professionals, finance and industry partners gather to gain insight into local and national real estate trends. 
I will update you in our next newsletter in what we learned. If you can't wait that long, send me a message before then so we can chat about the coming trends. Let's chat real estate!

Let’s take a moment and look back. 

Highlights of 2019!

WinnipegREALTORS® market region showed very little change in average 2019 residential-detached and condominium sale prices in comparison to 2018. The 2019 average residential-detached sales price was $324,122 versus $321,945 in 2018. Condominiums showed less than a $1,000 difference with a slight decrease from $238,916 in 2019 to $238,088 in 2018.

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For fun: The highest residential-detached home to sell in 2019 was for $2,290,000, while the most expensive condominium to sell was $1,300,000.

Last year also ushered in the highest number of listings entered on WinnipegREALTORS® MLS®. The 25,741 listings increased 8% over 2018 and 6% above the 5-year average. The percentage of MLS® listings selling or what is referred to as the sales-to-listings ratio is still within 2% of the 5-year average. Notable in 2019 is that residential-detached listings sold, on average, for 98% of their list price.

However!!!!! And this is important to know when you are reading/listening to Winnipeg Market Stats:

2019 saw an increase in overall MLS® activity as a result of welcoming new rural brokerage offices, such as ones in the South Central Plains MLS® area (e.g. Winkler, Morden and Altona), onto the WinnipegREALTORS® MLS®. They formerly had been on the Manitoba Real Estate Association (MREA) MLS®. As they were main contributors to MREA's MLS® market activity in previous years, their contribution to WinnipegREALTORS®' MLS® in 2019 was instrumental in generating higher listings, sales and dollar volume totals.

If you want to learn how these stats may affect your personal situation or goals, goals, contact me at (204)947-9800. ☎