437-1205 St. Anne's Road Winnipeg Manitoba Top Floor River Park South Condo

TOP FLOOR UNIT with southern exposure!  Super bright featuring 9 ft. ceilings and open concept loaded with all the options you could want or need. Engineered hardwoods, 4 stainless steel kitchen appliances, and high end washer dryer, forced air system with central air conditioning. Granite kitchen counters with glass tile backsplash, capiccino soft close cabinets and drawers, breakfast bar, garburator, under cabinet lighting and excellent storage options. This desirable project features excellent amenities including three elevators, fitness room, sauna, games area, library, party room with balcony overlooking lush grounds, locker for storage, guest suites. Pets are allowed but restricted to 1 dog or 1 cat, up to 28 lbs. Easy access to south perimeter and Southglen Shopping Centre. Bus transportation is right out the front door. TWO HEATED UNDERGROUND PARKING STALLS NEAR ELEVATOR and OVER $20,000 IN UPGRADES! For more information or to book your private showing please call or email Michael Leclerc at Royal LePage. More pictures and information can be found at listings.WinnipegRelocationSystems.com

6-385 St. Anne's Road Winnipeg Manitoba Excellent St. Vital Starter

Excellent St. Vital location, walking distance to schools as well as shopping!
Affordable Open Concept Unit in a solid building with bus transportation right out the front door. Unit was remodelled and features laminate flooring, open kitchen with breakfast bar with good counter top and storage options. Two generous bedrooms, some in suite laundry provision as well as a common laundry on main level. Balcony faces east for wonderful morning sun and great late day shade. Full 4 piece bathroom. Property requires some personal touches. More pictures and information can be found at listings.WinnipegRelocationSystems.com

304-913 Jefferson Avenue Winnipeg Manitoba Great Maples Starter Condo

Nice private outdoor patio area with additional outdoor storage area. Main level is bright and spacious living room with wall unit air conditioner, laminate flooring, dinette area and remodelled kitchen. Upper level features two good sized bedrooms, each complete with wall unit air conditioners and ceiling fan. Partly remodelled bathroom doubles as laundry area. Unit is in need of some cosmetic touches. Great starter condo in quiet location next to playground! More pictures and information can be found at listings.WinnipegRelocationSystems.com

316-494 Beliveau Road, Winnipeg, Manitoba Affordable St. Vital Condo

WHAT A LOCATION! Close to major shopping centres and very close to schools, playground as well as a community centre. This is a must to see if you are looking for a TURNKEY condo in this price range and area. IMMACULATE & AFFORDABLE fully renovated open concept condo unit on a quiet dead end street. Excellent remodelled working kitchen with ample counter top, cabinets, breakfast bar and four stainless steel appliances. Spacious L-shaped living room/dining room combination with patio door access to a 12 ft. x 8 ft. balcony with southeast exposure, perfect for a late day b-b-q. Two generous sized bedrooms with the master featuring a walk in closet and in suite laundry. Beautiful full 4 piece bathroom, great storage options, super clean and well maintained. This building and unit has seen major renovations recently so nothing to do for some time. Improvements include flooring, cabinets, windows, doors, electrical and plumbing fixtures. All this for a great price and low condo fees! More pictures and information can be found at listings.WinnipegRelocationSystems.com

17-20 Orchard Hill Drive Winnipeg Manitoba Fabulous Royalwood Home

Enjoy generous natural sunlight with a western exposure in this one owner unit. Spacious open concept featuring huge rooms, vaulted ceilings in the great room/living room, and dining room area, low maintenance high quality laminate flooring and gas fireplace. Huge eat in kitchen featuring three appliances, garburator, great storage options and counter top with direct access to spacious three season sun room. The master bedroom is directly off the living room featuring a four piece ensuite and generous walk in closet. The front room off the foyer would be a perfect guest room, office or den. The lower level is completely undeveloped awaiting your personal touch if desired, plumbing is roughed in for a full bathroom. Main floor laundry off the 2 car attached garage, 20 X 20 which is able to accommodate 2 full size vehicles. Silent floor joist system, pex plumbing, LOW heating costs and LOW condo fees make this a great alternative to owning a home. More pictures and information can be found at listings.WinnipegRelocationSystems.com

#605-40 Shore Street Winnipeg Manitoba Spectacular Top Floor Richmond West Condo

Everything you could want in a Penthouse condo at this price in a wonderful area. Huge balcony great for barbecuing, relaxing & entertaining. Remarkable location with easy access to bus transportation, a short walk to U of M, Bomber games, Superstore & Victoria Hospital. Pets are allowed. Deluxe kitchen with Granite counter tops & 3 Stainless Steel appliances, open concept with a den or office that could easily be transformed into a 2 nd bedroom or a wide open living area. 9 Ft. ceilings, forced air system with central air, generous master bedroom featuring his & hers closets with mirrored doors & direct access to 6 piece bathroom with granite. In-suite washer and dryer, professionally managed with reasonable condo fees & good reserve. Access to fitness room & party room. Great storage options in suite & in underground parking area. Possession is flexible. Handicap access, elevator, great security.  Call or email Michael to arrange a private viewing of this spectacular top floor Penthouse condo with south/western exposure. More pictures and information can be found at listings.WinnipegRelocationSystems.com

2015 SALES SOLID WITH PRICES HOLDING FIRM - December Sales Up 4%

WINNIPEG -   2015 finished on a strong note.  Following on the heels of a record sales month for November, December sales of 642 were up 4% from last December. They are the third highest for this month, and are only behind the best sales years ever by a very modest amount. 

While sales and even prices have shown consistent and similar results, listings have not chartered the same path. The numbers of listings entered on the MLS® were 24,603 in 2015, up 7% over 2014, and 41% over the 10-year average of 17,433. With an increase in listings but sales remaining consistent, the market’s inventory has also been rising month to month. This is borne out in having over 5 months of inventory available going into 2016.

An indicator of stiffer competition for selling your home is evident when you see the number of single family home sales selling below list price.  Properties below list accounted for 65% in 2014 but now represent 75% of the market in 2015. In December alone 87% of all single family home sales sold below list price. Of the single family or residential-detached listings which sold in 2015, on average they achieved 98% of the total list price. 

When 2015 was all said and done a new MLS® dollar volume record was established at $3.5 billion. This resulted in a 2% increase over 2014. Despite sales being higher this December from December 2014, dollar volume actually fell 2.89% when compared to December 2014.

It was a tale of different stories when it came to the two primary MLS® property types. Residential-detached performed exceedingly well with sales and dollar volume up 3 and 5% respectively in comparison to 2014. On the other hand, condominiums never recovered from an unexpectedly poor first quarter where sales were off by 20%. By year end this deficit was cut in half but nonetheless represented a 10% decrease compared to 2014. 

The average sales price for residential-detached was $293, 992, a 2% increase over 2014. The average condominium sales price showed a 1% decrease from $239,171 in 2014 to $236,204 this year.

Residential-detached represented nearly 3 out of every 4 properties which sold on MLS® in 2015. Condominium market share was 12.5%. 25% of residential-detached sales in 2015 happened outside Winnipeg in the capital region. The southwest quadrant of Winnipeg was second with 19% of total sales.

The most active price range for residential-detached sales in 2015 was $250,000-$299,999 (22% of total sales), followed by the $200,000-$249,999 (17%) and the $300,000-$349,999 (14%).  Average days on the market for residential-detached sales was 33 days, 3 days slower than 2014. The highest-priced residential-detached sale was $2.7 million. The least expensive sale was $8,000.

The most active price range for condominiums in 2015 was $150,000-$199,999 (30% of total sales), followed by the $200,000-$249,999 (20%) and the $250,000-$299,999 (18%). Average days on market for condominium sales was 49 days, 9 days off the pace set in 2014. The highest-priced condominium sale was $950,000. The least expensive sale was $57,000.

Looking ahead to 2016, Manitoba’s GDP is expected to increase to 2.3% which is an improvement over the expected increase of 2.0% in 2015. In keeping with one of the country’s best GDP’s, Manitoba’s employment is forecast to grow by 1.6% in 2015 and 1% in 2016. This will keep its unemployment rate below 6%. Manitoba had Canada’s second highest population increase of 1% in 2015.

#2-405 Oakdale Drive Winnipeg Manitoba Fabulous Charleswood Condo

Nestled amongst the mature trees lies this quiet upper level corner unit with western exposure featuring spacious deck to enjoy late afternoon setting suns. Excellent Charleswood location just a short walk to bus, schools, shopping. This squeaky clean unit is beautifully decorated with warm neutral colours throughout. It features coved ceilings & high grade engineered hardwood floors throughout. There's a cozy wood burning corner fireplace perfect to take off that cold winter edge. The remodelled kitchen features tile backsplash, dishwasher, built in overhead microwave/hood fan combo, fridge & stove. The master bedroom is huge and offers a spacious walk in closet featuring ample storage and shelving. There is in suite laundry will full sized washer/ dryer. There are multiple storage options including indoor storage room, laundry storage area & out door storage. Relax by the in ground pool on hot summer days. There are 7 appliances included. Possession is flexible. A must to see. Don't let this one get away, book your private viewing now. More pictures and information can be found at listings.WinnipegRelocationSystems.com

BEST NOVEMBER ON RECORD AT OVER 900 SALES - November MLS® Sales Up 9%

WINNIPEG – Mild weather, hosting the Grey Cup, being singled out as one of the best destinations in the world to visit by National Geographic Traveler magazine, or just having a an excellent supply of terrific listings to choose from with such favourable mortgage rates, it was the first time November nudged over 900 sales in WinnipegREALTORS® 112-year history.

Not surprisingly, dollar volume was at its highest level too for this month at nearly $245 million and with a month to go, it is virtually assured a new annual dollar volume record will be set around the $3.5 billion mark. November also set a record for the highest-priced residential-detached or single family property sold ever at $2.7 million. It is a spectacular home and acreage nestled along the Assiniboine River in St. Francois Xavier.

November MLS® unit sales of 903 represent an increase of nearly 9% over November 2014 and are the highest on record for this month. Similarly, dollar volume of close to $245 million set a new November dollar volume record and was up 12% over November 2014. Year-to-date MLS® unit sales of 12,285 are up less than 1% while dollar volume of $3.3 billion has increased almost 3% over the same period in 2014. 

Listing supply continues to be elevated with 4,377 available for sale at the end of November. This total is only a 5% increase over last year but is significantly more in percentage terms over some previous years when there were well under 3,000 properties for sale.

The 5 months of MLS® listings supply available at this time tilts more towards a buyers’ market. As a result it puts more of a premium on vendors to do everything possible to place their property in its most positive light to sell given the stiff competition which exists.

As for the status of different MLS® property types heading in to the final month of the year, residential-detached or single family homes which represent 3 out of every 4 homes sold so far in 2015, are ahead 3% in sales activity and 2% in average sales price in comparison to the same period in 2014.  The average sale price is $294,973.

Condominiums which got off to a real slow start at the beginning of the year have recovered to some extent but are still off 11% from 2014. Their average sales price of $236,947 is down less than 1% from last year. Condos are the second most active MLS® property type with 12% of total market share.

An affordable alternative to single family and condominium properties is single-attached. They have increased nearly 8% in sales this year and experienced an average sale price rise of over 3%. Their average sales price is $226,860. This third most active MLS® property type only captures 3% of the total MLS® market. Vacant land sales are slightly lower in activity but similar in percentage terms.

The most active price range in November for residential-detached sales was $250,000- $299,999 (22% of sales), followed by the $200,000- $249,999 (18%) and $150,000 -$199,999 (12%) and $300,000-$349,999 (12%). Average days on market for residential-detached sales was 41 days, a week slower than November 2014. The highest-priced residential-detached sale was $2.7 million. The least expensive sale was $49,000.

The most active price range in November for condominiums was the $150,000-$199,999 (29% of sales), followed by the $100,000-$149,999 (19%) and the $250,000-$299,999 (18%). Average days on market for condos was 49 days, 3 days off the pace set in November 2014. The highest-priced condo sale was $587,932 and the lowest sale price was $101,000.                             

November/December 2015 Marketwatch

#C 380 St. Anne's Rd. Winnipeg Manitoba Great Downsizing Option or First Home in St. Vital

COMPLETELY REMODELLED turn key condo. Great downsizing option or 1st time buyer in desirable area with amenities all close by and bus transportation right out your front door. This condo SHINES! Its all done. No worries for years to come! BRIGHT spacious rooms & generous sized bedrooms. The interior of this unit has been completely modernized with brush chrome hardware & lighting fixtures. Bathrooms have been remodelled, complete kitchen renovation including glass tile backsplash and stainless steel appliances, all new flooring & paint throughout. Recent common area improvements include windows, shingles, facia, soffit, eaves and exterior paint 2013. Central air conditioner 2014, storm door, composite entry door & feature window 2013. A small complex with 4 units, it is self managed, the taxes, condo fees and utility costs are low. A unit that should not be overlooked by anyone looking to be in a fantastic neighborhood close to everything St Vital has to offer with no work required. MINTY!!!! More pictures and information can be found at listings.WinnipegRelocationSystems.com

APRIL RESALE ACTIVITY HEALTHY

Year-to-Date Statistics Positive Across the Board

WINNIPEG - The real estate market is either very, very good … or really, really suspect … depending on which headlines you choose to read.

It’s difficult to decide what’s really happening from the sound bites, but the numbers on the resale market for the first 4 months of the year paint a fairly rosy picture. Statistics for the first third of the year are up from comparable numbers last year, and last year recorded the 4^th best resale numbers in the past 20 years and the best dollar volume ever through the Multiple Listing Service®.

                                          

The April MLS® listing inventory, the number of properties available for sale in Winnipeg, rose almost 36%. So buyers had more properties to choose from than last April (5,232), which indicates more balance in the marketplace.

Listings entered into the MLS® system were also up 23% over last April, with the addition of 2,837 properties this year.

Sales followed suit. The number of sales processed in the month was up close to 4% from last April, with 1,273 sales recorded. And dollar volume was up 8.8% at $362.3 million. 

The April numbers helped maintain positive year-to-date market stats. 8,336 listings have been entered on the MLS® system since January 1^st - up 25% from last year - and 3,538 sales have been recorded - up 4% from the same period in 2014.

The January through April dollar volume is up 6.5% at $962.4 million.

The most active price range in April for residential detached homes was $250,000 - $299,999 (22% of sales), followed by the $200,000 - $249,999 range (16%).

An average day on the market was 27, compared to 26 last April. The highest priced residential detached sale fetched $1,590,000 and the least expensive sale was $8,000.

The most active price range for condos was $150,000 - $199,999 (25% of sales) followed closely by the $200,000 - $249,999 range (22%). Days on market for condos was 49, compared to 38 last year with the highest priced condo going for $630,000 and the lowest priced sale at $244,579

Reno Investments Providing the Highest Returns

There is no question that renovations can be a complex and time-consuming. That is why it is important that renovations are looked at on an individual basis to determine the best areas to invest in to ensure you get the highest return when you sell your home.  You – as a homeowner – want to ensure that any improvement you make to your home will add as much value as possible.

According to the Appraisal Institute of Canada, the renovations that provide the best return on resale are typically cosmetic improvements, such as painting and decorating, where there is limited capital outlay.  However, when it comes to cosmetic renovations, homeowners should take caution to not overly personalize the renovations because it could adversely affect the property’s function or market appeal to the general public.

Also very important to note is the actual quality of work completed.  The savvy home purchaser now notices when work is not done well.  Whether or not you are planning to sell your home, you should ensure that the work done is satisfactory, adheres to the local building codes and is done to completion.

When homeowners decide to renovate, they usually take one of two approaches. Some homeowners decide to renovate simply because it is something they've personally wanted, for example a pool or a skylight in the bathroom, which doesn't typically yield high return on investment.  Other homeowners take the “investor” approach – perhaps replacing old countertops, cabinets or the roof, for the specific purpose of increasing the overall market value of their home.

To read more click on the link:  http://homeinspectionnetwork.ca/renoreturns/

Marketwatch January/February 2015 Issue

44-1150 St. Anne's Road Winnipeg Manitoba Fabulous River Park South Condo

Just like new. Former show home occupied for a short period. Ready for immediate occupancy if desired. Premium location. Quietly tucked away with west exposure back yard. Pet Friendly complex. Low condo fees. Bright open concept with contemporary flair. Gorgeous kitchen with stainless steel appliances, ample cabinet & storage options & Island with breakfast bar. Upper level features 3 generous bedrooms, master suite includes 3 pce ensuite. Convenient upper level laundry and 4 piece bathroom. The basement is insulated & features a structural wood floor perfect for warmth & awaits your personal touch. There is direct access to the insulated garage that includes an insulated garage door & opener.  More pictures and information can be found at listings.WinnipegRelocationSystems.com