403 St. George Road Winnipeg Manitoba Impressive St. Vital Family Home

Minty!! Top to bottom upgrading and remodelling has been done. This impressive home has been lovingly cared for by the original owner for 40 plus years. It’s situated on a private dead end street cul-de-sac backing on to green-space.  The main level features vaulted ceilings, engineered hardwood floors and porcelain tile. There's a bright open living room-dining room combination off the completely remodelled kitchen that features granite counters and island, porcelain floors and backsplash, high end Stainless Steel appliances and custom storage cabinets. Generous sized bedrooms featuring hardwood floors. The lower level is developed with a rec room, 3 piece bathroom and potential 4th bedroom/office. Other recent quality upgrades include, hi efficiency furnace, vinyl siding, shingles, triple pane low e windows, metal doors, porcelain flooring, interlocking brick driveway with RV parking, central vacuum, alarm, garburator, plumbing and lighting fixtures, custom blinds, aluminum fascia, soffit, eaves. Super rare find and opportunity as it’s all been done for you!! 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

616 Home Street Winnipeg Manitoba Fantastic West End Home

Lots of character combined with many expensive upgrades in this turn of the Century home. Hardwoods on main and 2nd floor. Ceramic tile in other rooms. Partly remodelled kitchen with good storage options & granite counter top. Sun room with recent garden door access to spacious deck & patio area with southwest exposure. 2nd level features 3 good sized bedrooms and small room perfect for office. 3rd floor has potential for a loft. Its heated, accessible but not included in square footage. Upgrades over the last 5-15 years include: Hi efficiency furnace, pvc windows, composite siding with stucco redone, garden door off back sun room, deck and patio area, detached garage, fenced yard for security and privacy, 100 amp service. It is zoned R2 and currently tenant occupied. This fine home requires some tlc, however shine it up, make it yours and you will have a fantastic home that oozes with character, is very warm and very little to worry about with respect to major upgrading costs. DO NOT OVERLOOK THIS GEM. More pictures and information can be found at listings.WinnipegRelocationSystems.com. Track the New Winnipeg MLS listings as they come onto the market and follow the sold properties in any area by visiting winnipegmarkettracker.com today.

50 Sterling Avenue Winnipeg Manitoba Exceptional Home in Meadowood

This exceptional custom built home offers the best of all worlds located in Meadowood on a huge pie shaped lot with southwest exposure on a dead end street a short walk to St Vital Shopping centre, bus transportation to U of M or downtown, all levels of schools & excellent amenities. There is a very long list of features in this home, a specification sheet available by request. No expense was spared with the superstructure, piled foundation, extra insulation, silent floor systems on both levels, 9 foot main floor ceilings, high end Armstrong flooring, energy efficient systems, roughed in for heated flooring in garage & lower level. The oversized heated garage is perfect for the home handy man who desires a year round workshop without sacrificing indoor parking for family vehicles. The kitchen offers ample cabinets, counter top, a breakfast bar & the open concept blends beautifully with the living room & dining area. A covered deck off the 4 season sunroom is a perfect retreat from the elements & the 6 person hot tub on the deck is a bonus.  More pictures and information can be found at listings.WinnipegRelocationSystems.com. Track the New Winnipeg MLS listings as they come onto the market and follow the Sold properties in any area by visiting  http://www.winnipegmarkettracker.com today. OPEN HOUSE SUNDAY JANUARY 24, 2-4 PM

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.