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Hello Everyone:
Winnipeg REALTORS® have just released their official MLS® sales statistics for the sales during the month of February 2010. Sales and dollar-volumes are up, kept in check only by the lack of ‘inventory’ on the market.
For dollar volume, for example, this February saw the highest sales-amount for ANY February on record. The $150 million dollars sold surpasses the previous February Record, set in 2008, by a whopping 9%.
Furthermore, 44% of homes sold for “Above List Price”, while coincidentally another 44% sold for less than list. (Call me anytime for a one-on-one personal explanation to this statistic). While the number of homes sold in February (712) is lower than past years, this is attributed to the fact that there are not as many listings available. Adding a personal observation, I know several clients who are just in the process of ‘fixing’ their homes and getting them ready, and I feel that this ‘lack of inventory’ is coming to an end fairly soon.
The average days on market is down to 29 day, for both houses and condos.
Speaking of Condos, 3/4 of condos sold were in the 150K to 200K range.
For a look at the press release, go here: Press Release for February 2010 MLS sales
Bo Kauffmann of Remax Performance Realty is the recipient of the 2009 Silver Medallion Award from Winnipeg REALTORS®, the Platinum Club Award from Remax, and is one of Winnipeg's top-producing Real Estate Agents. Check out his website at WinnipegHomeFinder, follow him on Twitter or email him at boknowshomes@gmail.comFree Market Evaluation and Blog-Post subscription
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Top-Producing REALTOR® with Re/Max Performance Realty. I work with Buyers and Sellers of homes and condos, with special knowledge in the field of Condominiums.
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{ 1 comment… read it below or add one }
Interesting statistics. It looks like the numbers you are posting appear to follow the general trend in Canadian realty. For example, realty in Calgary is predicted to grow by 17.7% in sales and 6.3% in price. While the predicted growth is at best modest, it shows that the markets are beginning to improve.