After reading this, be sure to check out my website

January-Dollar-Volume exceeds 100 Million Dollars for the first time ever!

Hello everyone:

Here are some of the highlights of the latest Winnipeg REALTORS® Press Release for February 2010.

Although the numbers of sales are below 500 units for the month, the “dollar-total” was, for the first time ever in a January, over $100 Million.  The fact that sales were lower is a reflection on the lack of homes on the market.  (As I had recently indicated in a video, available homes in Winnipeg numbered just over 500)

These lack of listings also resulted in the fact that 35% of homes sold above the list price, and the average residential-detached home price was up 17% over Jan 2009.

As usual, the most active sections of the market (residential detached) were in the $150K to $250 K range, making up 41% of the sales.

For more information, read the full press release.

Here are two of the most common questions Home-Buyers have:

Q: Why should I work with a REALTOR®. I can find the houses on my own!

A: FINDING them is just a small part of what real estate agents can do for you. Once you find a nice house, I can help you evaluate it, offer advice on how to structure your offer to make it more acceptable (thereby winning any possible bidding war), and I can even help you get pre-approved by a great lender. Please watch this video.

Q: My checking account is with a bank. Can’t I just go there to be pre-approved?

A: In this fast market, every buyer knows that pre-approval is required, so EVERY buyer already does that. It’s no longer sufficient just to be pre-approved, its actually more important to be pre-approved by the RIGHT lender. To find out HOW you do that, watch this video.

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I update this Blog on a regular basis, adding new listings, market updates, news and interesting (well, at least I think they’re interesting) pieces of information. You can make sure that you receive the posts by two ways: Subscribe to the RSS (check the toolbar along the bottom of the screen) or fill in this form and you’ll get the latest blog posts via e-mail, once a week.

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.com

Tagged as: buying, buying a house, mls, real estate market, realtor, Sold, winnipeg, winnipeg real estate, Winnipeg Real Estate Market Update