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	<title>Winnipeg&#039;s Real Estate Blog &#187; Market Updates</title>
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	<description>Advice for Winnipeg home and condo buyers and sellers</description>
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		<title>Winnipeg Real Estate Market report for May 2012</title>
		<link>http://bokauffmann.com/winnipeg-real-estate-market-report-for-may-2012/</link>
		<comments>http://bokauffmann.com/winnipeg-real-estate-market-report-for-may-2012/#comments</comments>
		<pubDate>Wed, 02 May 2012 13:21:00 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[General Real Estate Info]]></category>
		<category><![CDATA[Latest Posts]]></category>
		<category><![CDATA[Market Updates]]></category>
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		<category><![CDATA[Market Update]]></category>
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		<category><![CDATA[Winnipeg Real Estate Market Update]]></category>

		<guid isPermaLink="false">http://bokauffmann.com/?p=10258</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/winnipeg-real-estate-market-report-for-may-2012/"><img align="left" hspace="5" width="100" height="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/May2012-Winnipeg-Real-Estate-Update_thumb-125x125.jpg" class="alignleft tfe wp-post-image" alt="real estate market" title="Kauffman.R.E.UpdateMay2012" /></a>Real estate market update for Winnipeg&#38;amp;#039;s hot real estate market.  Showing listings and sales stats, taken from the MLS® and for homes and condos sold by Real Estate Agents for the past month.]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/winnipeg-real-estate-market-report-for-may-2012/" size="standard" count="true"></div></div><p></p><h2>May 2012 Real Estate Update for Winnipeg</h2>
<p>.<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/Market-Update-Video.001.jpg"><img class="alignright size-medium wp-image-10262" title="Market Update Video.001" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/Market-Update-Video.001-300x225.jpg" alt="real estate market" width="300" height="225" /></a></p>
<p>For May 2012, as I do every month, I take a closer look at the  sales and listings in Winnipeg.  I&#8217;ve segregated the real estate market along 3 different price ranges, from <a rel="nofollow" title="Remax Listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">&#8216;entry level&#8217; homes</a> (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally <a rel="nofollow" href="http://winnipeghomefinder.com/remax-luxury-properties.html" target="_blank">Winnipeg real estate luxury homes</a> (above $400,000).  This Winnipeg real estate market update will also report on <a rel="nofollow" title="Remax Condo listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">Condo Statistics in Winnipeg.</a></p>
<p>We include listings and sales inside Winnipeg, plus the bedroom communities of E/St Paul, and Headingley.  This Winnipeg real estate market update does NOT include vacant lots, but DOES include duplexes, mobile homes, detached and attached homes and townhouses.</p>
<p>One of the statistics we discuss are &#8220;Inventory Levels&#8221;.  We arrive at this figure by diving the currently available homes into the number-of-homes-sold in the past 30 days.  A really hot market will report inventory levels at 1 to 2 months, whereas a &#8216;Buyers Market&#8221; will show inventory levels around 8 to 12 months and more.  So the lower the number, the tougher it is for buyers.  As a guide, some cities in Canada measure inventory levels in many months, and in the U.S. they are talking about years.  Winnipeg on the other hand, is generally measured in WEEKS&#8230;.  so for example 0.9 months, or 1.3 months.</p>
<h3>Entry Level Homes ($50,000 to $199,999)</h3>
<p>This segment, along with the mid-range homes, is the most active in the Winnipeg real estate market.  Currently, we have 223 available listings for sale in this price range, a slight increase from the previous months&#8217; numbers of 198.  During April, however, Winnipeg REALTORS® have also sold 172 homes in this price range (a slight decrease from 181 in the previous month), resulting in an inventory level rise to 1.3 months.  In other words, if NO ONE listed their home, it would take, on average, just over 4 weeks to run out of homes-for-sale.</p>
<h3>Mid-Range Homes  ($200,000 to $399,999)</h3>
<p>This is the most active segment of the Winnipeg real estate market.  Currently we have 416 listings available, also a huge increase from last months&#8217; 256 available homes. In the past 30 days, we have sold 447 houses in this price range, (a significant jump from the previous months&#8217; 349 SOLD) resulting in less than 4 weeks of inventory on the market.   Whenever the sales for 1 month are higher than the numbers of available homes, you KNOW its a hot market.</p>
<h3>Luxury Homes (over $400,000)</h3>
<p>A decidedly slower segment of the Winnipeg real estate market are luxury homes, although over the past month it is showing signs of improvement.  However, when compared to other cities, even the luxury home market in Winnipeg is fairly hot.  We currently have 263 listings available in this price range, a sizable increase from last months&#8217; 210. Winnipeg REALTORS® have sold 86 homes in this range in the past month, (double the previous months&#8217;) resulting in an inventory level of 3.1 months, as you can see, a significantly drop from the previous months level of 4.9 months.</p>
<h3>Condominiums in Winnipeg</h3>
<p>While condos are definitely NOT for everyone, here are <a href="http://bokauffmann.com/2011/06/7-reasons-to-buy-a-condominium-in-winnipeg-infographic/" target="_blank">7 reasons why you might consider</a> one.  Currently, we have 238 Condos to choose from,  while having sold 106 units in the past month, making inventory levels drop to around 2.25 months months, a significant decrease from April levels.<br />
If you are looking to <a rel="nofollow" title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a rel="nofollow" title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help.</p>
<h3>Here is the graphic look at Winnipeg Real Estate Market</h3>
<p><a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/May2012-Winnipeg-Real-Estate-Update_thumb.jpg"><img class="alignright size-full wp-image-10259" title="Kauffman.R.E.UpdateMay2012" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/May2012-Winnipeg-Real-Estate-Update_thumb.jpg" alt="real estate market" width="650" height="905" /></a></p>
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		<title>April 2012 Real Estate Market Update for Winnipeg</title>
		<link>http://bokauffmann.com/april-2012-real-estate-market-update-for-winnipeg/</link>
		<comments>http://bokauffmann.com/april-2012-real-estate-market-update-for-winnipeg/#comments</comments>
		<pubDate>Mon, 02 Apr 2012 13:33:56 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[Blog]]></category>
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		<guid isPermaLink="false">http://bokauffmann.com/?p=9003</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/april-2012-real-estate-market-update-for-winnipeg/"><img align="left" hspace="5" width="100" height="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/04/web.Kauffman.R.E.UpdateApril2012-125x125.jpg" class="alignleft tfe wp-post-image" alt="Kauffman.R.E.UpdateApril2012" title="Kauffman.R.E.UpdateApril2012" /></a>Real Estate Market report for April 2012 . For April 2012, as I do every month, I take a closer look at the  Winnipeg real estate market.  I&#8217;ve segregated the real estate market along 3 different price ranges, from &#8216;entry level&#8217; homes (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally Winnipeg real estate [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/april-2012-real-estate-market-update-for-winnipeg/" size="standard" count="true"></div></div><p></p><h2>Real Estate Market report for April 2012</h2>
<p>.<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/04/Market-Update-Video-April.001.jpg"><img class="alignright size-medium wp-image-9006" title="Market Update Video April.001" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/Market-Update-Video-April.001-300x225.jpg" alt="Real Estate Market Update for Winnipeg" width="300" height="225" /></a></p>
<p>For April 2012, as I do every month, I take a closer look at the  Winnipeg real estate market.  I&#8217;ve segregated the real estate market along 3 different price ranges, from <a rel="nofollow" title="Remax Listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">&#8216;entry level&#8217; homes</a> (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally <a rel="nofollow" href="http://winnipeghomefinder.com/remax-luxury-properties.html" target="_blank">Winnipeg real estate luxury homes</a> (above $400,000).  This Winnipeg real estate market update will also report on <a rel="nofollow" title="Remax Condo listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">Condo Statistics in Winnipeg.</a></p>
<p>We include listings and sales inside Winnipeg, plus the bedroom communities of E/St Paul, and Headingley.  This Winnipeg real estate market update does NOT include vacant lots, but DOES include duplexes, mobile homes, detached and attached homes and townhouses.</p>
<p>One of the statistics we discuss are &#8220;Inventory Levels&#8221;.  We arrive at this figure by diving the currently available homes into the number-of-homes-sold in the past 30 days.  A really hot market will report inventory levels at 1 to 2 months, whereas a &#8216;Buyers Market&#8221; will show inventory levels around 8 to 12 months and more.  So the lower the number, the tougher it is for buyers.</p>
<h3>Entry Level Homes ($50,000 to $199,999)</h3>
<p>This segment, along with the mid-range homes, is the most active in the Winnipeg real estate market.  Currently, we have 198 available listings for sale in this price range, a slight increase from the previous months&#8217; numbers of 174.  During March, however, Winnipeg REALTORS® have also sold 181 homes in this price range (a significant increase from 135 in the previous month), resulting in an inventory level drop to 1.1 months.  In other words, if NO ONE listed their home, it would take, on average, just over 4 weeks to run out of homes-for-sale.  This is faster than the previous months, showing that we are in fact heading into a hot spring market.</p>
<h3>Mid-Range Homes  ($200,000 to $399,999)</h3>
<p>This is the most active segment of the Winnipeg real estate market.  Currently we have 256 listings available, also a slight increase from last months&#8217; 126 available homes. In the past 31 days, we have sold 349 houses in this price range, (a significant jump from the previous months&#8217; 242 SOLD) resulting in less than 3 weeks of inventory on the market.  This is an even tighter market than last month, mostly a result of brisk sales in this price range.  Whenever the sales for 1 month are higher than the numbers of available homes, you KNOW its a hot market.</p>
<h3>Luxury Homes (over $400,000)</h3>
<p>A decidedly slower segment of the Winnipeg real estate market are luxury homes, and over the past month, it slowed down even more.  However, when compared to other cities, even the luxury home market in Winnipeg is fairly hot.  We currently have 210 listings available in this price range, a sizable increase from last months&#8217; 197. Winnipeg REALTORS® have sold 43 homes in this range in the past month, resulting in an inventory level of 4.9 months, as you can see, a significantly drop from the previous months level of 4 months.</p>
<h3>Condominiums in Winnipeg</h3>
<p>While condos are definitely NOT for everyone, here are <a href="http://bokauffmann.com/2011/06/7-reasons-to-buy-a-condominium-in-winnipeg-infographic/" target="_blank">7 reasons why you might consider</a> one.  Currently, we have 211 Condos to choose from,  while having sold 118 units in the past month, making inventory levels drop to around 1.8 months months, a significant decrease from March levels.<br />
If you are looking to <a rel="nofollow" title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a rel="nofollow" title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help.</p>
<h3>Here is the graphic look at Winnipeg Real Estate Market</h3>
<p><a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/web.Kauffman.R.E.UpdateApril2012_thumb.jpg"><img class="aligncenter size-full wp-image-9008" title="Kauffman.R.E.UpdateApril2012" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/05/web.Kauffman.R.E.UpdateApril2012_thumb.jpg" alt="Winnipeg Real Estate Market Report" width="650" height="905" /></a></p>
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		<title>March 2012 Real Estate Update for Winnipeg</title>
		<link>http://bokauffmann.com/march-2012-real-estate-update-for-winnipeg/</link>
		<comments>http://bokauffmann.com/march-2012-real-estate-update-for-winnipeg/#comments</comments>
		<pubDate>Fri, 02 Mar 2012 14:43:40 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
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		<category><![CDATA[Winnipeg Real Estate Market Update]]></category>

		<guid isPermaLink="false">http://bokauffmann.com/?p=7114</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/march-2012-real-estate-update-for-winnipeg/"><img align="left" hspace="5" width="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/04/Market-Update-Title-page-.001-300x225.jpg" class="alignleft wp-post-image tfe" alt="" title="Market Update Title page .001" /></a>Winnipeg Real Estate Market Update for March 2012 . For March 2012, as I do every month, I take a closer look at the  Winnipeg real estate market.  I&#8217;ve divided the housing market along 3 different price ranges, from &#8216;entry level&#8217; homes (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally Winnipeg real estate [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/march-2012-real-estate-update-for-winnipeg/" size="standard" count="true"></div></div><p></p><p>Winnipeg Real Estate Market Update for March 2012</p>
<p>.<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/03/Market-Update-Title-page-.001.jpg"><img class="alignright size-medium wp-image-7118" title="Market Update Title page .001" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/04/Market-Update-Title-page-.001-300x225.jpg" alt="" width="300" height="225" /></a></p>
<p>For March 2012, as I do every month, I take a closer look at the  Winnipeg real estate market.  I&#8217;ve divided the housing market along 3 different price ranges, from <a rel="nofollow" title="Remax Listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">&#8216;entry level&#8217; homes</a> (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally <a rel="nofollow" href="http://winnipeghomefinder.com/remax-luxury-properties.html" target="_blank">Winnipeg real estate luxury homes</a> (above $400,000).  This Winnipeg real estate market update will also report on <a rel="nofollow" title="Remax Condo listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">Condo Statistics in Winnipeg.</a></p>
<p>We include listings and sales inside Winnipeg, plus the bedroom communities of E/St Paul, and Headingley.  This Winnipeg real estate market update does NOT include vacant lots, but DOES include duplexes, mobile homes, detached and attached homes and townhouses.</p>
<p>One of the statistics we discuss are &#8220;Inventory Levels&#8221;.  We arrive at this figure by diving the currently available homes into the number-of-homes-sold in the past 30 days.  A really hot market will report inventory levels at 1 to 2 months, whereas a &#8216;Buyers Market&#8221; will show inventory levels around 8 to 12 months and more.  So the lower the number, the tougher it is for buyers.</p>
<h3>Entry Level Homes ($50,000 to $199,999)</h3>
<p>This segment, along with the mid-range homes, is the most active in the Winnipeg real estate market.  Currently, we have 174 available listings for sale in this price range, a slight increase from the previous months&#8217; numbers of 168.  During February, Winnipeg REALTORS® have also sold 135 homes in this price range (up from 95 in the previous month), resulting in an inventory level drop to 1.28 months.  In other words, if NO ONE listed their home, it would take, on average, about 5 weeks to run out of homes-for-sale.  This is faster than the previous months, showing that we are in fact heading into a hot spring market.</p>
<h3>Mid-Range Homes  ($200,000 to $399,999)</h3>
<p>This is the most active segment of the Winnipeg real estate market.  Currently we have 226 listings available, also a slight increase from last months&#8217; 195 available homes. In the past 29 days, we have sold 242 houses in this price range, (a significant jump from the previous months&#8217; 150 SOLD) resulting in less than 1 months of inventory on the market.  This is an even tighter market than last month, mostly a result of brisk sales in this price range.</p>
<h3>Luxury Homes (over $400,000)</h3>
<p>A decidedly slower segment of the Winnipeg real estate market are luxury homes, and over the past month, it slowed down even more.  However, when compared to other cities, even the luxury home market in Winnipeg is fairly hot.  We currently have 197 listings available in this price range, a sizable increase from last months&#8217; 174. Winnipeg REALTORS® have sold 49 homes in this range in the past month, resulting in an inventory level of 4 months, as you can see, a significantly drop from the previous months level of 6 months.</p>
<h3>Condominiums in Winnipeg</h3>
<p>While condos are definitely NOT for everyone, here are <a href="http://bokauffmann.com/2011/06/7-reasons-to-buy-a-condominium-in-winnipeg-infographic/" target="_blank">7 reasons why you might consider</a> one.  Currently, we have 208 Condos to choose from,  while having sold 64 units in the past month, making inventory levels at around 3.25 months, a slight increase from January levels.<br />
If you are looking to <a rel="nofollow" title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a rel="nofollow" title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help.</p>
<h3>Here is the graphic look at Winnipeg Real Estate Market</h3>
<p><a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/04/Kauffman.R.E.UpdateMarch2012_thumb.jpg"><img class="aligncenter size-full wp-image-7149" title="Kauffman.R.E.UpdateDecember" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/04/Kauffman.R.E.UpdateMarch2012_thumb.jpg" alt="" width="650" height="905" /></a></p>
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		<title>Winnipeg Real Estate Market Update for February 2012</title>
		<link>http://bokauffmann.com/winnipeg-real-estate-market-update-for-february-2012/</link>
		<comments>http://bokauffmann.com/winnipeg-real-estate-market-update-for-february-2012/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 15:26:25 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
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		<guid isPermaLink="false">http://bokauffmann.com/?p=5595</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/winnipeg-real-estate-market-update-for-february-2012/"><img align="left" hspace="5" width="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/02/Market-Update-Video-Feb.001-300x225.jpg" class="alignleft wp-post-image tfe" alt="Winnipeg Real Estate Market Update" title="Market Update Video Feb.001" /></a>Winnipeg Real Estate Update Feb. 2012 . For February 2012, as I do every month, I take a closer look at the  Winnipeg real estate market.  I&#8217;ve divided the housing market along 3 different price ranges, from &#8216;entry level&#8217; homes (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally Winnipeg real estate luxury [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/winnipeg-real-estate-market-update-for-february-2012/" size="standard" count="true"></div></div><p></p><h2>Winnipeg Real Estate Update Feb. 2012</h2>
<p>.<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/02/Market-Update-Video-Feb.001.jpg"><img class="alignright size-medium wp-image-5610" title="Market Update Video Feb.001" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/02/Market-Update-Video-Feb.001-300x225.jpg" alt="Winnipeg Real Estate Market Update" width="300" height="225" /></a></p>
<p>For February 2012, as I do every month, I take a closer look at the  <b>Winnipeg real estate</b> market.  I&#8217;ve divided the housing market along 3 different price ranges, from <a title="Remax Listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">&#8216;entry level&#8217; homes</a> (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally <a href="http://winnipeghomefinder.com/remax-luxury-properties.html" target="_blank"><i>Winnipeg real estate</i> luxury homes</a> (above $400,000).  This <u>Winnipeg real estate</u> market update will also report on <a title="Remax Condo listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">Condo Statistics in Winnipeg.</a></p>
<p>For this report, we will look at all houses and condos inside the Winnipeg real estate zone, with E.St. Paul and Headingley added as well.  This Winnipeg real estate market update does NOT include vacant lots, but DOES include duplexes, mobile homes, detached and attached homes and townhouses.</p>
<p>One of the statistics we are providing is &#8220;Inventory Levels&#8221;.  We arrive at this figure by diving the currently available homes into the number-of-homes-sold in the past 30 days.  A really hot market will report inventory levels at 1 to 2 months, whereas a &#8216;Buyers Market&#8221; will show inventory levels around 8 to 12 months and more.</p>
<h3>Entry Level Homes ($50,000 to $199,999)</h3>
<p>This segment, along with the mid-range homes, is the most active in the Winnipeg real estate market.  Right now, Winnipeg has only 168 available listings for sale in this price range, a slight increase from the previous months&#8217; numbers of 143.  During the past month, Winnipeg REALTORS® have also sold 95 homes in this price range (down from 127 in the previous month), resulting in an inventory level of 1.76 months.  In other words, if NO ONE listed their home, it would take, on average, about 4 weeks to run out of homes-for-sale.  This is actually an increase over the month of December, which is due to slower sales in January 2012.</p>
<h3>Mid-Range Homes  ($200,000 to $399,999)</h3>
<p>This is the most active segment of the Winnipeg real estate market.  Currently we have 195 listings available, also a slight increase from last months&#8217; 170 available homes. In the past 31 days, we have sold 150 houses in this price range, (a drop from the previous month of 175 SOLD) resulting in 1.3 months of inventory on the market.  This is an even tighter market than last month, mostly a result of fewer listings in this price range.</p>
<h3>Luxury Homes (over $400,000)</h3>
<p>A decidedly slower segment of the Winnipeg real estate market are luxury homes, and over the past month, it slowed down even more.  However, when compared to other cities, even the luxury home market in Winnipeg is fairly hot.  We currently have 174 listings available in this price range, a sizable increase from last months&#8217; 133. Winnipeg REALTORS® have sold just 29 homes in this range in the past 31 days, resulting in an inventory level of 6 months, as you can see, a significantly different number than the levels in lower-priced homes.</p>
<h3>Condominiums in Winnipeg</h3>
<p>While condos are definitely NOT for everyone, here are <a href="http://bokauffmann.com/2011/06/7-reasons-to-buy-a-condominium-in-winnipeg-infographic/" target="_blank">7 reasons why you might consider</a> one.  Currently, we have only 174 Condos to choose from,  while having sold 56 units in the past month, making inventory levels at around 3.1 months, a slight increase from January levels.<br />
If you are looking to <a title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help.</p>
<h3>Here is the graphic look at Winnipeg Real Estate Market</h3>
<p><a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/02/Kauffman.R.E.UpdateFebruary2012C_thumb.jpg"><img class="aligncenter size-full wp-image-5615" title="Kauffman.R.E.UpdateFebruary2012C_thumb" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/02/Kauffman.R.E.UpdateFebruary2012C_thumb.jpg" alt="Winnipeg Real Estate Update" width="650" height="905" /></a></p>
<p>&nbsp;</p>
<h6 class="zemanta-related-title" style="font-size: 1em;">Related articles</h6>
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<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/january-2012-winnipeg-real-estate-market-update/">January 2012 Winnipeg Real Estate Market Update</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/now-is-a-very-good-time-to-list-your-house-or-condo/">Winnipeg spring 2012: A great time to sell real estate?</a> (bokauffmann.com)</li>
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		<title>City Assessment Value vs. Market Value: How closely related ARE they?</title>
		<link>http://bokauffmann.com/assessed-value-vs-market-value/</link>
		<comments>http://bokauffmann.com/assessed-value-vs-market-value/#comments</comments>
		<pubDate>Sun, 29 Jan 2012 15:26:23 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[A Vids]]></category>
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		<guid isPermaLink="false">http://bokauffmann.com/?p=355</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/assessed-value-vs-market-value/"><img align="left" hspace="5" width="100" src="http://upload.wikimedia.org/wikipedia/commons/thumb/7/79/Lesislaturemb.jpg/300px-Lesislaturemb.jpg" class="alignleft wp-post-image tfe" alt="English: Legislature" title="English: Legislature" /></a>City Assessment Value vs. Market Value &#160; Every now and then, and usually in the busy spring market, I will meet with home and condo buyers who make reference to &#8220;City Assessment Value&#8221; of homes.  These folks were placing a lot of weight on the City of Winnipeg Assessment Value of the homes the either [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/assessed-value-vs-market-value/" size="standard" count="true"></div></div><p></p><h2>City Assessment Value vs. Market Value</h2>
<p>&nbsp;</p>
<div class="wp-caption alignright" style="width: 300px">
	<a rel="nofollow" href="http://commons.wikipedia.org/wiki/File:Lesislaturemb.jpg"><img class="zemanta-img-inserted zemanta-img-configured" title="English: Legislature" src="http://upload.wikimedia.org/wikipedia/commons/thumb/7/79/Lesislaturemb.jpg/300px-Lesislaturemb.jpg" alt="English: Legislature" width="300" height="201" /></a>
	<p class="wp-caption-text">Image via Wikipedia</p>
</div>
<p><span style="color: #000000;">Every now and then, and usually in the busy spring market, I will meet with home and condo buyers who make reference to &#8220;<i>City Assessment</i> Value&#8221; of homes.  These folks were placing a lot of weight on the City of Winnipeg Assessment Value of the homes the either own, or wish to purchase, and were questioning whether the &#8220;Listing Price&#8221; of a certain house was realistic, or whether it was too high.</span></p>
<p>Now, anyone who has ever read any of my blog, or spoken to me directly, knows that in my opinion, &#8220;Listing Prices&#8221; in Winnipeg are most often set unrealistically LOW&#8230;.  so having people suggest that the listing price was too high was something new&#8230;.:-)</p>
<p>I explained that <u>City Assessment</u> has, in actuality, very little to do with real Market Value.  There are several reasons for this, including:</p>
<p>&nbsp;</p>
<blockquote><p><strong>1) City Assessment does not know about recent improvements to the home, such as New Furnace, New Windows, Fully Finished Basements, etc</strong></p>
<p><strong>2) City Assessment does not take into consideration any additions to the home, such as sunrooms, family rooms, swimming pools</strong></p>
<p><strong>3) City Assessment is unable to keep up with fast changing market increases in Winnipeg.</strong></p></blockquote>
<p>.</p>
<p>I went thru this exercise a couple of years ago, but I am confident that the results would be no different today.  In 2010 I checked a dozen different, random sales.</p>
<p>&nbsp;</p>
<p><strong>Neighbourhood        Style                      List $              Sold $           City Assessment</strong></p>
<p>River Heights                Bng                         219,900            219,900           <span style="color: #ff0000;"> 196,000</span></p>
<p>River Heights               2-St.                        279,900            295,200           <span style="color: #ff0000;"> 251,000</span></p>
<p>Charleswood                  Bng                        249,900            249,900           <span style="color: #ff0000;"> 226,000</span></p>
<p>Charleswood                  2-St                       289,900            282,000           <span style="color: #ff0000;"> 231,000</span></p>
<p>LindenWoods                2-St                        289,900            297,000           <span style="color: #ff0000;"> 276,000</span></p>
<p>River Park South            Bng                        199,900            232,500           <span style="color: #ff0000;"> 179,000</span></p>
<p>River Park South            Bng                        249,900            285,700           <span style="color: #ff0000;"> 237,000</span></p>
<p>River Park South            2-St                       299,900            280,200          <span style="color: #ff0000;"> 223,000</span></p>
<p>Island Lakes                     Bng                      239,000             245,000           <span style="color: #ff0000;"> 196,000</span></p>
<p>St.James/Assin.              2-St                      279,900              279,000          <span style="color: #ff0000;"> 242,000</span></p>
<p>St.James/Assin.              Bng                        249,000            280,500          <span style="color: #ff0000;"> 211,000</span></p>
<p>W/Kildonan                     Bng                        209,900            217,000          <span style="color: #ff0000;"> 188,000</span></p>
<p>Garden Grove                  Bng                        239,900            239,000          <span style="color: #ff0000;"> 204,000</span></p>
<p>&nbsp;</p>
<p><span style="color: #000000;">Some astute folks will no doubt point out that some homes actually sold for less-than-asking, but that&#8217;s the subject for a different blog post altogether.</span></p>
<p>If you are looking to <a rel="nofollow" title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a rel="nofollow" title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help!</p>
<p>&nbsp;</p>
<h6 class="zemanta-related-title" style="font-size: 1em;">Related articles</h6>
<ul class="zemanta-article-ul">
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/listing-expired-house-did-not-sell-what-is-the-next-step/">Expired Listing? House did not sell? What is the next step?</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/top-6-winnipeg-real-estate-blog-posts-of-2011/">Top 6 Winnipeg Real Estate Blog posts of 2011</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/now-is-a-very-good-time-to-list-your-house-or-condo/">Winnipeg spring 2012: A great time to sell real estate?</a> (bokauffmann.com)</li>
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		<title>Top 6 Winnipeg Real Estate Blog posts of 2011</title>
		<link>http://bokauffmann.com/top-6-winnipeg-real-estate-blog-posts-of-2011/</link>
		<comments>http://bokauffmann.com/top-6-winnipeg-real-estate-blog-posts-of-2011/#comments</comments>
		<pubDate>Thu, 19 Jan 2012 14:53:17 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[Blog]]></category>
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		<guid isPermaLink="false">http://bokauffmann.com/?p=5411</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/top-6-winnipeg-real-estate-blog-posts-of-2011/"><img align="left" hspace="5" width="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/Picture-1-300x199.png" class="alignleft wp-post-image tfe" alt="" title="Picture 1" /></a>6 Most-Read Posts of Winnipeg&#8217;s Real Estate Blog in 2011 . It has been a very good year for Winnipeg&#8217;s Real Estate Blog.  Lots of new readers are enjoying the posts and updates featured here.  Here are the 6 most-read blog posts of the past year. &#160; Winnipeg REALTORS® Keystone Matrix® tutorial &#8211; Winnipeg&#8217;s Real [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/top-6-winnipeg-real-estate-blog-posts-of-2011/" size="standard" count="true"></div></div><p></p><h2>6 Most-Read Posts of Winnipeg&#8217;s Real Estate Blog in 2011</h2>
<p>.<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/Picture-1.png"><img class="alignright size-medium wp-image-5415" title="Picture 1" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/Picture-1-300x199.png" alt="" width="300" height="199" /></a></p>
<p>It has been a very good year for Winnipeg&#8217;s Real Estate Blog.  Lots of new readers are enjoying the posts and updates featured here.  Here are the 6 most-read blog posts of the past year.</p>
<p>&nbsp;</p>
<p><strong><a href="http://bokauffmann.com/winnipeg-realtors%C2%AE-keystone-matrix%C2%AE-tutorial/"><strong>Winnipeg REALTORS</strong>® <strong>Keystone Matrix</strong>® <strong>tutorial</strong> &#8211; <strong>Winnipeg&#8217;s Real</strong> <strong>&#8230;</strong></a></strong></p>
<p><em>Winnipeg REALTORS</em>® are using <em>Keystone Matrix</em>®, a new search program to help educate buyers in Winnipeg. Here is a short <em>tutorial</em> on how to use this new system. Great info for buyers of houses and condos in Winnipeg.</p>
<p><strong>Publish Date:</strong> 06/06/2010 15:48</p>
<p><span style="color: #007000;">http://bokauffmann.com/winnipeg-realtors%C2%AE-keystone-matrix%C2%AE-tutorial/</span></p>
<p><strong><a href="http://bokauffmann.com/posting-private-sales-on-the-mls-be-careful-what-you-wish-for/"><strong>Private Sales posted</strong> on the <strong>MLS</strong>®? Selling your home without a <strong>&#8230;</strong></a></strong></p>
<p>The main reason for the success of the MLS® system in Canada is the commission-sharing incentives between it&#8217;s agents.  Remove THAT, and you end up reducing the effectiveness of this system down to that of just another private sale website., <strong>&#8230;</strong></p>
<p><strong>Publish Date:</strong> 03/23/2010 10:27</p>
<p><span style="color: #007000;">http://bokauffmann.com/posting-private-sales-on-the-mls-be-careful-what-you-wish-for/</span></p>
<p><strong><a href="http://bokauffmann.com/costs-involved-in-buying-a-house-or-condo/">Closing <strong>Costs</strong>: What Winnipeg <strong>Home Buyers</strong> need to know before <strong>&#8230;</strong></a></strong></p>
<p>House and <em>Condo</em> buyers in Winnipeg face an assortment of Closing <em>Costs</em> when <em>purchasing a home</em>. Here is a list of these <em>costs</em>.</p>
<p><strong>Publish Date:</strong> 11/15/2010 20:21</p>
<p><span style="color: #007000;">http://bokauffmann.com/costs-involved-in-buying-a-house-or-condo/</span></p>
<p><strong><a href="http://bokauffmann.com/55-plus-condos-in-winnipeg/"><strong>55 plus Condominiums in Winnipeg</strong>. <strong>Right</strong> choice for the active <strong>&#8230;</strong></a></strong></p>
<p><em>55 plus Condominiums in Winnipeg: Are they right for YOU</em>? by Bo Kauffmann on September 10, 2010. After reading this, be sure to check out Winnipeg Home Finder · Print This Post · Share <em>55 plus Condominiums in Winnipeg: Are they right</em> <strong>&#8230;</strong></p>
<p><strong>Publish Date:</strong> 09/10/2010 14:41</p>
<p><span style="color: #007000;">http://bokauffmann.com/55-plus-condos-in-winnipeg/</span></p>
<p><strong><a href="http://bokauffmann.com/why-an-nhl-return-to-winnipeg-would-be-good-news-for-our-city/"><strong>Why an NHL return to Winnipeg would be good news for our city</strong></a></strong></p>
<p>A <em>NHL return to Winnipeg</em> is much more than just a <em>good</em> thing for hockey fans. It&#8217;s great for <em>Winnipeg&#8217;s</em> image and economy. <em>NHL return would</em> be a <em>good</em> thing.</p>
<p><strong>Publish Date:</strong> 05/21/2011 9:41</p>
<p><span style="color: #007000;">http://bokauffmann.com/why-an-nhl-return-to-winnipeg-would-be-good-news-for-our-city/</span></p>
<p><strong><a href="http://bokauffmann.com/what-to-do-on-date-night-in-downtown-winnipeg/"><strong>What to do on Date Night in Downtown Winnipeg</strong></a></strong></p>
<p>Looking for a few suggestions on <em>what to do</em> on a &#8216;<em>date</em>&#8216; in <em>downtown Winnipeg</em>? Here are some ideas.</p>
<p><strong>Publish Date:</strong> 05/18/2011 9:35</p>
<p><span style="color: #007000;">http://bokauffmann.com/what-to-do-on-date-night-in-downtown-winnipeg/</span></p>
<p>&nbsp;</p>
<p>I truly hope you enjoy reading this blog, and find the information helpful.  If and when the time comes to <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">SELL you house or condo</a>, please do not hesitate to  <a href="mailto:boknowshomes@gmail.com?subject=I%20wish%20to%20sell%20my%20home">e-mail me</a>  or call me on my cell at 204-333-2202.</p>
<p>If you&#8217;re looking to <a rel="nofollow" title="Winnipeg Remax House Listings" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">BUY a house</a>  or a <a rel="nofollow" title="Winnipeg Remax Condo Listings" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">condo</a>, please call me so that we can set up a meeting and get started on the right path.  I love working with home and condo buyers AND sellers.</p>
<p>&nbsp;</p>
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		<title>Real Estate Market Forecast for Winnipeg in spring of 2012</title>
		<link>http://bokauffmann.com/real-estate-market-forecast-for-winnipeg-in-spring-of-2012/</link>
		<comments>http://bokauffmann.com/real-estate-market-forecast-for-winnipeg-in-spring-of-2012/#comments</comments>
		<pubDate>Mon, 16 Jan 2012 15:33:09 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
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		<category><![CDATA[Winnipeg Real Estate Market Update]]></category>

		<guid isPermaLink="false">http://bokauffmann.com/?p=5368</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/real-estate-market-forecast-for-winnipeg-in-spring-of-2012/"><img align="left" hspace="5" width="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/3719448961_6393fa69d2-300x199.jpg" class="alignleft wp-post-image tfe" alt="real estate market" title="Real Estate Market Forecast" /></a>Housing and Condo Real Estate Market outlook . At this time of year, news organizations, real estate associations/companies and mortgage industry experts all like to predict the future of the real estate market for the upcoming year.  We need to be aware that many of these organizations, especially the national news media, take an overall [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/real-estate-market-forecast-for-winnipeg-in-spring-of-2012/" size="standard" count="true"></div></div><p></p><h2>Housing and Condo Real Estate Market outlook</h2>
<p>.</p>
<div id="attachment_5378" class="wp-caption alignright" style="width: 300px">
	<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/3719448961_6393fa69d2.jpg"><img class="size-medium wp-image-5378" title="Real Estate Market Forecast" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/3719448961_6393fa69d2-300x199.jpg" alt="real estate market"width="300" height="199" /></a>
	<p class="wp-caption-text">Credit to bernat&#39;s photostream on flickr</p>
</div>
<p>At this time of year, news organizations, real estate associations/companies and mortgage industry experts all like to predict the future of the <b>real estate market</b> for the upcoming year.  We need to be aware that many of these organizations, especially the national news media, take an overall look at the canadian market in general.  However, if you live in Winnipeg, and are thinking of buying or selling your house or condo here, you need to know what the LOCAL real estate picture looks like.  When attempting to predict the <i>real estate market</i>, we need to look at several factors, including mortgage rates, unemployement rates, rental vacancy rates and <a rel="nofollow" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">availability of houses</a> and condos for sale.  So here are my personal* predictions for the upcoming spring market:</p>
<h3>Interest Rates</h3>
<p>Advertised rates as low as 2.5% will certainly help in pushing sales.  Bank of Canada has recently indicated that these rates are expected to remain low thruout 2012 and into 2013.</p>
<h3>Unemployment Rates</h3>
<p>Winnipeg and Manitoba are enjoying some of the lowest unemployment rates in the country, a factor which helps stimulate the local <u>real estate market</u> as well.  Another factor is immigration, where the Manitoba Government has been active in promoting and opening up our Province to immigrant from all around the globe.  New immigrants need homes&#8230;.</p>
<h3>Rental Vacancy Rates</h3>
<p>A recent study showed Winnipeg rental vacancy rates at below 1%&#8230;..the lowest of the 38 municipalities included in this study.  Low vacancy rates adds pressure on the housing market&#8230;..after all, if people can not find a rental property, they may be forced to buy a house or condo.</p>
<h3>Real Estate Market availability</h3>
<p>What REALTORS® call &#8216;Inventory&#8221;, the numbers of available houses and condos in Winnipeg.  Thruout 2011, the number of available houses fluctuated between 600 at the low end, and up to over 1,000 during the fall months.  Available condos are usually between 200 and 300 thruout the year.  Right now (early January 2012) we have approximately 450 houses for sale, and only <a rel="nofollow" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">160 condos for sale</a>.</p>
<p>So my personal* forecast prediction for Winnipeg&#8217;s real estate market in the upcoming months: HOT.  All the indicators seem to point to a significant buyer-activity at the same time when available inventory is at an all-time low.  Supply and Demand&#8230;.</p>
<p>If you are looking to <a rel="nofollow" title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a rel="nofollow" title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help!</p>
<p>* This is my personal prediction/forecast and is in no way endorsed by my broker or by Re/Max.</p>
<p>&nbsp;</p>
<h4><span style="font-size: 1em;">Related articles</span></h4>
<ul class="zemanta-article-ul">
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/winnipeg-real-estate-market-snapshot-december-2011-video/">Winnipeg Real Estate Market Snapshot December 2011 (Video)</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/when-is-the-best-time-to-buy-a-house-or-condo/">WHEN is the best time to buy a house (or condo)?</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/2011/09/winnipeg-real-estate-quick-update-1000-houses-213-condos-available/">Winnipeg Real Estate Quick-Update: 1000 Houses &amp; 213 Condos available</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/2011/09/whats-wrong-with-this-condo/">What&#8217;s wrong with this Condo?</a> (bokauffmann.com)</li>
</ul>
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		<title>Winnipeg spring 2012: A great time to sell real estate?</title>
		<link>http://bokauffmann.com/now-is-a-very-good-time-to-list-your-house-or-condo/</link>
		<comments>http://bokauffmann.com/now-is-a-very-good-time-to-list-your-house-or-condo/#comments</comments>
		<pubDate>Wed, 11 Jan 2012 16:46:05 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[Blog]]></category>
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		<guid isPermaLink="false">http://bokauffmann.com/?p=350</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/now-is-a-very-good-time-to-list-your-house-or-condo/"><img align="left" hspace="5" width="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2011/02/Survey-300x225.jpg" class="alignleft wp-post-image tfe" alt="" title="Survey" /></a>Is NOW a good time to list/sell your house or condo in Winnipeg? . Home sellers often ask me :&#8221;When is it a good time to list your home or sale?&#8221; In Winnipeg, during the past 5 years, the answer would have almost always been :&#8221;Right Now&#8221;.    Winnipeg&#8217;s Real Estate Market has remained hot, even [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/now-is-a-very-good-time-to-list-your-house-or-condo/" size="standard" count="true"></div></div><p></p><h2>Is NOW a good time to list/sell your house or condo in Winnipeg?</h2>
<p>.</p>
<div id="attachment_2472" class="wp-caption alignright" style="width: 300px">
	<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2011/02/Survey.jpg"><img class="size-medium wp-image-2472" title="Survey" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2011/02/Survey-300x225.jpg" alt="" width="300" height="225" /></a>
	<p class="wp-caption-text">Photo Credit to &quot;emples&#39; photostream&quot; on Flickr</p>
</div>
<p>Home sellers often ask me :&#8221;When is it a good time to list your home or sale?&#8221;</p>
<p>In Winnipeg, during the past 5 years, the answer would have almost always been :&#8221;Right Now&#8221;.    Winnipeg&#8217;s Real Estate Market has remained hot, even during the economic slow-down which effected the rest of the country and world.  However, RIGHT NOW (spring 2012) our market is truly ready for home-sellers to list their houses and condos.</p>
<p>Buyers are starting to come out and look for their next home and a finding a severe lack of good homes.  For example, here are the numbers of <a rel="nofollow" title="Remax Listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">homes available</a> in the following areas:</p>
<blockquote>
<h4>Windsor Park:  6 Homes</h4>
<h4>Southdale: 7 Homes</h4>
<h4>River Park South AND South St.Vital:  13 Homes</h4>
<h4>Richmond West: 3 Homes</h4>
<h4>Whyte Ridge:  1 Home</h4>
<h4>LindenWoods and LindenRidge : 5 Homes</h4>
</blockquote>
<p>.</p>
<p>These are just some of the examples of neighbourhoods running short of listings.  So if you are thinking of selling your house (or condo) NOW may be an excellent time to take a look at your options.</p>
<p>Please call me anytime for a <a rel="nofollow" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">free market evaluation</a>.  I look forward to helping you.</p>
<h4>Here are a few of the most common questions home-owners have, and answers to them:</h4>
<p>&nbsp;</p>
<h4>Q: What kind of questions should we ask a prospective Listing Agent?</h4>
<p>A: Here is a guide to some of the important points to ask a Listing Agent. Please see the video in this <a title="Questions to ask your agent" href="http://bokauffmann.com/2010/questions-to-ask-your-listing-agent">post.</a></p>
<h4>Q: How do we create a &#8216;bidding war&#8217; for our house or condo?</h4>
<p>A: There are several ingredients to creating a bidding war, including: Setting a realistic Asking Price, generating lots of Buyer Interest and also the status of the current market. For a video explanation, see this <a title="Ingredients for a Bidding War" href="http://bokauffmann.com/2010/3-ingredients-to-creating-a-bidding-war-2">post.</a></p>
<h4>Q: If we receive a full-price offer on our home, are we obligated to accept it?</h4>
<p>A: No. If you were a store-owner, advertising a quart of milk for $1.00, you WOULD be obligated to sell at that price (or issue rainchecks), however home-owners are exempt from the laws that govern this issue. However, while no one can force a home-owner to sell at an advertised price, the question remains: &#8220;If he/she was not going to accept $220,000 for the home, WHY did we LIST it at that price?&#8221; For more indepth explanation, please watch the video in this <a title="Full Price Offer" href="http://bokauffmann.com/2010/homeseller-question-1-full-price-offer-2">post.</a></p>
<h4>Q: We&#8217;ve just received a letter from a Real Estate agent claiming that he has &#8220;several buyers for our house&#8221;. What should we do?</h4>
<p>A: Call me direct, at 333-2202, anytime. By listing your home with me, we will find ALL the agents who have buyers for your home, thereby assuring you complete exposure and the best possible chance at getting multiple offers. For a further explanation, please check out the video in this <a title="&quot;We Have Buyers for Your Home&quot; Video" href="http://bokauffmann.com/2010/vlog-10-buyers-for-your-home">post.</a></p>
<h4>Q: What about these Free Over-the-Internet Home Evaluations? How do they work?</h4>
<p>A: In this fast market, where the values of homes change on a weekly basis, you need to know precisely what your home is worth. The ONLY way this can be established is by having an agent come into your home. These &#8220;over-the-net&#8221; evaluations are a hook to get the home-owners to call these companies, which then sell your information back to a REALTOR® who ends up having to come to your house anyway. For a personal market evaluation, call me anytime. For more info, watch the video in this <a href="http://bokauffmann.com/2010/free-internet-home-evaluations-how-do-they-work">post.</a></p>
<h4>Q: Since this market is so hot, can&#8217;t I sell my home by myself?</h4>
<p>A: In many cases you CAN sell your own home. It&#8217;s not secret that there are many buyers looking at houses, so simply by placing a &#8220;For Sale&#8221; sign on your property, you may indeed have strangers come to your door or call you up, showing interest in your home. But here is the key: In a HOT market, there may be MANY people interested in your home. Private Sales have, traditionally, made up between 5% and 10% of the entire market&#8230;. always have, and probably always will. Since you are looking for the BEST BUYER for your home, what are the chances that this elusive person is in that 5-10% portion of the market? Add to this the fact that the most serious Buyers are working with Real Estate Agents, and you quickly come to the realization that by trying to sell privately, the home-owner is missing out on a huge, and very important part of the market.</p>
<h4>Q: Is there a difference between REALTORS®? I mean, they all provide the same service, don&#8217;t they?</h4>
<p>A: We are all called REALTORS®, we all place homes on the M.L.S.®, but that&#8217;s pretty much where the similarities end. Just as no 2 lawyers are the same, no 2 doctors are the same, so we can quickly see the differences between Real Estate professionals. I always say: You hire a REALTOR® for one reason: To do the marketing and advertising for your home, and this is where a huge difference becomes apparent. To see my marketing plan, click on the video at the top right side of this page, I think it tells the whole story.</p>
<p>.</p>
<h4>I update this Blog on a regular basis, adding new listings, market updates, news and interesting (well, at least I think they&#8217;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&#8217;ll get the latest blog posts via e-mail, once a week.</h4>
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<em><br />
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&#8217;s top-producing Real Estate Agents. Check out his website at <a rel="nofollow" title="Website" href="http://www.winnipeghomefinder.com" target="_blank">WinnipegHomeFinder</a>, follow him on <a rel="nofollow" href="http://www.twitter.com/bokauffmann" target="_blank">Twitter</a> or email him at <a href="mailto:boknowshomes@gmail.com"> boknowshomes@gmail.com<em></em></a></em></p>
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		<title>January 2012 Winnipeg Real Estate Market Update</title>
		<link>http://bokauffmann.com/january-2012-winnipeg-real-estate-market-update/</link>
		<comments>http://bokauffmann.com/january-2012-winnipeg-real-estate-market-update/#comments</comments>
		<pubDate>Mon, 09 Jan 2012 16:57:02 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[Blog]]></category>
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		<category><![CDATA[Winnipeg Real Estate Market Update]]></category>

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		<description><![CDATA[<a href="http://bokauffmann.com/january-2012-winnipeg-real-estate-market-update/"><img align="left" hspace="5" width="100" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/Market-Update-Video-January.001-300x225.jpg" class="alignleft wp-post-image tfe" alt="Winnipeg Real Estate Market" title="Market Update January 2012" /></a>Winnipeg Real Estate Market Update for January 2012 . Every month, I produce a Real Estate Market Update for Winnipeg&#8217;s real estate market.  I&#8217;ve divided the housing market along 3 different price ranges, from &#8216;entry level&#8217; homes (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally &#8216;luxury homes&#8217; (above $400,000).  This real estate market update [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/january-2012-winnipeg-real-estate-market-update/" size="standard" count="true"></div></div><p></p><h2>Winnipeg Real Estate Market Update for January 2012</h2>
<p>.<a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/Market-Update-Video-January.001.jpg"><img class="alignright size-medium wp-image-5330" title="Market Update January 2012" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/Market-Update-Video-January.001-300x225.jpg" alt="Winnipeg Real Estate Market"width="300" height="225" /></a></p>
<p>Every month, I produce a Real Estate Market Update for Winnipeg&#8217;s real estate market.  I&#8217;ve divided the housing market along 3 different price ranges, from <a rel="nofollow" title="Remax Listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-single-family.html" target="_blank">&#8216;entry level&#8217; homes</a> (between $50,000 and $199,999), to &#8216;mid-range homes&#8217; (between $200,000 and $399,999)  and finally <a rel="nofollow" href="http://winnipeghomefinder.com/remax-luxury-properties.html">&#8216;luxury homes&#8217; </a>(above $400,000).  This real estate market update will also report on <a rel="nofollow" title="Remax Condo listings in Winnipeg" href="http://winnipeghomefinder.com/remax-properties-condos.html" target="_blank">Condo Statistics in Winnipeg.</a></p>
<p>For this report, we will look at all houses and condos inside Winnipeg, with E.St. Paul and Headingley added as well.  This real estate market update does NOT include vacant lots, but DOES include duplexes, mobile homes, detached and attached homes and townhouses.</p>
<p>One of the statistics we are providing is &#8220;Inventory Levels&#8221;.  We arrive at this figure by diving the currently available homes into the number-of-homes-sold in the past 30 days.  A really hot market will report inventory levels at 1 to 2 months, whereas a &#8216;Buyers Market&#8221; will show inventory levels around 8 to 12 months and more.</p>
<h3>Entry Level Houses ($50,000 to $199,999)</h3>
<p>This segment, along with the mid-range homes, is the most active in Winnipeg.  Right now, Winnipeg has just 143 available listings for sale in this price range, a sharp decline from the previous months&#8217; numbers of 253.  During the past 30 days, Winnipeg REALTORS® have also sold 127 homes in this price range (down from 167 in the previous month), resulting in an inventory level of 1.1 months.  In other words, if NO ONE listed their home, it would take, on average, about 4 weeks to run out of homes-for-sale.</p>
<h3>Mid-Range Houses  ($200,000 to $399,999)</h3>
<p>This is the most active segment of the <b>Winnipeg real estate market</b>.  Currently we have 170 listings available, and sharp decrease from last months&#8217; 286. In the past 30 days, we have sold 175 houses in this price range, resulting in 1 month of inventory on the market.  This is an even tighter market than last month, mostly a result of fewer listings in this price range.</p>
<h3>Luxury Houses (over $400,000)</h3>
<p>A decidedly slower segment of our market are luxury homes, and over the past month, it slowed down even more.  However, when compared to other cities, even the luxury home market in Winnipeg is fairly hot.  We currently have 133 listings available in this price range, a significant drop of nearly 30% from last months&#8217; available homes of 204.  A large reason for this is the fact that many listings were set to &#8216;expire&#8217; at the end of the calendar year, and so if they did not sell, simply dropped out of the market.  REALTORS® have sold 77 homes in this range in the past 30 days, resulting in an inventory level of 1.7 months, as you can see, a significantly drop from the previous month.</p>
<h3>Condominiums in Winnipeg</h3>
<p>While condos are definitely NOT for everyone, here are <a href="http://bokauffmann.com/2011/06/7-reasons-to-buy-a-condominium-in-winnipeg-infographic/" target="_blank">7 reasons why you might consider</a> one.  Currently, we have only 158 Condos to choose from,  while having sold 72 units in the past month, making inventory levels at around 2.2 months, a steep decline from December.<br />
If you are looking to <a rel="nofollow" title="Home Finder" href="http://winnipeghomefinder.com/dreamhomefinder.html" target="_blank">buy a house</a>, or <a rel="nofollow" title="Condo Finder" href="http://winnipeghomefinder.com/condominiums.html" target="_blank">buy a condo,</a> or <a rel="nofollow" title="Free Market Evaluation" href="http://winnipeghomefinder.com/home-evaluation.html" target="_blank">thinking of selling</a>, contact me via cell at 333-2202 or email me anytime.  I&#8217;d love to help.</p>
<h3>Here is the graphic look at Winnipeg Real Estate Market</h3>
<p><a href="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/web.Kauffman.R.E.UpdateJanuary2012_thumb.jpg"><img class="aligncenter size-full wp-image-5383" title="Winnipeg Real Estate Market" src="http://myblog.remax2.netdna-cdn.com//wp-content/uploads/2012/01/web.Kauffman.R.E.UpdateJanuary2012_thumb.jpg" alt="Winnipeg Real Estate Market"width="650" height="905" /></a></p>
<h6 class="zemanta-related-title" style="font-size: 1em;">Related articles</h6>
<ul class="zemanta-article-ul">
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/winnipeg-real-estate-market-snapshot-december-2011-video/"><i>Winnipeg Real Estate Market</i> Snapshot December 2011 (Video)</a> (bokauffmann.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bokauffmann.com/winnipeg-real-estate-market-snapshot-november-2011-video/"><u>Winnipeg Real Estate Market</u> Snapshot November 2011 (Video)</a> (bokauffmann.com)</li>
</ul>
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		<title>Merry Christmas and Happy New year!</title>
		<link>http://bokauffmann.com/merry-christmas-and-happy-new-year/</link>
		<comments>http://bokauffmann.com/merry-christmas-and-happy-new-year/#comments</comments>
		<pubDate>Thu, 22 Dec 2011 16:00:00 +0000</pubDate>
		<dc:creator>Bo Kauffmann</dc:creator>
				<category><![CDATA[Blog]]></category>
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		<guid isPermaLink="false">http://bokauffmann.com/?p=5181</guid>
		<description><![CDATA[<a href="http://bokauffmann.com/merry-christmas-and-happy-new-year/"><img align="left" hspace="5" width="100" src="http://img.zemanta.com/zemified_c.png?x-id=c91e69c5-1225-43f1-9156-a0c46c5fc691" class="alignleft wp-post-image tfe" alt="Enhanced by Zemanta" title="" /></a>Seasons Greetings to all my Clients, Family and Friends &#160; I wish to thank all of my clients, family and friends who have helped me make 2011 my best year ever in Winnipeg Real Estate.  Looking ahead to 2012, I feel very confident that our hot market is going to continue, in light of the [...]]]></description>
			<content:encoded><![CDATA[<div class="alignleft"><div class="g-plusone" data-href="http://bokauffmann.com/merry-christmas-and-happy-new-year/" size="standard" count="true"></div></div><p></p><h2>Seasons Greetings to all my Clients, Family and Friends</h2>
<p>&nbsp;</p>
<p>I wish to thank all of my clients, family and friends who have helped me make 2011 my best year ever in Winnipeg Real Estate.  Looking ahead to 2012, I feel very confident that our hot market is going to continue, in light of the continuing low interest rates, good employment and immigration statistics and continued optimism in Winnipeg&#8217;s economic future.  Looking forward to working with you in the next year!</p>
<p><a href="http://www.youtube.com/watch?v=YpVy5k-WXxg">http://www.youtube.com/watch?v=YpVy5k-WXxg</a></p>
<p>&nbsp;</p>
<h4 style="text-align: center;">Please have a safe and happy holiday season&#8230;.and please&#8230;.don&#8217;t drink and drive!!!</h4>
<p>&nbsp;</p>
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