Real Estate Market Update report for Winnipeg in September 2010. Stats on listings and sold houses and condos in Winnipeg's hot real estate market

Here we take a look at how many homes are available on the real estate market in Winnipeg, and how many have sold in the past 31 days in Winnipeg. By combining these factors, we get a good idea of where Winnipegs Real Estate Market is heading.

If you’re thinking of buying or selling a house or a condo in Winnipeg, please call my anytime. Bo 333-2202

When selling your house or condo in Winnipeg, you have about 1400 real estate agents to choose from. While it is a very good thing to have a ‘Choice’, the homeowner should take a close look at the only thing that separates and differentiates the agents from one another: Their Marketing Plan. What does the agent DO to advertise and market your property?

All REASLTORS® in and around Winnipeg use the MLS®. A very powerful tool to help sell your Winnipeg house or condo! But since ALL agents use it, this tool alone does not help differentiate between the agents. So the home seller should ask “What ELSE do you do to sell my house?”

Select a REALTOR® for the marketing plan he or she presents.

If you’re getting ready to sell your Winnipeg house or condo, please call me anytime for a free Market Evaluation and presentation of my Marketing Plan.

Bo 333-2202

Hi Everyone:

Here is my Real Estate Market Update for July 2010. We take a look at how many homes and condos are on the market on June 30th, and then compare it to how many have sold in the past 30 days.

We also compare those stats with sales of houses and condos in Winnipeg over the past 6 months to see where we are heading.

Winnipeg Real Estate Market Update report for July 2010, examining listings and sales of homes and condos in Winnipeg Real Estate Market

If you’re looking to buy or sell, a house or a condo in or around Winnipeg, please call me anytime.
Bo 333-2202

Hi Everyone:

Winnipeg Real Estate agents have a new tool to help buyers find their perfect house or condo. Keystone MATRIX® is a search program which helps buyers not only FIND the house they want, but also keeps them informed on sales, price changes and eventually the SOLD price of a house or condo as well.

I have found recently that many buyers are receiving the listings from an agent, but no one has ever taken the time to explain how the program works. In this short, 7 minute tutorial, I will show you a few basics on how to get the most out of this system.

But remember, FINDING a house is the easy part. When it comes time to make an offer, being PREPARED is key. So if you are serious about buying a house or condo, please call me anytime and we’ll start with a short meeting to make sure that you are prepared.

Bo 333-2202

Hi Everyone:

Recent interest rate hikes have had the effect of pressuring buyers to quickly buy a home. Home buyers are pre-approved at lower rates and want to take advantage of those rates by purchasing a new home or condo.

So if you’re thinking of selling your home, please call me anytime….. Now may be a great time to sell your luxury home or condo.

Hi everyone:

We all know that Winnipeg’s real estate market is very hot….it’s been a Sellers Market for the past few years. So it should not come as any surprise when you hear people say: “I sold my house by myself, I didn’t need a REALTOR®”. But simply selling the house is not the key….selling it to the BEST and HIGHEST BIDDER, THAT’S THE TRICK.

I recently listed a house in a central location in Winnipeg. The home-owner was thinking of selling his home privately, and he told me what price would make him happy. We ended up listing the house for $10,000 ABOVE the price he mentioned, and then proceeded to market the house. We received 31 showings by agents, and 3 people phoned me directly. These 3 would be the ‘private buyers’ as they do not work with an agent yet. So if the home-seller had chosen to sell privately, these 3 would have been his market. Of those three, 1 was not ready to compete, 1 thought the house was too highly priced and the 3rd didn’t show up for the appointment to see the house.

On the other hand, of the 31 showings by real estate agents, 7 brought very nice offers, all of which were above the asking price (which was already, as you recall, $10,000 above the home-sellers “Happy Price”. In the end, the home sold for $33,000 above what the home-owner had considered a ‘good price’.

In the end, the market determines how much your home is worth…. so make sure that you expose your home to the WHOLE market, not just bargain hunting private buyers.

To explore and discuss your options, please call me anytime. Bo 333-2202

Hello everyone:

In order for the home-seller to be assured top dollar in Winnipeg’s hot real estate market, it is in their best interest to create a bidding war, or multiple offer situation. Why?

“It is only thru competition that we try our hardest and achieve our best!”

I don’t know who said this first, but I firmly believe it’s true. Think about it: Track and Field records are not set during practice runs. They are set during the Olympics and World Championship events, when competition is at its highest level. The same holds true for the sale of a house. EVERY buyer thinks the house is over-priced, especially if he is the only one making an offer. If there is NO competition, the buyer will try to get the house at a reduced price. However, if the buyer realizes that there are 3 or 4 other people who are also putting in an offer, they then put their best foot forward and present their best, cleanest and highest offer.

Creating a bidding war is in the home-sellers best interest. If you’re thinking of selling, be sure to call me and I’ll be glad to sit down with you and explain how this works. Bo: 333-2202

Hi everyone:

In this crazy time of bidding wars (especially on entry-level houses) a first time buyer might consider purchasing a condominium for their first home. In fact there are many great reasons to buy a condominium, not just for a first time buyer. To see a list of reasons, read 7 Reaons

With 700-sq-ft bungalows selling in the south end of the city for over $200,000, there are a number of condominiums available for prices perfect for the first time buyer. To find out a little more, read Condos between 120K and 180K

As an example, an 800 sq ft apartment style condominium, with upgraded kitchen, bath, flooring, new appliances and much more, sell for approximately $160,000. And 1100 sq-ft townhouse condos, with c/air and insuite laundry can be purchased for approximately $165,000 to $170,000.

As an added bonus, although condominiums sometimes do receive multiple offers, these situations are far more rare, making condominiums an excellent choice for the first time buyer who need to put financing conditions into their offers.

Looking to buy a house or condo and getting frustrated?

Working with a REALTOR® can bring you several advantages: Getting listings sent to you via e-mail is one of those. But its only one part of my job….and many people might argue that its a SMALL part. A much more important aspect is BEING PREPARED.

I recently met a young couple who had been looking at homes for the past year, at first on their own and then with another agent. When they finally found a home they liked, they put in an offer and promptly got ‘blown out of the water’, loosing by over $30,000. They came to me a little upset. But they weren’t upset at LOOSING the offer, they were upset at the fact that they had received (in their words) no direction or advice on how much their dream home might sell for.

Upon hearing their story, we set up a meeting (as I like to do with all my buyers) and I explained the current state of the Real Estate Market in Winnipeg. On 3 separate occasions, the lady turned to her fiancee and said “No one ever told us that before.”

During our consultation, I learned that although they were pre-approved by a bank, that particular bank required 3 days to complete the financing. “3 DAYS?”….. in OUR market? You might as well not be pre-approved.

A couple of phone calls later, my new buyers were approved thru a mortgage broker with a finance condition down to 1 day..

Bottom line: Next house they liked,…. they got!

If you’re just looking to have listings sent to your e-mail, there are 1400 REALTORS® ready to do that. If you want to BUY a house, and be READY and PREPARED to actually GET the house…….Call Me! My buyers are among the best prepared in this market.

Just about ANY REALTOR® will send you listings via e-mail if you ask. But getting the listings is only a small part of the job. Let me help you actually GET the house you're looking for.

Are you looking for a house or condo in Winnipeg, and considering purchasing a "Private Sale? Here is a recent example of what happened, and a very good reason why buyers should be working with a REALTOR® when shopping for a new home