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Hi Everyone:
I wanted to send out a quick report on St. Vital Condominiums.
I had recently noticed that there is a shortage of good quality condo listings in the south end Winnipeg neighbourhood, a factor which helped on of my recent listings sell for significantly over the asking-price.
For a look at the overall market report, go to Winnipeg Market Report for September 2010 video.
Currently, there are only 14 St. Vital condominiums listed for sale, ranging in price from the low end of 575 sq-ft condo on Arden at $119,900 to a high-end, 1515 sq ft luxury condo at The Waterfront for $450,000.
“Sold” stats of St. Vital Condominiums
During the month of June 2010, this same area saw a total of 19 condos sold, ranging in price from $117,000 to a high of $356,000. Of these, 8 condos sold ABOVE list price, 7 sold BELOW list, and 4 sold AT LIST. June was considered a very busy month for real estate in Winnipeg.
During July 2010, a total of only 10 St. Vital condominiums were sold, ranging in price from $145,000 to $400,000. Of those, 4 condos sold ABOVE list, and 6 sold BELOW list.
While ‘multiple offers’ are more rare in St. Vital condominiums than they are in houses, our current shortage of listings is helping to create a situation where sellers can expect good activity on their condos, listed on the MLS® by REALTORS®. As well, a slow down in the market activity is to be expected in the summer months, as condo buyers take vacations, just as house buyers tend to do. I would expect the market to pick up once again, after the September long weekend.
If you’re looking to sell your condo, in St. Vital or other areas of Winnipeg, please call me anytime for a realistic and complimentary market evaluation, and a look at my Customized Marketing Plan for your Condo.
Bo 333-2202
Please consider me as your source to St. Vital Condominiums
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
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