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Hello Everyone:
I just wanted to give you a quick look at the real estate market in one of Winnipeg’s upscale neighbourhoods: Lindenwoods and Linden Ridge.
Currently, there are only 12 homes for sale in this prestigious area, ranging in price from $359,900 to $874,900. in the past 31 days, 10 homes have sold here, ranging from $365,500 to $820,000 in price.
Looking back to the month of June 2010, there were 18 homes sold in Lindenwoods-Linden Ridge, ranging from $319,900 to $625,000. Of those, 6 sold ABOVE list, 6 sold BELOW list and 6 sold AT LIST price.
During the month of July 2010, we saw 21 homes sold, ranging from $320,000 to $820,000 in price. Of those, 16 sold BELOW list price while 5 sold ABOVE list price, although in most cases, the difference was small.
As expected, during the July (and probably for August as well), bidding wars do slow down. Savvy real estate agents take this into account when setting the list price of the home, as they can no longer count on ‘multiple offers’, and are well advised to set a more realistic asking-price for the home.
If you are looking to buy a home or condo in Winnipeg, please call me for a copy of my Home-Buying Guide, explaining the process of finding, offering on, and getting a home in Winnipeg.
If you are thinking of SELLING your Winnipeg home or condo, call me for a straight forward, realistic market evaluation and a look at my Customized Marketing Plan for your home.
Bo 333-2202
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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