Winnipeg Real Estate Market Update MLS Stats for March 2010

After reading this, be sure to check out Winnipeg Home Finder

If you like this post, please click the +1 button just below this line

Follow @bokauffmann

Hello everyone:

Winnipeg REALTORS® just issued their monthly report outlining the sales and listings stats for the month of March for Winnipeg’s hot real estate market.  You can read the entire report by clicking Press Release 04-06-10 March 2010 MLS Statistics

Here are some of the highlights:

Sales volume for the month of March 2010 exceeded 200-million dollars, and “Units Sold”, which includes houses, condos, vacant land and attached homes, was at 1110 units, with the average detached home selling for just shy of $240,000.

50% of listings sold for “above list price”, indicating that there most likely multiple offers (bidding wars) happening in these cases.

The average days on market for a detached home was down to 26 days, with is 3 days faster than last month, and 4 days faster than March of 2009.  Condos saw the average days on market drop down to 24, 6 faster than the same month last year.

Statistics paint the picture of our hot real estate market in Winnipeg.  If you’re thinking of SELLING a home, make sure you list with a REALTOR® who exposes your property to the whole market, assuring you top dollar.  If you’re thinking of BUYING a house or condo, work with a REALTOR® who educates you to the market conditions, and works with you to FIND a home and then helps you actually GET that home.  Call me anytime.  Bo:  333-2202

Here are a couple of the most common questions Home Buyers and Sellers have:

Q: Whats the best way to FIND a house in Winnipeg? Go to Open Houses? Looking thru real estate magazines? Search individual agents websites?

A: Magazines are often published once a month, or perhaps once a week. By the time a listing makes it into print, it’s most often already sold or accepting offers. Open Houses can be very hectic, and you end up ‘rubbing elbows’ with lots of other visitors. The Best Way? Work with one REALTOR® who can show you ALL the listings. Someone like, say, me for example. Watch this video.

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: I’m thinking of SELLING my home.   Is there a difference between REALTORS®? I mean, they all provide the same service, don’t they?

A: We are all called REALTORS®, we all place homes on the M.L.S.®, but that’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, check out this video.

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.

Receive Blog Posts via e-mail

You'll receive an e-mail twice a month with the latest blog post headlines.  Read the ones you want.  Unsubscribe anytime.

Email:

Powered by Subscribers Magnet

Tagged as: buying, buying a house, condominium, Condominiums, houses, listings, market conditions, Market Update, mls, real estate market

I hope you enjoy reading my blog. Go here to get a look at all available Remax House Listings, all available Remax Condo Listings and all available Remax Luxury Properties in Winnipeg. Please follow me on Twitter and visit my Facebook Fanpage. Google+ Profile About Me