Winnipeg Real Estate Quick-Update: 1000 Houses and 213 Condos available

Winnipeg Real Estate Quick-Update: 1000 Houses and 213 Condos available

Winnipeg Market Quick-Update for Sept. 2011

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Knowing the number of homes and condos available in any given real estate market is helpful, but only tells half the picture.  For example, knowing that Winnipeg right now has 1008 houses for sale, and another 213 Condos available, is useful if we compare it to other times of the year.  But if those houses and condos were all brand-new listings, and likely to be SOLD in the next few days, that would indicate a super-hot market, right?  So lets take a look at how many houses and condos have gone past the “Offers Date” in Winnipeg.

722 Houses are ‘past-due’

When a REALTOR® lists a house (or condo) they usually spend a few days on marketing the home, then a few days ‘showing’ the home and then set aside a scheduled date for when Offers are considered.  By the time this date arrives, the home has officially been on the market for an average of 10 or 11 days.   Currently there are 722 houses, and 181 Condos, which have gone beyond this date.  Meaning that buyers will most likely (although not always) be able to make an offer without having to compete in a bidding war.  These numbers mean 71.6% of house listings, and 85% of condo listings are gone beyond the offers date.  Last month, houses were at 70% and condos at 75%, so this represents a whopping increase in available condo inventory…..indicating a slow-down in the condo market (this month, anyway)

Watch the Quick-Market Report Video

 


 

If you’re thinking of buying a house, or a condo, especially if you’re a first time buyer, you might NOT want to wait until spring, when these numbers usually change (and NOT in the buyers favor).

Call me anytime,  Bo Kauffmann  204-333-2202

 

Costs involved in buying a house or condo!

If you’re looking to purchase a house or condo, please give me a call. I work with a lot of first-time buyers, and will take the time to explain the entire process, including all Closing Costs to you. Bo Kauffmann 333-2202

Publish Date: 11/15/2010 20:21

http://bokauffmann.com/2010/11/costs-involved-in-buying-a-house-or-condo/

Top 5 Posts from Winnipeg’s Real Estate Blog in August 2011

Winnipeg’s Real Estate Blog Bo Kuffmann. Dream Condo Finder by Bo Kauffmann on September 5, 2011 House and Condo buyers in Winnipeg face an assortment of Closing Costs when purchasing a home. Here is a list of these costs.

Publish Date: 09/05/2011 13:00

http://bokauffmann.com/2011/09/top-5-posts-from-winnipegs-real-estate-blog-in-august-2011/

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