loader from loading.io

Winnipeg March Market Update - Detached Home Sales

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Release Date: 04/13/2023

Winnipeg's Real Estate Podcast - 2025 and Beyond show art Winnipeg's Real Estate Podcast - 2025 and Beyond

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

info_outline
Mortgage Lender Pre-Approval; Comprehensive Guide For Home Buyers show art Mortgage Lender Pre-Approval; Comprehensive Guide For Home Buyers

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hey there, home buyers! 🏡✅ Ready to make your homeownership dreams a reality? 💭💪 Getting pre-approved for a mortgage is a crucial step in the home buying process. 📝💰 It helps you understand your budget, increases your chances of securing a loan, and gives you a competitive edge in a hot market. 🔑📈 Looking for tips and advice on mortgage lender pre-approval? 🤔🏦 Look no further! Check out our comprehensive guide to the pre-approval process. 📚🔍 From where to get pre-approved, how to apply, and what documents you'll need, we've got you covered. ...

info_outline
EP: 205  Why Waiting For Interest Rates To Adjust Is NOT A Winning Strategy show art EP: 205 Why Waiting For Interest Rates To Adjust Is NOT A Winning Strategy

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Here is why waiting for rates to adjust is not a winning strategy.   Rates will go up, down or stay the same.  But no matter WHAT they do, buyers who sit on the fence now may end up losing .

info_outline
August 2023 Market Report for Winnipeg show art August 2023 Market Report for Winnipeg

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Lets take a look at how The numbers of sales and listings for houses and condos on August 1st, stack up against the previous month, and also against the previous year.  For sales figures, we look at the sales that occurred during the month of July, but this year, and 2022. Currently in Winnipeg, we have 1282 houses listed and available on the MLS,  That’s up from the 1196 on July 1st, and its actually VERY similar to the number of houses available on Aug 1st LAST YEAR, which was 1263. During the month of July, we sold 693 houses in Winnipeg, with an additional 17 still showing as...

info_outline
May 2023 Real Estate Market Update show art May 2023 Real Estate Market Update

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Is spring 2023 turning into a great 'Buyers Market'? When comparing listings and sales, year over year, there is no doubt that numbers are looking favorable for home and condo buyers in Winnipeg.  Let's take a look at the stats of the month of April 22 and April 23. As we can see from the 'ALL MLS' graph, active available listings (all types of houses and condos) are up 70% over last year, same time. They are actually right in line with the 5-yr average of available listings (3,548) At the same time, property sales are down by 24% from last year......  as well as being down...

info_outline
Difference between a customer and a client show art Difference between a customer and a client

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Saturday, May 6h, 2023…   Today is National Homebrew Day and International No Diet Day.   As a home buyer, do you know the difference between being a customer and being a client?   If you’re going to open houses or calling different agents asking them to show you their listings, you are a ‘customer’.   The agent you are speaking with is required, by law, to do his best for his home-seller.  As such, the agent only owes you honest answers to direct questions. The...

info_outline
Difference between a customer and a client show art Difference between a customer and a client

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Saturday, May 6h, 2023…   Today is National Homebrew Day and International No Diet Day.   As a home buyer, do you know the difference between being a customer and being a client?   If you’re going to open houses or calling different agents asking them to show you their listings, you are a ‘customer’.   The agent you are speaking with is required, by law, to do his best for his home-seller.  As such, the agent only owes you honest answers to direct questions. The...

info_outline
Winnipeg's Spring Market Is Heating Up show art Winnipeg's Spring Market Is Heating Up

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Sunday, April 30th, 2023…   Today is, National Oatmeal cookie day, Nat. Bugs Bunny Day and National Adopt a shelter pet day   Let’s give a shoutout to that last reference, the Shelter-Pet adoption day. Here in Winnipeg we are privileged to have Western Canada’s largest ‘for-life’ pet shelter in the form of D’Arcy’s Animal Rescue Centre, located at 730 Century St. In operation for over 22 yrs, D’arcys ARC has saved over 16,000 cats and dogs.   As a registered charity,...

info_outline
Offensive Odours Can Kill The House Sale show art Offensive Odours Can Kill The House Sale

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Monday, April 24th, 2023…   Today is National Bucket List Day and Pics in a blanket Day   Today, let’s talk a little about home staging.  When hearing the word, a lot of people might envision a long, involved process, including movers, decorators and stagers. In reality, even a few touch ups and clean ups can make a huge impact. Over the next few days we’ll look at several areas where a little diy and elbow grease will go a long way to make a great first impression.   For...

info_outline
How much income is required to buy an average home? show art How much income is required to buy an average home?

Bo Knows Real Estate - Winnipeg's Real Estate Podcast

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Saturday, April 22nd, 2023…   Today is National Jelly Bean Day and International Earth Day   According to a new RateHub research, Canadians will need an annual income of $217,000 in Toronto to finance an average home.  That’s a lot of jelly beans   Even though the city's average home price has dropped by more than $200,000, the income required is actually 6,250 more than was required a year ago.   According to RateHub co-CEO James Laird, Canadians now need to earn more...

info_outline
 
More Episodes

Hello…this is Bo Kauffmann of Remax in Winnipeg, with your real estate news for…  Thursday, April 13th, 2023…

 

Today is National Peach Cobbler Day and National Scrabble Day

 

The Winnipeg Regional Real Estate Board has just released it’s MLS stats for March.  While sales and listings are on the increase when compared to the previous month, they still lag well behind the craziness of 2022.

 

In March we saw a total of 1,014 MLS sales in total, which is down from the over 1400 in March last year, and also down from the 5 yr average, which sits at 1300 sales for that one month.

 

The largest difference is in the sales and prices of stand-alone houses, called detached homes.  Sales in March of 698 homes is down 28% from the same time last year, and 21% lower than the 5 yr average.

 

As for prices, the average detached home sold for $386,800, which is down 12% from the average last year, which sat at $439.900.

 

Active listings in this type of home are up over double from last year.

So definitely the bright spot here is for home buyers:  More than double the numbers of available listings, prices have gone down 12% and fewer competing buyers in the market.

All this means that right now we are in a much more buyer-friendly market here in Winnipeg.

 

Thinking of buying?  Call me right now to set up a free home buyer consultation, either in person or via zoom.   204-333-2202

 

Come back tomorrow when we’ll dive into the attached homes and condo market stats for the month.

 

Add us to your Daily Routine on Alexa.  Go here to add to Alexa in the Canadian Skill Store.

Are you interested in more in-depth real estate information?  Check out our podcast, available on most podcast platforms.

Do you have an Android Phone?  Add our Free Podcast App Here.

Do you have an I-Phone?  Here is our iOS version of the podcast app.