Winnipeg Market Report September 2024
19 September 2024
What is the most common mistake that home sellers make if they're selling their house in the Fall? But first, what happened to the Winnipeg Real Estate Market in August? In August in Winnipeg, we saw sales decrease 6.6% in houses but prices up 5.3%. In Condos, we saw sales down 12.1% and also prices down 5.5%. The market in Winnipeg continues to be strong with prices increasing over last year. Plus, with the recent decrease in interest rates that’s going to provide a very strong tailwind going into the Fall. Now the biggest mistake I see home sellers make in the Fall is thinking that they have more time. September and October can be very good months to sell into however, as the weather changes the market can drop right off. So, if you're thinking of selling everything becomes a little more crucial meaning that you have to make sure your priced accurately, make sure your house shows extremely well and get good quality photos and videos done on your house. If you can do those three things and make sure that you're not going into November or December where you'll start to have less demand you'll have a better chance at selling quickly and for more money.
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Hey Dad, what's going on in the Winnipeg Real Estate Market right now? Hey Jessica, you know there's a lot going on in the Winnipeg Real Estate Market right now. Actually, I'll give you the statistics first on what's happening. Give it to me. February in Winnipeg houses decreased in sales over last year by 6.4% however prices increased 6%. In condos we saw sales increase 0.5 % and prices increase 7%. You know one thing that's interesting to know Jessica when we do our statistics we do it by a median value which means we kick out the lows and the highs because there was a house that sold for around $25,000 in February and one that sold for over a million so those can really kind of change how the average pricing goes so sometimes you'll see higher stats based on the mean average but I like doing it the median way, it seems a little more accurate. Yeah that makes sense. www.JudyLindsay.com 204.925.2900
How can you guarantee that your rental property is going to be a good one? Well at Judy Lindsay we have a great program called The Guaranteed Rent Program. How it works is that we will assess your property and tell you what it'll rent for and then we'll put our money where our mouth is and guarantee that rent. If we can't rent it out for what we say it's going to we're not going to charge any property management fees. This way you can get into the property, know what is going to produce as far as income and have a great investment. www.JudyLindsay.com 204.925.2900
How can you get the equity out of your house but stay in your house? Really simple is the Judy Lindsay Rent Back Program. How it works is that we'll come out to your house and assess the value and let you know what we're willing to pay for your house and also what the rent could be. This way you can stay in your house but still have your equity to use to do other things and possibly even a lower payment each month. This works great for people who are retiring, that are on a fixed income and have a lot of equity in their house or people that have equity in their house and are looking at foreclosure and making afford payments there's ways we could structure that program that's going to work well for you too. The easiest thing to do is to have our Listing Specialist come out, they'll tell you all the numbers so you know up front of what it is and then it's up to you. You can choose to take the program or go on to the market as a normal listing either way we're here to help you out and make it an easy experience. www.JudyLindsay.com 204.925.2900
How do you buy a house with no down payment? Or if you're new to Canada, have a low credit score or maybe you're self-employed and don't show your full income? A great solution is Rent To Own. Now there's good ones and bad ones I feel we work with absolutely the best Rent To Own Program out there. How it works is simple. You'll go out and find the house you absolutely want to have and live in, they will rent it back to you and then when your time comes and your credit score improves or you have the down payment or you have your residency they will sell it back to you at a predetermined price and it's a very easy process all you have to do is fill out a form, takes about two or three minutes, and they'll tell you if you're approved or not as well as how much of a house you can afford. Then we'll go and shop with you as Relators representing you to find you the perfect house. So just fill out the form and that's all you need to get started and we'll help you out. www.JudyLindsay.com 204.925.2900
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