Ask Allan

Winnipeg Market Report February 2024

Alex Samuel • Feb 02, 2024

If you're hoping to sell your house this year in Winnipeg when is the best time to take it to market. But first what happened in the Winnipeg real estate market in January. In January in Winnipeg we saw house sales decrease 2.4% over last year but prices increase 11.8%. In condos we saw sales decrease 35.9% and prices increase 4.5%.  As you can see there has been increase already this year in pricing. This is a direct reflection of the decrease in overall inventory. This is kind of what we expect to see throughout the year which leads us into the next big question when is the best time to take your house to market. Typically we see February and March with the lowest amount of inventory which means that's when you're going to see the greatest demand from buyers that are currently looking. However as I always say timing really doesn't matter which matters most is great marketing and also making sure that your house shows well and is staged properly.

What is Your Home Worth?

Find out now with our easy over the net evaluation

By Allan Asplin 16 May, 2024
How do you send a buyer running out the door? Number 6, not replacing knob and tube wiring or aluminum wiring. I have seen absolutely beautiful houses that buyers fall in love with but they choose not to put an offer in. The reason is they go into the basement and they find knob and tube wiring or aluminum wiring now it's not a big deal however, the buyer will associate a very high cost to replacing it plus a hassle to get it done. This is why as a homeowner it's important that you take this on get it done before we go to market. This way we don't have that issue plus we can advertise as updated wiring again getting a higher offer price and getting it sold quicker.
16 May, 2024
How do you send a buyer running out the door? Number five, not fixing foundation problems. I've had many buyers go through houses where they absolutely fall in love with it until they get to the basement. Where they find foundation issues cracking, shifting & moisture. This is something that absolutely has to be taken care of before you go to market. Not only will it prevent the buyer from being a major negative but buyers also associate a very high cost of foundations and a lot of times they don't cost that much. Plus most companies offer a warranty that can be passed onto the buyer making it real positive compared to a negative.
10 May, 2024
Good news Winnipeg, April saw the first increase in sales since the interest rate hikes. Check out these numbers. In April in Winnipeg, we saw sales increased 12.1% over last year and average price increased 7.1%. In Condo's we saw sales increased 22.5% and the average price decreased 5.9%. Not only have we seen the increase in total amount of sales but we're also seeing lot  s of bidding wars as well as tons of showings on clients houses. So if you're thinking of selling don't miss out give us a call today and get on the action.
Share by: