Monthly real estate update report for Winnipeg in July 2015. Shows stats on house and condo sales, listings and expired listings from the MLS® in Winnipeg

1. Winnipegs Real Estate Blog - Bo Kauffmann, REALTOR®
Info and Tips for Buyers and Sellers of Winnipeg Real Estate - http://blog.winnipeghomefinder.com
Real Estate Market Update for Winnipeg in July 2015
by Bo Kauffmann - Monday, July 20, 2015
http://blog.winnipeghomefinder.com/real-estate-market-update-for-winnipeg-in-july-2015/
July 2015 Winnipeg Real Estate Report
Welcome to the mid-July 2015 real estate market update for Winnipeg. This report focuses on the
statistics as they are on the 15th of each month (as opposed to the 1st). House sales are reported
in three price ranges, as follows: Entry level homes are from 100K to 250K, mid-range properties
are from 250K to 500K, and Luxury Homes are those over 500K. The main focus is on Winnipeg
properties, but we do include E. St. Paul and Headingley as well.
I also report on 'Inventory Levels', which is a way of answering the question: If no one else listed
their properties, how long would it take to sell everything that's available now? The lower the
number, the hotter the market. The new report will show the Inventory Levels as number of
DAYS, instead of fractions of a month......it just makes it easier to read. So lets see how the real
estate market is looking in mid July 2015:
Overview of the Winnipeg Market in mid-July 2015
In the past month, the most expensive home sold was for $ 930,000 in Bridgewater Forrest, while
the most expensive condo was $ 860,000 on Wellington Cr.. On July 15th, there are a total of
1976 house listings (down from 2069 in mid-June.) and 816 condo listings (down slightly from
840) available in the Winnipeg market area. In the past month, 1167 NEW House-Listings came
to the market (down from 1390 new listings during the previous month), in addition to another
284 fresh condo listings. Overall sales of houses was 735 houses sold, (down from the 755 in the
June report), with an additional 95 condos sold in the same time period (down from 112 in June).
1 / 4

2. Winnipegs Real Estate Blog - Bo Kauffmann, REALTOR®
Info and Tips for Buyers and Sellers of Winnipeg Real Estate - http://blog.winnipeghomefinder.com
Also, a whopping 614 listings expired during the past 31 days, (440 houses and 1174 Condos), up
significantly from 448 of the previous month. Its now more important than ever to make sure the
home presents well, and is priced right.
Entry Level Houses ($100,000 to $249,999)
Currently, we have 595 homes available in this price range, down slightly from last month 601.
Over the past month, Winnipeg REALTORS® have sold 257 of these types of homes (similar to
the previous months' 250) Therefore, inventory levels dropped slightly to 72 days.
Mid-Range Houses ($250,000 to $499,999)
Winnipeg now has 1065 homes in this range, down from the previous months' 1115 houses. Over
the past month, sales have decreased slightly to 443 homes sold (compared to 462 in June's
report). Our inventory level remains at 75 days. That makes this a great time to buy...lots of
choices, and less buyer-competition.
Luxury Homes ($500,000 plus)
We currently have 278 homes listed in this price range (down from 318 in June.) and we have
sold 35 luxury homes in the past month, down from 43 in June. Inventory levels have shot up to
246 days, up (from 229) the previous month. When compared to the other price ranges, this is
still a significantly slower segment of our market, .......making this a great time to look for that
'dream house' in the luxury market. #Luxuryhomes
Condominiums
Currently, condominium listings in Winnipeg are at 816 (including approx. 150 'to-be-built' units)
These unbuilt condos, which are being placed on the MLS, are somewhat skewing the data, but
nevertheless, there is an abundance of condo units available for sale at this time. Inventory level
is at 266 days. Only a year ago, when condo listings numbered in the low 300's, even the thought
of having over 800 units on the MLS would have been difficult to believe.
Is the Condo-Market in Winnipeg at a saturation point?
Over the past month, Winnipeg REALTORS® have sold 95 condos, (down from 112 in June)
changing inventory levels to now sit at 266 days. At least partly to blame for this is the new
condo regulations, which have caught many condo boards by complete surprise. In one case, it
took a board over 3 weeks to generate the required documents, by which time the buyer had
changed his mind and moved on. Nonetheless, this is a GREAT time to BUY......... sell?, not so
much!
2 / 4

3. Winnipegs Real Estate Blog - Bo Kauffmann, REALTOR®
Info and Tips for Buyers and Sellers of Winnipeg Real Estate - http://blog.winnipeghomefinder.com
Read why I believe Winnipeg's condo market is reaching saturation point. #Condominiums
Summary:
In my opinion, we are now firmly in the spring market. Interest rates are down, inventory is
available. It's a great time to look for your dream (or first) home in Winnipeg.
If you are looking to buy or sell, a house or a condo in Winnipeg, please call me anytime: Bo
Kauffmann, Remax Performance Realty, direct at (204) 333-2202
#realestate #firsttimebuyer #buyahome #Winnipeg
Bo Kauffmann of Remax Performance Realty is a top producing, 10-year veteran
real estate agent in Winnipeg. He specializes in representing home and condo buyers and sellers,
and a proud supporter of D'arcy's Animal Rescue Centre. You can find his main listing website at
WinnipegHomeFinder.com. You can follow him on Twitter, see his Facebook Page and circle
him on Google+ or LinkedIn.
3 / 4

4. ON INSTALLATION
OF ANY ADT
SECURITY SYSTEM
SAVE
20%*
*36-month monitoring contract required. See important
terms and conditions below.
Help Protect
What Matters Most.
TM
Keep your home and family safe
with ADT security.
To Take Advantage of this
Special Offer, You Must:
1) Call this number:
2) Provide this promotion code:
This special offer includes:
• 24/7 Fast-Response Monitoring
• Low Monthly Monitoring Fees & Great Local Service
• Theft Protection, Money-Back, and Movers’ Package Guarantees†
Ask about ADT Pulse®
Interactive Solutions, and learn how
you can get hands-on, remote access to your home.
• Remote Arm/Disarm • Secure, Real-Time Video
• Internet & Mobile Access • Email & Text Alerts
• Remote Door Lock/Unlock
• Light, Thermostat & Garage Door Control
*Service and installation charges subject to system configuration, equipment and services selected. 20% off standard installation price (before taxes) on any ADT security system. Requires 36-month
monitoring contract. Limit one offer per new ADT customer cannot be combined with other offers or discounts. Not valid for existing customers under contract. System remains property of ADT. Photos
are for illustrative purposes only and may not reflect the exact product/service actually provided. Not valid on purchases from ADT Authorized Dealers. Does not include one-time $25 activation fee.
Offer expires June 30, 2015.
ADT Pulse® Interactive Solutions Services requires the installation and/or activation of an ADT alarm system with monitored burglary service and a compatible computer, cell phone or PDA with
Internetandemailaccess.PulseServicesdoesnotcovertheoperationormaintenanceofhouseholdequipment/systemsnotconnectedtothePulseServices/Equipment.Notavailableinallgeographic
areas. You may be required to pay additional charges for equipment and services to utilize certain Pulse features. Standard message and data rates may apply to all text alerts.
†See reverse side of guarantee certificates for complete details.
©2015 ADT Security Services Canada, Inc. All rights reserved. ADT, the ADT logo, 800.ADT.ASAP and the product/service names listed in this document are marks and/or registered marks.
Unauthorized use is strictly prohibited.
Licence number: RBQ 3019-4070-50.
Z3052CE-01 (1/15)
Special Offer Brought to You By:
Bo Kauffmann (REMAX performance realty)
A185962
1-888-395-5465

5. Valuable Real Estate
Information Resources
Winnipeg Home Finder
If you’re looking to buy, or sell a property
in Winnipeg, check out this website.
It contains links to all
Re/Max Condo Listings, all
Re/Max House Listings and even
Re/Max Luxury Property Listings.
Winnipeg’s Real Estate Blog
Bo Kauffmann, REALTOR®
After retiring from the Winnipeg Police Service, Bo joined Remax Performance Realty
and quickly became on of Winnipeg’s top producing REALTORS®. You can find him on
Facebook, follow him on Twitter and Google+, and connect with him on LinkedIn.
Winnipeg’s Real Estate Blog and Winnipeg Home Finder are trademarks of Bo Kauffmann, REALTOR®