Press release 05 09-13 april 2013 mls statistics
Winnipeg REALTORS® press release showing housing and condo listings and sales stats for Winnipeg in April 2013
Published on: Mar 4, 2016
Transcripts - Press release 05 09-13 april 2013 mls statistics
PRESS RELEASEMay 9, 2013For Immediate ReleaseAPRIL MLS® MARKET REBOUNDS FROM PREVIOUS MONTH- - -MLS® Sales Down 7%; MLS® Dollar Volume Off 3%WINNIPEG - Signs of spring while questionable at times in April brought more buyers out totake advantage of an MLS® inventory higher than it has been in many years. The equivalent ofnearly 40 % of the 3,205 MLS® listings at the end of April sold and that is over 400 unitsmore than what sold the previous month. While sales and dollar volume were down from April2012, sales were still 2% above the 10-year average and dollar volume finished a strongsecond to last year’s highest April dollar volume of $337 million.Another positive indicator was new listings coming on the market in April of nearly 2.100 arenear the highest level for this time of year. Every indication in May with warmer sunny daysenabling yard work to commence in customary fashion is the spring market has arrived inearnest.It is important to note while active residential-detached listings are higher at the end of Aprilthan they were at the same time last year there is a marked difference in the price ranges theyfall within. For example, there are 16 % fewer listings available under $250,000 in 2013 and11% fewer under $300,000. The converse is true as well. In the $450,000 to $499,999 pricerange there are 45% more listings this year than 2012.Fortunately for those buyers seeking more affordable priced listings condominiums offeredmore choice than last year with a 29% increase in active listings under $300,000. Thisimprovement in more affordable housing supply translated directly into a 29% increase incondominium sales. No sales however occurred under $100,000.As is always the case, specific MLS® neighbourhoods can be more pronounced with eitherfewer or more listings than the overall market number percentages so it is advisable to call aREALTOR® - a local neighbourhood expert - to fully apprise yourself of what is exactlyhappening in the neighbourhoods you are most interested in buying a residential-detached orcondominium property.April MLS® unit sales decreased 7% (1,245/1,346) while dollar volume fell off only 3%($325.9 million/$337.4 million) in comparison to the same month last year. Year-to- dateMLS® unit sales are down 11% (3,401/3,829) while dollar volume has decreased 5% ($876.3million/$926.4 million) in comparison to the same period last year.“What this month’s results confirm is a sales parameter we have observed for some time.Keeping our local market affordable with more lower priced listings is a key determinant ofour sales success,” said Richard Dettman, president of WinnipegREALTORS®. “It also speaks
to vendors value expectations. Winnipeg buyers are discerning customers looking for goodvalue in their home purchases.”The most active residential-detached price range was the $250,000 to $299,999 price range at23% of total sales. Interestingly enough, this is the same percentage covering off all salesunder $200,000 with just 2% selling for under $100,000. For condominiums, the $150,000 to$199,999 price range remains dominant at 37% however the $200,000 to $249,999 hasincreased its share to 23% of total condominium sales.The average days on the market for residential-detached property sales in April was 26 days,two days quicker than last month and the same pace as April 2012. Average days on themarket for condominium sales was 29 days, two days slower than last month and 8 days fasterthan April 2012.Established in 1903, WinnipegREALTORS® is a professional association representing over1,700 real estate brokers, salespeople, appraisers, and financial members active in the GreaterWinnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethicsand share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively forREALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of anorganized real estate profession. REALTOR®, MLS® and Multiple Listing Service® aretrademarks owned and controlled by The Canadian Real Estate Association and are used underlicence.For further information, contact Peter Squire at 786-8854.