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Photo by Serena | PhotographyReal Estate TimesReal Estate TimesReal Estate TimesNews & Tips For Home Buyers, Sellers & OwnersWinnipegHousing Market ReportHousing Market ReportAug 2021Active HouseActive HouseActive House Listings InsideListings InsideListings Inside
Photo by Serena | PhotographyOther HelpfulResourcesSeven of our most popular articles.1Monthly real estate market report forWinnipeg. Updated every month with thelatest sales and listing stats.HOUSING MARKET REPORT2Aside from the mortgage payment, buying ahome will cost in terms of legal fees, taxes,insurance and more. Here are the costs.CLOSING COSTS / HOME BUYERS3In-Depth guide for people who want to buya house or condo in Winnipeg. Step by stepinstructions and timeline.BUYING A HOME IN 20214Condos are not for everyone. But for theright person, it might be the perfect option. 6 situations where a condo is right for you.IS A CONDO PERFECT FOR YOU?5Preparation is key for getting top dollar foryour home. How to prepare your home forthe pictures that will go on the MLS.GET YOUR HOME READY FOR SALEREAD NOWREAD NOWREAD NOWREAD NOWREAD NOW6What other costs should you expect whenyou own a home? Insurance, taxes, utilities,and maintenance costs exlained.COST OF HOME OWNERSHIP7Are condo fees a complete waste of money? Many people think so, but let's take a closerlook at what condo fees actually pay for.CONDO FEES VS. HOUSE EXPENSESREAD NOWREAD NOW
In 2005, after completing an exciting career as aPolice Officer for the City of Winnipeg, Bo joinedRE/MAX Performance Realty, Winnipeg’s largestand most successful Real Estate Brokerage.In 2006, wanting to learn how to better serve hishome buying clients, he earned the designation ofA.B.R.®, Accredited Buyer Representative. Overthe years, Bo developed a strong passion forworking with buyers and sellers of houses andcondos in Winnipeg. This passion helped him to be inducted into theRE/MAX Hall of Fame in 2010, awarded to agentswho have sold over $40 Million Dollars of realestate.In 2019, Bo received the RE/MAX LifetimeAchievement Award, presented to agents whohave sold over $120 Million Dollars worth ofhomes. By this time, Bo Kauffmann had helpedover 500 buyers and sellers of houses andcondominiums in Winnipeg.In 2020, again wanting to expand his knowledge and expertise, Bo became aCertified Luxury Home Marketing Specialist. “I love the additional tools, resources and access to international buyers that this Institute has given me.”"Mymissionis to helpyou turnyourdreams intoreality!"About the AuthorPhoto by Serena | Photography
Welcome to our new and improvedWinnipeg Real Estate market reportin PDF Format.Hi, I’m Bo Kauffmann of REMAXperformance realty, proud to presentthe most unique real estate reportavailable today.New and Improved? Previously, thesegments were organized accordingto available listings, sold homes, andInventory levels. But if you’relooking at buying or selling a$300,000 dollar house, youprobably don’t care about how$750,000 homes are selling.So we’ve organizes the sections in away that makes sense.First up is an overview of thehousing market this month, andcomparing to previous time periods.Up next are houses under $250,000,entry level homes for first timebuyers in Winnipeg. The third segment focuses housesbetween $250K and $500K,Winnipeg's most active pricerange.....by far.Each price band is fully examinedand reported, with numbers ofavailable listings, solds over the pastmonth, inventory levels and more.W H A T S T H I S A B O U T ?Why a PDF? It allows the reader tostay on a section he or she is mostinterested in (as opposed to avideo). This affords you the time toexamine the information moreclosely.It also allows us to embed the audiodescription of what you’re lookingat.Any ads you find are alsointeractive, meaning you can clickon certain spots and go directly tothe advertisers internet sites. I onlyaccept ads from trusted and reliableservice providers.These reports are a labor of love,and I really would appreciate yourfeedback, and any suggestions youmight have of improving them.And please remember….buying orselling, a house or a condo inWinnipeg? I KNOW real estate.
Let’s start with an overview of themarket as it is on Sept 1st, 2021.In my 16+ years in real estate, I’ve neverexperienced a buying frenzy to theextend it is happening right now. Youmay have heard stories of homes sellingfor 50, 75 or even 100,000 ABOVE listprice. These stories are true.Going back over the previous 3 years, wecan see that around 1000 availablehouses for sale in Winnipeg would be anaverage amount for Sept 1st.Today, we have 751. Actually, thenumbers of new listings coming tomarket is UP, but sales are far outpacingavailability this year.W H A T ' S H A P P E N I N GI N O U R M A R K E T ?
Photo by Serena | PhotographyOverview on Sept. 1st 2021
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The following section shows the salesand listing stats for Winnipeg housesunder $250,000These are entry-level houses, great forfirst time buyers in Winnipeg.H O U S E S U N D E R$ 2 5 0 , 0 0 0
Lets take a look at available houses priced under $250,000Currently, Sept 1st, there are 247 active listings, up from Aug. 1st(207), and way down from last year where we had 274 activelistings available in the under $250K range.During August this year, we sold 146 homes, with another 17showing as "Pending", for a total of 163 possible sales.That's up slightly from the 148 in July this year, and down from the 199 sold last year. WHY? Because houses UNDER $250k arebecoming more rare. It's tough to find a home in this price range,where our average home is closer to $370K in Winnipeg.This means the inventory sits around 47 days, lower than last year's53 days. Photo by Serena | Photography
Photo by Serena | Photography
Active House ListingsListings byREMAX perfomance realtyWorking with qualified Clients. Call Me Now: (204) 333-2202
Yes, one of your first steps should be to find agreat agent. One who can connect you with allthe necessary professionals to help you in yourhome search.F I N D A G R E A T R E A L T O R ®Go with a reputable lender who is willing toanswer your questions and has the time andexpertise to help you. Low rates are great, butnot necessarily the most important factor.G E T P R E - A P P R O V E DYour agent will set up a search according toyour parameters and financial abilities. Look athomes which fall into those categories. Ask your REALTOR® for honest feedback oneach home you see.L O O K A T H O M E SSee your lawyer, mortgage lender andinsurance broker. DON'T change your creditrating before possession. Look forward to thebig day. P R E P A R E F O R P O S S E S S I O N D A T EH O M E B U Y I NG T I M EL I N EYou will need at least 5% for down payment,plus approx. 3% for closing costs. What areclosing costs? Click the button below.S A V E F O R D O W N P A Y M E N TAn experienced REALTOR® will be able toguide you, and help you craft the best offeraccording to the market conditions. M A K E A N O F F E R
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The following section shows the sales andlisting stats for Winnipeg houses between$250,000 & $500,000.This is Winnipeg's most active price rangefor houses, where the average price for adetached house is around $370,000.H O U S E S B E T W E E N$ 2 5 0 , 0 0 0 - $ 5 0 0 , 0 0 0
Let's take a look at available houses bet. $250,000 & $500,000This is Winnipeg's most active price range, by far.Currently, Sept1st, there are 335 active listings, which is very closeto the previous month, but much lower than last years 492.During August this year, we sold 481 homes, with another 50showing as "Pending", for a total of 531 possible sales.That's down a little from July's 557, and also down from last year's630 sold in August 2020.This means the inventory sits at 19 days, slower than last month butfaster than a year ago.Photo by Serena | Photography
Photo by Serena | Photography
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