Photo by Serena | PhotographyOur Super-HotMarket: WHY?News & Tips For Home Buyers, Sellers & OwnersWinnipeg
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, and welcome tothe 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,Winnipegs most active pricerange.....by far.Each price band is fully examinedand reported, with numbers ofavailable listings, solds over the pastmonth, inventory levels, averagedays on market 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). Plus it affords 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 a d v e r t i s e r s internet sites.I only accept ads from trusted andreliable service 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…. Bo KnowsReal Estate.
Let’s start with an overview of the market as itis on May 1st.In my 16+ years in real estate, I’ve neverexperienced a buying frenzy to the extend it ishappening right now. You may have heardstories of homes selling for 50, 75 or even100,000 ABOVE list price. These stories aretrue.What we are witnessing is the result of severalfactors. First, the available listings are way down fromthe average.Going back over the previous 3 years, we cansee that around 1100 available houses for salein Winnipeg would be an average amount forMay 1st.Today, we have 633. That’s about half of thenormal numbersThe second factor is that SALES are actuallyhigher than normal, which goes againstconventional wisdom.W H A T ' S H A P P E N I N GI N O U R M A R K E T ?
Over the past 3 years , an average number of around 450-500 houses would sell during the month of AprilThis year, we sold a confirmed 923 with another 96 aspending and most likely to close……meaning that sales areUP 100% over last year.The result is obvious: an increasing number of buyers vyingfor a decreased number of available homes. Hardest hit will be the first time home buyers. If you’relooking for a 300K home in a popular area, you may be outof luck for now. Houses which are listed at 280, sell for300, 320 , 350…..often without ANY conditions. If you’re putting 5% down, that’s a VERY toughenvironment to compete in. Photo by Serena | PhotographyWhy Is This Happening?
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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, May 1st, there are 176 active listings, which comparedfairly evenly to the 144 listings on April 1st this year.But compare to last year, same time. May 1st, 2020 we had 285active listings available in the under $250K range.And while available listings are down, sales are the same overlast month, and last year same time period.During April this year, we sold 140 homes, with another 34showing as "Pending", for a total of 174 possible sales.While that's down slightly from the 192 houses sold in Marchthis year, it's considerably more than the 134 sold in April of2020.This means the inventory drops from 92 days last year to 30days this year. 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 N G T I M E L 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 $350,000.H O U S E S B E T W E E N$ 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, May 1st, there are 281 active listings, which is slightlymore than there were on April 1st, but it is WAY down from ayear ago, when 590 houses were available.And while available listings are down, sales are actually up overlast year.During April this year, we sold 580 homes, with another 57showing as "Pending", for a total of 637 possible sales.That's only down slightly from March's 648, and significantlymore than April 2020, when we wold 320 homes. This means the inventory drops from 72 days last year to to ameager 13 days this year. Very tough market for buyers inWinnipeg. Photo by Serena | Photography
Photo by Serena | Photography
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