Real Estate Information

NO GOLD BUT NOTHING WRONG WITH SILVER

-           -           -

2011 edges out 2012 in a close contest

WINNIPEG - WinnipegREALTORS® noted the 2011 third quarter was quite exceptional so a formidable foe to outperform in 2012. July 2012 proved this point. When it came to the finish line MLS® sales fell short by less than 2% or 21 sales. Dollar volume was the reverse as July 2012 eked out a narrow victory over July 2011 by a little over $6 million or 2%. Close for sure on both accounts and while neither years’ set all time best sales records for this summer month they both are slightly better than the 10-year running average of 1,223 MLS® sales.

Fastest to the finish line in record fashion is the year-to-date dollar volume. Never before has WinnipegREALTORS® in its 109-year history transacted $2 billion in MLS® sales in the first seven months of the year. With five months to go and a cushion of an 8% gain over the same period last year the potential for another annual dollar volume record which will eclipse $3 billion for only the second time is well within reach. 

As for year-to-date listings entered on the MLS® system, another tight race is emerging with 2012 just going over 12,000 listings. 2011 was still under 11,800 listings by the end of July.

July MLS® unit sales decreased by less than 2% ( 1,225/1,246) while dollar volume was up 2% ($294.4 million/$288.1 million) in comparison to the same month last year.  Year-to-date MLS® sales are ahead by 3% (8,146/7,906) while dollar volume has increased 8% ($2.00 billion/$1.84 billion) compared to the same period last year.

“Another solid performance turned in by our 1600 strong REALTOR® team in the month of July,” said Shirley Przybyl, president of WinnipegREALTORS®.  “We are moving on a sales pace so far this year that is only slightly behind the fastest one set in 2007.  Even if we do fall short in the end 2012 is shaping up to be one worthy of a Clara Hughes smile.”

The most active price range for residential-detached sales continues to be the $250,000 to $299,999 price range with 23% of total sales. Not far behind are the two lower price ranges from $200,000 to $249,999 and $150,000 to $199,999 with 19 and 17% respectively. July 2012 showed how diverse WinnipegREALTORS® housing market is with house sales of $1,329,000 and $12,500.

Condominium sales activity is most prevalent in the $150,000 to $199,999 price range with 35% of total sales.

Average days on market for July residential-detached sales was 26 days, 2 days slower than last month and a dead heat with July 2011. Average days on market for condominium sales was 41 days, a full two weeks slower than last month and July 2011.

Established in 1903, WinnipegREALTORS® is a professional association representing over 1,700 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.

For further information, contact Peter Squire at 786-8854.

5 SALES OVER A MILLION DOLLAR EACH HELP SET ALL TIME DOLLAR VOLUME MONTHLY RECORD

-     -           -

MLS® Monthly Dollar Volume Eclipses $400 million for First Time

WINNIPEG – Talk about making a statement for May 2012 when you have five sales over a million dollar each propel the monthly MLS® dollar volume level to over $400 million for the first time in WinnipegREALTORS® 109–year history.  Beyond the 5 mega sales, May saw over 1,600 sales in total – making it the second best May and month ever next to May 2007 with MLS® sales of 1,652. Dollar volume in May 2007 was less than $300 million.

A fabulous month indeed and it demonstrates buyers are as active as ever in taking advantage of exceptionally low mortgage rates and one of the most affordable major real estate markets in the country. Some months you are fortunate to get one million dollar plus sale so to have five in one month is atypical and indicative of strength in the luxury end of Winnipeg’s real estate market. The most expensive of the group went for $1,200,000. It is a newer fully loaded 3200 sq. ft. home in Assiniboine Landing – an upscale development in South Headingley.

There have now been two consecutive months where residential-detached sales in the over $500,000 price range have significantly outnumbered the under $99,999 price range. This was not the case in 2011.

May MLS® unit sales increased 10% (1,605/1,463) while dollar volume went up 17% ($411.4 million/$350.0 million) in comparison to the same month last year. Year-to-date sales are ahead by 5% (5,434/ 5,144) while dollar volume has risen 12% ($1.33 billion/$1.18 billion) in the first five months. To indicate just how active and robust May 2012 performed, nearly one out of every two MLS® listings available sold.

 A 50% turnover in inventory left active listings at the end of May down from the same time last year by 3%. Not surprisingly given the strength of the MLS® market in May, there were more homes that sold for above list price than below list price.

“You only have to go back 10 years when we considered $100 million monthly MLS® sales to be a very good result as it only happened in three of the 12 months,” said Shirley Przybyl, president of WinnipegREALTORS®. “To think we have now achieved a new monthly milestone this month of over $400 million in MLS® sales shows just how much our market has evolved. While more of the change has to do with price increases than a spike in sales, it does indicate Winnipeg in 2012 is dramatically different. The numbers continue to impress even some of the most optimistic Winnipeg boosters.”

Despite the success of this month, it is really important to stress that all property types and specific property types within a local real estate market do not perform or act the same. Two good examples substantiate this point. Condominium sales were more in line with last May sales, while resort properties were actually down from the same month last year. In sharp contrast duplex and single-attached were dramatically higher in sales activity and residential-detached and vacant land showed decent increases.  When examining residential-detached sales, a number of the desirable City of Winnipeg MLS® neighbourhoods are seeing far higher sales conversions of listings and fewer days on market than many rural municipalities.

“Our monthly MLS® market releases do give you a reasonable barometer of what is happening overall at a given point in time,” said Przybyl. “However, for a particular property type you want to sell or are interested in buying, you should be calling a REALTOR® - one who has the expertise necessary to provide all the information and advice you require to make the most informed decision.”

For residential-detached sales in May, the most active price range was from $250,000 to $299,999 with 24% of total sales activity. Dropping back in market share but still second is the $200,000 to $249,999 price range at 17%. Two-thirds of all sales are from $150,000 to $300,000.

30% of condominium sales fell in the $150,000 to $199,999 price range but the next laddered range of $200,000 to $249,999 is growing in market share with 21% of total sales.

Average days on market for residential-detached sales was 24 days, two days quicker than last month and two days off the pace set in May 2011. Days on market for condominium sales was 28 days, 9 days faster than last month and the same rate as May 2011.

Established in 1903, WinnipegREALTORS® is a professional association representing over 1,700 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by The Canadian Real Estate Association and are used under licence.

For further information, contact Peter Squire at 786-8854.

PRESS RELEASE
May 7, 2012
For Immediate Release
APRIL TURNS IN STERLING MLS® PERFORMANCE
- - -
MLS® Sales Up 17%; Dollar Volume Rises 25%
WINNIPEG – In many respects, this April has to be considered the best April in WinnipegREALTORS® 109-year history as it was only 9 unit sales off the highest April MLS® unit sales recorded in 2008 but is way out in front in dollar volume from any previous April. A rebound was predicted from last April given Manitobans were contending with the flood situation and therefore the spring market did not get on track as it normally does at this time of year.
Not surprisingly, along with significant sales and dollar volume increases, listings came roaring back too compared to the same month last year with a 17% year-over-year increase. So it is no coincidence sales were ahead by the same percentage as eager buyers took advantage of fresh inventory to choose from. Despite an improvement in listings supply, there is still less than 3 months of residential-detached housing available going forward to meet the demand if there were no listings coming on stream.
As a result of April’s strong showing, year-to-date sales which had fallen behind last year at the end of the first quarter are now back in the lead and dollar volume widened its gain over 2011 by a 10% margin.
April MLS® unit sales increased 17% (1,346/1,148) while dollar volume went up 25% ($337.3 million/$268.8 million) in comparison to the same month last year. Year-to-date sales are up 4% (3,829/3,681) while dollar volume has risen 10% ($926.4 million/$839.3 million) in comparison to the same period last year. Listings entered on the MLS® system this year are up 5% with well over 6,000 listings.
“So far so good sums up this year,” said Shirley Przybyl, president of WinnipegREALTORS®. “However, we are now coming into some very solid monthly performances recorded in 2011 so maintaining a lead over last year and even keeping pace over the next few months will require continued brisk sales activity. All I can say is our 1,578 strong REALTOR® network is up to the challenge.”
To show just how much buyers in the local market are putting a premium on available listings, there were more above list price sales than there were below list price in April and the average sale price for above, below or at list price residential-detached sales all centered around the $280,000 price level.
“Not all homes or neighbourhoods or price range levels share the same market pressures and characteristics so you really do need to be talking to a REALTOR® to understand your own unique situation and then make an informed decision on how you wish to
proceed,” said Przybyl. “It is worth noting though when you have a number of MLS® neighbourhoods in Winnipeg with average days to sell of only two weeks or less and high sales-to-listings conversions as we did in April on MLS®, you know your REALTOR® has an excellent opportunity to maximize the sale price of your home.”
For residential-detached sales in April, the most active price ranges were the $200,000 to $249,999 and $250,000 to $299,999 price ranges. They were only two sales apart and each contributed 20 % of total sales. It may be time to fold the $0 to $99,999 price range into the next higher one as it only represented 3% of all sales in April.
As for condominium sales activity, while the $150,000 to $199,999 price range is still dominant with 34% of total sales, you are starting to see more of a shift towards the $200,000 to $249,999 price range as it grabbed another 21% of condominium sales in April.
Average days on market for residential-detached sales was 26 days, one day slower than last month and the same pace as April 2011. Days on market for condominium sales was 37 days, 6 days off the time set last month and 3 days slower than April 2011.
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,700 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under licence.
For further information, contact Peter Squire at 786-8854.

April 5, 2012

For Immediate Release

First Quarter MLS® Market Activity Keeps Pace With 2011

- - -

Second Best March On Record

WINNIPEG - First quarter MLS® sales and dollar volume market activity are in line with the same period in 2011. This year’s result can only be viewed positively given last year’s first three month’s performance was the best first quarter WinnipegREALTORS® ever had since its inception in 1903. Sales are down 2% while dollar volume is up 3% in comparison to 2011.

March 2012 was also up against the best March in WinnipegREALTORS® history in 2011 so to be down only 4% in sales and dollar volume respectively is hardly something to fret about. If anything, it can be seen as a bit of a reprieve that will allow more inventory to help moderate the upward market pressure on prices. In fact, going into April, there are 17% or more than 200 active residential-detached listings available for sale than was the case at the end of February. Helping increase supply was the 5% increase in new listings coming on to the market in March.

March MLS® unit sales were down 4% (1,138/1,186) while dollar volume as well decreased 4% ($264.8 million/$274.9 million) in comparison to the same month last year. Year-to-date or first quarter MLS® market activity shows sales down 2% (2,483/2,533) while dollar volume is up 3% ($589.0 million/$570.5 million) in comparison to the same period last year.

“ We have to keep in mind there was a real impetus last year to buy earlier than other years given the change in the amortization period from 35 to 30 years and yet we are still close in sales transacted thus far in 2012,” said Shirley Pryzbyl, president of WinnipegREALTORS®. “There is a real opportunity to catch up next month as April 2011 was negatively affected by the 2011 flood where listings and sales fell off from what you would normally expect for this spring month.”

While March 2012 will be noted as the first month in many to not see a spread in sales and dollar volume percentages where the latter has been notably higher, it is too early to tell if this will continue. Why? Many market indicators such as days on market and percentage of above list price sales (e.g. 45% in March) show the local market is remaining robust in its overall performance and therefore will continue to push dollar volume to record levels as it has done in previous years.

“The greater Winnipeg market region is very diverse in its make-up with all sorts of different factors at play, especially when it comes to various property types and areas within the city and rural municipalities” said Pryzbyl. “No one existing resale property is the same. Whether you are buying or selling you need to be talking to a REALTOR® - the local market expert – about your expectations as they may not align with what is happening at this time in the market.”

For residential-detached sales in March, the most active price ranges were from $200,000 to $249,999 and from $250,000 to $299,999 at 20% each of total sales. Next busiest price range was from $150,000 to $199,999 at 15%. The average days on market to sell for the most active price ranges was only 17 days. The average days on market for all residential-detached listings was 25 days, 3 days faster than last month and one day slower than March 2011.

The average days to sell for condominiums in March was 31 days, three off the quicker pace set last month but 4 days quicker than March 2011. The most active price range by a wide margin in March for condominium sales was from $150,000 to $199,999 with 36% of total sales.

Established in 1903, WinnipegREALTORS® is a professional association representing over 1,600 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under licence.

For further information, contact Peter Squire at 786-8854.

FEBRUARY MLS® SALES MATCH LAST YEAR’S TOTAL

-           -           -

Dollar Volume Sets February Record with a 12% Increase

WINNIPEG – If this was a Winnipeg Jets hockey game we would be going into overtime as February MLS® sales were identical to last year’s. We will have to wait until February 2013 to break the tie. On the other hand, dollar volume was a different story altogether with the clear edge going to February 2012 with dollar volume up 12% at $191 million. As a result, the average residential-detached sales price was notably higher at $266,000 in comparison to $240,000 in February 2011. Condominium average sales price also vaulted past February 2011 with a jump from $198,000 to close to $211,000 in February 2012. Another virtual tie came in new MLS® listings with 1,315 entered in February 2012 compared to 1,313 in February 2011.

Even the total sales price to total list price ratio which is an indicator of  strong buyer demand when the ratio climbs over 100% were nearly the same between the two February’s with ratios over 101%. As for other February’s, only February 2007 had 16 more sales than 2011 and 2012.

One of the clear differences in February 2012 from last year is while there were only a few more over $500,000 residential-detached sales there were only half as many under $99,999 sales and for the first time ever the $250,000 to $299,999 price range had the highest percentage of total sales. In 2011 the lower price range of $200,000 to $249,999 always came out on top.

February MLS® sales were even with last February at 781 while dollar volume rose 12% ($191.0 million/$171.1 million) in comparison to the same month last year. Year-to-date MLS® units sales are only two shy of last year at 1,345 while dollar volume is up 10% ($324.3 million/$295.6 million) in comparison to the same period in 2011.

“Knowing how exceptional 2011 was in our 108–year WinnipegREALTORS® history we certainly have no issue with history repeating itself this year where sales keep pace with 2011 and dollar volume continues to show gains as it has consistently since 2002,” said Shirley Przybyl, president of WinnipegREALTORS®.  “So far our 2012 forecast is on track. Without trying to get too ahead of ourselves as still ten months to go, we are moving into spring market conditions. Even with some of that white stuff that has been more fleeting this year, it will not dampen a real estate market that saw 44% of single family house sales and 31% of condominium sales go for above list price in February.”

Housing inventory remains tight with about a month and a half worth of supply if no new listings were to come on the market. While this is not the case in all MLS® areas throughout the Greater Winnipeg market region, there clearly is a need for fresh listings overall. So if an owner is thinking of putting their property on the market, they should be calling their REALTOR® to give them a current market assessment of their unique situation and positioning in the market as it may well indeed be a wonderful opportunity to give their listing full maximum exposure on the MLS® when there are less properties to compete against.

The most active residential-detached price range in February was $250,000 to $299,999 with 20% of total sales. The two next lower price ranges of $200,000 to $249,999 and $150,000 to $199,999 each grabbed 17% of total sales. While not quite as dominant as it has been, the price range of $150,000 to $199,999 represented 36% of the total condominium sales. The next busiest price range was from $200,000 to $249,999 with 20% of total sales.

The average days on market to sell a home was 28 days, two weeks quicker than last month and 2 days slower than February 2011. Days on market for condominium sales was 28 days too, one week faster than last month and 4 days off the pace set in February 2011.

Established in 1903, WinnipegREALTORS® is a professional association representing over 1,600 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under licence.

For further information, contact Peter Squire at 786-8854.

JANUARY MLS® SALES AMONG BEST FOR THIS MONTH

-           -           -

MLS® Sales Even With 2011, Dollar Volume Up 7%

WINNIPEG – With the exception of 1997 when January sales were at 660, January 2012 sales activity ranks among the best results for all other Januarys as none have even threatened the 600 sales level. Dollar volume is another story altogether as despite sales being in a virtual deadlock with last January, there was still nearly an additional $8 million worth of sales activity. As a result, we see a replay of previous years where even if sales are not up to the previous year level, the dollar volume sets a new monthly record.

Interestingly enough, some of the real star performers of last year relate to property type, dropped off in the first month this year in comparison to activity the same month a year ago. Sales of single-attached were off 25% while condominiums dropped 16%. And vacant lots and mobile homes both decreased 8%. The saving grace was the 4% increase in single family homes which accounts for the lion’s share of all MLS® sales. For example in 2011 this dominant property type comprised 74% of all MLS® sales.

Rural sales in particular stood out in January as represented 29% of all single family home sales.

January MLS® sales were down just 2 properties (564/566) while dollar volume was up 7% ($133.3 million/$124.5 million) in comparison to the same month last year. New listings entered on the MLS® in January of 1,045 were off 8% from January 2011.

“We do not read a lot into one of our slowest months of the year,” said Shirley Przybyl, president of WinnipegREALTORS®. “It is fair to say however that is does track well in line with our 2012 MLS® forecast where we predict MLS® sales holding the line with last year’s 13,000 plus  performance and that dollar volume will still move up higher due to tight market conditions remaining firmly entrenched in 2012.” She added, “The extremely low interest rate environment will continue to be a real incentive for first–time buyers to get into the housing market.”

The most active residential-detached price ranges were almost evenly divided amongst three between $150,000 to $299,999. Together these sales represented 51% of total sales. Close behind the three price ranges was $100,000 to $149,999 with 15% of total sales. Condominium sales were a different story with only one price range from $150,000 to $199,999 making up 43% of all sales.

The average days on market to sell a home in January was 42 days, 2 weeks slower than last month and the same pace as January 2011. The average days on market for condominium sales was 35 days, 2  weeks slower than last month and 3 days quicker than January 2011.

Established in 1903, WinnipegREALTORS® is a professional association representing over 1,600 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market.  Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®.   WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession.  REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under licence.

For further information, contact Peter Squire at 786-8854.

PRESS RELEASE
January 10, 2012
For Immediate Release
AN IMPRESSIVE FINISH TO 2011
- - -
Best December Ever At Just Under 700 MLS® Sales
WINNIPEG - Based on the busiest December on record in WinnipegREALTORS® 108-year history, you have to surmise that some of all those gift cards being purchased in December had to be house-warming gifts. December sales have never been at the 700 level mark before nor has dollar volume climbed so high to $182 million – a total that is leaps and bounds over any previous December. Prior to 2009, no December dollar volume ever eclipsed $100 million.
The strong finish to 2011 encompassed the entire second half with new monthly sales records or near best results. It led to WinnipegREALTORS® having its first $3 billion year worth of MLS® sales and the second best MLS® sales year – only nudged out by 13 sales in 2007. There is no question something special and significant happened to this city when the announcement was made of the return of Winnipeg to the NHL. Buyers gained confidence and were clearly motivated by the low borrowing costs that persisted throughout 2011 given the uncertain global outlook.
A real encouraging sign in December, as well as the year as a whole, was the improvement in MLS® inventory. New listings in the last month of the year were over 600 for the second year in a row. Total listings entered on MLS® in 2011 went over 18,000 for the first time in many years. The distinct advantage of more choice of new MLS® listings this December was a factor in almost catching the best annual sales on record in 2007. It is worth noting 2011 is only the second time WinnipegREALTORS® has had MLS® sales go over 13,000.
December MLS® unit sales increased 7% (698/653) while dollar volume shot up 19% ($182.0 million/$153.0 million) in comparison to the same month last year. 2011 MLS® unit sales ended up 7% (13,065/12,236) while dollar volume rose 12% ($3.06 billion/$2.73 billion) in comparison to the 2010. The 18,381 listings entered on MLS® in 2011 were up 3% from 2010 and conversion of these listings to sales finished at 71%, an improvement too over the previous year where it had fallen under 70 %.
“Pleasantly surprised and pleased at how we finished 2011 would be an accurate reflection of how we feel given our expectations were more muted at the beginning of the year,” said Ralph Fyfe, outgoing 2011 president of WinnipegREALTORS®. “As the year progressed it became evident momentum was on our side and it carried us all the way through to a record dollar volume year and a near miss on achieving a new benchmark for sales.”
Here is how things shook out in terms of the different MLS® property types. Residential-detached closed the year out with a 6% increase in sales over 2010. The over 9600 sales transacted represented 74% of total MLS® market share. Condominiums reached their highest level ever at close to 1,600 sales and were up 10% over 2010. These sales account for another 12% of MLS® activity in 2011. The biggest improvement however in sales as far as property types goes is the 27% increase in vacant lots from 414 in 2010 to 525 in 2011.
Owing to the outstanding MLS® residential-detached sales activity in the Steinbach MLS® area where sales alone exceeded 500, the rural MLS® areas grabbed 24% of all MLS® residential-detached sales. The southwest quadrant of Winnipeg was second at 19%.
As for average residential-detached sales prices for the different quadrants of the city and for rural municipalities, there is a significant spread between the highest and lowest prices. The southwest quadrant of Winnipeg is $341,461 while West Winnipeg, neighbourhoods north of the Assiniboine River and west of the downtown finished at $202,152. Winnipeg’s southeast quadrant for the first time reached $300,000 and rural municipalities ended up third highest at $250,000. The overall average residential-detached price reached its highest level on record at $256,748. It is up 6% from 2010.
“When we say all real estate markets are local it certainly applies to Winnipeg and is readily apparent when you see how divergent some of the prices are within the overall market region,” said Fyfe. “The most important statistic to you is the home you are selling or buying so you really do need to enlist a REALTOR® - a local expert – to interpret and assess your particular situation and advise you accordingly.”
The most active residential-detached price range in December was from $200,000 to $249,999 at 19% of total residential-detached sales activity. In sharp contrast, the most active condominium price range was from $150,000 to $199,999 at 53% of total condominium sales activity. For the year, the same price ranges were dominant for the aforementioned property types with percentages of 23% and 42% respectively.
The average days on market for residential-detached sales in December was 28 days, 1 day slower than last month but 5 days quicker than December 2010. As for the year, the average days on market was 26 days, just a day faster than 2010. For condominiums, the average days on market to sell in December was only 21 days, 11 days quicker than last month and 9 days faster than December 2010. For the entire year, the average days on market for condominiums was 29 days, one day faster than 2010.
The highest residential-detached sale price in 2011 was $1,750,000 while the lowest was just $14,000. The highest condominium sale price was $649,900 and the lowest was $35,000.
More detail on the year that was in 2011 will be reviewed at WinnipegREALTORS® annual forecast event to be held on Wednesday, January 25th. Predictions will also be made for MLS® sales activity in 2012.
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,600 real estate brokers, salespeople, appraisers, and financial members active in
the Greater Winnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under licence.
For further information, contact Peter Squire at 786-8854.