JULY REAL ESTATE SUMMARY

With the weather better than last July … and people thinking more about some sun, sand and surf  not listing and selling the numbers don’t look all that bad. There are positives in this more balanced healthier market.

In July, there were 3,191 listings actually available for buyers to see … down just 17 properties from July of last year. The number of new listings added in July this year was 1587 … just 95 shy of last year’s. Sales were 178 less than last year (1,195 vs. 1,373) and with 178 fewer sales, dollar volume dropped to $261,349,000 from $276,582,000 in July 2009. Year to date, properties marketed through the Multiple

Listing Service® are ahead of last year’s record setting pace. The number of listings from January to the end of July is 11,625  up from 11,410 last year. Sales are 7,647 vs.7,469 last year, and dollar volume is up to $1.71 billion versus $1.52 billion in ’09.

For sales in July activity is pretty balanced. 21% of the sales through MLS® are above $300,000; 39% are between $200,000 and $300,000; 34% are between $100,000 and $200,000 – and the remaining 6% are

under $100,000. Average days on market for a single family residential sale was 28 days, 2 days faster than in 2009.  “We are quite fortunate to be in Winnipeg where real estate is still affordable compared with other major Canadian cities” said Claude Davis, President of WinnipegREALTORS®.                     

I am available at anytime to discuss the Real Estate market. Get the FACTS. Whether buying, selling or if you just have questions, call me. I would be pleased to assist you, your friends or your family with your Real Estate needs.