Monday, March 21, 2011
FEBRUARY REAL ESTATE SUMMARY
Despite the unseasonably cold February, 1,313 sellers put their houses on MLS in the month, up 12% from last February … and 781 sellers sold their properties through MLS, up 10% from February 2010. As a result of 1313 new listings being added in the month the listing inventory available for sale rose 16% from last year’s inventory. So there are more houses to choose from for buyers – the second highest inventory of resale homes in the past 5 years.
The dollar volume for the month is up 14% from last year at $171 million and last February was a record February for dollar volume! With great February numbers, the impact on year-to-date is nothing but positive. Listings in January and February are up 14% from the first two months of 2010. 2,454 homes have been listed on Winnipeg’s MLS since the start of the year, and there have been 1,347 sales, up 12% from last year. Dollar volume is already at $296 million, up 17% from last year’s two month activity.
20% of all sales were under $150,000. On the upper end of the scale, 22% of the sales were above $300,000, including 5% over $500,000. That leaves 58% of sales between $150,000 and $300,000, 22% between $150,000 and $200,000, 20% between $200,000 and $250,000 with 16% between $250,000 and $300,000. Days on market for homes sold dropped to 26 days, 3 days fewer than February 2010. The highest priced condo sale in February was $383,000 and the lowest priced was $72,000. The highest priced house sale was $880,000 and the lowest was $25,000.
Post Your Comment: