Winnipeg Real Estate News

So glad we could finally hang a sold sign on this one. Onto the next project! #sold #winnipegrealestate #meridianrealty #buysellwinnipeg #sashadukic ... See MoreSee Less

So glad we could finally hang a sold sign on this one. Onto the next project! #sold #winnipegrealestate #meridianrealty #buysellwinnipeg #sashadukic

Talk about rooftop views! Commercial real estate is where it’s at, looking forward to some exciting moves and changes. ... See MoreSee Less

3 months ago

Sasha Dukic, Realtor - Meridian Realty

Before & After - FYI the pictures for the before look better than it actually was! #backyard #transformation @ River Heights ... See MoreSee Less

Open House at 155 Lake Bend Road this weekend. If you haven’t been, now is the time. ... See MoreSee Less

Where’s all the buyers at!!! Let’s go shopping #buysellwinnipeg #meridianrealty #sashadukic #winnipeg #realestate #mls ... See MoreSee Less

Where’s all the buyers at!!! Let’s go shopping #buysellwinnipeg #meridianrealty #sashadukic #winnipeg #realestate #mls

May sales decrease 11% from best month ever in May 2017

WINNIPEG - May sales were down from the best May and month on record in 2017 when close to 1,700 transactions were processed on WinnipegREALTORS® MLS®. The 1,510 sales recorded in May 2018 decreased 11% from the same month last year and are down 4% from May’s 5-year average sales numbers and 1% from the 10-year average. Dollar volume of $458.4 million decreased 8% from May 2017.

New listings coming on the market in May decreased less than 2% while inventory at the end of the month increased 3% to 5,103 listings. When broken down into the two main property types of residential-detached and condominiums, inventory sits at 2,750 and 973 respectively. If no new listings were to come on the market this inventory would run out in roughly two and one-half months for residential-detached properties and five months for condominiums.

“While you cannot hit home runs every year, there are some headwinds facing the market this May that were not in play last year, “said Chris Dudeck, president of WinnipegREALTORS®. “Higher lending rates in tandem with more stringent mortgage qualifying requirements are dampening demand even in our more affordable housing market. There was also a pull-forward in the spring of 2017 of new residential-detached, condominiums, single-attached and town house property type sales to avoid paying City of Winnipeg impact fees.”

Year-to-date sales of 5,021 are down less than 8% from the two busiest years on record in 2016 and 2017 but slightly ahead of the previous three years from 2013 to 2015. Dollar volume of $1.488 billion is 6% off last year’s $1.58 billion total.

Despite some slowdown in market activity in May and year-to-date, there are positive indicators to report on in May.

Average days to sell in May for residential-detached and condominiums properties were less than four and five weeks respectively. Sales of homes in the $300,000 to $349,999 price range were particularly fast-paced with average days to sell of only 16 days. Condominiums, predominantly new units, sold on average in 17 days in the $350,000 to $399,999 price range.

The average sales price in May in comparison to May 2017 was up modestly too for both residential-detached and condominiums.

An indicator of demand outstripping supply for residential-detached sales for certain MLS® areas was the number of homes selling for above list price reached 28%, a 2 percentage point increase from May 2017.

This reality is borne out by a number of neighbourhoods dispersed throughout Winnipeg which had sales numbers exceeding the number of listings remaining for sale at the end of the month. The same situation does not exist for condominiums with just 9% of condominiums in May selling for above list price. There is a healthy supply of condominium listings available to choose from throughout the Winnipeg Metropolitan Region.

The overall absorption rate for MLS® listings going into June is less than 3 and one-half months however one area to watch for is the build-up in condominium inventory. Condominium inventory is up 10% from last year at close to 1,000 listings.

“Given how there has been more time for both mortgage lenders and buyers to adjust to the new mortgage rule requirements including an modest increase in the Bank of Canada’s five-year benchmark rate, I am hopeful June may be a catch up month and will usher in improved performance in sales activity,” said Dudeck. “It would not surprise me to see June edge out May in sales this year.”

“ A professional REALTOR® is who you should be calling to find out what is your best recourse in terms of what you need to do in navigating our current real estate market”, said Marina R. James, CEO of WinnipegREALTORS®.
... See MoreSee Less

May sales decrease 11% from best month ever in May 2017

WINNIPEG - May sales were down from the best May and month on record in 2017 when close to 1,700 transactions were processed on WinnipegREALTORS® MLS®. The 1,510 sales recorded in May 2018 decreased 11% from the same month last year and are down 4% from May’s 5-year average sales numbers and 1% from the 10-year average. Dollar volume of $458.4 million decreased 8% from May 2017.

New listings coming on the market in May decreased less than 2% while inventory at the end of the month increased 3% to 5,103 listings. When broken down into the two main property types of residential-detached and condominiums, inventory sits at 2,750 and 973 respectively. If no new listings were to come on the market this inventory would run out in roughly two and one-half months for residential-detached properties and five months for condominiums.

“While you cannot hit home runs every year, there are some headwinds facing the market this May that were not in play last year, “said Chris Dudeck, president of WinnipegREALTORS®. “Higher lending rates in tandem with more stringent mortgage qualifying requirements are dampening demand even in our more affordable housing market. There was also a pull-forward in the spring of 2017 of new residential-detached, condominiums, single-attached and town house property type sales to avoid paying City of Winnipeg impact fees.”

Year-to-date sales of 5,021 are down less than 8% from the two busiest years on record in 2016 and 2017 but slightly ahead of the previous three years from 2013 to 2015. Dollar volume of $1.488 billion is 6% off last year’s $1.58 billion total.

Despite some slowdown in market activity in May and year-to-date, there are positive indicators to report on in May.

Average days to sell in May for residential-detached and condominiums properties were less than four and five weeks respectively. Sales of homes in the $300,000 to $349,999 price range were particularly fast-paced with average days to sell of only 16 days. Condominiums, predominantly new units, sold on average in 17 days in the $350,000 to $399,999 price range.

The average sales price in May in comparison to May 2017 was up modestly too for both residential-detached and condominiums.

An indicator of demand outstripping supply for residential-detached sales for certain MLS® areas was the number of homes selling for above list price reached 28%, a 2 percentage point increase from May 2017.

This reality is borne out by a number of neighbourhoods dispersed throughout Winnipeg which had sales numbers exceeding the number of listings remaining for sale at the end of the month. The same situation does not exist for condominiums with just 9% of condominiums in May selling for above list price. There is a healthy supply of condominium listings available to choose from throughout the Winnipeg Metropolitan Region.

The overall absorption rate for MLS® listings going into June is less than 3 and one-half months however one area to watch for is the build-up in condominium inventory. Condominium inventory is up 10% from last year at close to 1,000 listings.

“Given how there has been more time for both mortgage lenders and buyers to adjust to the new mortgage rule requirements including an modest increase in the Bank of Canada’s five-year benchmark rate, I am hopeful June may be a catch up month and will usher in improved performance in sales activity,” said Dudeck. “It would not surprise me to see June edge out May in sales this year.”

 “ A professional REALTOR® is who you should be calling to find out what is your best recourse in terms of what you need to do in navigating our current real estate market”, said Marina R. James, CEO of WinnipegREALTORS®.

4 months ago

Sasha Dukic, Realtor - Meridian Realty

List Price: $699,900

Size: 2364 square feet plus fully finished basement (900 square feet)

Bedrooms: 4+1
Bathrooms: 3.5

Lake Bend Road is truly a remarkable street in the Bridgwater Neighbourhood - with some amazing homes on either side of the street and home to dozens of show homes. The water views, and even the famous fountain on Water Bend is visible from this amazing home. With easy access to the numerous trails, parks and playgrounds it is in a perfect location.

Don't forget to see the video at the bottom of this page or click here.

This former show home at 155 Lake Bend Road is sure to impress, with just under 2400 square feet, four bedrooms on the second floor, a fully finished basement with an additional bedroom and bathroom it just keeps surprising after every turn. You will be impressed by the 10 foot ceilings throughout the main floor and an open two story ceiling in the great room flanked by windows all around. The chef's kitchen features black quartz, a mirror backsplash and stainless steel appliances will make everyone flock to the space. A spacious main floor powder room, laundry room and a front den complete the main floor, while the quick access off the dining room leads onto a composite deck and fire pit area.

The upper level features three large bedrooms, a four piece main bathroom and a spacious master with an impressive ensuite. The glass shower, free standing tub and the dark tile finish just embosses the luxurious feel of this home.

In the fully developed lower level you will enjoy amazing daylight via the oversized windows, a roughed in spot for a amazing wet bar and a 6' linear fireplace. In the family area as well as the bedroom, you will enjoy built in ceiling speakers while the recreational area is pre-wired for audio and video for future installation. The large bedroom with a walk in closet and a four piece bathroom complete this space.

If you have been looking to move into the Bridgwater Neighbourhoods then this Lakes home is just perfect for a growing and large family.

Call or message me for your private tour and any additional information you may have.

Visit The Bridgwater Neighbourhoods for more about the area and neighbourhood you may soon call home.
... See MoreSee Less

 

Comment on Facebook

Beautiful house

Inderpreet Singh

4 months ago

Sasha Dukic, Realtor - Meridian Realty

... See MoreSee Less

Lake Bend Road is truly a remarkable street in the Bridgwater Neighbourhood - with some amazing homes on either side of the street and home to dozens of show homes. The water views, and even the famous fountain on Water Bend is visible from this amazing home. With easy access to the numerous trails, parks and playgrounds it is in a perfect location.

Don't forget to see the video at the bottom of this page or youtu.be/V6uoaglQYuM

This former show home at 155 Lake Bend Road is sure to impress, with just under 2400 square feet, four bedrooms on the second floor, a fully finished basement with an additional bedroom and bathroom it just keeps surprising after every turn. You will be impressed by the 10 foot ceilings throughout the main floor and an open two story ceiling in the great room flanked by windows all around. The chef's kitchen features black quartz, a mirror backsplash and stainless steel appliances will make everyone flock to the space. A spacious main floor powder room, laundry room and a front den complete the main floor, while the quick access off the dining room leads onto a composite deck and fire pit area.

The upper level features three large bedrooms, a four piece main bathroom and a spacious master with an impressive ensuite. The glass shower, free standing tub and the dark tile finish just embosses the luxurious feel of this home.

In the fully developed lower level you will enjoy amazing daylight via the oversized windows, a roughed in spot for a amazing wet bar and a 6' linear fireplace. In the family area as well as the bedroom, you will enjoy built in ceiling speakers while the recreational area is pre-wired for audio and video for future installation. The large bedroom with a walk in closet and a four piece bathroom complete this space.

If you have been looking to move into the Bridgwater Neighbourhoods then this Lakes home is just perfect for a growing and large family.

buysellwinnipeg.com/property/155-lake-bend-road/

Call or text me for your private tour and any additional information you may have.

Visit The Bridgwater Neighbourhoods for more about the area and neighbourhood you may soon call home.
... See MoreSee Less

 

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It’s beautiful. So you make such houses in Winnipeg city

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