1. Really Good Photos and 3D Tours are Essential
2. Highlight a Feature of Your Home
3. The agent you choose has a big impact on the success of your sale.
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A record month of sales and dollar volume activity for August capped off a very active summer. July and August were identical twins when it came to sales. However dollar volume differed with lower dollar volume in August due in part to condominium sales activity showing much larger gains than single family. August MLS® sales of 1,439 were up 13% over August 2018 and rose 9% above the five-year average for this month. The highest previous month of sales activity for August was 1,350 sales in 2016. August dollar volume of $411 million resulted in close to a 10% gain over the same month last year. It is the first time August dollar volume has eclipsed the $400 million mark.
The real highlight of August 2019 was the 37% increase in condominium sales over August 2018. The 199 sales are 19% higher than the five-year average for this month and a few sales below the best condo month sales performances ever for the Winnipeg Metro Region. With the exception of 9 new condo sales in a Fort Rouge project, the vast majority of condo sales in August were resales with many of the larger percentage gains over 2018 occurring in the southwest quadrant of Winnipeg. When you add up the August condo sales activity of East Fort Garry, Linden Woods and Fort Richmond, there are 34 sales. There were 12 altogether last August.
As for single family sales, the 1,014 total for this month are record-setting too for this month but only up 4% over August 2018. 3% of these sales can be attributed to the expansion of MLS® this year to the south-central region of Manitoba in the Morden/Winkler area. Another 25% of total single family sales came from outside Winnipeg.
“It is not often, if at all, when we see condominium sales outperform single family to the degree they did this month,” said Ken Clark, president of WinnipegREALTORS®. He added, “It means their year-to-date percentage gain over 2018 sales is greater than single family’s now."If condominiums were the lead standout in this record-performing MLS® month, there was a strong supporting cast of other property types besides single family. All property types saw increases over August 2018 with large double-digit increases in many instances. The 27 resort property sales increased 50% over 2018.
Year-to-date MLS® sales of 9,702 are 5% higher than the same period of time last year while dollar volume of $2.91 billion is up 6% from 2018. Sales are within 1% of the best years on record in 2016 and 2017.
Inventory is somewhat elevated at over 6,000 listings and is 17% greater than we were at the same time last year, however overall we remain in balanced territory.
“It is becoming abundantly clear with the strong results we had in August that buyers are capitalizing on the incredible choice and vast array of affordably-priced properties available on our MLS® for sale,” said Clark. “A very favourable 5-year fixed rate in the current mortgage market bodes well for buyers heading into the fall season.”
Investor Info Session
- 3 of the most common mistakes made by beginner investors.
- How to quickly analyze investment properties.
- How to retire in 15 years with little risk.
- How to get financing.
- What the experts don’t tell you about investing in Winnipeg.
Home Seller Info Session
- How to sell you home for top dollar.
- What kind of improvements you should not do.
- How to stage your house properly.
- How to show and market your property.
- Strategies for pricing your home Home Seller Info Session1:00 pm - 2:00 pm7:00 pm - 8:00 pm
- What you need to know as a New Home Buyer
- Steps to avoid bidding wars
- What your home inspector doesn’t know
- Understanding closing costs
- Where to find a down payment
- How to get approved
We are proud to announce a new marketing we have developed to better serve our customers and clients help get to know the Real Estate Team that sells on average 300 homes per year.
This magazine outlines the professional and innovative approach The Judy Lindsay Team takes in helping your find your dream home or helping to sell your home in a competive market.
The magazine outlines the Judy Lindsay Team dedication to selling your home, and showcases all the ways the Judy Lindsay Team marketing strategies can help you sell your home faster and for top dollar.
Come check out our magazine and see why we have been Winnipeg's leading real estate team since 1995.
There is value in doing some projects to your home before you sell. Not all home improvements
achieve this. So, which home improvements give you the best “bang for your buck”?
The following 7 Projects add value to your home
Kitchen Renovations
Keep the renovation simple but modern. This upgrade can cost between $5000 To $75,000. Use neutral colours that are more appealing to prospective buyers
Can recoup costs between 60% - 120%
Bathroom Addition
If your home has one bath, considered adding another. Square footage needed for half bath Is 18 sq. ft and full bath is 35 sq. ft. Keep the renovation fresh, modern and simple.
Can recoup costs between 80% - 120%
Re-inventing a Room
Reinventing existing space in your home can improve the overall function of the space such as finishing a basement and/or converting an attic to a bedroom.
Can recoup costs between 50% -80%
Adding Energy Efficient Windows
Buyers today are looking for energy efficient windows in the homes they may purchase. Single pane windows cost more in energy bills while energy efficient windows can save on your energy bills up to $500 per year.
Average cost to replace windows is $7500 - $10,000. in an average sized home
Can recoup costs between 60% - 90%
Deck Addition
Outdoor living spaces have become more desirable since more people stay home for vacations (referred as Staycations). If you make your deck and backyard more appealing, prospective buyers will show more interest in your home. Cost to add a deck range from $1200. To $10,000.
Can recoup costs between 60% - 90%
Energy Efficient Insulation
Lack of insulation and old doors let in plenty of hot and cold air and are more expensive to live in. Home inspectors include this in their evaluations on home inspections. Making your home energy efficient doesn’t need to cost a lot of money and can save you up to $500. per year on your heating and cooling cost.
Basic Updates
These add the most value to your home. Keep paint neutral and fresh; Fix a leaky roof; Replace rotted wood and get rid of any mold. These types of chores keep your home from deteriorating over time.
Buyers want a healthy, solid, safe home and they look carefully for signs of routine maintenance. Look for future articles to describe in length how you can achieve the desired results that are cost effective and current for your home renovations. Simple fixes sometimes can achieve the desired result without expensive renovations. July Lindsay Team is always ready to assist you with any concerns you may have before you sell your home.
