Here is the August 2012 sales report prepared by Winnipeg Realtors®:
There was no let up in August as it not only outperformed July but turned in a well above average performance for this time of year. It was only 4% off the most active August on record in 2005. Dollar volume was the highest it has ever been for August with close to $300 million in real estate transactions. 36% of the entire inventory turned over and that was with a healthy dose of new listings coming on the market.
August
“We are bucking a national trend which points to moderating local real estate markets,” said Shirley Przybyl, president of WinnipegREALTORS®. “With the most active real estate months behind us now our
“If we have learned anything from what has happened in
The most active price range for residential-detached sales continues to be the $250,000 to $299,999 price range with 22% of total sales. Although the next lower price range from $200,000 to $249,999 was close behind at 21%. August 2012 showed how diverse WinnipegREALTORS® housing market is with house sales of $850,000 and $15,000.
Condominium sales activity is most prevalent in the $150,000 to $199,999 price range with 33% of total sales.
Average days on market for August residential-detached sales was 29 days, 3 days slower than last month and one day slower than August 2011. Average days on market for condominium sales was 34 days, a full week quicker than July, but 4 days slower than August 2011.