Winnipeg's Real Estate Blog

Advance Notice! New Listing coming soon in St.Vital/Meadowood area. Coming end Jan. 2010

Hi Everyone:

A new listing will be coming available in winnipegs real estate market by the end of January 2010. Its a 720 sq ft bi-level with long-time owner. 2 (+2) BR's, 1-1/2 baths with upgrades including a newer furnace, H.W.T., mostly newer PVC windows, fresh paint. Located on a fully fenced, large 50' by 104' lot. This is an excellent 'starter' home, with lots of room in the huge yard for a double garage. Stay tuned.....or e-mail me for info at boknowshomes@gmail.com

Winnipeg Real Estate Market Update for November 2009

Hello Everyone:

Well, the sales figures Winnipeg's real estate market for November 2009 are in: In a nutshell, November saw the highest dollar-volume for any November, and the numbers of homes and condos sold was the second best November on record, .... only November 2007 was better, beating this year by only 43 sales.

When compared to November 2008, this years sales were up 28% and dollar volume soared by 42% of that month.

The two most active price ranges are between $150,000 and $200,000, and the one between $200,000 and $250,000, each making up 23% of total sales.

Average days on market for residential detached homes was 29 days..., the same as for October.

For a look at the entire Winnipeg REALTORS® press release, go to my Website

Buying, Market Update, MLS, Real Estate, real estate agent, REALTOR, sell my house, Selling, Winnipeg real estate

New property listed in St Vital, South East Winnipeg $150,000 2918029

I would like to show you a new property at # 7 667 St Anne's RD in WINNIPEG.

See details here

SOLD! Exquisite 2 BR condo in St. Vital. This outstanding, 910 sq ft unit has a lot to offer. From the large living room with its new laminate flooring, to the open design kitchen which is complete with all appliances, you will find this condo is ready for you. The bathroom is a show-piece, with newer fixtures and vanity. The oversized master bedroom has its own air-conditioning unit. There is plenty of storage and this unit faces a quiet court-yard, worlds away from busy roads. Close to transportation, shopping and all amenities, and with an added bonus: 2 parking spots are included in this price. Low condo fees, flexible possession. This is a well-maintained and upgraded condo.

Buying, listing agent, Real Estate, sell my house, Selling, Winnipeg

Want to buy a house WITHOUT a bidding war? Here is the simple secret!

Hello everyone:

Lots and Lots of buyers (and that means MANY), are sick and tired of "Bidding Wars". About half of the buyers I interview, tell me outright :"I dont want to have to compete for a house".The secret to getting a house WITHOUT a bidding war is really simple: PATIENCE. Working with a patient agent and having some patience yourself is usually rewarded at some point. Here is how:
Many agents like to list a house at 10 to 20K below it's value. I know: it seems wrong, crooked, shifty.....you can put any number of labels on it, and I wont argue with you. But its a reality in todays market. The reason for deliberately underpricing a house is simple: It generates "Multiple Offers" (Bidding War), and in such, the best offers come to the forefront.
Look at it this way: If YOU are the only person to make an offer on a house, I as your REALTOR® will advise you to ask for a Home Inspection, put as little money down as possible, and get a 3-day financing clause.Now take that same house, and we are competing against, say, 5 other offers. Guess what happens: The people that CAN write unconditional offers will do so, just to win the bidding process. Gone is the Home Inspection, the financing clause, and out come the 20,000-dollar deposit cheques.
Who wins? The home-owner, of course.So how does patience help? Every once in a while, a home-seller, or his agent, decide for whatever reason, to slightly overprice a house. Buyers recognize this when it happens (if they are working with a knowledgable agent), and tend to refrain from putting in an offer right away. So the house may end up on the market for a few weeks, and then go thru a price-reduction. But that initial pool of buyers have moved on, and sometimes the home-seller will find it tough to get them to come back. So this is where the patient buyer, with his patient REALTOR® come in.So far this year, my buyers have managed to buy a house for UNDER asking price on 10 occasions. Thats roughtly 50% of my buyers have managed to avoid a bidding war.....pretty good odds, I would say.Patience pays off.So if you're looking for a house or condo, and either dont want to, or simply can not get involved in a bidding war, CALL ME. Together we will find you a nice house or condo.
Check out my Website

Buying, listing agent, Market Update, MLS, Real Estate, real estate agent, REALTOR, Winnipeg

MLS Statistics for August 2009 for Winnipeg's Real Estate Market.

Hello Everyone:

Here are the Sales and Listing Stats for August 2009 for the hot Winnipeg Real Estate Market, as compiled by Winnipeg REALTORS®.   

WINNIPEG - While MLS® sales in August fell short of last year’s mark by only 17 sales and 11 %

off the best sales month on record for August in 2005, this year’s August, based on prices in general

being slightly better in comparison to last year, recorded its best dollar volume result ever for this

month at $231 million. It also paves the way for the third consecutive year of $2 billion worth of

MLS® sales activity as year-to-date dollar volume now sits at $1.75 billion.

August 2009 also saw WinnipegREALTORS® record its 8th million dollar plus home sale which is

equal to the most sales ever sold in one year in this price range. It was an impressive newly built

home in Waverley West that sold for $1,290,000. With four months to go, there is a distinct

possibility another one or more luxury homes may sell before year end. There are currently 18

million dollar plus MLS® listings – 16 homes and 2 condominiums. The highest list price is a

Wellington Crescent home going for $2,800,000.

Talking about million dollar plus home sales, the Calgary Real Estate Board sold its first $10 million

home in August. It was the home of former NHL goaltender Mike Vernon.

Also noteworthy, is year-to-date sales activity in comparison to the same period last year is

improving and coming within a few percentage points now of WinnipegREALTORS® January

forecast. It predicted home sales would be down 5% from last year and house prices up in the low

single digits as opposed to double-digits like the past six years.

August MLS® unit sales were down 1% (1,151/1,168) while dollar volume rose 6% ($231.2

million/$218.9 million) in comparison to the same month last year. Year-to-date MLS® sales are off

8% (8,620/9,392) while dollar volume is down only 4% ($1.75 billion/$1.83 billion) in comparison to

the same period in 2008. Year-to-date active MLS® listings of 3,000 at month end are tracking very

close to last year while listings entered on the MLS® to the end of August are at 13,000, slightly

lower than 2008.

The full stats are available on my website by clicking this link:

MLS Market Stats

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Buying, listing agent, Market Update, MLS, Real Estate, real estate agent, REALTOR, sell my house, Selling, Winnipeg

Want to buy a house WITHOUT a bidding war? Here is the simple secret!

Hello everyone:

Lots and Lots of buyers (and that means MANY),  are sick and tired of "Bidding Wars".  About half of the buyers I interview, tell me outright :"I dont want to have to compete for a house".

The secret to getting a house WITHOUT a bidding war is really simple:  PATIENCE.  Working with a patient agent and having some patience yourself is usually rewarded at some point.  Here is how:

Many agents like to list a house at 10 to 20K below it's value.  I know: it seems wrong, crooked, shifty.....you can put any number of labels on it, and I wont argue with you.  But its a reality in todays market.  The reason for deliberately underpricing a house is simple:  It generates "Multiple Offers"  (Bidding War), and in such, the best offers come to the forefront.  Look at it this way: If YOU are the only person to make an offer on a house, I as your REALTOR® will advise you to ask for a Home Inspection, put as little money down as possible, and get a 3-day financing clause.

Now take that same house, and we are competing against, say, 5 other offers.  Guess what happens:  The people that CAN write unconditional offers will do so, just to win the bidding process.  Gone is the Home Inspection, the financing clause, and out come the 20,000-dollar deposit cheques.  Who wins?  The home-owner, of course.

So how does patience help?  Every once in a while, a home-seller, or his agent, decide for whatever reason, to slightly overprice a house.  Buyers recognize this when it happens (if they are working with a knowledgable agent), and tend to refrain from putting in an offer right away.  So the house may end up on the market for a few weeks, and then go thru a price-reduction.  

But that initial pool of buyers have moved on, and sometimes the home-seller will find it tough to get them to come back.  So this is where the patient buyer, with his patient REALTOR® come in.

So far this year, my buyers have managed to buy a house for UNDER asking price on 10 occasions.  Thats roughtly 50% of my buyers have managed to avoid a bidding war.....pretty good odds, I would say.

Patience pays off.

So if you're looking for a house or condo, and either dont want to, or simply can not get involved in a bidding war, CALL ME.  Together we will find you a nice house or condo.

Check out my Website

Home-Buyers! How to choose the right Mortgage Lender in Winnipeg.

http://www.WinnipegHomeFinder.com/buying.html Whether you are a first-time buyer, or moving up to a larger home or condo, if you need financing, this video will help you choose the mortgage lender thats right for you!

For Home-Buyers, getting pre-approved is an absolute necessity.  But these days, being pre-approved is only half the battle.  The real benefit comes from being pre-approved by the RIGHT lender.

With dozens of banks, credit unions and mortgage brokers to choose from, how does the home-buyer make his selection?

The answer is: ask a qualified REALTOR to make a referral.  The benefits are many, as this video explains.