Winnipeg Housing Market Update for August!

In August, 532 detached homes were sold in Winnipeg, with an average sale price of $431,110. This represents a 3.54% decrease from July, but it's important to note that it's still a 7.28% increase from January. Here’s a quick recap of sales trends this year:

- **January:** 302 homes sold
- **February:** 354 homes sold
- **March:** 533 homes sold
- **April:** 747 homes sold
- **May:** 760 homes sold
- **June:** 763 homes sold
- **July:** 697 homes sold
- **August:** 532 homes sold

As of today, there are **819 detached homes** on the market, with **423 of these listings** being on the market for 30 days or more.

For **side-by-side homes**, 41 properties sold with an average price of $351,638, which is a 2.39% increase from July. However, this is still 10.57% lower than January. There are **61 side-by-side homes** currently available.

Now, let's focus on the **North Kildonan** area (MLS 3F and 3G):
In August, **21 detached homes** sold at an average price of $426,080, which is 6.68% higher than in July when 23 homes were sold. Compared to January, that’s a notable increase of 13.88%. Of the 23 homes sold, 16 went for over the asking price, showing us just how in-demand this area is. If you’ve been thinking about selling, this is an excellent time, with many buyers actively looking but only **10 homes** currently available. The average time a home stayed on the market in this area in August was just **9 days** compared to **19 days for the whole city of Winnipeg** indicating how quickly things are moving in this area.

As for **side-by-side homes** in North Kildonan, **3 properties** sold in August, with 2 of them fetching over $300,000. There are currently **5 side-by-side homes** on the market, priced between $269,900 and $339,900.

For those interested in **condo living**, especially concrete apartment condos with indoor parking and 1100-1450 square feet of living space, **7 units** sold in August, with an average sale price of $345,060, which is a 10.15% decrease from July. Right now, **36 condos** are available for sale in Winnipeg.

Shifting over to **East St. Paul**, there are **15 properties** for sale, priced between $379,900 and $2,700,000. In August, **2 properties** were sold, both over $1,000,000.

**Mortgage Rates as of August 18, 2024:**
- 5-year fixed: starting at 4.34%
- 4-year fixed: starting at 4.59%
- 3-year fixed: starting at 4.59%
- 2-year fixed: starting at 5.19%
- 1-year fixed: starting at 6.14%

If you've been considering making a move but aren’t sure where to begin, I’d love to sit down with you, listen to your concerns, answer your questions, and guide you through the process. I’ve been helping people like you for 17 years, and I’m here to ensure that you feel confident and supported every step of the way. Feel free to call me, and we can set up a time to chat.

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