Jonathan Rahim is LREW's Agent of the Week!
Living Real Estate of Winnipeg is so proud of our Agents! So it is with honour to present our Agent of the Week ... Jonathan Rahim.
Have one of our Agents JOIN YOU on your Real Estate Journey! Call our office today!
Closing day is an exciting time. After all, you’re moving into your new home! However, it can be stressful as well. The last thing you need is to be confronted with something you don’t understand. So here is a quick list of common “closing day” terms.
There may be other terms you come across on closing day as well. Don’t worry, a good REALTOR® can help make the day go smoothly for you and your family.
Looking for a good REALTOR®? Call Living Real Estate today at 204.691.7711!
How to Help Sell Your Home Quickly
Usually when you list your home, you would prefer to sell it quickly. It’s like being the first one served at a crowded ice cream parlour. It’s satisfying.
However, sometimes there’s more to it than that. There may be a truly urgent reason why you need to find a buyer for your property as soon as possible, such as a sudden job relocation.
If that’s the case, it’s important to explain your situation to your REALTOR®, who will be able to put together an action plan for selling your home quickly and for the best price possible.
During that conversation, ask what you can do to help the process along. For example, you may be able to:
Spread the word to your friends and other connections on Facebook.
Canvass your neighbours and tell them about your listing.
Stage your home so that it’s more attractive to prospective buyers.
When it comes to price, be prepared to be flexible. That doesn’t mean you must settle for a price far below your home’s market value. However, you do need to be prepared to accept a good offer rather than try to hold out for a great one.
Also be open to as many viewings and open houses as possible. Having many prospective buyers come through your home within a short period of time may be a little inconvenient, but the payoff might be an offer!
Finally, work with your REALTOR®. A good REALTOR® will know the local market well and have many ideas for selling your property fast.
Looking for a good REALTOR® like that? Call Living Real Estate today 1-204-691-7711
APRIL RESALE ACTIVITY HEALTHY
Year-to-Date Statistics Positive Across the Board
WINNIPEG - The real estate market is either very, very good … or really, really suspect …
depending on which headlines you choose to read.
It’s difficult to decide what’s really happening from the sound bites, but the numbers on the
resale market for the first 4 months of the year paint a fairly rosy picture. Statistics for the first
third of the year are up from comparable numbers last year, and last year recorded the 4th best
resale numbers in the past 20 years and the best dollar volume ever through the Multiple
“Our numbers continue to support our Forecast Breakfast predictions.” said
WinnipegREALTORS® President David MacKenzie. “In January we predicted that sales
would be up 0-2% year-over-year and home prices would increase by the same amount. And
the January through April activity bears that out and then some.”
The April MLS® listing inventory, the number of properties available for sale in Winnipeg,
rose almost 36%. So buyers had more properties to choose from than last April (5,232), which
indicates more balance in the marketplace.
Listings entered into the MLS® system were also up 23% over last April, with the addition of
2,837 properties this year.
Sales followed suit. The number of sales processed in the month was up close to 4% from last
April, with 1,273 sales recorded. And dollar volume was up 8.8% at $362.3 million.
The April numbers helped maintain positive year-to-date market stats. 8,336 listings have
been entered on the MLS® system since January 1st - up 25% from last year - and 3,538 sales
have been recorded - up 4% from the same period in 2014.
The January through April dollar volume is up 6.5% at $962.4 million.
President David MacKenzie was positive about the market activity in the first 4 months: “We
often say that real estate is local with national averages and trends meaning very little. Our
market is OUR market. And even within our own market … activity is local. What’s trending
in Island Lakes will not necessarily be mirrored in the North End. I know of some MLS®
areas where offers are few and far between while in other pockets of the City, multiple offers
are still happening.”
He went on to say that in April, 22% of residential detached homes sold for more that list
price, 8.5% sold at list, while 69% sold below list.
For condominiums, almost 11% sold above list … 18% sold at list … and 71% sold below
The most active price range in April for residential detached homes was $250,000 - $299,999
(22% of sales), followed by the $200,000 - $249,999 range (16%).
Average days on the market was 27, compared to 26 last April. The highest priced residential
detached sale fetched $1,590,000 and the least expensive sale was $8,000.
The most active price range for condos was $150,000 - $199,999 (25% of sales) followed
closely by the $200,000 - $249,999 range (22%). Days on market for condos was 49,
compared to 38 last year with the highest priced condo going for $630,000 and the lowest
priced sale at $244,579
Established in 1903, WinnipegREALTORS® is a professional association representing over
1,850 real estate brokers, salespeople, appraisers, and financial members active in the Greater
Winnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethics
and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for
REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an
organized real estate profession. REALTOR®, MLS® and Multiple Listing Service® are
trademarks owned and controlled by The Canadian Real Estate Association and are used