Sales of homes by real estate agents in Winnipeg set a record high in the third quarter of 2017, with 3,916 sales through the MLS system in the three months ending Sept. 30.
But that wasn’t the only record set as the 1,193 sales in September (a 2% increase from September 2016) was also the highest level of sales for September in the 114-year history of WinnipegREALTORS.
“Our sales activity this year has kept pace with record-setting sales in 2016” said Blair Sonnichsen. “Our more affordably-priced housing options in our local real estate market have been instrumental in enabling buyers to successfully conclude a purchase this year.”
There was a strong gain for residential detached homes in the rural areas around Winnipeg, accounting for 28% of all sales.
The most active price range for residential-detached sales in September was from $250,000 to $299,999, 22% of total sales. 55% of all residential-detached sales in September were priced under $300,000. For condos, the most active was the $150,000 to $199,999 price range at 27% of total sales. 77% of all condominiums in September sold for under $300,000.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
More market watch: