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Tuesday, November 9, 2010
Friday, November 5, 2010
Press Release from WinnipegRealtors
PRESS RELEASE
November 5, 2010
For Immediate Release
YEAR-TO-DATE MLS® SALES EVEN WITH 2009
- - -
October MLS® Sales Down 3%; MLS® Dollar Volume Up 6%
WINNIPEG – If this was an election it would be too close to call. On the final stretch drive with two months to go it is a dead heat in terms of MLS® sales compared to last year. There are only 28 more MLS® sales in 2010. However dollar volume is a different story. It is up 10% in comparison to 2009 and while sales do drop off at year end there should be no doubt WinnipegREALTORS® will set its 10th consecutive annual MLS® dollar volume record in 2010. 2001 finished with a dollar volume level just shy of the $1 billion mark. Ten years later the final amount could possibly reach $2.7 billion.
While sales have risen in the last 10 years the primary reason for the significant jump in dollar volume is price increases. The residential-detached or single-family home average price has gone from $100,000 to $242,000 while condominiums have soared even higher percentage-wise from $79,000 to a 2010 year-to-date average price of $197,000.
For October 2010, dollar volume is the highest on record for the month of October despite being outperformed in sales the previous five years. New MLS® listings in October were ahead slightly and the active MLS® listings or the current inventory going into November has nearly 10 per cent more properties for buyers to choose from than in 2009.
October MLS® unit sales were down 3% (949/979) while dollar volume was up 6% ($214.2 million/$201.4 million) in comparison to the same month in 2009. Year-to-date MLS® unit sales are even with last year (10,754/10,726) while dollar volume is up 10% ($2.39 billion/$2.17 billion). Total MLS® listings entered on the MLS® this year are 17,744; an increase of 12% over 2009.
“Relative to many other markets across the country Winnipeg is holding its own so we are clearly viewing our sales activity here as the glass half full,” said Claude Davis, president of WinnipegREALTORS®. “If there is disappointment, it is in regard to the lower end of the residential-detached housing market where sales continue to show some appreciable declines over the year before. We are of the opinion provincial land transfer tax relief would be helpful in addressing this development which has emerged more noticeably since 2009.”
Backing up WinnipegREALTORS® president’s statement on taking a positive stance on Winnipeg’s October sales in comparison to the same month a year ago, Toronto’s October sales declined 21%, Calgary’s 35%, Edmonton’s 29% and Vancouver’s 37%.
For residential-detached sales in October, the most active price ranges were the $150,000 to $199,999 at 25% of total sales and the $200,000 to $249,999 at 23% of all sales. It is interesting to note for the first time in any month, let alone October, residential-detached sales over $500,000 represented the highest percentage they have ever been at 5% of total sales and were almost the equal of sales under $100,000. Two of those sales over $500,000 were one on Old Orchard Road in East St. Paul for $1,225,000 and another on River Road in St. Vital for $1,485,000.
The average days on market for residential-detached sales was 28 days, one day faster than last month and the same pace as October 2009. As for condominium sales, the average days on market for sales was 31 days, 2 days quicker than last month and October 2009.
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,600 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 under licence.
For further information, contact Peter Squire at 786-8854.
Friday, October 15, 2010
Buying a Home
Buying a home is one of the biggest decisions you’ll ever make. So when it comes time to signing on the dotted line, make sure you don’t make that decision alone. To help you put together the right team of professionals, Canada Mortgage and Housing Corporation (CMHC) offers the following who’s-who list of experts and what they should bring to the table: For more information on putting together your home buying team and on other factors associated with buying a home, visit www.cmhc.ca, and search Homebuying Step by Step or call CMHC at 1-800-668-2642. For more than 60 years, CMHC has been Canada’s national housing agency and a source of objective, reliable housing expertise. For story ideas or to access CMHC experts or expertise, contact CMHC Media Relations — National Office at: 613-748-2799 or by e-mail: media@cmhc-schl.gc.ca. Who you need on your team
A real estate agent will help you find a home, write an Offer of Purchase, negotiate a purchase on your behalf and save you a considerable amount of time. When choosing an agent you want to work with, ask for references and don’t be afraid to ask questions or call your local real estate association for advice.
Published: August 26, 2010
Thursday, October 14, 2010
Article in Winnipeg Real Estate News
Top-10 Reasons To Use A REALTOR®
| Below are the top-10 reasons why it pays to use a REALTOR®. It’s a good time to relate this helpful reminder, as using REALTORS® clearly provided great results in September. It was a month to remember, as both sales and dollar volume reached record levels, including a quarter of a billion dollars worth of MLS® sales. Buying and selling real estate is not a simple endeavour. In fact, it is a significant business transaction, requiring a team of talented and skilled people to ensure the process runs smoothly. As an important part of most real estate transactions, lawyers, financial advisors, mortgage specialists, home inspectors, property appraisers, interior decorators, movers and REALTORS® all play a role within their areas of expertise. And of all these professionals, REALTORS® assist clients through the entire real estate process with care, professionalism and competency. It is estimated that more than 132 large and small tasks must be managed to successfully close a real estate transaction. A committed and professional REALTOR® will make this complex process simple and painless. The top-10 reasons to use a REALTOR®: 10. REALTORS® provide their clients with an expert evaluation on the value of any property they are seeking to sell or to purchase. How do you decide upon a fair value for a property you are selling or purchasing? Your REALTOR® will analyze comparable properties, and will help you determine a price reflecting the current real estate market. 9. REALTORS® provide professional advice on how to prepare your property so that it shows at its absolute best. REALTORS® know exactly how to present a home in its best light, and they advise clients on how to improve the appearance of their home to potential buyers. When viewing properties, REALTORS® provide a critical eye to flaws that may be more significant than clients realize. 8. REALTORS® use the Multiple Listing Service® to put a client’s property front and centre in the real estate market by giving it maximum exposure or to find a property that fits with what their client is seeking. Only REALTORS®, those real estate agents who are members of the WinnipegREALTORS® Association and the Canadian Real Estate Association, can list properties on the MLS® system, a member-to-member service with rules to ensure that the accuracy and integrity of the system is maintained. When listed on the MLS® system, the entire network of 98,000 Canadian REALTORS® can access your property details and bring it to the attention of their clients. Who wouldn’t want such a team working for them? 7. REALTORS® take care of all the nitty-gritty details involved in selling or purchasing a home. When you select a REALTOR® to help you sell your home, your REALTOR® will plan and manage open houses, they will show your home regularly to scores of potential buyers, and they will work evenings and weekends to ensure the right buyers are matched with the right sellers. 6. REALTORS® take care of advertising. REALTORS® not only list your property on the MLS® system, but they also advertise properties in the Winnipeg Real Estate News, the largest circulation estate publication in Manitoba with a successful online version containing the most-up-to-date listings. Only REALTORS® can advertise property in the WREN. 5. REALTORS® take care of yard signage. If your home is for sale but nobody knows it, how can it possibly be sold? REALTORS® provide attractive, recognizable yard signage to let people know that your valuable property is available for purchase. 4. REALTORS® assist clients in understanding all offers to purchase. REALTORS® are experts in all conditions of sale, and provide explanations and expertise regarding offers made for a property. As your REALTOR® works on your behalf, he or she will advise you on any conditions of sale that may be problematic, and take steps to negotiate any unacceptable elements. 3. REALTORS® know how to negotiate an acceptable sale price. Because homeownership is a substantial investment that can have emotional implications, both buyers and sellers usually have too much at stake to be good negotiators. While representing their clients, REALTORS® remain professionally detached and are able to negotiate satisfactory sale prices in real estate transactions. 2. REALTORS® know the pulse of the current market. REALTORS® are professionals who live, breathe and study real estate. They know the Winnipeg and regional marketplace through day-to-day exposure and are aware how its pulse is beating. They are professionals with intricate, expert knowledge that assists everyone who is interested in buying or selling a property. 1. REALTORS® put your mind at ease and let you relax through the real estate transaction. In today’s intense real estate market, isn’t it worth it to have a professional guide you through a complex business transaction with ease and security? You have a choice of more than 1,400 REALTORS® working in Winnipeg and the surrounding rural municipalities, and all are waiting to help you with the most important transaction you’ll ever make. (With assistance from a top-10 list compiled by the REALTORS® Association of Edmonton.) |
Sunday, October 10, 2010
Show Home @ 160 Perfanick
I'm working at our office at our Show Home today, so might as well have the doors open and sell a few builds for Bentley while I'm at it, and watch some NFL.
Thanksgiving Weekend
We hope that everyone has a great weekend and you are able to enjoy it with family!
Geoff Archambault - 997-1761
Regan Archambault - 995.1761
WinnipegHomeConnection.com
MyRealtor@WinnipegHomeConnection.com
www.WinnipegHomeConnection.com
Regan Archambault - 995.1761
WinnipegHomeConnection.com
MyRealtor@WinnipegHomeConnection.com
www.WinnipegHomeConnection.com
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