Winnipeg Condo Market November 2019

Winnipeg Condo Market November 2019

Written on 11/17/2019
Bo Kauffmann

11
📆 🏙 𝗠𝗼𝗻𝘁𝗵𝗹𝘆 𝗪𝗶𝗻𝗻𝗶𝗽𝗲𝗴 𝗖𝗼𝗻𝗱𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 🏢 🏠 Updated for this month, shows sales and listings stats for Winnipeg's Condo Market 𝘎𝘰𝘰𝘥 𝘵𝘪𝘮𝘦 𝘵𝘰 𝘣𝘶𝘺?  𝘙𝘦𝘢𝘥 𝘛𝘩𝘪𝘴   👉🏻 👉🏼 👉🏽

Welcome to the report on the Winnipeg Condo Market .  This report, which is updated monthly with the latest real estate market information, focuses on all styles and price ranges of condominiums in Winnipeg, including E.St.Paul and Headingley.  Stats are pulled from the MLS®.

For our monthly report on houses bet $100K-$500K, see our Winnipeg Housing Market Report.  For houses over $500K, see our monthly Winnipeg Luxury Homes Report.

Winnipeg Condo Market Update for November 2019

Here I present a different way of comparing this months’ sales to the previous month, as well as the previous year in our condominium market.

Available Condo Listings bet. $100-$249K

Currently, there are 361 condos, priced bet. $100K and $250 K, available for sale in Winnipeg.  This is down about 11% from last month, and also down from the same time last year (-5%)

Entry Level Condos SOLD in the past 31 days

Over the past month, Winnipeg REALTORS® have sold 46 condos in this price range, four more than in October, and a little more than in 2018.

Condo Market in Winnipeg in November 2019

Days of Inventory

This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

So, combining the decreased number of available condos with the increase in sales, causes the ‘Days of Inventory’ to drop to 243 days, down a nice -16% from last month, and down -8% from last year.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 280 condos available for sale in Winnipeg in this price range, about 5% fewer than in October, and +2% over October 2018.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 28 condos in this price range. This is up +8% over both last month, AND last year.

Condo Market in Winnipeg in November 2019

Days of Inventory

Currently, Winnipeg‘s condo market inventory sits at 310 days in this price range, down -9% from last month, but +6% over last year.

What does this all mean?  Summary

The condo market under $250 has move a little bit towards a more balanced market.  Last month’s inventory level of 289 dropped to 243 days.  Still pretty much a buyers market.

Condo Market under $250K in Winnipeg

For condos OVER $250K, a similar shift has occurred. Inventory dropped from 339 days to 310 days….  however such a shift is really just theoretical as this market remains a strong buyers market.

Luxury condo market in Winnipeg

If you’re in the market to buy a condo, please call me anytime.  I know the market very well and will help guide you to a great new home.

Lets take a look at previous reports:

Winnipeg Condo Market Report for November 2018

Here I present a different way of comparing this months’ sales to the previous month, as well as the previous year.

Available Condo Listings bet. $100-$249K

Currently, there are 382 condos, priced bet. $100K and $250 K, available for sale in Winnipeg.  This is down about 8% from last month, and a little more than last year this time.

Entry Level Condos SOLD in the past 30 days

Over the past month, Winnipeg REALTORS® have sold 45 condos in this price range, exactly the same as in October, and a little more than in 2017.

Condo Market Report for November 2018 in Winnipeg
Condo Market Report for November 2018 in Winnipeg

Days of Inventory

This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

So, combining the decreased number of available condos with the increase in sales, causes the ‘Days of Inventory’ to drop from 274 to 263, not much movement there.  It also becomes a slightly warmer market than the same time last year, when inventory levels were at 285.

Newly Listed Condos

Over the past month, 138 new condo listings have come to the MLS®, up from the 124 in October, and also up from last year November (120).

Expired Listings

Over the past month, 105 listing have either expired or been withdrawn from the market.

Summary of the Entry-Level Winnipeg Condo Market

Condos in all price ranges are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 275 condos available for sale in Winnipeg in this price range, about 5% fewer than in October, and close to the same number as November 2017.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 26 condos in this price range. This is down about 10% from October, and 20% from last year.

Luxury Condo Market report for Winnipeg in November 2018
Luxury Condo Market report for Winnipeg in November 2018

Days of Inventory

Currently, Winnipeg‘s condo market inventory sits at 328 days in this price range, up significantly from last month, and also up from the 268 days last November.

Newly Listed Condos

Over the past month, 100 new condos listings have come to the MLS®, down from last month, and up from last year.

Condos for sale in Winnipeg

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Expired Listings

Over the past month, 68 listing have either expired or been withdrawn from the market, down slightly from last month, and same as last year.

Summary of the Lux-Condo Market in November 2018

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for August 2018

Here I present a different way of comparing this months’ sales to the previous month, as well as the previous year.

Available Condo Listings bet. $100-$249K

Currently, there are 487 condos, priced bet. $100K and $250 K, available for sale in Winnipeg.  This is down about 7% from last month, but still up 10% over last year the same time.

Entry Level Condos SOLD in the past 30 days

Over the past month, Winnipeg REALTORS® have sold 54 condos in this price range, up from 49 in July, and coincidentally the same number as August 2017.

Entry level condo sales in Winnipeg real estate in August 2018
Entry level condo sales in Winnipeg real estate in August 2018

Days of Inventory

This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

So, combining the decreased number of available condos with the increase in sales, causes the ‘Days of Inventory’ to drop from 330 down to 280.  Dont’ break out the champagne, even the lower number of 280 days denotes a fairly slow market, which would take over 9 months to sell everything thats available.

Newly Listed Condos

Over the past month, 264 new condo listings have come to the MLS®, down from the 179 listed in July, and down from the 175 last year.

Thinking of buying an investment condo?

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 310 condos available for sale in Winnipeg in this price range, nearly the same as the 306 available in July, or the 317 in June.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 39 condos in this price range, a slight decrease of the 45 sold in the previous month.

Winnipegs Condo Market in August 2017Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 246 days in this price range. Slower than the 204 in July but far better than then 380 days in December.

Newly Listed Condos

Over the past month, 139 new condos listings have come to the MLS®, up from the 116 the previous month.

Expired Listings

Over the past month, 67 listing have either expired or been withdrawn from the market, more than the 35 expired in March, and less than the level of the year-high January.

Summary of the Lux-Condo Market in August 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for June 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 425 condos available for sale in Winnipeg, up from the 393 in May 2017.

Sold in the past 31 days

Over the past month, Winnipeg RELATORS® have sold 52 condos in this price range, down slightly from the 65 sold in May, however nearly double the number sold in March (27)  and inching fairly close to the yearly high of September (60)

Days of Inventory

This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

Currently, Winnipeg’s condo market inventory sits at 253 days in this price range, relatively high when compared to some of the housing segments, such as 56 days for houses in this same price range.  Condos in nearly all price ranges are firmly in a ‘buyers market’.

Newly Listed Condos

Over the past month, 199 new condos listings have come to the MLS®, making it the high-point of the past year.

Expired Listings

Over the past month, 86 listing have either expired or been withdrawn from the market, up from 71 in May, but still well below the 110 which expired in October 2016.

Summary of the Entry-Level Winnipeg Condo Market

Condos in all price ranges are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 317 condos available for sale in Winnipeg in this price range, down from the 330 in May, and up from the 209 in January.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 47 condos in this price range, a slight increase of the 45 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 209 days in this price range. Slower than the 180 in April but far better than then 380 days (over a year?) in December.

Newly Listed Condos

Over the past month, 120 new condos listings have come to the MLS®, down from the 139 the previous month.

Expired Listings

Over the past month, 70 listing have either expired or been withdrawn from the market, more than the 38 expired in May, and about the same as the level of the year-high January.

Summary of the Lux-Condo Market in June 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for April 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 388 condos available for sale in Winnipeg, up from the 360 in March.

Sold in the past 31 days

Over the past month, Winnipeg RELATORS® have sold 53 condos in this price range.  Nearly double the number sold in March (27)  and inching fairly close to the yearly high of September (60)

Days of Inventory

This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

Currently, Winnipeg’s condo market inventory sits at 227 days in this price range, relatively high when compared to some of the housing segments, such as 61 days for houses in this same price range.  It has improved over the stats of March, when inventory sat at 373 days.

Newly Listed Condos

Over the past month, 178 new condos listings have come to the MLS®, making it the high-point of the past year.

Expired Listings

Over the past month, 72 listing have either expired or been withdrawn from the market, up from 52 in March, but still well below the 110 which expired in October 2016.

Summary of the Entry-Level Winnipeg Condo Market

Condos in this price range are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 307 condos available for sale in Winnipeg in this price range, up from the 246 in March, and from the 209 in January.

Sold in the past month

Over the past month, Winnipeg RELATORS® have sold 53 condos in this price range, a slight increase of the 42 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 180 days in this price range. Better (faster) than the 219 days in the February report, but slower than the 164 days in March…..good for buyers.

Newly Listed Condos

Over the past month, 155 new condos listings have come to the MLS®, up from the 121 the previous month.

Expired Listings

Over the past month, 49 listing have either expired or been withdrawn from the market, more than the 35 expired in March, and about the same as the level in Feb  (50)

Summary of the Lux-Condo Market in April 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

Winnipeg Condo Market Report for March 2017

Entry-Level Condos between $100K and $249K

This price range forms the bulk of Winnipeg’s condo sales.  According to Winnipeg REALTORS®, this accounts for approx. 67% of all condo sales.

Available Condo Listings bet. $100-$249K

Currently, there are 360 condos available for sale in Winnipeg, up from the 309 in Feb.

Sold in the past 28 days

Over the past month, Winnipeg RELATORS® have sold 27 condos in this price range.  More than in January, but about half from the yearly highpoint of 60 in September.

Days of Inventory

This statistic is the answer to the question: “If NO MORE LISTINGS come to the market right now, how long would it take to sell all available condos at the current rate?”  Here, the lower the number, the hotter the market, and a higher number reflects a stronger ‘Buyers Market’.

Currently, Winnipeg’s condo market inventory sits at 373 days in this price range, relatively high when compared to some of the housing segments, such as 57 days for houses in this same price range.

Newly Listed Condos

Over the past month, 160 new condos listings have come to the MLS®, nearly the same as the highpoint last Sept..

Expired Listings

Over the past month, 52 listing have either expired or been withdrawn from the market, down from the 67 in Feb, and from the 92 in January.

Summary of the Entry-Level Winnipeg Condo Market

Condos in this price range are still a buyers market, especially when compared to houses in the same range.

Upper-End (Lux) Condos in Winnipeg, over $250K

Available Condo Listings above $250K

Currently, there are 246 condos available for sale in Winnipeg in this price range, up from the 240 in Feb.., and from the 209 in January.

Sold in the past 28 days

Over the past month, Winnipeg RELATORS® have sold 42 condos in this price range, a slight increase of the 34 sold in the previous month.

Days of Inventory

Currently, Winnipeg’s condo market inventory sits at 164 days in this price range. Better (faster) than the 219 days in the February report, but this is still a relatively slow market…..good for buyers.

Newly Listed Condos

Over the past month, 121 new condos listings have come to the MLS®, nearly the same as the month before (120)

Expired Listings

Over the past month, 35 listing have either expired or been withdrawn from the market,down from the 50 in Feb. and again from the 79 in January

Summary of the Lux-Condo Market in March 2017

Condos in the upper price ranges are in a very strong buyers market.  Some upper-end luxury condos have taken over a year to sell, so the options for buyers are great!

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