Hey real estate bloggers!
Welcome to my inaugural blog... dedicated to all you folks out there who are just wanting to be "in the know" as far as real estate goes.
Winnipeg woke up to a bright and sunny morning, which was a welcome change to the dismal gray skies we have all had to live under these past few days. Since I have a deadline looming for a class I am taking, no showings for me today... and I am so disappointed about that! Finally a good day, and I have to waste it sitting inside.
This week fared well on the real estate sales front for me, but how is the rest of the city hanging on? Well, every month I have been in real estate so far has yielded equal or higher sales than the same month of the previous year. That is not to say I am responsible for that, only to point out our market is hot, growing and ever expanding! This is good news for our economy as we are surging forth into the new year in a few months with great hopes for Winnipeg's home buyers and home sellers. Winnipeg Realtors (the real estate board) stats for September indicated that we again reached an all time high of over $177 million in sales, which is up 15% from September 2006... that means we are well on our way to the goal of reaching $2 billion in sales by this years end. September was also the fifth consecutive month with over 1000 units sold and with the ever increasing condo market, we can only expect some more great things!
Some of you born and bred "Peggers sometimes seem very anxious and nervous about what is happening in their neighbourhoods... how did the prices get so high, and the competition so fierce? Truth is, the housing market in Winnipeg has been lagging behind the rest of the country for years. A boom in housing demand a few years ago is what started the demand and increase in price. The good news is, on average we are STILL cheaper than any other major Canadian city! So when house hunting and selling always remember to look at the bigger picture.
Check out this link to see what average homes are selling for across the country...
http://www.crea.ca/public/news_stats/statistics.htm
On the downside, mortgage rates are on the rise again... so for those of you who secured a good rate in at the bank, try to get your home within the time-frame that the rate is guaranteed. If you have any questions about how you can protect yourself from scary mortgage rates give your banker or broker a call.
AND! Since this is my first blog... I am going to ask for feedback... what do you homebuyers and sellers want to hear about regarding real estate in this city? You name it, I will blog about it!
~ Cheers!
Thanks for the words
Kimberly
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