Winnipeg and Rural Manitoba Real Estate Advice Podcast

Weekly real estate market update for Transcona Mission Gardens, Lake side Meadows & Kildonan Meadows.

If you have any real estate questions feel free to ask us.

We are here to help you.

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Stephen Olyniuk

Alicia Olyniuk

Team Olyniuk

Re/Max Performance Realty

[email protected]

[email protected]

Stephen direct (204)981-2009

Alicia direct (204)392-4262

www.teamolyniuk.com

MLS Update on Kleefeld, Mitchell, Steinbach, New Bothwell and Grunthal.

If you have any real estate questions feel free to ask us.

We are here to help you.

If you like our videos please subscribe to our You Tube channel or like us on Facebook, follow us on Instagram, LinkedIn or Twitter.

Stephen Olyniuk

Alicia Olyniuk

Team Olyniuk

Re/Max Performance Realty

[email protected]

[email protected]

Stephen direct (204)981-2009

Alicia direct (204)392-4262

www.teamolyniuk.com

MLS Market update on Southdale,

Sage Creek, South Land Park, Windsor Park, Royalwood ,Island Lakes, Bonavista, River Park South, Dakota Crossing and South Glen March 8, 2021.

If you have any real estate questions feel free to ask us.

We are here to help you. If you like our videos please subscribe to our You Tube channel or like us on Facebook, follow us on Instagram, LinkedIn or Twitter.

Stephen Olyniuk

Alicia Olyniuk

Team Olyniuk

Re/Max Performance Realty

[email protected]

[email protected]

Stephen direct (204)981-2009

Alicia direct (204)392-4262

www.teamolyniuk.com  

Weekly real estate market update for Lorette Landmark Ile Des Chene Grande Pointe Oakbank Dugald Manitoba.

If you have any real estate questions feel free to ask us.

We are here to help you. If you like our videos please subscribe to our You Tube channel or like us on Facebook, follow us on Instagram, LinkedIn or Twitter.

Stephen Olyniuk

Alicia Olyniuk

Team Olyniuk

Re/Max Performance Realty

[email protected]

[email protected]

Stephen direct (204)981-2009

Alicia direct (204)392-4262

www.teamolyniuk.com

Real Estate market report. What does the market look like in River Park South, Dakota Crossing, South Glen, Island Lakes, Bonavista, Royalwood,Windsor Park, Southdale, Niakwa, Southland Park and Sage Creek. 

Stephen Olyniuk

Weekly real estate update for Transcona and surrounding areas including:

Transcona, South Transcona, West Transcona, East Transcona, Canterbury Park, Summerlea

Kildonan Green, Kildonan Meadows, Devonshire Park, Devonshire Village, Crocus Meadows, Starlight village, Lakeside Meadows

Mission Gardens

How to win at multiple offers!

Do you want to know how to win at multiple offers?

Listen to this Podcast to find out!

If you have any real estate questions feel free to ask us.

We are here to help you.

If you like our videos please subscribe to our You Tube channel or like us on Facebook, follow us on Instagram, LinkedIn or Twitter. Stephen Olyniuk

Alicia Olyniuk

Team Olyniuk

Re/Max Performance Realty

[email protected]

[email protected]

Stephen direct (204)981-2009

Alicia direct (204)392-4262

Hello Kleefeld Stephen Olyniuk here and the MLS numbers in for the month of October.  Let’s have a look at what they look like.  Basically October there were 2 sales and only 1 listing right now.  So we are at 0.5 months of inventory available, point 5 of a month.  Strong sellers’ market.  Average selling price was 275 000 dollars and days on the market is 27.

Last year there were 2 sales in the month of October, so we have flagged 0%, no change on that.  Average selling price was $338,000  There were a couple more expensive houses sold last year.  Down a little bit to $275,000 this year.  We'll see at the end of the year it will be up over for the average over the year.  

Month by month when there is only 2 sales, it's really tough to do an average selling price and give you an accurate indication of what the market looks like.  I talked about "Months of Inventory".  What is the Months of Inventory?  It's a metric to determine the speed of liquidity of any real estate market.  It's a tool to help you determine what the market is like and it impacts on how a home should be priced.

Basically you would take the active listings which is 1 right now divided by the sales of 2 and that gives you 0.5 months of inventory.  1 to 4 months is a sellers’ market, so you got less than a month, you got a strong strong sellers’ market.  5 to 6 is a balanced market, plus 7 is a buyers’ market.

If you have any questions at all don’t ever hesitate to reach out with us and we hope everyone is doing great out there.  Look forward to seeing you around the neighbourhood.

Stephen Olyniuk: Hello Transcona, Stephen Olyniuk from Remax Performance Realty and the MLS numbers are in for the month of October.  Let's have a look.  In October we ended up with 30 sales and only 27 are active listings which gives us less than 1 month of inventory, 0.9% so when you have less than one months of inventory you are in an active, sellers’ market.  We will get into that later.

Average selling price 273 000 dollars and average days on the market of 12.  So as we talked about this last year there was 29 sales in 2019, 30 in 2020.  Average sale price was 277 in 19, down a little bit in 273.  I say only down a little bit because of not enough inventory on the market.  

We are going to see as the year levels off, finishes off, the average selling will have increased.  I talked about "Months of Inventory".  What is a Month of Inventory?  It is a metric to determine the liquidity of any real estate market.  It's a tool to help you determine the strength of the market and it impacts on how you should be pricing your home.  

How do you calculate it?  You divide the active listings at the end of the month by the number of sales that were in that same month.  So basically you had 30 sales divided by the 27 active listings and you get out 0.9% so as we get into it what do the numbers mean?  

Anywhere 1 to 4 months is a sellers’ market, with less than one month we have got a strong strong sellers’ market.  Balance market is 5 to 6 and 7 months plus is a buyers’ market.  With the way the market is going we won’t see any changes in the near future.  Predicting a strong sellers’ market into next year.

If you have any questions don’t ever hesitate to reach out to us.  Thanks for watching and have a great day.

Hello, Winnipeg Stephen Olyniuk here with Remax Performance Realty and the MLS numbers are in for the month of October.  Real Estate has been carrying on during the lockdown now.  Realty is still an essential service.  If you have any questions on how this has been done safely, there's a bunch of strategies in place and I'd be happy to go over them.

If you got any questions about what is going on in your neighbourhood, again please don't hesitate to reach out and ask us.  Let's take a look at our progress numbers.   Basically in October there was 1 144 sales and 1 578 active listings.  It only gives you 1.38 months of inventory.  That's the lowest number we have seen yet and it just seems going down and down every month.

Average selling price dripped just a little bit at 348 955 dollars.  Let's take a look at last year.  Last year 854 homes were sold, this year 1144.  That's up almost 34%, amazing increase.  Average selling price up from 315 800 dollars to 348 995 dollars, that's a 10.84 increase as well.

I talked about "Months of Inventory" earlier on.  What is the Months of Inventory?  Well it's a metric to determine the speed of liquidity of any real estate market.  It's a tool to help you determine the strength of a market and it impacts on how you would price your home.  How do you figure it out?  You take the active listings divided by the sales.  

You take what we got on the market right now divided by the sales and you got 1.38 months of inventory.  What does that mean? Well 1 to 4 months is a sellers’ market.  So when you don't even have 2 months of inventory, you got a really really strong sellers’ market.  That has been the case all year long and it doesn’t look like it is going to change.

5 - 6 Months is a balanced market, over 7 months is a buyers’ market.  So again if you have any questions about what is going on out there?  If you questions on how things can be done safely.  Please don’t hesitate to reach out to us.  Keep safe out there and we look forward to talking to you next month.