As the weather begins to warm, the spring market season is around the corner and many in our market region will be looking to enter the real estate market.

Whether you're buying, selling, or investing in real estate, timing is crucial. Let's discuss your goals and how we can achieve them together. Reach out to start the conversation.

In the first quarter of 2024, the Winnipeg real estate market showed positive trends across the board. From January to March, there was a steady increase in MLS® sales, average prices, and dollar volume. Compared to the same period last year, March and the overall first quarter saw notable rises in these metrics. Residential detached, condominium, and attached homes all experienced price hikes in March and throughout the first quarter of 2024 compared to 2023

Year-to-date residential detached MLS® sales saw an 11% increase to 1,682 homes, up from 1,517 in March 2023. The average prices for residential detached properties also went up by 8% to $407,524, compared to $378,877 in the same period last year. Moreover, the total dollar volume for residential detached sales surged by 19% to $685 million, showing a significant boost from the $575 million recorded through March 2023. Overall, these numbers indicate a thriving real estate market in Winnipeg during the first quarter of 2024, marked by increased sales activity and rising property prices

• Waverley West was the neighborhood in Winnipeg which saw the most residential detached homes sold in March followed by Island Lakes/Royalwood.
• The Steinbach area saw the most residential detached homes sold outside Winnipeg in March followed by the Morden/Winkler area.
• The most active residential detached price range was the $550,000-$599,999 range with 64 MLS® sales in March representing 9% of all residential detached MLS® sales.
• There were four residential detached homes sold for over $1 million in March, with the highest priced at $1.25 million.
• Osborne Village was with neighborhood in Winnipeg which saw the most MLS® condominium sales in March followed by Waverley West and St. Vital.
• The most active price range for condominiums was the $150,000-$174,999 range with 28 sales in March which represents 15% of all MLS® condominium sales.
• A condominium in St. Charles was the first in 2024 which sold for over $1 million

Whether you're considering buying or selling, I'm here to provide expert guidance and support tailored to your needs. Let's discuss your objectives and develop a plan to navigate this dynamic market together.