Being one of the true leaders in not only the local real estate market but the Canadian market, Daryl is a mortgage broker in Winnipeg who is 100% committed to helping people with their financial needs. Along the way he teaches them about the industry while conducting business in a professional, honest and fair manner and will continuously offer you the best advice he can.
One of the ways Daryl became the best mortgage broker in Winnipeg is from his commitment to learning about the industry on the fly. Through analyzing market updates and expert predictions for the real estate industry, Daryl has been able to stay on top of the latest trends.
In June 2016, the Winnipeg real estate market witnessed the sale of 1,638 homes. This was the highest number of sales the month of June has seen in Winnipeg and was the second-most sales ever recorded in a month, trailing only May 207 when 1,652 homes were sold. The increase in June year-over-year was 9% and Winnipeg saw its sales surpass 7,000 units over a six-month span for the first time ever.
The average price for a single-family home in the area was $306,311 in June 2016 while for condominiums it was $232,507. Last month also saw the city record its highest-ever total sales volume as it reached $472.3 million in sales, up 13% from June 2015.
While sales have boomed even more than experts had forecasted, supply still remains high which has minimized any steep price increases. Here is how the most popular price range homes in Winnipeg in June 2016 did:
- $250,000-$299,999 – 22% of June 2016 sales
- $300,000-$349,999 – 17% of June 2016 sales
- $200,000-$249,999 – 15% of June 2016 sales
- $200,000-$249,999 – 26% of June 2016 sales
- $150,000-$199,999 – 23% of June 2016 sales
- $250,000-$299,999 – 17% of June 2016 sales
Prices have remained reasonable during the jump in sales since 2016 began. The amount of days that it took for a residential-detached home to sell this past June was 26 days, three fewer than it took in June of last year. The average number of days a condominium spent on the market last month was 43, six days faster than it was in June 2015.
These numbers show that Winnipeg is quickly becoming a hot place to buy. While prices remain relatively fair compared to many other large markets across the country, buyers are jumping at the opportunity to purchase within the city. Should home sales continue to rise at or near this current pace moving forward, we can certainly expect to see supply begin to fall. This would eventually result in prices to climb as buyers start to compete for properties against one another, making right now the perfect time to purchase in Winnipeg!
Whether you are interested in buying or selling a home in the area or would like to learn more information, a mortgage broker in Winnipeg like Daryl Harris is more than ready to help solve your mortgage and real estate needs. For more information, to ask questions or to begin the process today, contact Daryl Harris now!