Stats for March 2011...

Here is a quick compilation of the stats for March 2011:

•  65% off all homes are selling for over 200,000, with 42% selling over $250,000.

• March sales came close to 1,200 while dollar volume was at $275 million.

• Our first quarter of 2011 has resulted in over 2,500 in MLS sales and $570 million in dollar volume.  No previous first quarter has eclipsed one-half a billion dollars before.

• March MLS unit sales were up 7% while dollar volume rose 14%  in comparison to the same month last year.

• Year-to-date or first quarter MLS market activity shows sales are up 10% while dollar volume has risen 15% in comparison to the same period last year.

Stats exclusive to Residential Detached homes were as follows:

• 48% of residential-detached listings sold for above list price.

•  65% off all homes are selling for over 200,000, with 42% selling over $250,000.

• The average home sale price was pushed up to $255,000 which was a big jump from last month and for March 2010.

•  The most active price range was the $200,000 to 249,999 at 23% of total sales.  These homes, on average, sold in 14 days of being on the market.

• average days on market for all residential-detached sales was 24 days, 2 days quicker than last month and March 2010.

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Stats exclusive to Condos were as follows:

• most active price range was from $150,000 to $199,999 at 36% of the total sales.

• average days on market was 35 days, 11 days slower than last month and March 2010.  It is important to note that this was more of  a reflection of older inventory being sold off rather than slow sales as March sales activity was excellent.

"The change in the mortgage amortization period from 35 to 30 years in March may have spurred on more activity than we initially had predicted and with mortgage rates starting to inch up a bit lately those buyers are looking even smarter now for getting a head start on the spring market," said Ralph Fyfe, president of Winnipeg REALTORS®.  "That being said, it obviously points to a wonderful opportunity to list your home and take advantage of present  market conditions."

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