Spring Into Action: Selling Your Home in Winnipeg's Booming Market
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Spring Into Action: Selling Your Home in Winnipeg's Booming Market
Spring Into Action: Selling Your Home in Winnipeg's Booming Market
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Winnipeg Real Estate Update: Why Spring 2025 Is the Perfect Time to Sell Your Home 🏡📈

Episode Summary:

Is 2025 the year you should sell your home? With Winnipeg’s real estate market heating up early, now is a great time to consider listing your property before the spring rush. In today’s episode, we dive into the January 2025 market trends, including a 10% increase in sales and a strong seller’s market ahead. From record-breaking sales to remarkable stories like one Garden City home selling for over $60,000 above asking, you won’t want to miss this comprehensive update on what’s driving the market. Whether you’re thinking of buying, selling, or just keeping an eye on trends, this episode is packed with the latest market insights you need to know.

Key Takeaways:

🎙️ Highlights:

  • 10% year-over-year sales increase in Winnipeg’s MLS® market for January 2025
  • Why 2025 could be the perfect year for sellers—less inventory means more demand
  • Garden City’s recent success story: A home listed for $350,000 that sold for $411,000—what this means for potential sellers
  • Condo sales are up 12% in January, with prices dipping just enough to attract first-time buyers
  • How the spring 2025 market could be a seller’s dream, with competition expected to heat up
Optimize Your Real Estate Strategy:

As a home seller in Winnipeg, now’s the time to start thinking strategically. With fewer properties on the market and demand increasing, 2025 could be the year you sell for top dollar. Buyers, on the other hand, may face increased competition as we move into the spring market, so being prepared to act fast will be crucial.

Stay tuned for more insights into Winnipeg’s dynamic real estate market, and don’t forget to subscribe so you never miss an episode full of expert advice and insider knowledge.

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🚀 Connect with Bo

Need expert advice? Contact Bo directly for help buying or selling:
📞 204-333-2202
📧 Email Bo: boknowshomes@gmail.com

🌐 Visit Bo’s Website: https://winnipeg.beehiiv.com

Cert. Luxury Home Marketing Specialist

Accredited Buyer Representative

Direct:  204-333-2202

Web: Https://Winnipeghomefinder.com

 

Chapters

00:11 - Welcome to Bo Knows Real Estate

00:25 - January Market Overview

02:04 - Competitive Selling Environment

02:56 - Future Market Predictions

Transcript
WEBVTT

00:00:00.017 --> 00:00:03.777
Thinking of selling your home? With fewer listings and rising prices,

00:00:04.157 --> 00:00:08.277
now is the perfect time to move as Winnipeg's spring market heats up.

00:00:11.837 --> 00:00:15.317
You're listening to the Bo Knows Real Estate Podcast.

00:00:15.477 --> 00:00:22.857
Tips and advice for home buyers, sellers, and owners with award-winning REMAX agent, Bo Kaufman.

00:00:25.737 --> 00:00:28.637
Get ready for the latest on winnipeg's real

00:00:28.637 --> 00:00:34.537
estate scene in today's episode we'll explore january's market numbers discuss

00:00:34.537 --> 00:00:39.317
why this spring may be a prime time to put your home on the market and share

00:00:39.317 --> 00:00:45.737
a remarkable success story that will catch your attention let's dive in january's

00:00:45.737 --> 00:00:47.977
all MLS sales reached 722,

00:00:48.377 --> 00:00:54.077
a solid 10% jump from January 2024, and even 1% above the five-year average.

00:00:54.457 --> 00:00:58.177
On the dollar volume side, the market recorded over $258 million,

00:00:58.797 --> 00:01:01.177
a 9% increase compared to last year.

00:01:01.897 --> 00:01:08.437
Meanwhile, active listings came in at 2,597, 14% fewer than last January.

00:01:08.957 --> 00:01:13.577
That scarcity can be a real advantage for sellers. Fewer properties to compete

00:01:13.577 --> 00:01:17.397
with could translate into faster sales and more substantial offers.

00:01:18.997 --> 00:01:25.077
Now let's talk residential detached. Winnipeg saw 447 sales in this category,

00:01:25.537 --> 00:01:27.237
1% higher than last year.

00:01:27.437 --> 00:01:31.577
The average price climbed 4% to around $413,000.

00:01:32.817 --> 00:01:37.277
If those numbers don't grab your attention, consider this real-life example.

00:01:37.277 --> 00:01:44.797
A Garden City home recently listed at $350,000 ended up selling for $401,000.

00:01:45.317 --> 00:01:49.457
That's a perfect snapshot of the competitive environment we're seeing right now.

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Buyers are eager, listings are in shorter supply, and multiple offers are becoming more common.

00:01:56.777 --> 00:02:00.777
In other words, if you've been on the fence about selling, it might be time

00:02:00.777 --> 00:02:02.237
to hop off and make a move.

00:02:04.495 --> 00:02:10.615
The condo market also showed momentum, 111 units sold in January, up 12% year over year.

00:02:10.935 --> 00:02:16.515
However, the average condo price dipped about 10%, hovering near $249,000.

00:02:17.715 --> 00:02:21.375
While that might sound like a downside for sellers in the condo segment,

00:02:21.615 --> 00:02:26.055
it also means more budget-friendly options for first-time buyers or investors,

00:02:26.315 --> 00:02:27.815
so demand remains strong.

00:02:29.755 --> 00:02:35.595
Many industry insiders predict spring 2025 could be a powerful seller's market in Winnipeg.

00:02:35.815 --> 00:02:40.055
With inventory levels lower than in previous years and buyer demand rising,

00:02:40.335 --> 00:02:43.435
there's plenty of opportunity to capitalize on the current climate.

00:02:44.255 --> 00:02:47.235
If you're thinking about listing, this might be your moment.

00:02:47.755 --> 00:02:52.015
Of course, every property and every neighborhood is unique, so discussing your

00:02:52.015 --> 00:02:55.255
goals with a knowledgeable realtor can help you make the best decision.

00:02:56.215 --> 00:03:02.055
Call me anytime on my direct action line at 204-333-2202 that's

00:03:02.055 --> 00:03:05.155
your quick but comprehensive look at january's real estate numbers

00:03:05.155 --> 00:03:09.975
in winnipeg and a glimpse of what's on the horizon from rising demand to homes

00:03:09.975 --> 00:03:14.375
selling well above asking it's safe to say the market is heating up even if

00:03:14.375 --> 00:03:19.375
our outdoor temperatures are still well below zero thanks for tuning in and

00:03:19.375 --> 00:03:23.535
i look forward to keeping you informed on Winnipeg's real estate scene all year.

00:03:27.535 --> 00:03:31.835
You've been listening to Bo Kaufman of Remax Performance Realty.

00:03:32.035 --> 00:03:35.815
Are you thinking of buying or selling a house or a condo in Winnipeg?

00:03:35.995 --> 00:03:42.955
Call Bo at 204-333-2202. Remember, Bo knows real estate.