Life Is Beautiful By The River – House For Sale

For Sale

1050 Ferry Road, East Selkirk, MB

Please click here to see the listing

Welcome home to beautiful 1050 Ferry Road. Located less than 25 minutes from Winnipeg this meticulously cared for property boasts stunning views along the Red River shoreline from every room. The owner built this home with the intention of embracing life by the water. Approaching this home you are greeted by a sweeping driveway hugged by large, established trees. Upon entering the home you are welcomed in by lofty open spaces and an abundance of natural light with beautiful views from each room. In the basement a top of the line geothermal system not only saves our environment but also brings the entire utility bill down to $174 per month. Life by the water is beautiful. Book your private showing today to see you new slice of paradise in person.  —  Additional features include: 3 acres of river front property with 250 feet of river bank, a heated three car garage, under ground sprinkler system, underground dog fence, basement access from outside, a Swedish sauna, a green house and much more. Call us today for your own private showing!

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Is Your Home Your Life Savings?

Free home evaluationIf it is you should know how much your life savings is. Every year we send a comprehensive market analysis to each of our clients so they can properly plan for their future.

Let’s face it! A home is the largest investment most of us will make in our lifetime and knowing the value of it will help you navigate towards a financially prosperous and responsible future.

Our comprehensive market evaluation is an analysis of sales data that relates to your home specifically. Because the market changes over time it is important to keep it updated.

We don’t change anything for preparing these reports and there is no commitment required. Everyone that owns a home needs this information and we are happy to provide it free of charge and commitment.

Our hope is that if you see the value in the information we provide to you that you keep us in mind the next time you or someone you know is thinking of buying or selling real estate. We look at this as an interview for your future referrals.

If you’d like more information about the value of your home contact us today.

When Is It Time To Talk To a REALTOR®?

handshakeMany people only see a doctor when they’re sick or have some other health concern. On the other hand, some people visit a doctor regularly for check- ups, to ask questions and get advice, and to maintain good health.

Which do you think is the better approach? Obviously, the second one!

The same thing is true when it comes to real estate. Even if you have no current plans to buy or sell a home, there are many reasons to talk to a REALTOR® regularly in order to maintain your good “real estate” health. For example, you can:

  • Get an assessment of the current market value of your home, so you can make an informed decision about whether to stay or move.
  • Ask about the state of the local real estate market (which may be vastly different than what you hear on the national news.)
  • Find out what homes are currently selling for in the area.
  • Learn what’s currently available on the market, especially in neighbourhoods you would like to live in and that are within your budget.
  • Ask for a contractor recommendation.
    In fact, it’s a good idea to have a chat with your REALTOR® once or twice a

    year, even if it’s just to say hello.

    You want to build a relationship with a good REALTOR® who understands (and cares about) you and your needs. That way, when it does come time for you to make a move, you’re dealing with a REALTOR® you already know and trust.

    If you or someone you know is thinking of buying or selling real estate please contact us today.

Steady Sale and Increased Inventory Bring Balance – November 2013

RD Sales Pie Chart November 2013
RD Sales Pie Chart November 2013

MLS® Sales Up 2%

Inventory Up 28%

WINNIPEG – The first time the Winnipeg Multiple Listing Service® did $1 billion in sales activity was 2002. Then the MLS® did $2 billion in sales in 2007. Sales broke $3 billion in 2011. In 2013 the WinnipegREALTORS® co-operative marketing system has reached $3.2 billion at the end of November!

WinnipegREALTORS® president Richard Dettman reports the dollar volume strength has benefited from 24 sales valued over $1 million so far this year – 20 residential-detached homes and four condominiums.

Although real estate values continue to increase, the market appears to be establishing some degree of balance; a shift from the sellers’ markets of the past dozen years.

“With 3,454 properties available, it’s the best November for active inventory in the last 10 years,” said Dettman. “In November alone, there were 1,247 new listings, which is also the most entered for the month in 10 years. This gives potential buyers a greater selection of houses to choose from.”

November MLS® unit sales were up almost 2% (863/847) while dollar volume rose 1.6% ($219.3 million/$215.8 million) in comparison to the same month last year. Year-to-date MLS® sales are down less than 1% (12,293/12,392) while dollar volume is up 4% ($3.18 billion/ $3.05 billion) in comparison to the same period last year. New listings coming on the MLS® market in November showed a healthy increase of 17% and inventory is up 28% over last year.

Dettman said the local MLS® activity has defied all the national media predictions of gloom & doom for the Canadian real estate market. “We read the anecdotal stories and ‘expert’ ramblings on the Vancouver, Toronto and Calgary markets. But in Winnipeg we do not experience the meteoric price increases and the even more startling market corrections that the big cities experience. Winnipeg continues to be a market that remains steady and affordable.”

He went on to say; “We have predictions from knowledgeable pundits advising that interest rates will stay low through 2015 and inflation should remain under control.”

The Bank of Canada announced its trend-setting interest rate will not increase as it does not want to risk reversing the current “gradual unwinding of household imbalances” and slowdown in household debt growth. “In other words, the housing market is well behaved right now and the bank wants to keep it that way,” according to the Canadian Real Estate Association.

Dettman said the market would even be stronger if the federal government would stop tinkering with mortgage regulations; if the provincial government were to be convinced to seriously review their dependence on excessive Land Transfer Tax fees and remove education funding from

property owners – then we could look to an even healthier and better balanced real estate marketplace for the foreseeable future.

Even with all the government taxation and interference taken into account, innovative real estate initiatives continue to make our Winnipeg a more exciting and cosmopolitan place to live and do business. The almost extinct construction crane can be seen resurfacing around the new Convention Centre … and at the SHED (Sports, Hospitality and Entertainment District) …the Zoo expansion and other Assiniboine Park initiatives … and of course CentrePort Canada and the potential spillover development opportunities at the Forks from the completion of The Canadian Museum for Human Rights …

“There is no visible housing market bubble in Winnipeg,” said Dettman. “It’s an exciting time to be involved in real estate in Winnipeg.”

Residential-detached sales in November were most active in the $250,000 to $299,999 price range with 23% of total sales. Neck and neck in second place was the price ranges of $200,000 to $259,999 and $150,000 to $199,999, each with 17% of all residential-detached sales. The highest sales price was $1,200,000 while the lowest was only $61,000. The average days on market for residential-detached sales in November was 34 days, 5 days slower than last month and 3 days slower than November 2012.

Condominium sales in the $150,000 to $199,000 price range were the most active in November with 33% of the sales. The next highest price range was $200,000 to $249,999 with 20% of all condominium sales. The highest sales price was $1,100,000 and the lowest was $68,500. The average days on market for condominium sales in November was 32 days, 2 days slower than last month but 5 days quicker than November 2012.

Condo Sales Lead the Way To Near Record October 2013

Sales Pie Chart October 2013
Sales Pie Chart October 2013

MLS® Sales Up 7%

MLS® Dollar Volume Rises 12%

WINNIPEG – With the exception of October 2007 when it was the only time MLS® sales for October eclipsed the 1,200 level, October 2013 is only five sales behind and set a new dollar volume record for this month going over $300 million for the first time. As a result, year-to-date dollar volume is on a record-setting pace at less than $50 million shy of reaching the $3 billion mark for the third year in a row. There are still two months to go. Year-to-date sales have come up substantially too from the beginning of the year (were down 13% after 3 months) to be within 1% of 2012’s MLS® sales activity.

Helping bring back MLS® sales to close in on last year’s brisk pace is the impressive month- to- month performance of condominium sales activity. They are up 15% over the same period in 2012 and in October shot up 42% over October 2012. While still just representing less than 16% of total MLS® sales in October as residential-detached or single family homes captured 70%, condos are by far seeing the best year-over-year property type sales increases of any property type.

Maybe it should not come as a surprise as there has been a 25% increase in condominium listings this year. Moreover, as with other major real estate markets, condominiums on average are more affordable than a stand-alone home on its own lot.

October MLS® unit sales were up 7% (1,196/1,118) while dollar volume rose 12% ($316.7 million/$281.8 million) in comparison to the same month last year. Year-to-date MLS® sales are down 1% (11,430/11,545) while dollar volume is up 4% ($2.95 billion/ $2.83 billion) in comparison to the same period last year. New listings coming on the MLS® market in October showed a healthy increase of 13% and while the inventory dropped under 4,000 listings for the first time since June it is up 26% over last year.

Another story to emerge in October was its record-setting dollar volume for this month of the year. It resulted in a number of high end home and condominium sales. There were seven residential properties over a millions dollars including two new condominiums under construction in South St. Vital.

“I am confident, with only two months to go to conclude 2013, WinnipegREALTORS® will have one of its best years on record in its 110-year history,” said Richard Dettman, president of WinnipegREALTORS®. “MLS® dollar volume is almost a sure bet to set a new annual record at well over $3 billion and we can conceivably still reach the 13,000 level sales mark for only the fourth time since it first happened in 2007. It all depends on how much buyers continue to take advantage of the largest and best selection of MLS® listings in many years.”

Residential-detached sales in October were most active in the $200,000 to $249,999 price range with 21% of total sales. Not far off in sales activity was the next higher price range of $250,000 to $299,999 at 18% and the $150,000 to $199,999 with 16% of all residential-detached sales. The highest sales price was $1,575,000 while the lowest was only $14,000. The average days on market for residential-detached sales in October was 29 days, 2 days quicker than last month and one day slower than October 2012.

Condominium sales in the $200,000 to $249,000 price range were the most active in October yet only by a 1% difference to the previously most dominant price range of $150,000 to $199,999. They finished at 27% and 26% respectively. The average days on market for condominium sales in October was 30 days, one day faster than last month and 2 days ahead of October 2012.