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Winnipeg's Real Estate Market Shows Steady Growth in 2024 🏡

August Sales Overview 📈

In August 2024, All MLS® sales reached 1,483, marking a 7% increase compared to last year. The total dollar volume for these sales was $549 million, up 9%, even though active MLS® listings were slightly down by 5%, at 4,015.

Critical Highlights for August:

• Residential Detached Homes: 1,030 homes were sold in August, a 2% rise from last year. The average price for these homes was $415,717, showing a 4% increase.

• Condominiums: Condo sales climbed 8% to 210 units, although the average price dipped 3% to $270,575.

Year-to-Date Snapshot 🗓️

Looking at the broader picture for 2024 so far:

• All MLS® sales totaled 10,250, up 11% from last year.

• The total number of MLS® listings reached 16,785, a slight 3% increase, while the dollar volume surged by 18% to $3.9 billion.

Property Type Breakdown:

• Residential Detached Homes: Year-to-date sales of 7,046 homes were up 9%, with the average price rising 6% to $424,164.

• Condominiums: Condo sales for the year hit 1,542, up 11%, and the average price increased by 7% to $277,155.

• Residential Attached Homes: These properties significantly increased, with sales rising 17% to 716 units and the average price climbing 9% to $363,940.

Market Trends 🏘️

Daphne Shepherd, President of the Winnipeg Regional Real Estate Board, noted, “For seven out of the first eight months of 2024, sales in the main property types—residential-detached, condominiums, and residential attached homes—have outpaced last year. This steady demand is especially noticeable in the condominium market, which continues to perform above the five-year average.”

Winnipeg's real estate market remains resilient in 2024, with consistent growth across most property types and promising trends for buyers and sellers.

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Upcoming Events in Winnipeg: Mid-September to End of October 2024 🎉

I am looking for things to do in Winnipeg. Here are some exciting local events between mid-September and the end of October. From family fun to cultural celebrations, Winnipeg has something for everyone!

September Events 🍂

Manitoba Fibre Festival 🧶

September 6 – 7, 2024
This early September event is perfect for fiber art enthusiasts. You can enjoy workshops, vendor booths, and demonstrations at the Red River Exhibition Park.

Plume Winnipeg ✍️

September 20 – October 1, 2024
Formerly known as the Winnipeg International Writers Festival, this week-long literary event features readings, book signings, and interactive sessions with local and international authors. It's a must for book lovers!

Culture Days Manitoba 🎨

September 20 – October 13, 2024
Celebrate art and culture across Manitoba! This province-wide festival includes free workshops, live performances, and interactive activities highlighting the region's rich cultural diversity.

Teulon Pumpkinfest 🎃

September 21, 2024
Join the fun at this fall-themed festival, which features pumpkin contests, kids' activities, a farmers market, food trucks, and more! It’s a great, family-friendly event at the Teulon Rockwood Centennial Centre.

Winnipeg Jets Fan Fest 2024 🏒

September 21, 2024
Head to the Hockey For All Centre for the Winnipeg Jets Fan Fest. Enjoy on-ice training sessions, meet-and-greets with your favorite players, and many family activities.

Nuit Blanche Winnipeg 🌙

September 28, 2024
Part of Culture Days Manitoba, this all-night art event brings interactive art installations and immersive experiences to the streets of downtown Winnipeg, The Exchange District, and St. Boniface.

October Events 🍁

Boo at the Zoo 👻

October 6 – October 31, 2024
The Assiniboine Park Zoo transforms into a spooky carnival with rides, entertainment, and Halloween fun for all ages. For a more thrilling experience, there’s also a special adults-only event on Halloween night!

First Friday in The Exchange 🎨

October 4, 2024
Explore the Exchange District and visit local galleries, artist-run centers, and shops that stay open late for this free community event. It’s the perfect way to experience Winnipeg's art scene.

These local events offer a wonderful opportunity to experience Winnipeg’s culture and community spirit. Whether you're a literature, arts, or fall festival fan, there's something to enjoy this season. Mark your calendars and explore what the city has to offer! 🎉