The proof to show the value of a REALTOR®, and the team of other professionals they work with to help clients succeed in the buying and selling of a home, is provided by 2017 market results.
May 2017 set a new monthly all-time record with nearly 1,700 sales transacted through the Multiple Listing Service® (MLS®), according to WinnipegREALTORS® stats. Dollar volume alone was just shy of half a billion dollars and that, in part, does not only reflect strong sales, but a healthy upper-end market. The average time on the market for single-family home sales was only 24 days, with the most active price ranges of $250,000 to $299,999 and $300,000 to $349,999, dipping down to 19 days.
Conversions of single-family home listings-to-sales were impressive, too, with the equivalent of nearly two-out-of-three active listings being sold in the record month. Even condominiums saw one-out-of-four active listings sold.
Despite challenges this year, with a new stress test on qualifying for an insured mortgage, year-to-date single-family home sales at the end of August are only down 61 sales from the record-setting pace in 2016. And condo market activity for the first eight months is actually up 61 sales from last year and only two sales off the best condo sales year in 2014.
The network of 1,782 Realtors in the WinnipegREALTORS® market region were clearly doing their absolute best, applying their knowledge and expertise to complete 9,786 MLS® sales by the end of August. This Realtor network is being harnessed very effectively, allowing Realtors to share timely information and resources in order to place buyers and sellers in the best position to secure the biggest financial investment of their lifetimes.
Heading into the first 15 days of September, MLS® sales are slightly ahead of the same period last year, another indocated of the power of Realtors.
In the Canadian Real Estate Association’s most recent forecast update, it is predicted that Manitoba will buck the national trend of less activity and actually set a new sales record this year.
If you are planning to sell your home in the next few months, and you want to get the most out of your valuable asset, you need to call a Realtor.
A Realtor knows that a strategy is one of the most important components of a successful sale. Your Realtor can help you navigate through complex issues of a real estate transaction from start to finish.
As an expert on the current MLS® market, a Realtor will interpret all the necessary data and external factors that determine your home’s worth so that accurate pricing can be achieved. They will then apply their professional marketing experience to provide you with a detailed marketing plan, which shows you when and where they will advertise to reach the maximum number of buyers.
And as most buyers and sellers already understand and expect, a Realtor will list your home on the MLS® system, which provides buyers with a powerful tool when looking to purchase a property.
When buyers make one of the largest and most important purchases of their life, they need the help of a proven professional to guide them through the process. A Realtor will ask the right questions to help them determine their budget and any other requirements necessary to set up a search specifically to meet their needs. They will also explain the importance of understanding buyer agency, so that buyers understand the services and duties owed to them during the buying process.
Realtors do the legwork once a buyers has selected the properties they want to view. And the Realtors will help write a strong offer upon researching property history, easements, encroachments and other pertinent details. The offer will be prepared and structured to protect a buyer’s best interests.