Kelly Fernandez

Prepare To Be Moved

** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez

Strong start to fourth quarter

WINNIPEG - October MLS® sales of 1,107 increased 8% over October 2017 and 1% over the 5 –year average for this month. Sales rebounded and actually outsold a slower performing September as usually it is the other way around.
A record was set with the highest dollar volume ever achieved for the month of October. Just under $330 million was transacted this October, a 13% increase over October 2017.
Year-to- date sales of 11,371 are down 5% from the same period in 2017 while dollar volume of $3.36 billion is just shy of 4% off the record pace in 2017. Listings entered on the MLS® to the end of October are slightly ahead of last year with both respective years over 21,000 listings. The big difference behind fewer sales in 2018 is 52.6% of listings sold compared to 56.5% in 2017.
“October results showed how our local market despite some challenges can quickly rebound and deliver solid results,” said Chris Dudeck, president of WinnipegREALTORS®. “There still remains a wide range and selection of properties for sale with two months to year end.”
As for specific property types, both residential-detached and condominium sales activity in October were right in line with their 5-year average for this month of 798 and 143 respectively. Where these two depart in similarity is in the percentage of new listings which sold in October; 67% for residential-detached versus 50% for condominiums.
The average sales price for these two property types diverged as well from October 2017. In October 2018 six homes sold for over $1 million with one selling for $1.9 million. This helped propel the average residential-detached sales price up 4% to $324,786. On the other hand, condominiums had an unusually strong average sales price in October 2017 of $254,187 so no surprise it was not as high in October 2018 at $234,509.
The year-to- date average residential-detached sales price rose to $323,001, a 2% increase over the same period a year ago. While the condominium year-to-date average sales price of $239,349 experienced a drop of less than 2% from 2017.
The most notable market region area to contribute to the increased residential-detached sales this October was from the outlying rural municipalities. Compared to the same month last year, rural sales increased 26% and also represented 26% of the total residential-detached sales.
Another area which performed well in October was the southeast quadrant of Winnipeg. It had the second largest percentage increase at 13%. In respect to condominium sales, the southwest quadrant of Winnipeg showed the biggest improvement in outperforming last October’s condo sales with a 16% increase or 13 more sales.
“Looking ahead to November and the end of the year, a real positive to build on for Manitoba is the economic indicator showing U.S. exports increased 21.9% in the first eight months of 2018, first among provinces,” said Dudeck. “This is very encouraging knowing a new NAFTA/USMCA agreement has been signed to give more certainty and confidence to Manitoba businesses which are dependent on exporting their products and services south of the border.”
“Only a REALTOR® can help you decipher all the subtleties and nuances inherent in the ebb and flow of a dynamic housing market,” said Marina R. James, CEO of WinnipegREALTORS®. “Reach out to your REALTOR® if you have any questions about what is happening in your neighbourhood.” 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 1,900 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized realestate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
For further information, contact Peter Squire at (204) 786-8854. 

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** Article and all content has been written by Winnipeg Realtors and not Kelly Fernandez

September Sales Drop 12%
WINNIPEGSeptember sales of 1,046 were disappointing as they fell 12% in comparison to September 2017 and were off 9% from September’s 5-year average of 1,156 sales. On the other hand, new listings were up 6% and inventory of 5,134 listings grew by 11% over the same time last year.
Year-to-date sales activity shows sales of 10,264 are down 7% over the same period in 2017 while dollar volume has decreased 5% to $3.0 billion. Listings entered on the MLS® at the end of September are 19,771, up less than 2% from 2017.
If you look back before 2016 and 2017, the best years ever on record where sales after nine months were right around 11,000, year-to-date sales are very much in line with 2015 and 2014 and much closer to 2013 in total sales. 
“Winnipeg’s resilient market is being tested this year in light of newly tightened federal mortgage regulations and it is preventing a number of prospective buyers from entering our market,” said Chris Dudeck, president of WinnipegREALTORS®. He added, “ The lack of new entrants to a housing market compounds matters further as the cascade effect of more sales occurring further up the real estate ladder is muted due to sellers unable to move on with their plans to buy a home if theirs does not sell.”
We also need to keep things in perspective how Winnipeg and the outlying metropolitan region housing market is performing relative to many other housing markets across the country. At a Canadian Real Estate Association national conference held this month, delegates were told 50 local markets are down more than 10% and 75 out of 101 markets are experiencing declining sales activity in comparison to year-to-date sales in 2017.
“As always, both buyers and sellers need to consult with their REALTOR to develop a strategy to navigate our current market conditions,” said Dudeck.
In September there were 5 million dollar plus single family home sales with one selling for $2 million. The lowest sales price was $44,500. For condominiums, one unit sold for close to $1 million at $964, 950 while the lowest one went for $66,500.
The average days to sell a residential-detached or single family home was 32 days while for condominiums it was a week longer at 39 days.
A real positive for the Manitoba economy going into the last three months of the year is the recently signed United States-Mexico-Canada Agreement. It should bring more certainty and economic stability to what was concerning for many Manitoba businesses which rely on exporting their goods and products south of the border.
One of the most important components you need to take into account when selling a home is strategy”, said Marina R. James, CEO of WinnipegREALTORS®. “Your REALTOR® knows strategy and will help you navigate through complex issues from start to finish.” 
Since 1903, WinnipegREALTORS® has assisted its members in achieving high levels of excellence in organized real estate by providing superior tools and services that enhance and build a vibrant real estate industry. Representing over 1,900 REALTORS® and other industry related professions active in the Winnipeg metropolitan area, WinnipegREALTORS® promotes the value of a REALTOR® and organized real estate. WinnipegREALTORS® provides its members with essential market information, professional development sessions, networking opportunities, marketing products, an effective industry voice and strong leadership to further their professional success.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.

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Buying a home is so incredibly exciting! There is lots to think about and so much to do! Here is a handy check list to have on hand when you are prepping for the move! 

Moving Checklist 

Read your metered utilities before moving in/out
Be sure to read your hydro, electricity and water meters and call them in!


Cancel your utilities and set up new utilities 

Take the time to cancel your current utilities set up your new utilities before you move. It's best to do this in advance to ensure that the utilities will be turned on when you move in.


Transfer or set up Internet/Phone/Satellite or Cable 

Take the time to do this 30 days before you move. Many times companies require a minimum of 30 days’ notice for a move. Or if you are setting up a new account, you may have to wait for an appointment with your chosen company.


Change your address for cards, licenses, taxes and allowances 

For example: Driver’s License, Vehicle Registration, Car Insurance, Canada Revenue Agency and Manitoba Health Card.

House Insurance

Set up House Insurance for your new house and cancel if you are moving out. 

□  Change your address with your creditors

□  Change your address with your Financial Institution

□  Forward your mail
Fill out a change of address form at the post office. Having your mail forwarded will help catch any items you might have missed!

Miscellaneous items such as: 

Library card, subscriptions, healthcare providers (Doctors, Dentists etc.) and delivery services.  

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Congratulations! You have bought a house!

Now what….? 

Your offer has been accepted, the conditions have been removed, and now you are waiting to take possession! This is a very exciting time in any home buyers journey. Whether or not you are a first time home buyer or a seasoned home buyer, there is still lots to think about over the days, weeks and months until you take possession. This can be overwhelming, and as realtors, we understand that! We are still here for you, to help you with the details and to answer any questions you have along the way.

Once your conditions have been removed on your dream home, the first thing you need to do is to have your Realtor send your offer to purchase and all pertinent documents to your lawyer so that they are able to get started on their portion of the work. You will need to meet with the lawyer to sign all documents. The lawyer will look after the land transfer tax and property taxes that you will be required to pay prior to possession. Your lawyer will let you know the amount of funds to bring to them prior to you going to  sign the all of the papers to ensure that you have it available to take to them when you go and meet with your lawyer. The lawyer its the one who makes all the possession magic happen… You will not be able to get possession without signing all documents with them! 

You will also need to be in touch with your bank and set up a time to sign the mortgage documents with so that they can pass everything along to your lawyer.

You will need home insurance! This really important to have set up as most financial institutions will not fund your mortgage without it. You need to be protected! Ensure that your insurance is effective the day of your possession. The insurance broker that you choose will have a lot of questions regarding your home that they will need answered to get you the best insurance both for your and for your home. Some of the questions will be regarding the plumbing, electrical, age of the roof, furnace, a/c etc. Your realtor will help you to collect all of this information! If you have had a home inspection, a lot of the information is typically included in the home inspection. It is wise to get the insurance process started as soon as all conditions have been removed! Do not wait until the last minute!

But wait!! You are still not done! I know… I see your overwhelmed, blank look. Now… Aren’t you glad you have an excellent Realtor who is there to answer all your questions and to ensure that you have everything done?! Yah… Me too!!! :)

If you have school aged children, you can now take your accepted offer to the school in your area and have your littles registered there. 

The week before possession, make sure to call Hydro and the City or RM that you are in to set up an account for Hydro, Electricity and Water / Waste. Sit tight with this one for a minute… we will come back to it.

Make sure you to change your address…. With Everybody! Your bank, your dentist, your doctor, your employer, your drivers licence… EVERYBODY! Think you missed somebody? Not a problem, make sure you have your mail forwarded through Canada Post to ensure you don’t miss a thing! 

There is more…. hang in there… we are almost done!

You will likely want internet, cable, satellite, or cable at your new home. Call now to get that all set up! If your cable company requires an appointment to set it up, make it now. That way there is no need to wait past possession date to have this all set up. 

Now… YOU MADE IT!!! This is possession day!  

You have your keys… you have your time of possession… you have a house! 

First things first though on possession day. Hydro, Electricity, and Water (remember, we said we would come back to this, here is is!). When you walk into your new home, make sure that the first thing you do is read your meters and call them in! Remember the accounts that you already have set up? Yep! It will only take a couple of minutes to call in your first read. Do it now before you forget. I know, you are SOOO excited to start moving your boxes and furniture in… But, stick with me… we are almost there! Make sure you check your to ensure that your A/C works, AND your furnace. I know it can sound odd turning your heat on in the summer or your A/C on in the winter, but you need to make sure it works. Worst would be to turn it on in the appropriate season and find that you have no heat or are melting in the summer with no A/C. If appliances have come with your home, ensure that they all works well. Check your fridge, run a cycle through your dishwasher (this would be a good time to through at dishwasher cleaner in as well). Turn all the elements on your stove on and your oven. Run a load of laundry through your washer and dryer (a couple of towels work great!). Everything is working? AWESOME!! WELCOME HOME! Start bringing in your belongings! You are officially home! 

Always remember, your Realtor is here to help make this transition easy for you. We are here for you! Welcome Home!

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I have listed a new property at 14 Frank ST in Oakbank.
This incredible home located in the heart of Oakbank is sure to impress from the moment you drive up! This home is completely finished inside and out! The fully landscaped yard is amazing! The backyard boasts a stunning custom pergola on a beautiful stamped concrete patio, the two tiered deck off the kitchen makes this the perfect yard for entertaining or your growing family! The main floor features 3 large bedrooms, a beautiful living room with FP surrounded by stunning slate tile. Amazing wood beams in the dining and living room create a warm and welcoming space. The kitchen has loads of cupboard space, beautiful granite countertops, and a farmhouse sink! The master bedroom is a dream w/ a large walk-in closet and a spa-like ensuite. The basement is fully finished with an additional bedroom, bathroom, and the most incredible rec room complete with a fire place, a fantastic dry bar with stone accents and quartz counter top. This house is one of a kind! Do not miss out!
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