Winnipeg Real Estate Market Update: January 2025 🏡📈

The Winnipeg real estate market has started the new year with a noticeable uptick in sales and continued shifts across different property types. Below is an expanded overview of the latest stats the Winnipeg Regional Real Estate Board released.

We’ll discuss neighborhood highlights, price trends, and the upcoming Market Insights 2025 event details. Whether you’re an experienced homeowner, a first-time buyer, or simply interested in local market dynamics, these insights will help you stay informed!

1. All MLS® Market Performance 💼💰

Continued Growth and New Milestones

• All MLS® Sales: 722 in January, up 10% from January 2024 and 1% above the 5-year average.

• Active Listings: 2,597, a 14% drop from last January, indicating a tighter inventory than 2024.

• Total Dollar Volume: Exceeding $258 million, a 9% increase over January 2024.

2. Residential Detached Homes 🏠✨

• Number of Sales: 447, up 1% compared to January 2024.

• Average Price: $413,247, a 4% increase year-over-year.

Although the sales figures slightly lag behind the 5-year average, the dollar volume for residential-detached properties has risen above the previous year’s level, suggesting that buyers are willing to spend more when they purchase.

Key Neighborhood Leaders 🔑

• Waverley West: The top Winnipeg neighborhood for detached home sales in January.

• Windsor Park and West Kildonan: Tied for the second-most sales in the city.

• Outside Winnipeg, Steinbach led all areas, with Niverville/Ritchot following closely behind.

Price Range Highlights

• $375,000–$399,999: 34 sales (8% of all detached sales)

• $600,000–$699,999: 33 sales (7% of all detached sales)

• Over $1 Million: 8 homes sold in January, with the highest priced at over $1.7 million—outpacing January 2024, which had 7 million-dollar-plus sales.

3. Condominium Sales 🏙️💡

• Number of Sales: 111, reflecting a 12% increase from January 2024.

• Average Price: $249,793, a 10% decrease year-over-year.

While average condominium prices dipped, overall dollar volume was statistically even higher than last year's and above the 5-year average. This suggests a balanced level of investment in the condo market, even as some buyers potentially focus on more affordable units.

Top Areas in Winnipeg 🌆

• River Heights: Leading all Winnipeg neighborhoods for condo sales in January.

• Osborne Village: Following closely behind, retaining its reputation as a sought-after downtown hub.

Most Active Condo Price Ranges

• $150,000–$174,999: 19 sales (17% of condo sales)

• $225,000–$249,999: 12 sales (11% of condo sales)

4. Market Insights 2025: Event Highlights 🎉📅

For a deeper exploration of real estate and economic conditions, mark your calendars for February 20, 2025. The Winnipeg Regional Real Estate Board will host its annual Market Insights event virtually, providing:

• National Economic & Housing Analysis

• Local Residential & Commercial Performance

• Expert Keynotes & Panel Discussions

Featured Speakers 🗣️

• Derek Holt, Vice President and Head of Capital Markets Economics at Scotiabank

• Shaun Cathcart, Senior Economist with the Canadian Real Estate Association

• Sean Kliewer, Senior Vice President at Colliers International

• Jeremy Davis, representing the Winnipeg Regional Real Estate Board

This event is a must-attend for over 450 real estate professionals, financial experts, and business partners looking to gain insights into the 2025 forecast.

For more details on this online gathering and to register, visit:
Winnipeg Regional Real Estate Board’s Market Insights

5. Key Takeaways & Next Steps ✅🏆

1. Seven Straight Months of Growth: Winnipeg’s real estate scene continues to show steady sales gains, underscored by strong buyer interest.

2. Residential Detached Upswing: Higher average prices indicate buyer confidence and healthy demand in the detached market.

3. Condo Market Stability: An overall sales boost with a dip in average price indicates an attractive entry point for buyers seeking affordability.

4. Neighborhood Hotspots:

   • Waverley West: Continues to shine for detached homes.

   • River Heights: The go-to area for condos.

5. Stay Informed: Don’t miss Market Insights 2025 for a comprehensive look at economic trends, real estate results, and forecasts to help you make informed decisions.

Final Thoughts 💭✨

Whether you’re interested in selling your current property, looking to invest, or scouting for your dream home, the Winnipeg real estate market in January 2025 highlights a region in constant evolution. Keep an eye on monthly updates, and consider attending the Market Insights 2025 event for in-depth perspectives and networking opportunities.