🏡 July Housing Market Update – Winnipeg & North Kildonan

The Winnipeg housing market is starting to show classic signs of a summer slowdown. In July, the average sale price for detached homes across the city was $461,777, with 636 homes sold—a 5.77% decrease from June.

There are currently 792 active detached listings, and 142 listings expired in July. In just the last 7 days, 159 new listings hit the market—still active, but cooling.

📉 This brings Winnipeg’s days of inventory to approximately 37 days, meaning that at the current rate of sales, it would take just over a month to sell everything on the market. That still leans in favour of sellers, but momentum is softening.

📍 Spotlight on North Kildonan (MLS 3F & 3G)

In North Kildonan, the shift is more pronounced. The average detached home sale price was $438,058, with just 11 homes sold—an 11.03% decrease from June, though still 10.17% higher than July of last year.

This neighbourhood had been holding strong, but July marked a noticeable tightening, suggesting buyers are growing more cautious.

• Active Listings: 6 homes currently for sale, ranging from $299,900 to $594,900

• 4 listings have been sitting for over 20 days

• 3 homes are conditionally sold

• 1 listing expired

• Only 4 new listings came on in the past week

📊 That translates to just 16 days of inventory—a very limited supply. Despite signs of cooling, North Kildonan remains competitive and still leans in favour of sellers.

🌳 East St. Paul (MLS 3P)

In East St. Paul, 9 detached homes sold in July, ranging from $588,000 to $1,143,000—5 of those sales were over asking.

Currently:

• 18 detached homes are for sale, priced between $749,900 and $1,079,000

• 13 listings have been on the market over 20 days

• 4 listings expired in July

Higher-end homes are sitting longer, but desirable homes priced right are still moving quickly.

🏢 Condo Snapshot: Concrete Apartments (1200–1450 sq ft with indoor parking)

Across all of Winnipeg, there are only 4 units currently for sale that fit this profile.

• 3 sold recently, priced between $263,500 and $465,000

• Currently, none are available in North Kildonan or East St. Paul

This is a niche segment with extremely limited inventory—especially for buyers prioritizing size, structure, and parking.

💬 What This Means for Sellers & Buyers

While demand hasn’t disappeared, buyers appear to be getting a bit more selective. I recently sold a North Kildonan home for over $80,000 above asking, after receiving 5 strong offers. Just last week, however, another nearby home—priced lower—sold for only $30,000 over asking.

This could signal a return to a more typical, pre-Covid summer market—where things naturally slow down in mid-summer before picking back up in the fall.

📬 Stay tuned for next month’s update, and follow my weekly market posts on Facebook for more timely insights and local updates!

For all of Winnipeg- The average sale price was $489,897 -that is a 2.17% increase from May. 788 detached homes sold with an average of 14 days on the market. With 781 active detached listings today in all of Winnipeg, gives us only 31 days of inventory at this moment. 30 days of inventory can signal a balanced market or slightly a seller’s favourable market. In the last 3 days 60 new listings came to the market and 55 properties sold. 

For the North kildonan area (MLS 3F+#G) the average sale price was  $492,395 which is a 10.66% increase from May. 21 detached homes sold in North Kildonan in June with an average of 10 days on the market. As of today only 7 detached homes are for sale priced from $349,900-$594,900. We only have 10 days of inventory - a very tight market indicating a strong sellers market, everything on the market could sell in just over a week if not many new listings hit the market. In the last 7 days only 3 listings came to the market in this North Kildonan area (MLS 3F +3G)  In the last 3 days 2 properties were listed in North Kildonan. (3F+ 3G) 1 sold and 2 sold conditionally.

For concrete condos in the North East area- One unit listed at $449,900 conditionally sold at 1954 Henderson Hwy-a beautiful unit with several offers. 2 condos are for sale in Country Villas. Listed at $499,000 and $549,900. One of them has been on the market for over a month. If you are curious as to your particular condo unit please let me know and I can do an evaluation on that type of condo just for you. Or if you are thinking of moving into a condo please let me know and I’d be happy to show you these condos.

For East St Paul-residential homes-there ae 21 active detached homes on the market priced from $549,900 -$1,799,900. 13 of these have been on the market over a month. 10 sold last month and average selling price was $900,150. an average of 20 days on market. That is a price increase of 24.23% from May when 13 homes sold.

If you have questions or would like to discuss any concerns about your next move please let me know. I would love to help.

Are you planning to sell your property this spring? Here are some tips for a successful spring sale.

• Price your home competitively — Research comparable properties in your area for what they listed and sold for and use these as a guide.

• Be prepared to negotiate on price and terms — Think about the lowest price that would be acceptable to you.

• Give your home’s exterior some love — Expect potential buyers to examine the exterior more closely in the warmer months. Ensure your patio furniture is clean and wash the windows inside and outside if possible. For balconies, planters of colourful flowers go a long way. If you have a yard, clear any debris from the winter, consider putting down some fresh mulch, and tend to landscaping.

• Air out your home — Open the windows to let a cross-breeze through for fresh air. Also, consider placing some diffusers throughout your home for a pleasant scent.

• Stage seasonally — For example, since it’s springtime, setting out a vase of fresh tulips would be in tune with the season. Work with a professional stager.

• The entryway — This is your first opportunity to make a statement. Choose items that creates a lasting impression, such as a brand-new doormat, a nice framed mirror, a console and a matching bench.

• Give your home a good spring clean — Depending on your region, winter can create a lot of extra dust from continuous heating. Consider hiring professional deep cleaners.

• Tend to any repairs — While this may seem obvious, depending on your region, winter can be rough on a home, so scan your home to see if you need to do any minor repairs or improvements.

• Declutter—Donate or sell anything that doesn’t have a practical or aesthetic purpose for a well-presented home.

Even if you aren’t preparing for a spring sale, many of these tips can be used to stay on top of home maintenance and keep your home humming into spring.

If you need help in any of these steps, I can help. I provide a lot of extra services in helping you prepare your house to sell any time of the year.

If you are nearing retirement or you are already retired, you may be thinking about downsizing, as it can free up your finances and simplify your life, allowing you to enjoy a greater quality of life.

So, what are some cues that it's time to downsize?

• You are having frequent falls or trouble navigating the stairs. If this is the case, you may be safer in a single-story home or a condo with elevators.

• You are overwhelmed with home maintenance.

• Your housing costs have risen above 30 percent a month.

• You want to free up your home equity, perhaps so you have more disposable income for things like travel.

• The home no longer fits your needs.

• There are unused rooms and amenities.

• Your career and family no longer tie you to the area.

• You want to be closer to your family.

• The demographics in your neighbourhood have changed and you no longer have a sense of belonging there.

Perhaps a retirement community would make more sense, so you can make new friends and enjoy activities together. While it can be hard to let go of a home that holds so many memories, letting go means you will create space for new possibilities.

• Detached Houses:106 sold, avg. price up 6.48% to $436,837 from Feb.720 homes for sale today, with 65 new listings in the last 24 hours.Attached Houses:30 sold, avg. price up 7.09% to $362,570 from Feb.51 homes for sale today.North Kildonan (MLS 3F & 3G):12 sold, avg. price up 8.30% to $413,160, 8 sold over asking.14 homes for sale today, 11 on market < 15 days.Concrete Apartment Condos (1000-1300 sf, 2 bdrm, indoor parking):15 sold, avg. price up 11.39% to $337,715 from Feb.10 units for sale, priced $189,900-$509,900.East St. Paul:11 homes for sale, prices $369,900-$2,200,000.6 sold, avg. price $646,056, down 0.06% from Feb.West St. Paul:7 detached homes sold, avg. price $620,000! 64 homes for sale, 10 resale/built before 2023.Interest Rates and Market Outlook:Interest rate cuts timeline may be pushed back.Approaching a sellers' market, buyers cautiously returning.Increased consumer confidence leading to more buying activity.Sellers welcoming more activity on listings.Thinking of making a move? Contact me for insight and advice tailored to your needs. No pressure, just guidance to help you decide. Let's chat!