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Winnipeg's Real Estate Podcast (Audio versions)

Bo Kauffmann

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Winnipeg's Real Estate Podcast (Audio versions)

Winnipeg's Real Estate Podcast (Audio versions)

Bo Kauffmann

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Followers
0
Plays
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About Us

This is the audio-only version of episodes in Winnipeg's Real Estate Podcast. Information for home and condo buyers, sellers and owners in Winnipeg. Operated by real estate agent Bo Kauffmann of REMAX performance realty in Winnipeg.

Latest Episodes

October 2019 Real Estate Market Update - Winnipeg

Your 60 second market report for Winnipeg in October 2019. . October sales of 1,173 homes was an increase of 6 percent over October 2018. Now, while that normally would drive prices up, the fact that our inventory is higher by 18 percent over last year helps keep prices in check for home buyers. The bidding wars of the springtime are nothing but a bad memory. In fact, 87% of houses and 93% of condos sold at or below list price in October. In fact, the average list price of a house is at $315,889 , which is down 2.7% from the same month last year. And we see a similar pictures in condominiums with the average sale price of $227,878 is down 2.8% from last year. And for anyone wondering why luxury homes, those had like five, six, eight hundred thousand dollars and more take so long to sell. Winnipeg's market really is between the 200 and 400 thousand Dollar range, where 60 percent of total single family home sales occurred this month. This limitation is even more pronounced in condominiums, where 51 percent of all sales occurred between one $150,000 and $250,000. The big question is what kind of market are we in? We'll give you an idea mid August. We had 1,905 houses for sale in Winnipeg. This morning, that being November 10th, we had just over 1600. So that's three hundred fewer listings in Winnipeg as opposed to August. Listings are slowing down. But if you can still find one right now is a great time to buy. Don't wait till spring. Speaking of spring, I just read a great piece in Mortgage Broker News Scott S.A., where half the economists polled believe that the Bank of Canada will have a rate cut at the end of December or early into January. Great news for the spring market. Are you looking to buy a house or a condo in Winnipeg? Work with the agent who takes the time to explain the process to you, guiding you through every step for service beyond the sale. Book your home buying consultation with Bo Kauffmann of Remax performance today. Bo knows real estate.

2 MIN2019 NOV 11
Comments
October 2019 Real Estate Market Update - Winnipeg

City Assessed Value vs. Market Value

[00:00:08] This is actually a very common question I get from home buyers. They see a house listed at, let's say, 300,000 dollars and then find the city assessed value is just 250K. What's going on? The house is grossly overpriced, right? [00:00:23] So here's what's happening. The city assessed value is simply an average for that type, style, size and age of home in that particular neighborhood. Since the city in all likelihood has never stepped foot inside that particular home, they wouldn't know that the owner recently replaced all the windows, upgraded the heating and cooling, installed all new flooring and repainted inside and out. [00:00:45] None of those things require building permits, so the city has no idea that that's been done: so that this home would be above average when compared to others in the area. Now this can also happen the other way around, and a house which is city assessed at 255,000 might hit the market with the listing price of 220. In that case, the origina...

1 MIN2019 OCT 19
Comments
City Assessed Value vs. Market Value

September 2019 - 60-second Market Update for Winnipeg

September caps off a STRONG 3rd quarter in Winnipegs Real Estate Market The third quarter of 2019 ended up being the strongest quarter of market activity on record. September’s 1211 sales were a 16% increase over last year, and only 4 sales short of the best September on record, in 2016. Making things a little easier for buyers is the fact that this September saw a 10% increase of new listings coming to market, when compared to 2018. This helps to keep prices in check. The average single family home sold for $325,215 less than 1% increase over last year. What does all this mean: The fall-time is usually a buyers market, and that is especially true this year. Right now is the best time to buy a house or condo in Winnipeg.

1 MIN2019 OCT 10
Comments
September 2019 - 60-second Market Update for Winnipeg

How to increase your down payment for a house, using RRSP money.

6 MIN2019 OCT 6
Comments
How to increase your down payment for a house, using RRSP money.

Home Seller Tip #1 - Should Sellers be present when the showing is going on?

59 s2019 SEP 29
Comments
Home Seller Tip #1 - Should Sellers be present when the showing is going on?

Tips for Real Estate Investors - Buying your first rental property

Tips and pointers for anyone looking to buy their first rental property.

14 MIN2019 SEP 27
Comments
Tips for Real Estate Investors - Buying your first rental property

What Should Home Buyers Do 6 Months Before Buying?

57 s2019 SEP 20
Comments
What Should Home Buyers Do 6 Months Before Buying?

7 Question buyers should ask at an open house

4 MIN2019 SEP 13
Comments
7 Question buyers should ask at an open house

Interview with Sandi Huynen, Mortgage Broker

Great info for home buyers in Canada. Talking about the need for CMHC and what the new 'stress test' for home buyers is all about.

5 MIN2019 JUL 19
Comments
Interview with Sandi Huynen, Mortgage Broker

Mortgage Insurance or Life Insurance

As a new home owner, which is better to get: mortgage insurance or life insurance?

9 MIN2019 MAR 15
Comments
Mortgage Insurance or Life Insurance

Latest Episodes

October 2019 Real Estate Market Update - Winnipeg

Your 60 second market report for Winnipeg in October 2019. . October sales of 1,173 homes was an increase of 6 percent over October 2018. Now, while that normally would drive prices up, the fact that our inventory is higher by 18 percent over last year helps keep prices in check for home buyers. The bidding wars of the springtime are nothing but a bad memory. In fact, 87% of houses and 93% of condos sold at or below list price in October. In fact, the average list price of a house is at $315,889 , which is down 2.7% from the same month last year. And we see a similar pictures in condominiums with the average sale price of $227,878 is down 2.8% from last year. And for anyone wondering why luxury homes, those had like five, six, eight hundred thousand dollars and more take so long to sell. Winnipeg's market really is between the 200 and 400 thousand Dollar range, where 60 percent of total single family home sales occurred this month. This limitation is even more pronounced in condominiums, where 51 percent of all sales occurred between one $150,000 and $250,000. The big question is what kind of market are we in? We'll give you an idea mid August. We had 1,905 houses for sale in Winnipeg. This morning, that being November 10th, we had just over 1600. So that's three hundred fewer listings in Winnipeg as opposed to August. Listings are slowing down. But if you can still find one right now is a great time to buy. Don't wait till spring. Speaking of spring, I just read a great piece in Mortgage Broker News Scott S.A., where half the economists polled believe that the Bank of Canada will have a rate cut at the end of December or early into January. Great news for the spring market. Are you looking to buy a house or a condo in Winnipeg? Work with the agent who takes the time to explain the process to you, guiding you through every step for service beyond the sale. Book your home buying consultation with Bo Kauffmann of Remax performance today. Bo knows real estate.

2 MIN2019 NOV 11
Comments
October 2019 Real Estate Market Update - Winnipeg

City Assessed Value vs. Market Value

[00:00:08] This is actually a very common question I get from home buyers. They see a house listed at, let's say, 300,000 dollars and then find the city assessed value is just 250K. What's going on? The house is grossly overpriced, right? [00:00:23] So here's what's happening. The city assessed value is simply an average for that type, style, size and age of home in that particular neighborhood. Since the city in all likelihood has never stepped foot inside that particular home, they wouldn't know that the owner recently replaced all the windows, upgraded the heating and cooling, installed all new flooring and repainted inside and out. [00:00:45] None of those things require building permits, so the city has no idea that that's been done: so that this home would be above average when compared to others in the area. Now this can also happen the other way around, and a house which is city assessed at 255,000 might hit the market with the listing price of 220. In that case, the origina...

1 MIN2019 OCT 19
Comments
City Assessed Value vs. Market Value

September 2019 - 60-second Market Update for Winnipeg

September caps off a STRONG 3rd quarter in Winnipegs Real Estate Market The third quarter of 2019 ended up being the strongest quarter of market activity on record. September’s 1211 sales were a 16% increase over last year, and only 4 sales short of the best September on record, in 2016. Making things a little easier for buyers is the fact that this September saw a 10% increase of new listings coming to market, when compared to 2018. This helps to keep prices in check. The average single family home sold for $325,215 less than 1% increase over last year. What does all this mean: The fall-time is usually a buyers market, and that is especially true this year. Right now is the best time to buy a house or condo in Winnipeg.

1 MIN2019 OCT 10
Comments
September 2019 - 60-second Market Update for Winnipeg

How to increase your down payment for a house, using RRSP money.

6 MIN2019 OCT 6
Comments
How to increase your down payment for a house, using RRSP money.

Home Seller Tip #1 - Should Sellers be present when the showing is going on?

59 s2019 SEP 29
Comments
Home Seller Tip #1 - Should Sellers be present when the showing is going on?

Tips for Real Estate Investors - Buying your first rental property

Tips and pointers for anyone looking to buy their first rental property.

14 MIN2019 SEP 27
Comments
Tips for Real Estate Investors - Buying your first rental property

What Should Home Buyers Do 6 Months Before Buying?

57 s2019 SEP 20
Comments
What Should Home Buyers Do 6 Months Before Buying?

7 Question buyers should ask at an open house

4 MIN2019 SEP 13
Comments
7 Question buyers should ask at an open house

Interview with Sandi Huynen, Mortgage Broker

Great info for home buyers in Canada. Talking about the need for CMHC and what the new 'stress test' for home buyers is all about.

5 MIN2019 JUL 19
Comments
Interview with Sandi Huynen, Mortgage Broker

Mortgage Insurance or Life Insurance

As a new home owner, which is better to get: mortgage insurance or life insurance?

9 MIN2019 MAR 15
Comments
Mortgage Insurance or Life Insurance
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