Price of 2-storey homes in Winnipeg continues to rise, condos dip
Prices in Winnipeg remain far below the national average. (File image).
CTV News Winnipeg
Published Wednesday, July 10, 2019 6:40PM CST
The average selling price of a two-storey home in Winnipeg increased by 8.3 per cent compared with the same time last year, while the price of condos dropped slightly, according to data from a Royal LePage survey of house prices across Canada.
In the second quarter of 2019, the average cost of a two-storey home in Winnipeg was $337,579, compared with $324,827 the previous quarter and $311,819 in the second quarter of 2018.
The average price of a detached bungalow stayed flat, at $286,305 compared to $285,486 in quarter two of last year.
The average condo sold for $237,416 in quarter two of 2019, down 2.1 per cent from the same time last year when the price was $242,590.
Prices in Winnipeg remain far below the national average.
Royal LePage said the national average price for a two-storey home in the second quarter sat at $727,165.
It also said one out of five homes is selling over asking price, and millennials are especially active in the first-time homebuyer market.