Showing Articles written by 'Alan Reiss'


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The Reiss Report: Condo Real Estate Blog - Summer 2022

By Alan Reiss | Other articles by Alan Reiss

It bears repeating, as was stated in the first quarter report in the spring edition of the newsletter, that 2021 was an MLS® record-shattering year for the Winnipeg Regional Real Estate Board. Condominium sales lead the way with a 39% increase to leap ahead from record sales in 2020 of 1,847 to 2,582 in 2021.


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The Reiss Report: Condo Real Estate Blog - Spring 2021

By Alan Reiss | Other articles by Alan Reiss

IMPRESSIVE CONDO SALES IN 2021

There’s a saying that many of us are familiar with: what a difference a year makes.

Well, the passing of one year has made a huge difference in condo sales. Even though sales in March 2020 were decent, the solid numbers from one year ago were blown away by March 2021 numbers. Once all the dust had settled, March 2021 – there were 397 new listings this year compared to 329 the year previous - this proved to be the best-ever month for condo sales in Winnipeg, with 288 listings being sold.


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The Reiss Report: Condo Real Estate Blog - Spring 2022

By Alan Reiss | Other articles by Alan Reiss

We are coming off a spectacular year in 2021 where condo sales skyrocketed 39% from 1,847 in 2020 to 2,572 in 2021. This is a clear indication of preferences shifting with first-time buyers in particular finding condos a more affordable housing option which they can manage. Even with the supercharged demand for condos in 2021 the annual average sales price only went up a modest 2% to $244,957.


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The Reiss Report: Condo Real Estate Blog - Summer 2021

By Alan Reiss | Other articles by Alan Reiss

No matter which way you cut it, the number of sales is phenomenal. Compare it to the best previous year – 2014 – and it blows it away with nearly 400 more sales, as 963 condominiums were sold during the first six months of that year versus 1,376 this year. Percentage-wise, the first half of 2021 still works out to be 43 per cent better than sales from seven years ago!


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The Reiss Report: Condo Real Estate Blog - Fall 2021

By Alan Reiss | Other articles by Alan Reiss

CONDO REAL ESTATE BLOG: WITH THREE MONTHS TO GO BEFORE THE END OF THE 2021 SALES YEAR, THE CONDO MARKET REMAINS HOT.


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The Reiss Report: Condo Real Estate Blog - Winter 2022

By Alan Reiss | Other articles by Alan Reiss

The fourth quarter of condo sales activity reaffirmed the momentum and impressive condo sales activity which commenced in earnest in the latter half of 2020. It never let up in 2021 and this was certainly evident in the last three months of 2021 with sales up 12% over the same period in 2020 when condo sales were surging in comparison to 2019. Comparing fourth quarter 2021 to the same quarter in 2019 shows a 53% jump in condo sales.


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The Reiss Report: Condo Real Estate Blog - Winter 2021

By Alan Reiss | Other articles by Alan Reiss

CCI CONDO BLOG: FOUR FACTORS FUELED RECORD SALES IN 2020

While 2020 was a difficult year in Manitoba – the COVID-19 pandemic saw to that – 2020 was a very good year for condominium sales. In fact, it was a record year. A 5.5 per cent increase in sales saw a total of 1,847 units sold in 2020, up from 1,750 units in 2019. That broke the previous record of 1,798 units, which was set in 2014.

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Vol. 9, Issue 3, July 2022
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