4/8 Linden Woods and Linden Ridge homes sell for less than asking. Buyers market beckons?
by Harry Odwak, Monopoly Realty
There are still bidding wars occurring on a regular basis in the Linden Woods and Linden Ridge neighbourhoods of Winnipeg, yet there are more homes being sold for list price or below, than for above asking price. That means potential bargains for buyers in Linden Woods and Linden Ridge, considering the current climate of the Winnipeg real estate market.
Eight homes for sale in Linden Woods and Linden Ridge sold in the past 10 days. Two went for above list, two brought asking price and four sold for below list. The big winner in the above-list-price sweepstakes this week were the owners of the home at 28 Linden Terrace Way, which was listed at $449,888 and sold for an even $500,000, $50,200 over list! Multiple bids were definitely a factor in achieving this price. The home at 66 Hollington Road also brought well over asking price when it sold for $444,600, which was $34,700 more than the list price of $409,900.
Homes for sale in the Linden Woods and Linden Ridge neighbourhoods offer great value if you can negotiate the right price. For example, the 1870 square foot home at 101 Brigantine Bay is currently being offered for $399,000. That’s $213 per square foot. Compare that to some 700-900 square foot “starter homes” in other areas that are selling for $250,000 or higher to get a good sense of the value in these neighbourhoods.
Active home listings in Linden Ridge and Linden Woods this week:
- 175 Shoreline Drive $429,900
- 116 Tangle Ridge Crescent $549,000
- 101 Brigantine Bay $399,900
- 50 Farmingdale Blvd. $ 429,900
- 55 Thurston Bay $439,900
- 795 Lindenwood Drive $549,000
- 122 Tweedsmuir Road $420,000
- 22 Castle Ridge Drive $769,900
- 5303- 173 Victor Lewis Drive $187,000
Would you like to know what your Linden Ridge or Linden Woods home is worth on today’s market? Would you like to know about all homes for sale in Linden Woods and Linden Ridge as soon as they become available – or even before? We keep close tabs on this neighbourhood and would love to be of service to you! Please make sure to check back again soon for regular updates from the Linden Woods and Linden Ridge areas of Winnipeg and for specific stats from other exceptional Winnipeg neighbourhoods.