Year-to-Date Condo Sales in St. Vital Remain Strong

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10/12 homes for sale in St. Vital bring over list, average condo prices up from last year, 12 new listings this week

by Brenden Morgan, Sutton Group
(204) 955-0500 24 hrs

Much has been written and discussed regarding the strength of residential detached home sales in St. Vital in 2012, but perhaps unnoticed is the strength of the condominium sales.

In Old St. Vital and the neighbourhoods of Bright Oaks, Elm Park, Pulberry, Norberry, Normand Park, River Pointe, and Van Hull Estates, condo sales have shown an increase in selling price of almost 13% compared to the same time period in 2011.

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The average sale price for a condo in the aforementioned St. Vital neighbourhoods has increased from $202,000 in 2011 to $228,000 in 2012. Currently in Old St. Vital and surrounding area there are a dozen condominiums for sale ranging in price from $146,900 for a one-bedroom condo on Arden Avenue to $339,900 for a riverfront 55+ seniors community complex condo on Dunkirk Drive.

Twelve homes for sale in Old St. Vital and the neighbourhoods of Bright Oaks, Elm Park, Pulberry, Norberry, Normand Park, River Pointe, and Van Hull Estates sold last week in a residential detached market that remained strong for sellers. Of the 12 homes that sold, 10 brought more than list price, with the average sale price exceeding the asking price by over 7%.

One small bungalow on Sherwood Place sold for more than $357/sq ft. which was well above the average selling price of $241/sq ft. for the past week. The average number of days required to sell a residential detached home in the St. Vital neighbourhoods of Old St. Vital, Bright Oaks, Elm Park, Pulberry, Norberry, Normand Park, River Pointe, and Van Hull Estates last week was 11 days.

As good as sales were in St. Vital in the past week — and they were good — there were more new listings than there were sales. In Old St. Vital there were 12 new listings last week ranging in price from $139,900 for a house on Barrington Avenue to $289,900 for a home on Hindley Avenue. A very popular price range!

Active new home listings in Old St. Vital:

  • 126 Morier Avenue $224,900
  • 58 Ellesmere Avenue $209,900
  • 176 Sadler Avenue $269,900
  • 53 Imperial Avenue $264,900
  • 124 Hindley Avenue $289,900
  • 33 Barrington Avenue $139,900
  • 86 Essex Avenue $149,900
  • 38 St. Elmo Road $229,900
  • 67 Trafford Park $199,900
  • 219 Havelock Avenue $249,900
  • 4 – 2 Carriere Avenue $188,750 (Condo)
  • B – 31 Eric Street $194,900 (Condo)

In the neighbourhoods of Bright Oaks, Elm Park, Pulberry, Norberry, Normand Park, River Pointe, and Van Hull Estates there were eight new listings last week and there truly was a wide variety, as one new listing was under $160,000 and another home listed for well over a $1 million.

Active new home listings in Bright Oaks, Elm Park, Pulberry, Norberry, Normand Park, River Pointe, and Van Hull Estates:

  • 50 Sunset Boulevard $199,900
  • 90 River Road $1,200,000
  • 31 Moore Avenue $159,900
  • 118 Greendell Avenue $369,900
  • 374 Riel Avenue $279,900
  • 45 Mager Drive $429,900
  • 41-1679 St. Mary’s Road $309,442 (Condo)
  • 114-40 Dunkirk Drive $339,900 (Condo)

For a Free Home Value Analysis of your home in Old St. Vital, Bright Oaks, Elm Park, Pulberry, Norberry, Normand Park, River Pointe, or Van Hull Estates please Click Here.

I am available at anytime to discuss the Real Estate market. Get the FACTS. Whether buying, selling or if you just have questions, call me. (204) 955-0500.

Thanks for reading!


Brenden Morgan, Real Estate Agent Winnipeg, Sutton Group Realty

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