Winnipeg Closed Transactions
Winnipeg stayed competitive this week, but the heat was more selective. More than half of closings still beat asking, yet the market showed a sharper split between quick, well-priced homes and listings that needed discounts after sitting longer.
Core medians at a glance
The five numbers that anchor the week. Across all 141 closings, the typical home listed at $439,900 and sold at $455,000 — a median gain of +$11,000 (+3.5%) over asking, in a median of 8 days.
Of the 141 transactions, 79 sold above list (56%), 12 closed exactly at asking, and 50 sold below (35%). Total dollar volume reached $66.5M.
The market was still fast, but not evenly hot. The strongest bidding was concentrated in the 6–10 day window, while homes past two weeks mostly shifted into buyer-negotiation territory.
Top of the market: biggest premiums
The five largest dollar premiums were led by 18 Waterview Cove, which closed +$162,314 over its $799,900 ask. The steepest percentage gain among the top dollar winners came from 1119 Mulvey Avenue at +31.8%.
| Address | List | Sold | Over Ask | Premium | DOM |
|---|---|---|---|---|---|
| 18 Waterview Cove | $799,900 | $962,214 | +$162,314 | +20.3% | 10 |
| 27 Stanford Bay | $1,299,500 | $1,460,000 | +$160,500 | +12.3% | 8 |
| 22 Black Pearl Cove | $699,900 | $850,000 | +$150,100 | +21.4% | 10 |
| 11 Vardon Place | $799,900 | $939,000 | +$139,100 | +17.4% | 9 |
| 800 Riverwood Avenue | $449,900 | $585,000 | +$135,100 | +30.0% | 8 |
Every one of the top five closed in 10 days or fewer, showing that the biggest wins still came from early competition rather than long negotiation.
Neighbourhood heat: where deals clustered
Ranked by closing volume, 2C led the week with 10 closings, followed by 4D with 8. The strongest over-asking concentration among the busiest areas came from 5G, where 83% of closings beat list and the average premium reached double digits.
| Area | Closings | Median Sold | Over-Asking | Avg Premium | Median DOM |
|---|---|---|---|---|---|
| 2C | 10 | $511,250 | 60% | +8.9% | 8 |
| 4D | 8 | $403,000 | 62% | +6.9% | 8 |
| 1R | 6 | $651,950 | 0% | -1.3% | 28 |
| 5G | 6 | $536,500 | 83% | +10.6% | 8 |
| 2F | 5 | $485,000 | 80% | +7.6% | 9 |
| 3C | 5 | $458,300 | 80% | +14.4% | 9 |
Days-on-market analysis
The week again revolved around timing. The 6–10 day band carried most of the activity, with 96 closings and a 73% over-asking rate. After 10 days, the pattern weakened quickly.
| Days on Market | Share of Closings | Over-Asking Rate | Avg Premium |
|---|---|---|---|
| 0–5 | 7 (5.0%) | 71% | +3.9% |
| 6–10 | 96 (68.1%) | 73% | +8.6% |
| 11–15 | 12 (8.5%) | 17% | -1.0% |
| 16–20 | 6 (4.3%) | 0% | -4.1% |
| 21–30 | 9 (6.4%) | 11% | -2.8% |
| 31+ | 11 (7.8%) | 9% | -2.5% |
The 6–10 day window remained the strongest part of the market. Once listings moved into the 11–15 day range, the over-asking rate dropped to 17%, and beyond 15 days almost all sales closed below asking.
Where the volume lives: price bands
The $400K–$500K band was the largest segment this week with 46 closings. The strongest premium performance came from the $500K–$600K band, while the $800K and up group posted the highest over-asking rate on a smaller sample.
| Price Band | Share | Over-Asking Rate | Avg Premium |
|---|---|---|---|
| Under $300K | 20 (14.2%) | 25% | -2.1% |
| $300K–$400K | 25 (17.7%) | 60% | +4.0% |
| $400K–$500K | 46 (32.6%) | 52% | +5.3% |
| $500K–$600K | 29 (20.6%) | 76% | +10.5% |
| $600K–$800K | 15 (10.6%) | 53% | +5.8% |
| $800K and up | 6 (4.3%) | 83% | +11.5% |
The weakest segment was again the lower end: homes under $300K averaged a negative premium, reflecting a mix of older, smaller, or more condition-sensitive inventory.
Vintage matters: performance by era
Postwar homes built from 1946–1980 were the standout group, combining the largest sample with the strongest average premium. Newer homes sold at higher median prices, but bidding pressure was much softer.
| Build Era | Count | Over-Asking Rate | Avg Premium | Median Sold |
|---|---|---|---|---|
| Pre-1945 | 24 | 50% | +3.2% | $290,000 |
| 1946–1980 (postwar) | 63 | 71% | +8.9% | $455,000 |
| 1981–2010 | 33 | 58% | +4.2% | $505,000 |
| 2011 and newer | 16 | 6% | -1.2% | $575,000 |
Established areas, practical layouts, and mid-market pricing kept postwar homes in the deepest buyer pool.
Newer homes carried higher prices but saw limited bidding upside, suggesting buyers were more price-sensitive in that segment.
The discount column
The 50 homes that sold below asking show the other side of the market. Discounts were concentrated in longer-DOM listings and in homes where condition, pricing, or buyer pool likely limited competition.
| Address | List | Sold | Discount | DOM |
|---|---|---|---|---|
| 370 Riverton Avenue | $209,900 | $180,000 | -14.2% | 69 |
| 842 Pritchard Avenue | $99,800 | $87,500 | -12.3% | 7 |
| 2347 NORRIS Road N | $439,900 | $390,000 | -11.3% | 26 |
The deepest percentage cut was 370 Riverton Avenue, which sold -14.2% below asking after 69 days.
Still competitive, but less forgiving
Winnipeg's market remained active this week, with 56% of homes selling over asking and a stable $455,000 median sold price. But the premium was thinner than the previous sample: the median over-ask result was +$11,000, not a runaway bidding market across the board.
For sellers, the message is still timing and pricing. The first 10 days remain the strongest window for competition. After that, the probability of a discount rises quickly.
For buyers, the best opportunities are not necessarily in the cheapest homes, but in listings that have missed the early bidding window. Once a home sits beyond two weeks, negotiation room becomes much more visible.