Tuesday, April 12, 2005

dramatic rise in housing prices

Winnipeg used to be one of the best kept secrets for house prices. Prices have increased quite a bit, though, over the past few years.

Whyte Ridge.

Ave. List
2003 219,475
2004 244,788
2005 270,856

Ave. Sale
2003 219,452
2004 243,298
2005 274,537

Whyte Ridge
Ave. List
2003 203,318
2004 242,744
2005 257,725

Ave. Sale
2003 199,906
2004 243,868
2005 252,797

Property prices increased by 23.2% between 1999 and 2003 in Winnipeg as a whole. The average sale price of a Lindenwoods area home in 1999 was $178,000. It increased by %23.2 to $219,452. Then, the average sale price increased by 25% to $274,537 between 2003 and 2005. Between 1999 and 2005, the average house price increased from $178,000 to $274,537, an increase of almost 55%.

There's a house across the street that is selling for $190,000. The 1999 City assessment values it at $149,200. The 2003 proposed assessed value is $173,100. It's selling for $17,000 more than its value two years ago.

Whyte Ridge and the industrial park. Kenaston curving from left to right and intersecting with Waverley. Whyte Ridge appears almost triangular in shape.

Lindenwoods appears on the right. You can see Canadian Tire on the left, Wal-Mart in the middle and Safeway on the right, near the top.

Kenaston at the top, McGillivray heading south. You can see Canadian Tire on the left side of McGillivray and Wal-Mart and Safeway on the right side. Almost parallel to the bottom of the photo is Waverely.

Here's a closer view of Kenaston and Lindenwood Drive W. You can easily see Safeway on the left, Wal-Mart in the middle and Canadian Tire on the right.

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