How does 2023 compare to last year so far?

Dated: September 20 2023

Views: 255

In Brandon, Manitoba, the real estate market has shown some interesting trends between 2022 and 2023. I get asked pretty regularily if it's a good time to buy, and the answer is yes. Brandon is a slow and steady growth region. We are not affected with ups and downs like the bigger centres.

In 2022, the average number of days a property spent on the market was just 30 days, indicating a brisk pace of sales. However, in 2023, this figure increased slightly to 35 days, suggesting a slightly slower market but still a relatively quick turnover.

The list price to sale price ratio in 2022 stood at an impressive 97.7%, indicating that, on average, homes were selling for just under 98% of their list price. In 2023, this ratio improved slightly to 98%, indicating that sellers were achieving close to their asking prices.

In terms of actual sale prices, the average home in Brandon sold for $293,000 in 2022. Fast forward to 2023, and the average sale price increased slightly to $294,000, showing a modest appreciation in property values over the year.

These statistics suggest that Brandon's real estate market remains healthy and competitive, with homes still selling at or near their list prices, even as the market may be experiencing a slightly longer time on the market.

The GregoryGroup can help you navigate the Real Estate Market in the Westman Area. Wether you're buying or selling, we can develop strategies to help get you the best deal possible. Call or text Kevin Gregory to discuss further 204.740.0090.

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Kevin Gregory

As a Realtor® servicing the Westman Area, Kevin provides Strategic Marketing services to his clients. His business is built on: Dedication, Communication, Determination, & Trust while embodyin....

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