May Condo Statistics

* The following from this WFP article from Murray McNeil.

Condominiums have been a hot seller in an otherwise cooling Winnipeg housing market, according to new sales figures released Monday.

Condo sales were up 12 per cent for the first five months of this year, while sales of single-detached homes were down by the same amount from the same period in 2008, Winnipeg realtors said.

Winnipeg Realtors figures show there were 576 condos sold through the MLS during the first five months of this year. That compared with 511 during the period last year.

The hottest selling condos were in the $100,000 to $149,000 price range. They accounted for 230 of the 576 sales. The second hottest sellers were those in the $150,000 to $200,000 range, with 140 sales.

Sunstone president Michael Evans and vice-president and general manager Bill Coady said the fastest sellers in the company's Sky Waterfront development under construction on Waterfront Drive have been priced between $220,000 and $240,000.

The ones priced at $330,000 to $550,00 have been a little slower to move, but are still selling, they said.