98 episodes

This is the audio-only version of episodes in Winnipeg's Real Estate Podcast. Information for home and condo buyers, sellers and owners in Winnipeg.
Operated by real estate agent Bo Kauffmann of REMAX performance realty in Winnipeg.

Winnipeg's Real Estate Podcast (Audio versions) Bo Kauffmann

    • Investing
    • 3.5, 2 Ratings

This is the audio-only version of episodes in Winnipeg's Real Estate Podcast. Information for home and condo buyers, sellers and owners in Winnipeg.
Operated by real estate agent Bo Kauffmann of REMAX performance realty in Winnipeg.

    Real Estate Market Quickie for May 2020

    Real Estate Market Quickie for May 2020

    Why is now the start of the spring market in Winnipeg?  Hear of the two most recent sales, and the stats that tell the story.
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

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    Looking after and reporting on historic stats is easy…..   extrapolating information from those stats, and predicting the future is harder. Unless
    A few very loud and obvious facts jump out, making it easier to interpret.
     
    For example:
    2 weeks ago I listed a bungaow in the west st james area for $250,000.
    It ended up with 45 showings and 15 offers, and sold for $30grand over asking.
    But one example does not make a trend
    So this past week, I listed another bungalow, this one in north kildonan, for $260K.
    46 showings, 10 offers and sold for 23K above asking.
    So 91 showings, and 25 offers on these two listings.
     
    Seeing a trend? Two different parts of the city, but both homes are smack in the middle of Winnipeg’s most popular price range category….
    Why is this happening?
    Well, let's look at available listings.
    Last year, this time, we had 1635 homes for sale in Winnipeg.
    Today, that number is 1273.   That is 22% fewer listings than the same time last year.
    So if you’re thinking of selling your Winnipeg home, NOW is the perfect time. Listings are down, but buyer activity   (91 showings, 25 offers on two homes) is up.

    • 2 min
    Timing & Pricing When Selling Your Home

    Timing & Pricing When Selling Your Home

    Does the time of year make a difference when selling your home?  How important is setting the right asking price?  Two stories to show the effects.
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

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    [00:00:00.150] What kind of an effect can the proper pricing and timing have when selling your home in Winnipeg? Coming up next.
     
    [00:00:25.460]  So if you're thinking of selling your house or condo in Winnipeg, timing the market is important and pricing correctly for wherever that time of year is. Not every market is the same. Spring market is different than the summer and the winter and the fall is different again.
     
    [00:00:40.640] I've got two real life examples of what a difference pricing and marketing time can make. And the first one kind of talks about the difference of pricing. Recently, I had occasion to do research in an area in St. Boniface where two homes were sold on the same street. They were basically identical homes built probably by the same builder. Certainly the same size, the same style, built the same year. But inside they were quite a bit different.
     
    [00:01:08.090] The first home we look at was listed at the end of August. Generally, the market in Winnipeg starts to slow down in August, especially towards the end end and in September. People have bought their houses. They're now concerned about moving in, getting their kids in school and stuff like that. So at the end of August is generally not a great time to list the house. This one in particular had been updated extensively. New bathrooms, new kitchen windows, flooring, electrical, was extensively renovated, looked really, really gorgeous.
     
    [00:01:35.840] And they priced it at $285,000, which is probably fair for that market and that house. It took 40 days to sell and they eventually sold it for 275. So 10,000 under and it took six weeks to sell. Now look at another house. Same street. It was listed at the beginning of June. And that is still traditionally part of the spring market. Things are still active. People are still looking very much looking, especially the beginning of June.
     
    [00:02:01.790] Same kind of house, same size, layout, number of bedrooms, number of bathrooms on the same street. But that's where the similarities end. It had an old kitchen, old bathroom. Couple of the windows were updated, but not much else. So they priced us at $249,900. Now remember, it's still spring market, $249K. They got multiple offers and it sold for $273,000, just two grand below the one that was completely updated and finished.
     
    [00:02:29.870] So that's the benefit of listing at the right time of year when there's still multiple bids, multiple offers happening. It doesn't seem fair, but that's just the way. Just the way it is. If you can avoid listing at the end of August, do so. Hold off for a little while. Market generally does pick up again at the end of September, beginning of October. But if you don't have a choice, you don't have a choice.
     
    [00:02:52.430] You have to just kind of make the best of it. But spring market is definitely the best time to list. And my next story is going to be an even wilder example. Unbelievable. So stay tuned.
     
    [00:03:17.240] This next example. I was actually intimately involved with both of them. I saw both houses inside and out. These homes are located in River Heights. And just like the previous example, they're on the same block, same street, same side of the street. So they're facing the same way, the same sun exposure. Probably built by the same builder. Definitely the same style, size, and layout. They were both bu

    • 7 min
    Winnipeg Real Estate Market May 2020

    Winnipeg Real Estate Market May 2020

    Sales stats for homes and condos during April 2020, the first full month of activity during the pandemic.  How is Winnipeg's market doing:
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

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    [00:00:23.390] Welcome, everybody. It's mMay first and I take a look back at all the sales in April, the entire month, and that is the first full month in this pandemic, as you may remember. The markets, everything was shut down around the middle of March.
     
    [00:00:36.460] So March's report was still half normal, half pandemic. So now we're taking a look at the first full month to see what numbers have done. Bottom line listenings her down, sales are down, but the intensity remains. I'll show you what I mean. And I usually compare to the previous month. But really, the best way to compare is to the same time period previous year.. So what we have is last year in April, we sold 85 condos.
     
    [00:01:01.720] This year, 42. So that's half. Last year we sold 558 houses in that time period. This year, just 375. These are numbers for inside Winnipeg. And they're gonna be different than what Winnipeg REALTORS® puts out simply because Winnipeg REALTORS®  covers the entire south east quadrant of Manitoba, including Steinbach and Portage LaPrairie and Selkirk, whereas I'm looking at only Winnipeg. All right, let's look at available listings. So last year, this is under a quarter million dollars.
     
    [00:01:30.280] Last year we had 363. This year we've got 285. So that's quite a bit down. Last year, 250000 to five hundred thousand dollar homes. At the end of April, we had 694 this year, just 590. So that's down about 14, 15 percent. And the luxury homes last year we had 378 available this year, just 338. So that's about 40 down. That's another 10, 11 percent.
     
    [00:01:57.460] So as I mentioned before, listings are down, but so are sales last year, quarter million dollars or less. We sold 156 homes, this year just 93. In the 250 to five hundred thousand dollar range, Last year we sold 357, this year, just 247. So that's about a 30 percent drop.
     
    [00:02:16.270] And last year, in the luxury home range of half million or more, we sold 45 homes this year, just 35. So as you can see, listings are down and sales are down. So how do you correlate the numbers? I mean, if one of them is significantly different than the other, it will have an effect on whether it becomes a buyer's market or a seller's market. And to look at that, we take what's called an inventory quotient.
     
    [00:02:38.350] So we take a look at how many days it would take to sell everything that's out there at the current sales rate. The lower the number, the hotter the market.
     
    [00:02:47.000] So last year, under 250000 dollars, it was 72 days. This year, it's 92 days. So it would take an extra 20 days to sell everything that's out there so that it's become a slower market than last year, same time. The same holds true for all the other price ranges at 250 to five hundred thousand dollar homes last year with 60 days.
     
    [00:03:07.300] This year it's 72. And for luxury homes, last year, 260 days, this year 290. The difference between last year and this year will become even more pronounced in the condo section, as we're going to see right away.
     
    [00:03:20.740] Comparing last year to this year under 250000 dollars last year, we had 383 Condos available. This year, just 322. So that's about almost 20 percent less listings. Quarter million and up. Last year we had 312 available this year 290.
     
    [00:03:36.610] And looking at sales for condos under 250000 last year during the month of April, we

    • 8 min
    🏛Winnipeg Exchange District - 🚴‍♂️🚶🏼‍♀️ Living and Working 🎧

    🏛Winnipeg Exchange District - 🚴‍♂️🚶🏼‍♀️ Living and Working 🎧

    Living and working in Winnipeg's Exchange District. Interview with someone who knows!
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com
     
    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
    For your Apple Devices, click here to install our iOS App.
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    Check my videos on Youtube
    A few links: 
    Productivity & work-at-home resources Indie Author Weekly podcast @Saganlives on Twitter & Instagram   
    What's Winnipeg's Exchange District like? Let's talk to somebody who lives and works there. That's coming up next.
    [00:00:10.100] You're listening to the Bo Knows Real Estate podcast, tips and advice for homebuyers, buyers, sellers and owners with award winning Remax agent Bo Kauffmann.
    [00:00:25.860] - Bo Kauffmann - REMAX Winnipeg has a lot of fantastic neighborhoods, some well known like Osborn Village and Corydon Village, and another rapidly growing and expanding district is the Winnipeg's Exchange District. Now, some of you may know I've been publishing a blog for all going on 12 years now, and I've been publishing a podcast for about eight or 10 years.
    [00:00:45.270] - Bo Kauffmann - REMAX And a young lady by the name of Sagan Morrow has been writing articles for my blog almost from about 10 years ago. And I know she has a condo in the exchange district. So I went to her when I wanted to talk to somebody about life and work in that district. I reached out to her and she was more than willing to come on to the podcast. So by way of introduction, Sagan Morrow teaches busy, time crunched solopreneurs, how to build their own successful home based businesses without the overwhelm, through online courses and business resources at Sagan Morrow. com I'll have the links in the show notes. She specializes in productivity tips and action oriented strategic planning for multi passionate creatives. Sagan has over a decade of experience as a freelance writer and hosts the indie author weekly podcast. When she isn't teaching solopreneurs or doing freelance work for her own clients, Sagan likes to write romance novels. All right. So I'm here with Sagan, moral productivity strategist and author and Sagan that's been living in Winnipeg exchange district in a condo for quite a while.
    [00:01:58.440] - Sagan Morrow How many years, Sagan?
    [00:01:59.940] - Sagan Morrow It's been ten years now.
    [00:02:02.880] - Bo Kauffmann - REMAX And same place in a condo?
    [00:02:04.760] - Sagan Morrow Yes. Yes. I bought my condo. I lived. I lived in author and village briefly. And then in West Broadway. And then this is the first the first condo that I bought. It was the first place I ever even looked at when I was looking for a home. And I just fell in love with it immediately. And I bought it and I. I've been here ever since. I'm very happy here.
    [00:02:25.500] - Bo Kauffmann - REMAX Is it one of those, like I'm not asking for your address here, but is that one of these, like, warehouses that's been converted which what the exchange district is really known for?
    [00:02:34.230] - Sagan Morrow Yes, that's exactly what it is. You've got like exposed brick and all that. Yeah, OK. Very nice. All right.
    [00:02:42.000] - Bo Kauffmann - REMAX So you've lived in always the like he said Osborne Village and some of the other nice areas. What do you like about the exchange district?
    [00:02:48.630] - Sagan Morrow You know, it's been really wonderful to live here over the past 10 years and see how much the exchange has changed and grown and evolved over that time. It's been absolutely incredible to see how many more people are in the area. And I love it. It's such a cultural hub and that there are so many different things that you can do. And it's absolutely beautiful with all of these historical buildings. It's it's such a c

    • 10 min
    Aluminum Wiring in Your Home

    Aluminum Wiring in Your Home

    Why are insurance companies getting fussy about aluminum wiring in homes?  What home owners and buyers should know...
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
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    Bo Kauffmann 0:00
    Do you currently own or are looking to buy a home which has aluminum wiring? What's the big deal? We'll talk about that next.
    Unknown Speaker 0:10
    You're listening to the bone nose real estate podcast tips and advice for home buyers, sellers and owners with award winning REMAX Agent Bo Kauffmann.
    Bo Kauffmann 0:24
    You've probably heard that insurance companies are paying special attention to homes which have aluminum wiring. Well, what's the problem? Really, there isn't any problem. Aluminum is still being used today in industrial and commercial application. So for example, large warehouses, office buildings, industrial complexes and everything. It's being used today by companies because it's about a third the price of copper, a ton of aluminum right now costs about 1500 dollars US while a ton of copper costs well over $5,000 us and so it was that back in the 1960s a residential home builders thought They might have a better cheaper product on their hands. So you're looking at the prices of copper in 1962, they were about 30 cents a pound. And by 1966, they had more than doubled. So homebuilders, even though for for a single home, it might only be 100 or $200 difference, but if a home builder builds 234 hundred homes a year, it can add up.
    So they're looking for cheaper alternatives, and they settled on aluminum. Now like I said, What's the problem with aluminum? Well, there's no problem as long as it's treated correctly and upgraded correctly.
    And here's what happens. Let's say you have a 1970 bungalow that was built by a builder using aluminum wiring, they would have used aluminum switches, aluminum plugs, aluminum rated light fixtures, all those things are called devices by electricians. So all the devices that would hook into that house would be rated for aluminum.
    Now fast forward to 1995 as an example, the current owner of the home wanted to give it an update. So new paint, new floor. And of course, we're going to update the lights and why not update the switches and wall plugs to make them look more modern. So you go to Home Depot, and you find that a copper light switch is $1, whereas an aluminum rated light switch is $8. So what most people do well, they go with the cheaper stuff. And that's when the problem comes in.
    You'll have aluminum wiring, hooked into copper light switch, aluminum and copper, very dissimilar metals, they will heat and cool and shrink and expand at different rates. And over the years as this happens, they'll start to work themselves loose, causing corrosion and eventual sparking and that's what causes fires. Until a few years ago, insurance companies had grandfathered these types of homes. So if you owned a home for the last 20 years, insurance companies weren't bothering you. If you went out and bought a home then a new buyer would be required by insurance companies to get an inspection, electrical inspection with a certificate to show that they All the wiring is safe and has been treated properly. The devices are the right ones. And if they're not that they're at least hooked up in a correct way.
    That was until recently. However, now insurance companies are even sending letters out to owners of homes that are that are known to have aluminum, asking them to get an inspection before they get the annual insurance renewal. It's important to note that different insurance companies have different standards. With some of them, it's

    • 6 min
    Sanitizing Homes & Cars - New Product & Service

    Sanitizing Homes & Cars - New Product & Service

    Looking to disinfect your car and home.  Protect from Covid-19, and other viruses and germs?  New product and service available now
    For more real estate info, check my blog at https://blog.winnipeghomefinder.com

    Never miss an episode. Install our FREE Podcast App available on iOS and Android.
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    Sanitizing homes and cars. Introducing a brand-new product and service here in Winnipeg coming up next.
     
    You're listening to the Bo Knows real estate podcast, tips and advice for home buyers Sellers and owners with award-winning Remax Agent Bo Kauffmann.
     
    All right, so a couple of weeks ago friend mine who is the business development manager at Eastside Collision is name is Doug McGuffin reached out to me and told me about a brand new product that they are importing or bringing into Manitoba and they hold the sport for I believe western Canada. And it's a product that helps people disinfect their cars and it can be taken a step further. So let me introduce Doug Magoffin and let's find out more about it.
     
    All right, so I'm here with Doug  of East Side Collision and he's told me about a great new product that they got a hold of that helps sanitize, disinfect cars. Doug, tell me a little bit more about it.
     
    Yeah, for sure Bo thanks for having me. So we came across a new product. It's called Environize natural vehicle disinfecting and sanitizing service and what this is about is it's a new way for us to clean and sanitize your vehicle prior to it coming into the shop just to ensure everyone's safety. With the recent events of what's going on nowadays, everyone's health and safety is of utmost importance. So what we've done is we've taken it upon ourselves to ensure the safety of our clients and our staff. So we're going to be sanitizing every vehicle that comes into East Side prior for repairs.
     
    And after we return it back to the customer and what this product does it's a  fogging system that allows us to get into every nook and cranny inside a vehicle and the fogging machine will get in there with the solution our Environize solution and kill and destroy, in fact any of the harmful bacteria or viruses that may be in there. I kills everything like mold mildew, bacteria, viruses such as E coli, H1N1, covid. So everything that's out there nowadays if people are worried about this disinfectant cleaning will will take care of that.
     
    So that's awesome. So if somebody brings in their car for Auto Pack repairs, you said you're going to do it when the car first comes in and then you can do it at the end when the car goes back to the customer as well.
     
    Yeah, that's correct Bo. So we're going to bring it in we're going to disinfect it. It when it comes into the shop. So the safety of our of our technicians is going to be taken care of and then prior to releasing the vehicle back to the client after we've done our quality assurance test. The vehicle will be parked in our service Bay and it will be fogged One Last Time prior to us giving the vehicle back to the customer and all they do is they get in the car themself and drive it out the shop. So it is our version of a note touch service.
     
    Now I can think of a lot of different companies and services that could benefit just from having their cars done even without Autopac repairs. So I'm thinking police vehicles, ambulance, taxis, moving vans, anything like that. Do you offer this service to somebody who is not going through an autopac claim?
     
    Yes Bo. That's a very good question. We have had a number of people inquired about that have their own their secondary Vehicles whether or not they can have this service done. So there is a need for this and there are people that are interested in it. So for yo

    • 8 min

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