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THURSDAY, APRIL 28, 2022 • YOUR HOME YOUR WAY • THE BRANDON SUN Growth in Brandon’s real estate market fuelled by pandemic BY JOSEPH BERNACKI
Murray explained home- owners in Brandon are con- tinuing to drive up sales from 2020 and bidding wars are becoming a more com- mon sight, a mere day or two after properties are listed on the market. She said bid- ding wars that have caught fire in Winnipeg since the start of the pandemic, are quickly making their way to Westman properties. “There are some price ranges that we’re definitely lacking in inventory so we are seeing that multiple of- fer situation,” Murray said. “We haven’t seen this in
Brandon to this extent in a long time.” She said in recent months, single family homes in Brandon priced under $200,000 remain in higher inventory. Anything priced over $250,000 however seems to be in low inven- tory. The realtor said even higher end homes priced at $450,000 and up are selling at top dollar amounts. “We sort of had the per- fect storm,” Murray said. “We had people in lock- down so people weren’t traveling anymore, young people that used to save
money for their weddings, are now buying real estate, which isn’t a bad option. That’s a good investment. All of these things play into the market.” From 2020 to 2021, the average sale price of sin- gle-family homes in Brandon has increased four per cent, from $292,024 to $303,430. Over that same time, Murray said there has been a 14 per cent increase in the number of single-family homes sold, from 579 in 2020 to 673 in 2021.
Real estate sales are con- tinuing a frantic trend in Brandon home ownership according to one realtor, who said business remains on the steady up and up. “I’ve been in real estate for 16 years and this is prob- ably the first time I’ve seen this to that extent that’s for sure,” said Marlee Murray, a Royal LePage realtor and president of the real estate board for Brandon Area Re- altors. After the first year of the COVID-19 pandemic,
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