Southboine, Winnipeg - August 2026 Real Estate Report

Southboine Real Talk: Your Home Is Worth More Than the City Thinks

The Vibe Right Now

If you live in Southboine, you already know this neighbourhood punches above its weight. Prices here are sitting in the top 12 out of 185 neighbourhoods across Winnipeg. That is not a typo. This is one of the priciest pockets in the city, and the numbers back it up.

Houses - What Is Actually Happening

The house market in Southboine is taking a small breather. The average HonestDoor Price sits at $738,069, down about 1.17% from last period. But here is the thing - the predicted market value for houses is $746,799, and that number is climbing. It is up from the 3-month moving average of $723,479. So the short-term dip looks more like a pause than a slide.

• Average HonestDoor Price: $738,069
• Predicted Market Value: $746,799
• Recent Value Change: up 4.48%
• Average Sale Price: $784,000
• Average Listing Price This Month: $499,900
• Price Per Square Foot: $367
• Homes Selling At: 93.92% of list price
• Average Days on Market: 31 days
• Estimated Monthly Rent: $3,396
• Rental Yield: 5.19%

Buyers are negotiating - homes are selling at about 94 cents on the dollar. That means if you are listing, pricing sharp matters more than ever. The good news is that growth rank of 18 out of 193 neighbourhoods puts Southboine houses near the top of the Winnipeg leaderboard. Most of the city is watching from behind.

Days on market rank is 30 out of 71, which means houses here move at a moderately quick pace. Not flying off the shelf, but not sitting either.

Condos - A Different Story

Condo data in Southboine is a bit of an outlier, and we want to be straight with you about that. The HonestDoor Price average for condos is $4,615,006 - up 2.68% - which reflects a very small, high-value sample. With only 1 transaction recorded in 2026, this is a thin market. Take the condo figures as directional, not definitive.

• Average HonestDoor Price: $4,615,006
• Predicted Market Value: $4,494,563
• Average Sale Price: $579,700
• Price Per Square Foot: $380
• Estimated Monthly Rent: $11,460
• Rental Yield: 1.44%
• Price Rank in Winnipeg: 5 out of 123 neighbourhoods
• Growth Rank: 78 out of 175 neighbourhoods

The condo rental yield of 1.44% is modest. If you own a condo here and are thinking about renting it out, the math is not as compelling as it is for house owners, where the 5.19% yield is genuinely strong.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment

Here is the honest truth. Your city assessment is a snapshot taken months - sometimes over a year - before it lands in your mailbox. The market does not wait for paperwork. The HonestDoor Price updates in real time, pulling from actual sales, current listing activity, and neighbourhood trends. Right now, with house values up 4.48% recently and the predicted value climbing past the 3-month average, your city assessment is almost certainly behind the curve.

If you are making any financial decision - refinancing, selling, even just figuring out if your insurance coverage makes sense - use the HonestDoor Price as your real-world check. It is the number that reflects what a buyer would actually write on a cheque today, not what a government formula calculated last year.

Southboine also ranks 18th out of 193 Winnipeg neighbourhoods for growth. That is a top-10% finish on the city leaderboard. Your assessment does not reflect that momentum. Your HonestDoor Price does.

The So What - Thinking About Selling This Summer?

If you are a house owner in Southboine and you have been on the fence about listing, here is the straight talk.

• Buyers are active but negotiating - expect offers around 94% of your list price, so price it right from day one
• The predicted value of $746,799 is trending up from the 3-month average, which means momentum is on your side heading into summer
• Your neighbours in Betsworth, Westwood, and River West Park are all priced lower - buyers who get priced out of Southboine do not disappear, they just look harder
• A 5.19% rental yield means if your home does not sell immediately, renting it is a genuinely solid backup plan
• 31 days on market is reasonable - set expectations accordingly and do not panic if you are not sold in week one

The short version: Southboine is not a market that is running hot and reckless, but it is holding real value in a city where most neighbourhoods would love to be ranked where we are. If you are selling this summer, go in with accurate data, price with confidence, and know that the fundamentals here are working in your favour.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.