Southland Park, Winnipeg - July 2026 Real Estate Report

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

If you own a home in Southland Park and you're still going off your last city assessment, you're probably leaving money on the table - or at least working with a number that doesn't reflect what's actually happening on your street right now.

The Vibe: What's Going On With Houses and Condos

The two sides of our market are telling very different stories this month, and it's worth paying attention to both.

Houses - Taking a Breather

Let's be straight with you. The house market in Southland Park is cooling off a bit. The average sale price came in at $558,800 this month, which is down 7.3% from last month. Only 1 house sold, and that's down 50% from the month before. That said, homes are still moving - 14 days on market is not a long wait by any stretch.

• Average sale price: $558,800
• Average list price this month: $564,900
• Price per square foot: $372
• Sale-to-list ratio: 98.92% - buyers are getting a slight edge
• Average days on market: 14
• HonestDoor Price: $602,899 (up 0.30%)
• Predicted market value: $601,070
• Estimated monthly rent: $2,937
• Rental yield: 5.44%

On the neighbourhood leaderboard, Southland Park houses rank 46 out of 185 for price in Winnipeg - that puts us solidly above average. Growth ranks 79 out of 193, which is above average territory. And for how fast homes sell, we rank 14 out of 67 - that's a moderately fast market, not a sluggish one.

The 3-month moving average for predicted value sits at $613,567, and the current predicted value of $601,070 is trending slightly below that. So yes, we're in a bit of a dip - but the fundamentals here are still solid.

Condos - A Different Story Entirely

If you own a condo in Southland Park, your market is actually running hot right now. One condo sold at $509,300 - and here's the kicker - that's 107.24% of the list price. Buyers are paying over asking. That's a sellers' market, full stop.

• Average sale price: $509,300
• Average list price this month: $474,900
• Price per square foot: $407
• Sale-to-list ratio: 107.24% - sellers are winning
• Average days on market: 11
• HonestDoor Price: $468,713 (down 2.62%)
• Predicted market value: $481,326
• Estimated monthly rent: $2,450
• Rental yield: 3.87%

On the leaderboard, condo owners here should feel good. Growth ranks 23 out of 190 in Winnipeg - that puts us among the top performers in the city. Price ranks 9 out of 121 - we're among the most expensive condo markets in Winnipeg. And days-on-market ranks 10 out of 55 - condos here are selling very fast.

The predicted value of $481,326 is also trending up against the 3-month moving average of $475,193. That's a good sign for where things are heading.

The Secret Sauce: Why Your HonestDoor Price Matters Right Now

Here's the thing about city assessments - they're snapshots from the past. By the time that number lands in your mailbox, the market has already moved on. The HonestDoor Price is updated in real time, pulling from actual sales data and current market signals. It's the real-world check against a static government number.

For houses in Southland Park, the HonestDoor Price is $602,899. The city's assessment almost certainly doesn't reflect that. For condos, it's $468,713 - and with condos selling at over 107% of list price right now, the actual transaction value is running even higher than that.

If you're making any financial decision - refinancing, selling, even just figuring out your net worth - use the HonestDoor Price as your starting point, not a number from last year's assessment cycle.

The So What: Should You Sell This Summer?

It depends on what you own.

If you own a condo, the timing is genuinely good. Buyers are paying over asking, properties are gone in 11 days, and we're ranked near the top of Winnipeg for condo growth. If you've been thinking about it, this summer is worth a serious conversation with your agent.

If you own a house, the picture is a little more nuanced. Prices dipped this month and buyers are getting just under list price. But 14 days on market is still fast, our price rank is above average for the city, and the HonestDoor Price at $602,899 is holding steady with a 0.30% gain. This isn't a market in freefall - it's just taking a breather. If you need to sell, you can still get a strong result. If you can wait a few months to see if the dip corrects, that's a reasonable call too.

Either way, the smartest first move is knowing your real number. Check your HonestDoor Price at honestdoor.com before you do anything else.

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.