Real Estate Blog

 

August 2020 sales up 41.85% from August 2019!

September sales up 40.07% from September 2019!

My apologizes for falling behind on the market reports!

August Update:

August's residential sales of 461 were down from July's total of 550, but were still up 41.85% from August 2019 which saw 325 units sell!

- 203 of the 461 were in the price range between $200,000 - $349,999 (44%)

- $200,000 - $299,999 had 116 units sell

- $300,000 - $349,999 had 87 units sell

For more details on these stats, compiled by the Saskatoon REALTORS® Association click here.

What is selling the most; Single Detached? Townhouses? Apartment style condos?

- Of the 461 sales in August, 346 were single detached (75.1%)

 

- 62 were Semi Detached

669 Views, 0 Comments

The real estate market may be booming in Saskatoon right now, but if you're not quite ready to sell just yet—that's okay! While many people might think that listing in winter will mean fewer buyers and less interest, that doesn't always have to be the case. And by following these 5 prep tips, you can make selling your home in winter a breeze!

43 Views, 0 Comments

The real estate market may be booming in Saskatoon right now, but if you're not quite ready to sell just yet—that's okay! While many people might think that listing in winter will mean fewer buyers and less interest, that doesn't always have to be the case. And by following these 5 prep tips, you can make selling your home in winter a breeze!

132 Views, 0 Comments


July Tops June!

June had 515 residential properties sell, that is an average of 17.17 per day. As of July 18th there were 284 residential sales, an average of 15.78 per day. July is on pace for 489 sales.

Update:

July's residential sales end up at 550! That is the highest monthly sales in the past 10 years!

The average sales price in July 2020 was $350,458, July 2019 was $331,757

Does that mean house prices are up? You have to look deeper into the stats. 

Good House are Selling!

64 of the 284 houses that sold in July sold in the first 14 days of being listed (22.5%)

112 sold in the first 21 days of being listed, 39%!

What type of property is selling the most? Single detached houses, 203 of the 284 were single detached, 71%

2,270 Views, 0 Comments

Whether you’re planning on buying a home or selling your property, staying up to date on your local real estate market is essential in any housing transaction. And I’m not just talking about watching for other new listings and recent sales in the neighbourhood. While those are important market indicators to watch, more pertinent data that can give you a clearer picture of current trends can actually be found in market statistics released in reports every month.

Reading these statistics, however, can feel a bit like reading an astrophysics equation if you’re not sure what they mean. It may seem like a jumble of words and numbers that you know are supposed to make sense...but they don’t. Luckily, you don’t need to understand them all. And the few that

36 Views, 0 Comments

 

10) Timing:

Spring is typically the best time of year to sell a house. Looking at the chart below, you can see that May has the most sales in Saskatoon, except for 2020, of course. (And we all know what is happening this year!)

Depending on your situation, though, you might not have the luxury of selling in May. But here in Saskatchewan, it is the time of year makes the most sense. This gives you the opportunity to have an end-of-June possession for both the house you're selling and the one you're buying. It also means you won't disrupt the school year and, if you time it right, you also won't lose out on too much of your summer vacation time either!

Now, this isn't to say your house won't sell at any other time of the year, but the

1,447 Views, 0 Comments

 

WEEKLY UPDATE

DURING COVID-19

Housing sales still strong in July!

June had 515 residential properties sell, that is an average of 17.17 per day. As of July 18th there were 284 residential sales, an average of 15.78 per day. July is on pace for 489 sales.

Good House are Selling!

64 of the 284 houses that sold in July sold in the first 14 days of being listed (22.5%)

112 sold in the first 21 days of being listed, 39%!

What type of property is selling the most? Single detached houses, 203 of the 284 were single detached, 71%

What price range is selling? 119 single detached homes under $400,000 sold in July, 42%

There are currently 466 single detached homes for sale in Saskatoon, 297 have been on the market for over 21

525 Views, 0 Comments

If you’re talking about farmland in Canada, Saskatchewan is without a doubt one of the first places that comes to mind. With vast prairies spanning hundreds of thousands of acres, it’s the perfect province to find a farm for sale and start your agricultural journey. No matter if you’re hoping to farm crops or cattle, in north or south Saskatchewan, you can find a plot of agricultural land right here to get you going! When searching for the perfect farm, though, you’ll want to keep the following in mind to ensure you get the right fit for you:

Can You Afford to Buy a Farm?

Buying a farm may seem as simple as buying any other real estate, but unlike buying a home, it’s not as simple as paying the down payment, securing the mortgage, and setting

208 Views, 0 Comments

Moving is a natural part of everyone’s life cycle, and if you’re a homeowner, selling your house is an essential part of that process. When the time comes to sell your home, you may find yourself questioning whether or not you want to list with a REALTOR®. Here are some reasons why you should:

1) Custom Marketing Plan

There is so much more that goes into selling your home than just putting the sign on the lawn and calling it a day. First, you’ll need to figure out what your home is worth in today’s real estate market. Then, you’ll need to come up with a strategy on how to market it effectively so buyers can understand that valuation. As you may have guessed, this is no easy feat!

By selling your home with a REALTOR®, not only will you be able

564 Views, 0 Comments

 

 

Often having the most appealing listing prices, foreclosed homes for sale are some of the most popular properties on the market. Whether you’re a young couple interested in flipping or an experienced investor looking for new property to add to your portfolio, foreclosures are a great place to get started. But, while the price tags may be drool-worthy, there are some things to know before buying foreclosed homes that may have you reconsidering your appetite. 

What Are Foreclosures?

First and foremost, the most important step to buying foreclosed property is understanding exactly what it is and how the listing price makes any sense at all.

Foreclosures are properties that the mortgage lender has taken possession of after the lender

216 Views, 0 Comments