May 2020

Found 22 blog entries for May 2020.

 

SASKATOON REAL ESTATE REPORT

WEEKLY UPDATE

DURING COVID-19

In this report I will update the weekly stats for Saskatoon as well as the running stats during covid.

If you want to know where our housing market was before covid-19 click here.

This will eventually turn into live report!

 

Sales up again, 42%! 

Sales are up 42% from the week before and new listings were down 1.5%. Agents and buyers are telling me that good properties are moving quickly. One agent I spoke with told me a few of his listings were priced at the "top of the range" and sold for list price. 

What is causing this rise in sales? There were a group of buyers looking to buy in March and April, then the world hit the pause button and we all stayed in our

387 Views, 0 Comments

Earlier this year, with the statistics forecasting our best year yet, no one could have imagined the impact of COVID-19 on the Saskatoon real estate market. Self-isolation and social distancing were things we had never even dreamed of and they quickly became our reality without much warning. Soon after, the market slowed dramatically, leaving both buyers and sellers worried what the future would hold. 

Luckily, though, the warmer weather brought with it a sunnier outlook, and as recoveries continue to rise, so do sales. This means, if you’ve been toying with the idea of selling your home in 2020, this summer is a fantastic time to do so—and here’s why:

#1 - Awesomely Low Interest Rates

With the current economic climate in the state that it is

223 Views, 0 Comments

 

If it's not compelling......It's not selling!

What defines compelling? There are numerous factors that determine whether a house is compelling.

1) Location

2) Price

3) Style

4) Lot size

5) Condition

6) Competition

7) The Market

I am going to use my "Dented Tin" analogy to explain my theory.

Let's say shoppers need to buy a tin a crushed tomatoes, There are "Normal" tins and a few dented tins to choose from, do they choose the dented tins? No, not unless they have been marked down! Even though it's the same product inside! Let's take this a step further, No Name tomatoes and Brand Name tomatoes, more than likely the same tomatoes inside. (I knew someone that worked for Kraft Foods back in the 90's. He told me that

175 Views, 0 Comments

Did you know that multitasking is really a bunch of bullshit? I mean, it sounds like a cool word but let’s be honest, our brains just aren’t wired like that. What they are wired to do, though, is time-share.

The reality is, our brains can only actively think about one task at a time. So you focus on one task, then another takes its place—just like vacationers occupying a time-share property. The shift is so fast that you may not even notice that you're only doing one thing at once. You feel like you're multitasking, but what you are actually doing is time-sharing.

Pretty cool right?

Well...yes and no.

With the false hope that we are capable of multitasking, we fill our days with an endless list of tasks, tricking ourselves into believing

902 Views, 0 Comments

 SASKATOON REAL ESTATE REPORT

WEEKLY UPDATE

DURING COVID-19

In this report I will update the weekly stats for Saskatoon as well as the running stats during covid.

This will eventually turn into live report!

 

Does "Saskatoon Home Sales up 55%" sound like a "Seller's Market"?

It's not! The truth is, during the week of May 4th - May 10th there were 49 home sales in Saskatoon.

The week of May 11th - May 17th there were 76 homes sell, up 55% from the week before.

It doesn't mean there is a Seller's market, it just means that people are becoming more confident leaving their homes. This is an example of "Economy Delayed", there were a group of home buyers that were looking to buy before the Covid-19 shutdown. I would speculate

497 Views, 0 Comments

In the season of social distancing and staying at home, COVID-19 has impacted our economy harder than I believe any of us could have ever imagined. Stocks plummeted, gas prices reminded me of my teenage years, and travel is quickly becoming more and more of a distant memory. On the other hand, though, sports and fitness companies have seen more activity than ever and toilet paper has officially become a new currency!

With so many parts of the economy impacted in vastly different ways, it’s hard to know how every market is doing. So it only makes sense that one of the most common questions I’m getting right now is about how real estate has fared throughout all of this. And, let me tell you, it’s been a bit of a rollercoaster.

COVID-19’s Impact on

682 Views, 0 Comments

SASKATOON REAL ESTATE REPORT

Since social distancing measures were put in place there have been a lot of different opinions on what will happen to the housing mar during covid-19, most of them negative.  The reason mainstream media and social media have a lot of negativity Is economically based, research has shown that negative stimuli elicit a larger brain response than positive ones, if you want to market to people what do you need?....Their attention!

In this report I will look at the housing market before covid-19 , where was the market in Saskatoon? I will monitor the market during covid-19 to keep readers up to date on where the market is and speculate on where it is going. I will provide a weekly update that will contain weekly stats as well

1,275 Views, 0 Comments

With each listing I create a love story about the home – the amazing memories and experiences you could have within those four walls as well as highlights of the street and area.

I provide this service free of charge and feel incredibly honoured to captivate what you liked and loved about your home because ultimately, all the reasons you fell in love it - buyers will too. The power of video is great story telling with attention to detail, subtle sounds and making the imagery come alive with movement. All with the goal of evoking a certain emotion within someone that comforts them as though they were being wrapped in a warm blanket.

While this is important for clients selling acreages or recreational properties where a buyer might not necessarily

203 Views, 0 Comments

PEACEFULNESS PERSONIFIED -  If you’re looking for a stunning home with spectacular river views then you don’t want to miss out on this oasis at Saskatchewan Landing Provincial Park! This incredible year-round home built in 2001, is just shy of 1,600 sq. ft. & every inch of lovely living space spanned out over 2 levels – is beautiful & has been well maintained. Considered the ultimate traditional executive-family home – there are 3 bedrooms, 3.5 bathrooms & a 2 car attached garage to store away all your little extras. The kitchen is perfection & offers an abundance of cabinetry as well as scenic views as you have your morning coffee. Savour the home’s exquisite natural light that pours into both the living room & front sitting area. With a flawless

125 Views, 0 Comments