July 2020

Found 7 blog entries for July 2020.

 

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

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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

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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

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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

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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

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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!

New listings up last week! 12 more than the week before. Sales down again, 2 less than the previous week.

Good House are Selling!

The average days on the market (the time it takes for a house to sell once it has been listed) for the time period Jan. 1 2020 to the end of June 2020 is 103 days. The market has been "hot" ( houses are selling quickly) since the start of May, yet the average days on the market for May and June is 90, how can that be? You have to look deeper

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