December 2020

Found 8 blog entries for December 2020.

Have you taken the time to browse through the listings in Saskatoon?  If you have, you may have noticed a lack of options available, especially homes ranging in price between $300,000 and $500,000. It’s all thanks to the seller’s market that we are currently experiencing!  

Seller’s Market vs Buyer’s Market vs Balanced Market

Understanding the difference between a seller’s market, a buyer’s market, and a balanced market is important no matter if you’re buying a home, selling a home, or trying to do both at the same time. 

A seller’s market signals that there is more demand for homes than there is supply.  A buyer’s market, on the other hand, happens when there’s ample supply but less demand. In a buyer’s market, not only is there more

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If you’re at all interested in economics, supply and demand, or market behaviours, the past 9 months will likely have intrigued you. It was almost like the boomer effect, only this time it would be more aptly named the “pandemic effect”—a storm of supply shortages, making it hard to find a wide variety of things, ranging from toilet paper to RV’s.

Many who were lucky enough to make the transition to working from home in March were buying up all the computers and laptops, while others were hoping to find a new gaming system to use while they were stuck at home with nothing to do. There were so many home renovation projects happening this spring that the price of lumber was the highest it’s been, ever. And the warmer weather created a wave of people

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Wide open spaces. Views as far as the eye can see. Fresh air. Peace and Quiet. These may be some of the main reasons why owning a rural property appeals to you, and it’s an amazing dream, though it’s not without its pros and cons. But if after weighing the odds, it’s finally time to start hunting for that perfect piece of land, here are some tips to consider along the way:

Avoid Buying Land Without a REALTOR®

You’re more likely to find suitable land when you work with a qualified real estate agent who has experience with buying and selling lots, acreages, and farmland. An agent who keeps their finger on the pulse of land in your area will let you know the moment something new hits the market, and their experience will be invaluable when

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Will sales of vacation properties in Saskatchewan

be as hot as the residential housing market?

 

Check out this beautiful lakefront property for under $400,000!

The answer?

It's already happened!

Vacation property sales in Saskatchewan went from 291 in 2019 to 459 in 2020, that's an increase of 57.7%! If you are wondering about 2015-2017, we only started tracking these sales in late 2017!

Did the average price go up as well? This chart shows us that the average price went up 10.7% from 2019 to 2020, this is for all of Saskatchewan.

 

 

This chart shows Emma Lake, were the average went up 29.7% from 2019 to 2020!

Obviously, the more popular the lake or the location, the higher the price has gone up.

   

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November 2020 sales 47.33% higher than November 2019!

 

November Update:

November's residential sales of 358 were down from October's total of 430. They were up 47.33% from November 2019 which saw 243 units sell!

- 158 of the 358 were in the price range between $200,000 - $349,999 (44.1%)

- $200,000 - $299,999 had 108 units sell (30.1%)

- $300,000 - $349,999 had 50 units sell (14.0%)

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 358 sales in November, 247 were single detached (69.0%) Down from 74.2% in October

 - 50 were Semi Detached (Townhouses, 1/2 duplex)  (14.1%) Up from 13.0% in

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Born and raised in Saskatoon, Andrew spent 30 years travelling the world with food & beverage industry. Now, though, he works hard each and every day helping Saskatchewan families find their dream home as a trusted, knowledgeable Saskatoon REALTOR®. Though you'll usually find him busy helping his clients and staying up to date with the latest real estate market trends, he took a few minutes to share a bit about himself with us:

What’s your favourite part about being a REALTOR®?

It’s something new every day, it’s a challenge and I learn so much. It’s never the same thing and as technology has moved up, there’s something else to learn in the real estate market.

Tell us a little bit about yourself.

I was born and raised in Saskatoon. I have

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There are many reasons why you may be in the market for a home security system right now. Maybe it’s a new family member or a new home in a new neighborhood. Maybe your existing system isn’t as secure as you would like it to be or you’ve just been thinking about getting one. Whatever the reason, there are a lot of options to choose from and with numerous advancements in the home security field, you may be wondering where to start. I’ll break down some key points to consider while making this important decision:

Where to Start When Considering a Home Security System

There are thousands of home security options, from big national brands with multiple monitoring centers to DIY systems you can watch from your smart device. Professional service

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Living in a city is great. Out of milk? The solution is simple with a quick run to the grocery store. Want to spend a night out and not worry about a ride home? A cab is just a phone call away! Many young people are drawn to city life for the convenience that it offers and so their journey into adulthood usually, but not always, begins in a city setting.

But perhaps as you grow older, and as the city of Saskatoon and its surrounding suburban communities continue to grow, you find yourself wishing for some peace and quiet, and the freedom that comes with not having to worry about the neighbors. It’s the pull of simplicity and the dream of having space to do what you want, when you want.

Those idealistic wishes may have you, like many others,

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