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

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%

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

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

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

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

Curb appeal is one of the most important selling factors for a home. It’s the very first impression potential buyers ever have, and it can even be the make-or-break factor that decides whether they even step inside the door at all. That’s why, if you’re planning on selling your home, it should be one of the first places you focus your home-staging efforts to ensure a quick and seamless sale!

Give It a Good Clean

Dirt and grime on the exterior of a home very rarely accumulate in just one day, so it’s easy not to notice the subtle build-up over time. To us, it may not necessarily feel unclean because we saw it just yesterday and it looked just the same! But to a potential buyer, that slightly “off” tinge can stick out like a sore thumb. 

Take a

With the average home in Saskatoon being around $350,000, saving for a down payment can seem like quite the mountain to climb! With a minimum of 5% required, that means you’ll need an average of at least $17,500 to get started—you could buy a brand new car for that! So, where do you begin?

If you’re thinking about buying a home, here are some simple strategies to help you save up for your down payment quicker: https://www.kentbraaten.com/blog/5-strategies-to-save-for-a-down-payment-quicker.html

One of the best things about buying a home is no longer waiting on a landlord to fix any issues that may come up in your living space. On the other hand, one of the worst things about owning a home is that any issues that do arise on your property are entirely your responsibility. That’s why, when you become a homeowner, one of the most important things you need to do is familiarize yourself with the most common tasks you may need to complete should an issue ever arise. Here are some of the top contenders:

1) How to Shut Off Your Water

Water damage can be one of the most costly repairs you may encounter as a homeowner. And knowing how to stop it before it gets out of hand may just be the difference between a few minutes with the mop and a

From the day that you move out of your family house, you dream of the day when you finally stop paying rent and buy your first home. But, as you may have discovered, buying a home is not quite as simple as it seems! There is a lot to consider when deciding whether or not to make the move into homeownership.

By buying a house, you’ll be taking on all the pros of being a homeowner versus a renter. But you’ll also be taking on quite a bit of responsibility and giving up on some of the advantages that come with being a tenant. That’s why, before you start your home search, it’s important to weigh the pros and cons of both renting and buying to decide whether or not you’re ready to become a first time homeowner.

Should You Buy or Rent: The Pros &