Property Updates

Found 38 blog entries about Property Updates.

 

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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2019 ends on a positive note, with strong residential sales throughout several markets.

Saskatoon

The Saskatoon residential housing market finished off on a positive note with yet another strong month of sales in December.

In the city of Saskatoon, there were 203 sales in 2019, up 24.5 percent from 2018 where 163 sales were recorded. Sales volume also increased by 8.3 percent from $55.2 million in 2018 to $67.8 million despite a slight decrease in the average home price of 1.4 percent from $338,471 to $333,857.

The region also saw increases over last year with 49 sales up from 43 – an increase of 14 percent. Sales volume rose 10.4 percent over last year from $13.6 million to $15 million, while the average price fell 3.2 percent to

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2019 ends on a positive note, with strong residential sales throughout several markets.

Saskatoon

The Saskatoon residential housing market finished off on a positive note with yet another strong month of sales in December.

In the city of Saskatoon, there were 203 sales in 2019, up 24.5 percent from 2018 where 163 sales were recorded. Sales volume also increased by 8.3 percent from $55.2 million in 2018 to $67.8 million despite a slight decrease in the average home price of 1.4 percent from $338,471 to $333,857.

The region also saw increases over last year with 49 sales up from 43 – an increase of 14 percent. Sales volume rose 10.4 percent over last year from $13.6 million to $15 million, while the average price fell 3.2 percent to

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Located on a corner lot along a quiet street, fall in love with this sophisticated bi-level modified home that is cozy yet modern. With more than 1,300 sq. ft, the home features 4 bedrooms, 3 bathrooms, a fully developed basement and sleek main level that is flooded with natural light. You can also entertain with ease on the 2-tiered back deck or watch the little ones play in the oversized yard. The home is within walking distance to Walter Aseltine Elementary School and was built in 2009.

For more information on this listing, feel free to contact me!

 

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The Property Condition Disclosure Statement (PCDS) discloses what sellers know about their property, mostly through a questions and answers format.  The buyers then view the disclosure and becomes better equipped to determine if the home is worthy of further interest.

The disclosure covers major items prudent buyers should be concerned with, such as history of fire, insects or rodent problems, water seepage issues, toxic substances such as asbestos or formaldehyde, structural issues such as basement foundation cracks, construction permit history, plumbing and electrical issues, attached equipment issues (i.e. furnace, dishwasher) and much more.

PCDS and Saskatoon Real Estate

Most listed properties will include a PCDS, however in Saskatchewan

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With several rental properties or an apartment building full of tenants, having a property manager can make your business run more smoothly. However, you will need to make you that you hire the right service so your investments don’t fall into the hands of someone incompetent.


One advantage of using a property manager will free up your time, allowing you to expand your business and future investments. A downfall for this makes your business seem less personal about tending to renters’ requests. When you have a property manager, there is a middleman to take care of these needs.


Having more free time is a major advantage. Many people who manage real estate are always short on time since there are never enough hours in a day. A property

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Once you have a property ready to be rented, the obvious next step is to find the right tenants.  You want to make sure they’re responsible, pay their bills on time, and take good care of your property.  This can be anywhere from keeping trees and the lawn trimmed to not ruining walls and floors.

As a landlord, you have a right to look into a potential tenants background to ensure they have not been evicted from a previous residence due to lack of payment or misconduct.  You can also check credit history to make sure the tenant will be able to make payment. Think about the questions you were asked when you rented places and the process you had to go through.

Depending on the area of your rental property, there will be certain things to

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