Congratulations to my Newest VIPs’ Calvin and Andrea!
It’s considered one of the ultimate accomplishments of any SRS® RENE Realtor to achieve a fair market value, full price sale within a short time frame; a feat very difficult to achieve, especially in a buyers market. Being you were a total blast from the past that reached out for my help, it means even more to be able to accomplish this ultimate achievement for you within 48 hours of listing your property.
Thank-you so much for choosing me to be your Seller Representative Specialist. Representing you gave me the opportunity to return the favor of honest unconditional kindheartedness, of which you bestowed upon me decades ago when I was but a wayward teenager; I sincerely Thank You for your trust, respect and friendship. I am so glad to be reconnected with you. Always here if you need me, I wish you all the best moving forward. God Bless.
Sales rise 16 per cent from same month of last year Saskatoon
A hot, dry May brought a warmer market for Saskatoon home sellers, as sales rose 16 per cent over the same month of 2018.
City sales came in at 422 units, up from 363 last May and 420 the year before, the Saskatoon Region Association of REALTORS® (SRAR) reported Monday. Sales are also up 10 per cent year-to-date at 1,469, up from 1,342 and 1,450 in the last two years.
“Sales have rebounded significantly this year, in large part due to an increase in condo sales,” said Jason Yochim, CEO of SRAR. “Condo sales are up almost 21 per cent over a year ago. Prices have been coming down, and they are very affordable compared to most housing types.”
Year-to-date, 449 condos have sold, as compared to 372 last year. Over the same period, single family home sales rose six per cent to 1,292, up from 1,215 last year. In May, single family home sales were up 13 per cent from last May.
As sales rose, unit listings fell three per cent to 911 in May, down from 942 in 2018 and 1,031 the previous year. Year-to-date listings are also down three per cent; so far, 3,422 homes have been listed to the Multiple Listing Service (MLS) as compared to 3,536 last year and 4,055 in 2017. T
he higher sales resulted in a 17 per cent dollar volume increase over last May to $140.7 million, up from $120.5 million. That’s despite a two per cent drop in the average selling price, which fell to $329,595 from $334,651.
“I suspect first-time home buyers have been very active this spring based on the condo sales,” Yochim said. “When lower-priced homes sell, it has a downward effect on the average price.”
In Saskatoon and region, including communities such as Warman, Martensville and Dalmeny, sales rose 14 per cent in May to a three-year high of 561 units. Listings fell seven per cent to 1,386, down from 1,485 and 1,553 in the previous two years. Dollar volume rose 12 per cent to $181.3 million from $162.3 million last year. Yochim said, “The sales to listing ratio was 46 per cent in May, which is approaching a balanced market.
”In the surrounding region excluding the city, dollar volume was down 13 per cent to $31.5 million from $36.3 million. Listings fell 20 per cent to 317, after two years at about 390, and sales rose eight per cent to 113, up from 105 last May.
The average selling price fell 19 per cent, however, to $279,095, after posting $346,130 last May. Year-to-date, the surrounding region has seen a three per cent decrease in dollar volume at $120 million; a three per cent drop in listings, to 1,344; and unit sales of 421, up nine per cent from last year.
As of the end of May, buyers had 3,164 listings to choose from in Saskatoon and area, unchanged from last year. Of those, 1,938 are in the city proper (down from 2,001 last May) and 1,126 are in surrounding towns and regions (down from last year’s 1,164). “We’re finally seeing some stabilization in the housing market, which has been in buyers’ market territory for some time due to oversupply and lower consumer confidence,”
Source: June 2019 SRAR News Release
It can be tough to make the decision to sell. In fact, for many homeowners, it's overwhelming. If you're considering making a move and struggling with the decision, here are five helpful questions to ask yourselves:
1. "What are our practical reasons for selling?"
This question refers to what you'll get by moving to a new home. The reasons could include a bigger backyard, shorter commute to work, an extra bedroom, a more desirable neighbourhood, etc.
2. "What are our emotional reasons for selling?"
This question refers to how you'll feel about living in a new home. For example, you might feel safer, less cramped, less worried (because the local schools are better), or happier (because the shorter commute means more time with your family.)
3. "What type of new home can we afford?"
This question involves finding out how much you'll likely get when you sell your existing home and how much of a mortgage you qualify to receive. With that information, you'll have a price range within which you can comfortably shop plus a clear idea of what your mortgage payments will be.
4. "In what ways will our lifestyle be better in a new home?"
This ties in closely with emotional reasons for selling. It relates to what your life will be like in a new home. Try to paint a picture in your mind. For example, you might want to be able to spend Saturday afternoons relaxing in your bigger backyard or Sunday nights entertaining friends and family in your larger living room.
5. "What else do we need to know before we decide to sell and move?"
Sometimes people are hesitant about selling simply because they have unanswered questions. So, if there's any part of the selling and buying process that’s not clear, be sure to ask me.
Did thinking about these questions help make the decision easier? If you need more help or want to talk about your decision, call today!
On moving day, you'll have a big task. You’ll need to get your possessions from your old property to your new one — ideally without delays or damage! Surprisingly, many people underestimate the time and costs involved in doing that. Careful planning and budgeting are crucial to ensuring moving day goes smoothly.
You basically have three options:
1. Hire a moving company to handle everything.
2. Hire a truck and crew, while doing some of the work yourself. (For example, you can pack and help with loading.)
3. Do it all yourself by renting a moving van and getting friends and family to help.
If you're going with option one, get quotations as early in the buying/selling process as possible. Services, costs and quality vary widely among full service moving companies.
If you're going to do some or all of the move yourself, the best place to start is by making a list of what you'll need. In addition to renting a moving van, or hiring a truck and crew, there are many supplies you may require. For example, you’ll need boxes, protective fill and/or wrapping (i.e. bubble wrap), markers for labeling boxes, packing tape, and more.
You may decide to rely on friends to help load the truck on moving day. That's fine. Just be sure you have enough people to do the job within a reasonable time frame, and confirm everyone's attendance at least a couple of days before.
Imagine driving through a desirable neighbourhood and, just as you turn a corner, you see the absolutely perfect home. Guess what? It's for sale! But, there’s a problem. Your current property isn't on the market. In fact, until this moment, you hadn’t seriously considered moving.
So what do you do?
Your first step is to find out more about the listing. Get a description of the property. Find out the listing price. Check out the size, layout, number of bedrooms and other features. If it all looks good, schedule a viewing.
Chances are, you can do all that in less than a day.
If you go to see the property and still love it, your next step is to determine if it fits within your budget. To do that, you'll need to quickly find out the Current Market Value of your home — what it will likely sell for — so you can determine how much money you'll have available after your outstanding mortgage and any other costs are deducted. It’s a smart idea to speak to your lender about getting a pre-approved mortgage at this point too.
Next, you'll need to make an offer on the new home. Depending on the competitiveness of the neighbourhood, and the likelihood of multiple offers, you might need to list your home first. That, along with a pre-approved mortgage, will make your offer more credible.
You might end up buying the new home before your current property sells. Although that might cause some jitters, this scenario happens all the time in real estate. If you do the right things, and prepare your home properly, there's a good probability it will sell in time and that everything else regarding the two transactions will go smoothly.
But, you do need to move quickly and make some fast decisions if you want to get that perfect home.
I can help. Call me.
April housing demand in the Saskatoon region was the strongest in three years, as sales jumped 18 per cent over the same month of 2018.
The Saskatoon Region Association of REALTORS® (SRAR) reported 513 sales on the MLS® system, up from 433 last April and 414 in 2017. Those sales generated a dollar volume of $169.6 million, up 12 per cent from last year’s $152 million and 14 per cent from $147 million in 2017. Year-to-date, sales are up seven per cent to 1,440, as compared to 1,342 in 2018 and 1,368 in 2017. Dollar volume is up three per cent to $460.2 million from last year’s $447.8 million.
The spring market usually brings an increase in listings, and April followed that tradition. Listings rose four per cent to 1,295, although year-to-date listings are down slightly to 3,971 from 3,989. Compared to the 4,475 properties posted in the first four months of 2017, however, listings are down significantly.
“People came out of hibernation and said, it’s time,” said Jason Yochim, CEO of SRAR. “We’re seeing the beginning of a spring market, which is nice.”
Other factors potentially influencing the market include stable interest rates and lower prices, he added. “There’s less inventory and people are buying what they’re finding on the market,” Yochim said. “It’s feeling more like it’s time to make that move.”
In the city of Saskatoon, the number of properties brought to market actually fell two per cent in April to 774, down from 787 last year and significantly down from the 842 listed in April, 2017. Year-to-date, 2,511 homes have been listed, down three per cent from 2,594 in the same period of 2018. Listings in 2017 were considerably higher, at 3,024.
April sales in the city proper came in at 380, up 14 per cent from last year’s 333 and generating a 16 per cent increase in the dollar volume, to $130.4 million. That figure is up from both 2018 and 2017, when $112.7 million and $113.6 million in sales were recorded, respectively. So far this year, Saskatoon sales are up seven per cent to 1,047, up from 978 in 2018.
The average selling price in the city increased one per cent to $343,121 in April, up from $338,438 last year. Year-to-date, the price remains down by two per cent at $327,995. The region surrounding Saskatoon, including towns and cities such as Warman, Martensville and Dalmeny, saw a whopping 25 per cent increase in dollar volume to $31 million on 105 sales, up 36 per cent from 77 last year. The average price was down eight per cent to $295,780.
Active listings in Saskatoon as of April 30 were down three per cent to 1,778 from 1,834 last year, and up four per cent in the region, to 1,083.
Stronger sales activity was reflected in Saskatoon’s sales to listing ratio, which at 49 per cent is considered a balanced market. “It’s an encouraging sign,” said Yochim. “A balanced market offers a good equilibrium, with a good balance of buyers and product from sellers. Depending on how long it lasts, it helps slow the decline in pricing.”
New housing starts are down considerably, which is also affecting the market. March, for example, saw a 33 per cent drop in single-family home starts and a 70 per cent fall in multiple units. It will take some time before the rising demand spurs more building, because there is always a lag between an improvement in sales and starts, Yochim said.
Prince Albert and region also recorded improved home sales, which rose 25 per cent to 60 units, up from 48 last year. Dollar volume jumped 26 per cent to $12.2 million from $9.7 million last April. Listings were up a marginal two per cent, to 168 from 165. In the city itself, sales were up 41 per cent to 38. “That’s encouraging for P.A., because the market was quite depressed for a number of months,” Yochim said.
Activity was less robust in the Battlefords region. Sales rose 17 per cent in April to 35, up from 30 last April, but dollar volume dropped 35 per cent to $5 million from $8 million. Listings, however, fell seven per cent to 138.
Every market, including the strengthening Saskatoon market, comes with its own challenges for buyers and sellers, noted Yochim. Source: May 2019 SRAR News Release
Congratulations to my repeat VIPs’ Spencer and Jenna on your BRAND NEW home!!!
When you decided this was “The One”, I knew it was going to be a good day on the negotiation table; being strongly a #buyersmarket - more so than ever within the new home build sector. Knowing incredible savings could be had, my #RENE skills took over resulting in a savings to you of over 8% off original list price plus thousands more in bonus extra’s!
It’s been an absolute pleasure working with you again and helping you upgrade to a home much more suitable and accommodating to your family’s needs. I wish you all the best moving forward as you build lasting memories within the walls of your new beautiful home. Thank you for your loyalty, trust, ongoing support and friendship.
Congratulations to my Newest VIP Larry!
As a long time customer turned friend, I was beyond thrilled when you asked my help in selling this property for you. It was a shotgun start with some unexpected events but having been advised and educated in the real estate market for years by, yours truly, you were knowledgeable & prepared which made the placing of this #SRSSOLD, sign a mere month into listing, happen. It feels great to achieve this sale for you when many competitive property struggle finding qualified buyers.
I cannot express how thank-full I am for your trust and assistance in the achievement of this sale; I couldn’t have done it without you. Thank-you so much for choosing me to be your Seller Representative Specialist, it has been an absolute pleasure representing you; Your ongoing trust, loyalty, respect and friendship means at lot to me. Wishing you all the best life has to offer.
You've probably heard the expression, "The early-bird gets the worm." It refers, of course, to those who get in early and reap the rewards. For example, if you arrive early to a retail store for a big blowout sale, you're likely to get the deals before the inventory runs out. The stragglers who come later miss out.
Well, this same wisdom can be applied to selling your home. Starting the process early — even if that means simply doing some initial planning — gives you the edge in several ways.
First of all, you get extra time for preparation. That means you can get your home cleaned, uncluttered and staged without feeling rushed. You also get more time to find out how much your property will likely sell for on today's market. That's important information, especially if you're also looking to finance a new home.
Secondly, there's less stress. You'll have more time to make the right decisions. The last thing you want is to be scrambling around, last minute, trying to get your home ready for sale.
Finally, with your initial preparations done, you'll be able to put your home on the market at a moment's notice. That's a huge advantage that's likely to lead to selling your property more quickly and for the best price. In fact, by getting an early start on the process, you might even find that right now is the best time to list -- and you'll be able to do so, with confidence.
Want help getting an early start on selling your home? Call me.
Whew!!! I had a Very Busy but Totally Rewarding March. I never get tired of helping Real Estate Dreams come true; making this pyramid is just the Cherry on Top!
BIG Thank You to my VIP clients and all who helped make this achievement possible.
#RoyalLePageHallmark #3TopProducer #1TopFemaleProducer #SaskatoonRealEstate #TheStarPhoenix
Imagine you’ve dreamed of living in a particular neighbourhood, perhaps for years, and then, when you're finally ready to make a move, finding out that the area is competitive and buying there is definitely a challenge.
A disappointment? Not necessarily.
There is a lot you can do to buy into a popular neighbourhood, even in competitive offer situations.
Your first step is to start targeting that area now. Find out about property types, prices and trends. In particular, you’ll need to know what price range you should be thinking about, and making sure that it’s going to fit your budget. To do that, you might need to get a determination of the Fair Market Value of your current home.
Next, begin making preparations so you can get a jump on opportunities in that neighbourhood quickly. You don't want to see a great property come on the market and not be ready to make a move. So, get your current home in order so it’s ready for a quick listing.
If possible, make arrangements to get alerted to new listings as soon as they come on the market. Keep in mind that a new listing may not appear online for several days. By getting advance notice, you can be among the first buyers to see the home and have an early advantage over other buyers.
If it's likely there's going to be competing offers for the home you want, there are many strategies that can increase your chances of winning. These involve going in at the right price, minimizing conditions to the offer, presenting the offer appropriately, and negotiating effectively.
Is there a neighbourhood you want to get into? I can help make it happen. Call today.
Imagine going to a restaurant with your family for dinner. You're planning on ordering a nice pasta and salad. Your heart is set on it. But, after you go to the trouble of driving there and getting a table, you discover that pasta is not on the menu.
Of course, it’s only a meal. You can go somewhere else next time. But, what if the same scenario played out once you had moved into a new neighborhood? Imagine you were counting on public transit being in easy walking distance, but discovered the nearest stop is four blocks away. Argh!
That's why it's important to ensure a neighborhood has the characteristics you want — before you make an offer on a home you like.
Think about what you want most in a neighborhood. Consider work, commuting, schools, playgrounds, noise level, walking and cycling, hobbies, shopping, entertainment, etc.
If there is a neighborhood feature that is very important to you, check it out for yourself. For example, if easy access to a main highway is desirable for commuting, take the route for a test drive.
You can get a lot of information on a neighborhood through the listed property's description and MLS listing.
Want more in-depth insights into an area you're considering? I have that information. Call today.
Congratulations to my repeat VIPs’ Spencer and Jenna on the sale of the home I had the privilege of helping you purchase years ago. It’s an amazing family home that you’ve tremendously enjoyed and it took less than a week to find another family who felt the same way. I’m thrilled to have been able to beat market averages for you; not only for Days on Market but also List to Sell price percentage - Take that Buyers Market Averages!!!
Thank you for your trust & hard work to make this happen, I couldn’t have done it without you. I greatly appreciate your loyalty and ongoing support. It’s been wonderful helping you again, this time as your SRS®, RENE, Realtor®.