Christine Lelond Your Home Expert

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The Saskatoon housing market continued its 2019 trend toward balance last month, as REALTORS® listed fewer but sold more homes than in the previous November, reported the Saskatoon Region Association of REALTORS® (SRAR) Wednesday December 4th.


City listings fell 16 per cent to 451 from 534, as sales jumped 20 per cent to 243 from 203. Although the average price was down three per cent, to $333,295 from $343,361, dollar volume rose 16 per cent to $81 million, up from $69.7 million.


Including the surrounding region, new listings were down 12 per cent to 694 from 791, while sales rose eight per cent to 317 from 294 for a dollar volume of $102.3 million, up one per cent from $101.7 million.


In the region alone, including communities such as Warman, Martensville and Dalmeny, new listings fell 11 per cent to 159 from 179, and sales were down nine per cent to 58 from 64. However, the average sales price rose four per cent to $314,650, up from $301,490, for a dollar volume drop of five per cent to $18.2 million.


“It’s encouraging to see strength in sales and a slight decline in listings coming to the market, to keep it balanced,” said Jason Yochim, CEO of the Saskatchewan REALTORS® Association (SRA.) All Saskatchewan REALTORS® associations will amalgamate under the SRA banner in January, 2020.


Year-to-date numbers reflect similar trends. So far this year, and with only one month to go, Saskatoon agents have listed 7,443 homes to the MLS®, down three per cent from 2018’s 7,646, and sold 3,401, up seven per cent from 3,167. Sales are also up from 2017’s 3,286.


The average sales price of $331,457 is statistically the same as last year’s, bringing the dollar volume up seven per cent to $1.1 billion, up from just over $1 billion.


In the region, 900 homes have sold so far in 2019, down five per cent from last year’s 943, and listings have fallen three per cent to 2,789 from 2,874. Dollar volume is down eight per cent to $265.5 million from $289.8 million. The average price dropped four per cent to $295,141 from $307,352.


At the end of the month, Saskatoon had 1,534 homes on the market, down 11 per cent from 1,716 at the same time last year, while the region had 947 homes, down eight per cent from 1,032.


“It’s healthy for the market to see the number of active listings continue to shrink slightly,” said Yochim. “Two years ago, we were tipping over 2,100 at the high-water mark, so 1,500 is certainly good.”

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If you have a home that is overdue for a renovation, you might be worried that it will be difficult to sell as a "fixer-upper". In fact, you might delay listing your property for that reason.


The good news is, you don’t need to fix up everything in your home to prepare it for sale. You can be selective and choose only those projects that are most likely to help your home show well and sell quickly. Here are some projects to consider:


• Repairs. Few things stand out more during a viewing than something in obvious need of repair. That includes minor issues, like a dripping bathroom faucet, as well as major concerns, such as the central air conditioning unit not working. Get these repairs done.


• Painting. Painting is one of the easiest and most affordable DIY projects you can do. Yet the impact it can have on your home is stunning. Some rooms are completely transformed by a fresh coat of paint.  


• Kitchens & Bathrooms. Buyers love to see great looking kitchens and bathrooms. In fact, there are even magazines devoted just to those rooms! You don't necessarily need to do a major renovation of these spaces, but a makeover can be a good idea. Consider replacing sinks, countertops, and/or cabinet hardware.


• Floors. If the floors in any of your rooms have become worn and unsightly, look at options for refreshing them. Consider replacing carpeting, refinishing hardwood, and/or getting tiles professionally cleaned and polished.


• Outdoors. Sometimes you can compensate (a little) for a less-than-ideal interior by sprucing up the outdoor space. Explore ways to improve your deck or patio, walkways, and landscaping.


Even if your home is older, you can make it more attractive to buyers with any one of these projects.


Want more ideas for finding eager buyers for your home? Call today.

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Want to make your bathroom look fantastic without having to do a major renovation? There are a lot of projects you can do yourself. In fact, there are some improvements you can get done in less than a day that will transform the look and feel of your bathroom. Check out these ideas:


• Update the sink. If you have some basic plumbing knowledge, this is a project you should be able to do on your own. A new sink can make the entire vanity look like new.


• Buy new decor. New shower curtains, towels, window coverings, mats, etc. can transform the look of a bathroom.


• Install new hardware. Replacing cabinet hardware may not seem like much of a change. However, it can have a surprisingly big impact. Shiny new hardware is like jewelry. It stands out.


• Replace the vanity mirror. Even if there are no scratches, an older mirror is like an old pair of glasses. It can become foggy. No amount of cleaning will make it any clearer. When ordering a replacement mirror, be sure that your measurements are exact. \


• Paint. There's no doubt about it. A fresh coat of paint makes any room look better.


These bathroom improvement projects can make a huge impact on the look of your bathroom. And, they can all be done affordably and in just a day or two.

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As the weather cooled in October, residential sales in Saskatoon, Prince Albert and the Battlefords warmed over last year, the Saskatoon Region Association of REALTORS® (SRAR) reported today.


In the city of Saskatoon, sales rose seven per cent to 306, up from last October’s 285, helping to drive the dollar volume up five per cent to $97.5 million from $92.6 million. Listings also rose marginally to 599, up one per cent from 591. The average selling price fell two per cent to $318,450, down from $325,016.


Trevor Schmidt, interim CEO of SRAR, noted that the average five-year median sales price — $333,154 has not changed much over the past several years.


“This year, we’re tracking at the same level as the five-year average,” he said. “The market is neither high nor low; it has stabilized.”


Another indication of stability in the Saskatoon market is the average length of time it takes to sell a home. Both in October and year-to-date, that average was 54 days.


“The five-year average is 55,” noted Schmidt. “Things have been quite stable considering what’s happened with the economy.”


“It shows the importance of using a REALTOR® to price properties according to what’s happening in the market, which helps foster a quicker sale.”


Year-to-date, 6,992 homes have been listed to the Multiple Listing Service® System (MLS®), down two per cent from 7,111 in 2018. Of those, 3,160 have sold, up seven per cent from 2,962, at an average price of $331,349 — statistically stable with last year’s $332,012. The dollar volume broke through the billion-dollar mark to $1.05 billion, up six per cent from $983.4 million last year.


In Saskatoon and area, which includes such communities as Dalmeny, Warman and Martensville, sales rose five per cent to 414, up from 393, in October. Year-to-date sales are up three per cent to 4,213 from 4,072, and also up from 4,099 in 2017.


Unit listings in the city and region fell two per cent to 889 from 904 last month, and also dropped two per cent year-to-date, ending October at 10,710, down from 10,895 in 2018. While the dollar volume was down two per cent in October, to $129.2 million from $132.4 million, the year-to-date volume is up two per cent to $1.365 billion from $1.342 billion.


The region alone saw a six per cent drop in listings, to 208 from 222, in October, and a seven per cent hike in sales to 88, up from 82 last year. Dollar volume in the region fell 13 per cent to $24.7 million from $28.5 million. The average selling price came in at $281,534, down 19 per cent from $348,038. Active listings ended October down four per cent to 3,442 in Saskatoon and area, from 3,584 in 2018 and also down from 3,725 at this time in 2017. In the city, 1,712 listings were available, down five per cent from 1,808, and 1,020 homes were on the market in the region, down seven per cent from last year’s 1,095.  ~ November 2019 SRAR News Release 

 
Looking for sound market advice?  As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS® and Real Estate Negotiation Expert - RENE, I can provide you with this advice. Call today.
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Ideally, when you sell your home, you want the process to go smoothly and relatively stress-free. While things may happen that are outside your control, there is a lot you can do to ensure that the selling experience is a good one. Consider these four steps to reduce worry and stress when listing your home:


Step 1: Learn the selling process. Find out what to expect when the FOR SALE sign goes up. How will viewings be scheduled? Will an Open House be needed? What happens when there is an offer? The more you know, the less mysterious—and, therefore, less stressful—the experience will be.


Step 2: Schedule wisely. Use a calendar to block out times for viewings and other selling-related activities. Be sure to schedule plenty of time to clean and declutter your home before a viewing or Open House. Try not to have a tight schedule during the sales period.


Step 3: Anticipate issues. The more problems you can foresee, the better you'll be prepared to deal with them as they arise. For example, if you know you're going to have a busy week at work, start making plans now to deal with viewings and related matters during those days.


Step 4: Make decisions. Things can move quickly in the real estate market. There might be a few days when there are no enquiries at all, and then suddenly two offers will come in. Be prepared to make some quick decisions.


Fortunately, with sound advice from me as your real estate agent, making those decisions will be a lot easier. So, follow these simple steps. They'll help make your sale less worrisome and even enjoyable!

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I have listed a new property at 238 1st AVE N in Warman.
DEAL STOP! EXCEPTIONAL QUALITY FAMILY HOME PRICED $10,000 BELOW OCTOBER 2019 APPRAISAL.
No tricks just a sweet treat of a good old fashioned awesome deal! This uniquely designed, West facing, fully developed 4 bedroom, 3 bathroom modified bi-level features everything you’d want and more in a home. It's absolutely ideal for any growing family. From street appeal to first entry you’ll be impressed with features such as vaulted ceilings, 1126sqft spacious floor flan, tremendous amounts of natural lighting, earth tone colors and new stylish high quality hardwood impression flooring. This home is the definition of all the comforts of home.
 Main floor offers a showcase living room with gleaming hardwood, stunning 2-story picturesque bay window and luxury pocket display shelf & corner floating shelves. Quality solid oak kitchen with plenty of cabinet space, breakfast bar with 6 piece seating included, walk-in pantry and oversized skylight. The off kitchen dining room with surround picture windows adds more natural lighting with bonus garden door conveniently offering access to raised wooden deck allowing to easily enjoy BBQ’d or smoked meals while comfortably entertaining with family & friends. East facing master bedroom with desirable 4 piece en-suite & walk-in closet, 2 additional ample sized bedrooms and main bathroom with upgraded flooring.
 Downstairs offers a desirable open concept development with a huge family room area providing additional natural sunlight, 4th bedroom with a chalk board wall, large 3 piece bathroom with corner shower, laundry room and ample storage areas. Bonus of central air, underground sprinklers, direct entry from double insulated garage & new shingles in 2018. Backyard features enclosed under deck storage, build-in sand box, swing set, luxury hot tub and side area perfect to be converted to a dog run. Fully fenced and easy conversion to have RV parking from back alley access.
Close proximity to RJ Gidluck park & Warman elementary School.
$314,900MLS. Warman
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Outdoor lighting has come a long way from the days of patio lanterns and strings of lightbulbs. These days, there's an exhaustive array of options available to illuminate your outdoor space, and make it more appealing and comfortable, particularly in the evenings.


Here are just a few ideas:


• Solar garden lights. These lights are on stakes that can be easily inserted throughout the garden. Powered by the sun, they generate enough energy to cast a soft, pleasant glow along walkways or in flower beds in the evenings.

• Deck post lights. These are easy to install because they're designed to sit on top of a standard 4x4 wood deck post. Most are solar powered.  


• Street-style lamps. As the name implies, these look similar to oldfashioned street lamps. Installation is a little more complex, but still DIY-friendly. They're eye-catching and have a dramatic impact on the look of your outdoor space.

• Portable lantern lights. These are outdoor lights that are portable and often made to look like a decorative fixture for a coffee table or side table. They can be placed anywhere.

• LED walkway lights. These are small lights that fit neatly and almost invisibly under stairs and around walkways. Walkway lights not only look good but also improve safety. Most are battery powered.

• Planter lights. This is one of the most interesting options. Each one is both a flower pot and a light in one! The pot itself is translucent which allows the light inside to shine through.


Design experts say you should treat your outdoor space as you would any room in your home. Lighting it up for evening comfort and enjoyment is a good place to start.

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You've heard of the term "curb appeal". It refers to the initial impression buyers get when they first see your property from the street. If the impression is a good one, it sets the right tone for the rest of the home viewing.


How do you boost curb appeal? Here are some proven ideas that you can get done in an hour or so:


• Wash both the inside and outside of the front windows. You'll be amazed at the difference that can make.

• Sweep the walkway leading up to the front entrance. Add a new welcome mat. Also, wash down the front door.

• If possible, remove cars from the driveway. Let buyers imagine their own cars parked there!

• Mow the lawn. Lightly trim the hedges. Weed flower beds.

• Remove anything from inside window sills that may look unsightly from the outside. Try putting a couple of flowering plants there instead.

• Place any trash bins out-of-sight. For example, put them in the garage or neatly at the side of the house.

• If the entrance door hardware is old and worn, change it. New hardware can make a bigger difference than you might think.

• Make sure the outdoor lights are working, especially if you're showing your home in the evening.

• Add some flowering plants to flower beds, or buy a couple of portable potted plants and place them strategically.

• Clean your mailbox. If it’s rusted, replace it.

• If you have a power washer, give the walkway and driveway a quick blast. Just be sure it will be dry before the buyers arrive.


These one-hour improvements may seem minor, but anything that helps buyers form a more positive first impression of your home is worth the effort.

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The first month of autumn had spring in its step as Saskatoon’s residential housing market saw increases in listings, sales and the average price, according to statistics from the Saskatoon Region Association of REALTORS® (SRAR).


Sales rose 14 per cent to 305, up from last September’s 267 and 260 the year before, while the average price was up 10 per cent to $351,741 from $319,534.


Those factors contributed to a 26 per cent jump in the dollar volume of sales, which came in at $107.3 million — well up from $85.3 million last September and $89.5 million in 2017.


More homeowners decided to put their properties on the market, as well, listing 717 homes, up 11 per cent from 647 last year.


“The market is really balanced right now,” said Trevor Schmidt, interim CEO of SRAR. “With the sales to listing ratio being at 43 per cent, it indicates both sellers and buyers are able to come together and get deals done. It’s a good situation for both seller and buyer.


“If you go back six months, the market has been trending toward balance.”


Year-to-date, sales in the city are up seven per cent to 2,855 from 2,677, while listings have fallen two per cent to 6,393 from 6,520. The average price of $332,762 is practically unchanged from last year’s $332,757.


In the region surrounding Saskatoon, including the cities of Warman and Martensville, sales were down 11 per cent to 76 from 85 in September while listings rose 14 per cent to 227 from 199. The average selling price, however, was up three per cent to $302,502. Dollar volume came in at $22.9 million, down eight per cent from last year’s $25 million.


Regional year-to-date sales are down five per cent to 755 from 797, and listings are down one per cent to 2,422 from 2,454. The average price so far this year is down three per cent to $295,187 from $303,636, and dollar volume has fallen eight per cent to $222.8 million from $242 million.


At the end of September, active residential listings in the city were down two per cent to 1,896 from last year’s 1,944. Listings in the region were also down two per cent to 1,143 from 1,161.  ~ October 2019 SRAR News Release 

 
Looking for sound market advice?  As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS® and Real Estate Negotiation Expert - RENE, I can provide you with this advice. Call today.
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I have listed a new property at 48-50 Government RD in Prud'homme.
 Click ---> See details here <--- for more pictures and property information.
WOW! Incredible value for this absolutely stunning, extensively renovated true character two-storey! This must see 1420sqft, 3 bedroom, 2 bath family home is only 35 minutes NE of Saskatoon and worth commuting. This spacious, freshly repainted home features chocolate hardwood impression laminate flooring, reproduction hurricane lighting, original carved window/light casings & crown moulding throughout.
 The open concept main floor boasts a bright naturally lighted living room with large picture window and quaint reading nook. The Distressed style kitchen showcases a custom island with new butchers block top and accented by a marble back splash, dual sink with raised faucet, under cabinet lighting, new counter top, built in dishwasher & range hood, chained shelf unit, pantry and cozy dining nook with triple bay windows. Bonus main floor laundry (Red Whirlpool Washer & Dryer included) and updated bathroom with raised shower, granite vanity & shelved linen closet are conveniently located off back entrance for ease of cleanliness control from outside work & play.  Refinished original wood curved stairwell leads to the upper level featuring 3 generous sized bedrooms accented by vintage curtain rods and a dual room bathroom with tiled vanity & soaker tub.
 This beautiful home is situated on 2 separate titled 50' lots fenced together as one giant 100x130 parcel, has eye catching curb appeal, an inviting yet private veranda while the backyard features a 18x16 deck with boardwalk leading to double garage/hobby shop (insulated/wired but requires standard garage door). Additional garden shed, ample garden area with 4 raised planter boxes, 11x16 rock garden and landscape accents of black wrought iron fencing, red & brown mulch, numerous trees, bushes, plants, perennials and fruit & berry trees/shrubs.
 Bus service to Vonda École Providence (10min) & Aberdeen Composite School (20min).
 This solid quality home is quiet country village living at its finest at an unbeatable price!  $164,900MLS. Prud'homme
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As you probably know, it's easy to lower the costs of a renovation. Just hire an inexpensive, fly-by-night contractor — and hope for the best!


Chances are, you won't want to take that risk. So how do you ensure you get quality work while keeping your budget in check?


Here are some tips:


• Get estimates from at least three contractors. Often prices can vary widely, even amongst contractors with similar reputations and experience.


• Narrow the project focus. If you're getting a bathroom renovated, for example, decide whether you need the contractor to paint the new walls. Can you do that yourself?


• Shop around for the building materials. Yes, contractors often have access to wholesale prices. Still, you might be able to find a bathtub and vanity at a lower cost or at least avoid any markup the contractor may charge.


•Negotiate. Sometimes a contractor is willing to lower the price for concessions, such as quick payments or more time to complete the job.


• Schedule the renovation during a low-demand season. For example, deck contractors charge more in the spring than the fall. It's supply and demand. More people want their decks done in the spring.


Keep in mind that spending a little more for a skilled and reputable contractor can save you money in the long run. The renovation will have fewer, if any, "issues" (that may require an expensive fix) and will last longer.

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Congratulations to my newest VIP Amy on your first home purchase!!!


Though time was not always on your side when it came to hot new listings, the real estate universe was looking out for you when this property was listed at just the right time for you to have a chance at it. Having already received multiple offers, timing was critical in order to compete to get this property.  Lady luck was on your side knowing this house was perfect for you and after writing an ‘on point’, perfectly timed offer, you beat out the rest without having to break the bank! From first view to moving in within mere weeks, not the average real estate experience for most people, but as it’s known, real estate waits for no one.  You excelled through and now this property is all yours! 


Thanks so much for trusting me to guide you through this.  You were wonderful to work with and it was a total pleasure to represent you as your ABR®, RENE Realtor®.


Wishing you all the comforts of home and can’t wait to see how you turn this house into your sanctuary.

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Fewer Saskatoon homes were listed in August even as sales remained stable compared to the same month of 2018, the Saskatoon Region Association of REALTORS® (SRAR) reported Thursday.
 

City listings fell four per cent to 724, down from last August’s 757, while the month’s 325 sales were almost on par with last year’s 329 — the same number sold in 2017, as well. Year-to-date, listings are down three per cent to 5,676 (from 5,873) while sales have risen six per cent to 2,551 (from 2,410).


Active listings in the city are down five percent to 1,916 from 2,019 at the same time last year.


“It’s always a good thing, especially in the time we’re in, when listings are declining — and they have been the last three years. If you want to see prices remain stable or even go up slightly, you have to see less supply,” said Jason Yochim, CEO of SRAR.


“Consumers are aware of the market and if they’re not serious about buying or selling, you’ll see fewer of them just testing the market. When the market is moving upward, and a bit hot, you’ll see people kicking the tires and consider selling. With prices remaining stable and even down slightly over the last few years, you have the serious sellers because they need to make a move.”


Slightly lower prices likely contributed to August’s dollar volume of $105 million, down four per cent from the previous year’s $109 million. The average sales price came in at $323,024, down three per cent from last August’s $331,374. Year-to-date, however, dollar volume is up five per cent to $843 million from $805.5 million on stronger sales.

The Saskatoon region, including communities such as Warman, Dalmeny and Martensville, saw 237 listings in August, down 15 per cent from 280, while sales were down 13 per cent to 93 from 107. However, the average sales price rose eight per cent to $294,237.


“The bump in the average price is a bit of an indicator that more higher-end properties are moving, which is a positive at the end of the day,” said Yochim. Year-to-date, the region has seen 2,195 homes hit the market, down three per cent from 2,255, and 679 sales, a five per cent drop from last year’s 712. The average price is down three per cent to $294,369, and active listings are down five per cent to 1,158 from 1,218.


Media Release: September 2019 Jason Yochim, Chief Executive Officer, Saskatoon Region Association of REALTORS® “In any market, there are people who want and need to buy a home. The important thing is to have good advice, to price to the market in their neighbourhood based on the condition of their home, conscious of the competition they’re against. This is so fundamental. Price is everything,” said Yochim. “No homeowner wants to sit on the market and have 40 showings and multiple open houses.”


In Saskatoon and region combined, August listings fell nine per cent to 1,051 from 1,155; sales were down five per cent to 437 from 461; and the dollar volume was down eight per cent to $138.6 million from $151.5 million. Year-to-date, listings are down three per cent to 8,774 from 9,055; sales are up three per cent to 3,403 from 3,304; and the dollar volume is up one per cent to $1.1 billion.    ~ September 2019 SRAR News Release 

 
Looking for sound market advice?  As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS® and Real Estate Negotiation Expert - RENE, I can provide you with this advice. Call today.
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If it’s been a while since you last moved, you might be wondering how much you'll need to spend on your next home. That's an important question to answer, even if you're just at the "thinking about it" stage and haven't decided whether or not you'll look for a new property.


After all, knowing your budget might influence your decision.


How should you determine your budget?


The first step is to calculate the maximum you can spend. This involves adding the money you'll get from the sale of your current property after repaying your outstanding mortgage, to any other funds you have available to invest plus the maximum amount of mortgage you qualify to receive.


Of course, just because you may qualify for a large mortgage doesn't mean you want those bigger payments. So, the second step is to think about your needs. What features are a must in your next home? For example, you might want four bedrooms and anything less would be a deal-breaker.


Make a "must-have list". That list can by used to find a baseline of properties on the market — and then find their average asking price. This will give you an idea of what it would cost to find a home that meets your must-have list.


The third step is to go beyond needs and consider the features you want. These might not be deal-breakers, but you'd sure love to have them in your next home. They could be a large deck, a location in a desirable neighbourhood, a big country kitchen, etc.


Ask yourself how much you would be willing to pay for those desirable features. $20,000? $50,000?


Once you've gone through these steps, you'll have the information you need to match your needs and wants to what's available on the market — and you’ll know how much you might expect to pay for your next home.

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Imagine your coffee maker switching on by itself, staying on for hours, overheating and becoming a fire hazard. That's not science fiction. As more and more appliances incorporate WIFI, the opportunities for hackers to play havoc with your home gadgets increase.


How do you prevent that from happening? Here are some safety tips:


• If your gadget uses a password to access the settings, change that password frequently. Ideally, change it once every 3 months.


• Some gadgets, such as alarm systems, come with their own connection to the internet. Learn how to turn that connection off if it becomes necessary to do so.


• Don't leave an internet-connected appliance or other gadget on constantly unless it’s necessary. For example, you don't need your home speaker system connected to your digital music providers all the time.


• Baby monitors with video are a common target for hackers. Use a password unique to that device and change it often. Never leave the monitor on when not in use.


• Never share passwords with anyone unless it is absolutely necessary. Most home WIFI systems have a "guest" feature with a separate password and limited access. Use it.


In this age of internet connectivity — from coffee makers to stereos and even washing machines — it's smart to play it safe. Know what's connected and protect yourself.

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Hot weather and summer holidays brought a slight cooling to Saskatoon and region’s housing market, as sales and total dollar volume fell by 9.8 and 9.4 per cent respectively from last July.


Multiple Listing Service® (MLS) sales totaled 481, down from 533, while listings rose a marginal 0.4 per cent to 1,140. Dollar volume fell to $154.7 million from last year’s $170.7 million, reported the Saskatoon Region Association of REALTORS® (SRAR).


“Typically, people think summer will always be busy, but spring is the busiest market,” said SRAR CEO Jason Yochim. “It tapers off a bit in summer. Winter weather can be brutal, and people take advantage of summer when it’s here.”


Still, year-to-date numbers remain up over 2018. Sales rose 4.4 per cent to 2,968 from 2,843, while dollar volume is up 2.8 per cent to $964.7 million from $938.7 million. Listings so far this year are down 2.2 per cent, to 7,724 from 7,900; and well down from 2017’s 8,692.


In the city of Saskatoon, July sales were exactly on par with last year’s 390 transactions and well up from 310 in 2017. Dollar volume fell 1.7 per cent to $129.4 million, while listings rose 5.5 per cent to 748 from 709.


Year-to-date, and largely due to a strong spring market, the city’s dollar volume is up six per cent to $739 million from $696.4 million last year. Sales increased seven per cent to 2,228 from 2,081 and listings fell three per cent to 4,952 from 5,116.


Active listings in Saskatoon are down 5.7 per cent to 1,932 from 2,048 last year, while the region’s listings are down 0.7 per cent to 1,213 from 1,221.


In July, the city’s sales-to-listings ratio reached 52 per cent, which is considered a balanced market.


“Inventory levels are still declining, and that’s a good sign,” Yochim said. “The slight decline over the last three years helps us maintain a balanced market.” The city’s average price slipped 1.7 per cent to $331,780 in July. Year-to-date the price has fallen one per cent to $331,649.


Media Release: August 2019 Jason Yochim, Chief Executive Officer, Saskatoon Region Association of REALTORS® “It’s good to see in the city that while the average price dropped in 2017 and 2018, we’re very close to those values, so it’s levelled a bit,” Yochim said. “Overall, it’s positive; it’s stable. We’ve seen some good growth in Saskatoon in the last quarter. Our sales numbers year-to-date are the highest in three years.”


The surrounding region saw less-robust interest from buyers. July sales dropped nearly 40 per cent to 69 sales from last year’s 114, and dollar volume fell 35 per cent to $21.5 million from $33 million. Listings were down 3.3 per cent to 291 from 301.


However, the region’s average sales price rose 7.5 per cent to $311,998 in July, up from last year’s $290,322. To date, the price is down 5.2 per cent to $294,389.  ~ August 2019 SRAR News Release 

 
Looking for sound market advice?  As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS® and Real Estate Negotiation Expert - RENE, I can provide you with this advice. Call today.
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When you sell, you’ll probably want to get the best possible price for your property. Who wouldn’t? Unfortunately, there are many ways to inadvertently leave money on the table – sometimes thousands of dollars.


How do you avoid that possibility? Just remember the 4 Ps:


• Prep. Do everything you can to prepare your home so that it looks great to buyers. Clean, declutter, fix, make improvements. Home staging can also help. In fact, effectively staged homes have been shown to sell for up to 5% more than comparable unstaged properties.


• Price. Set the right asking price. That’s crucial. If it's too low, you'll attract only deal-hunters — and you might end up getting less than you should. If the asking price is too high, however, you'll discourage those buyers who might otherwise be interested and willing to make a good offer. Be careful with pricing!  


• Promotion. There may be qualified buyers out there who would be eager to see your property. But, they need to find out about your listing and the great features of your home first! Reaching these buyers requires more than merely profiling the listing on the MLS. Homes that sell for top dollar often have strong marketing — directed to the right buyers.


• Proposal. Once an offer comes in, there may be an opportunity to negotiate with the buyer to maximize the final price you get. This requires deep knowledge of the local market as well as street-smart negotiation skills. If done effectively, these negotiations can help put more money in your pocket.


These four Ps are easy to remember, but sometimes not so easy to implement! That's why working with a great real estate agent is so important. Contact me to get the conversation started.

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Here's a surprising statistic. Less than 30% of window replacements are the result of the old windows being worn, broken or otherwise in need of replacement.


Clearly, there are other good reasons to consider new windows!


One of the most popular motivations is cosmetic. Brand new windows have a huge impact on the overall look of a home, both on the inside and the outside. New windows can improve curb appeal — an important element when you sell a home. From the inside, new windows can dramatically improve the look of a room.  


Another reason to replace windows is to address energy costs. Modern windows are packed with technologies that lower heating/cooling bills. From low-e/argon to special spacer bars to high-insulating construction, these technologies can provide savings you'll notice, especially if you're replacing very old windows.


A third reason is window style and characteristics. Simply put, you may not like your current windows! You may want more glass and less frame to enhance your view. Maybe your windows pull up (vertical sliders) when you'd rather have them open like a door (casements). Perhaps you'd like fancy blinds in-between the panes of glass. Replacing windows lets you get exactly the look and features you want.


Will new windows boost the resale value of your home? They might, at least a little. But there's one thing for certain: upgraded windows definitely make your home look more appealing to buyers.

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I have listed a new property at 41 Laurier CRES in Sarilia Country Estates.
UNIQUE PRIME RIVERFRONT building lot located in desirable Sarilia Country Estates. This piece of paradise offers a stunning breathtaking panoramic view of the North Saskatchewan River to the north east and to the south west. Uniquely shaped & above average in lot size. Across from a nature trail and environmental reserve that provides additional solitude and shelter. Offered significantly below developer pricing. Build your dream house without breaking your budget. Services (power, natural gas, phone & internet) at property edge and ready to tie into your new home. Community organized water and sewer are hauled. At Sarilia, neighbors are friends, children play freely and year-round family recreation is right on your doorstep such as canoeing, kayaking, fishing, swimming & beach fun, hiking the trails, snowshoeing, river skating, biking, or simply walking the dog; you'll find plenty of outdoor activities to pursue. Residents enjoy a community garden & pastureland, abundant wildlife, lush green spaces and wildflowers & gorgeous prairie sunsets. The town of Langham (6kms away) offers direct busing to elementary and high schools. Saskatoon only 20 minute drive on double lane Highway.
$49,900MLS. Sarilia Country Estates
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The stronger residential housing market that began in March continued into June, as Saskatoon Realtors® sold 372 homes for a dollar volume of just under $126 million, the Saskatoon Region Association of REALTORS® (SRAR) reported Friday.


Sales were up six per cent from last June’s 350, while the combined value rose nine per cent from $116 million.


Buyers also had fewer listings to choose from, as 784 units were added to the city’s market, down 10 per cent from last year’s 871 and well down from the previous year’s 949.


“Fewer listings and a renewed interest from first-time home buyers have helped support the Saskatoon market,” said SRAR CEO Jason Yochim. “We’re in a fairly balanced market, as demonstrated by a sales-to-listing ratio of 47 per cent.”


A buyer’s market is indicated by a ratio of under 40 per cent, while a seller’s market ratio begins at 60 per cent.


Year-to-date, local agents have listed 4,206 homes, down five per cent from last year’s 4,407 and also down from 2017’s 5,004. In that time, 1,840 homes have sold, up nine per cent from 2018’s 1,691. The dollar volume rose eight per cent to $610 million from $564.7 million.


Similar numbers were posted in Saskatoon and region, which includes neighbouring towns and cities such as Warman, Martensville and Dalmeny. Listings fell five per cent to 1,232 in June from 1,291 in the same month of 2018, while sales were up three per cent to 490 from 474. Dollar volume was up seven per cent to $169.5 million from $157.8 million.


Year-to-date, Saskatoon and region have seen 6,586 homes listed, down three per cent from 6,765, and sales of 2,489, up eight per cent from 2,310, for a value of $810 million. That number is up six per cent from last year’s $768 million.


In the region alone, 96 homes sold last month, down seven per cent from the previous June’s 103, although year-to-date sales are up five per cent to 517, up from 491. Dollar volume was down one per cent to $31 million from $31.3 million. Listings were up 10 per cent in June to 325 but were almost even year-to-date at 1,668.


The average sales price rose six per cent in Saskatoon and region to $323,291 in June, up from $304,449. However, the year-to-date average price remains down seven per cent at $292,039.


“I think we’re seeing a renewed confidence in the market, while prices are coming down in some categories,” Yochim said. “There may also be some pent-up demand. Prudent buyers are sensing that this is the time to buy in this market.”


SRAR, which encompasses Prince Albert, the Battlefords and other north-central communities under its reporting umbrella, reported both lower sales and listings in those markets. Source: July 2019 SRAR News Release 

 
Looking for sound market advice?  As REALTOR® and Nationally Accredited Buyer Representative - ABR®, Seller Representative Specialist - SRS® and Real Estate Negotiation Expert - RENE, I can provide you with this advice. Call today.
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