Christine Lelond Your Home Expert

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In almost every movie featuring a house on fire, the actors seem to be able to move around the house and see just fine, while beating back flames with a shirt or coat. Of course, that’s not what happens in real fires.

 

When there’s fire in a home, there is typically complete darkness (because the power goes out) and a cloud of spreading thick, black smoke makes it difficult to see and breathe.

 

That’s why knowing how to get out of your house — fast — is crucial.

 

Experts recommend rehearsing what to do in case there’s a fire. Make sure everyone in the family has an exit plan. Each should know exactly how to get out, including primary and secondary exits, and where the family will meet once safely outside.

 

Never attempt to take anything with you. It may seem like you have plenty of time to grab a coat or purse, but the characteristics of a fire can change in seconds.

 

As a failsafe, in case you can’t exit through a door, you should determine in advance which window has the safest exit. Make sure that the window opens easily and everyone knows how to remove the screen or any other obstruction.

 

Finally, don’t call the fire department from inside your house. Get out first, then make the call.

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I have listed a new property at 204 355 Kingsmere BLVD in Saskatoon.
Desirable Lakeview location & Situated in one of the best spots within the LakePointe complex. This appealing 2nd floor corner condominium showcases a modern open floor plan accented by a classic European kitchen with picturesque pass through. The ample living room has a decorative fireplace with an abundance of natural light coming from the patio doors that lead to the oversized wooden balcony containing an enclosed personal storage area with views overlooking the courtyard & park playground. The bedrooms provide northern views while the master bedroom also has an upgraded feature of a his & her walk through closet to cheater access to the full bath. Price Includes appliances, exclusive use of 1 paved parking stall with electrical service with additional stalls available on a rental basis. The complex itself is pet friendly with plenty of visitor parking and condo fees include common area maintenance, heat & water and use of the common laundry, central park playground & recreation center with meeting areas, games & a gym. This premium Lakeview location is on bus route for easy access to shopping and U of S. as well as walking access to schools, neighborhood conveniences and recreational amenities including serene public parks.
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You’ve probably seen signs around the area for Open Houses. You may have even attended a few. These are open invitations for potential buyers to drop by on a certain day and time, to check out the property and get more information.

 

When you’re listing your home for sale, you might wonder whether you’ll need to have an Open House.

 

To answer that question, you’ll need to consider the pros and cons. Planning and hosting an open house isn’t as easy as it may seem. There’s a lot of preparation involved. In addition, you’ll likely spend hours making your property look its best and you’ll need to be away from your home for a good part of that day.

 

That being said, an Open House has many advantages.

 

• It helps showcase features of your property that may not come across well in advertisements and listing descriptions.

 

• It attracts potential buyers who, for any number of reasons, might not otherwise call to view the home.

 

• It generates a buzz and publicity about your listing.

 

However, an Open House might not be necessary if there is high demand for properties like yours and you’re likely to get multiple offers.

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Year over year unit sales for the city of Saskatoon saw a 7% decline in 2016. As at December 31, there was a total of 3,679 transactions recorded versus 3,933 in 2015. The total dollar volume for Saskatoon also indicated a 7% decline by years end. There was also a decline in the number of new listings in 2016 of 5% with 9,290 properties placed on the MLS system in Saskatoon last year. In other words, 38% of the homes that were listed ended up selling which is considered a firm buyers' market. This ratio is what is referred to as a sales-to-listing ratio. A 'balanced market' is when one home sells for every two listed and is considered a balanced market at a 50% sales-to-listing ratio. The market for the month of December was in balanced territory with 191 sales and 392 new listings.
 
The market surrounding Saskatoon which includes the cities of Martensville and Warman saw a year end decline in unit sales by 11% with a total of 1,010 sales by December 31. The total number of new listings for 2016 in the markets outside of Saskatoon was 3,192, a sales-to-listing ration of just under 32%. The city of Martensville saw a 10% increase in unit sales in 2016 while Warman saw a whopping 35% decrease in units sold from 2015 to 2016. Other bedroom communities surrounding Saskatoon saw very little change in units sold year over year.
 
A home in Saskatoon took an average of 51 days to sell realizing 96.7% of the asking price on average. "There are buyers out there who are ready to act and are willing to pay market value." Comments Jason Yochim, CEO, Saskatoon Region Association of REALTORS®, "What this tells me is that if a seller is serious about selling their home the best thing they can do is get sound advice on pricing to the current market we are in. The result is a quicker sale for the maximum sale price. Buyers are well educated and not often fooled into overpaying." He adds.
 
The average selling price for a home in Saskatoon in 2016 was just over $350,000 which was only a decline of 1% compared to the average selling price of $354,000 in 2015. This average price was maintained by a year over year increase in the number of homes that sold over $750,000.
 
The MLS® Home Price Index® is considered to be the most accurate determinant of where a real estate market is trending. The composite benchmark value is an aggregate value of various property types and is used to compare changes in market values and trends. The composite benchmark value has been trending downward slightly since August of 2016. The composite value of $299,700 is down 1.6% from the same period in 2015 and looks to continue downward for the near future.
 
"2017 is not likely to see a significant change in market conditions, however being properly informed on what those market conditions are and how to properly price is invaluable.  One of the best ways to stimulate an economy is through a home sale. The average home sale in Saskatchewan generates nearly $50,000 in spin off economic activity. Multiply that by 3,700 transactions." adds Yochim.  -Source: January 2017 SRAR Media Release 
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The Saskatoon Region Association of REALTORS® (SRAR) IDX Reciprocity listings are displayed in accordance with SRAR's MLS® Data Access Agreement and are copyright of the Saskatoon Region Association of REALTORS®.
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