Christine Lelond Your Home Expert

(306) 230-5220




Imagine this scenario...


You're shopping for a new home. You drive to visit a recent listing. As you walk through the front doors, you're impressed. Every room looks fantastic. You see yourself relaxing on the spacious patio, cooking in the modern kitchen, and enjoying evenings with the family in the cozy living room.


Your emotions are on overdrive. This is your dream home!


Should you make an offer? Probably. In fact, you should make that decision quickly in case there are other interested buyers.


However, your decision shouldn't be guided purely by emotion. You want to make sure you take practical matters into consideration too. 


For example, you'll want to consider: 


· Is the property within your price range?

· Does it have everything you need?

· Do you like the neighbourhood?

· How old is the property? Are there items, such as the furnace, that may need to be replaced soon?

· Will it need any major repairs or upgrades?

· What are the average monthly costs of carrying the home? (Property taxes, utilities, etc.)


Once you've considered the purchase of the home from a practical standpoint, you'll have a lot more confidence in your decision when you make an offer.


Need help? Call me.

Read full post


 

Congratulations to my newest #VIPs’ Virginia & Evan on your 1st home! 


You reached out to me with the hope that I could help you purchase this adorable home.  Through high’s and low’s you listened to my advice, staying focused, patient & positive and now your dream of home ownership has been realized; at an amazing value savings of over 15% of list price and extra ‘goodies’ negotiated in to help furnish and create your new space.  It was such a pleasure helping you accomplish this dream, well deserved and I’m super happy for you.  Thank you for choosing me as your ABR® Realtor and for your trust, efforts & friendship.  Enjoy being new home owners!

Read full post



When you're having a garage sale, one of the toughest tasks is pricing your items. If you put a price tag on your old golf clubs that’s too high, no one will buy them. If you make the price too low, they might sell quickly, but you’ll spend the rest of the day wondering if you could have gotten more! It's similar to selling your home — except with your home, the stakes are much higher. You want to price your property to sell, but you don’t want to leave any money on the table.


How do you accomplish that?


Setting the right list price for your home requires a combination of skilled calculation and industry savvy.


Let's start with the "calculation" part... 


When you work with me, I'll review recently sold properties that are similar to yours in type, size, features and location. Then, using that data, we’ll calculate a range that represents your property's "current market value."


For example, consider a spacious 15-year-old bungalow in a nice neighbourhood. If similar homes in the area have sold for $475,000- $550,000 in the last six months, then it's obvious that your home should sell in that range too. A list price above or below that range would be in the danger zone.


But skilled calculation is only half the task. Setting your list price also requires expertise in the local market, combined with good old-fashioned gut instinct. That instinct comes from being on the front lines of many property transactions.


That's why working with a good real estate salesperson is so important, when you’re deciding on the list price for your home.


Want to discuss selling your home? Call me.

Read full post


The total number of new residential listings in Saskatoon on the Multiple Listing Service (MLS) year to date totalled 7,111. This represents a 12% decline when compared to the same period last year with 8,065 properties listed. The total number of residential listings for Saskatoon and region year to date is 10,929, a 10% decline from last year. The individual month end totals for new listings in 2018 was down each month as well compared to 2017 totals. 

This decline in new listings has contributed to lower inventory levels for available properties in Saskatoon. At the end of October there was a total of 1,808 active residential properties for sale in Saskatoon and 1,095 in the regional market surrounding Saskatoon. The five-year average for active listings in Saskatoon is 1,806 while the ten-year average is 1,487. 

“Since 2015, the Saskatoon market has experienced higher inventories of active listings, this puts downward pressure on pricing and often upward pressure on the sales to new listing ratio.” comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. The median price of a home in Saskatoon has declined as well since 2015 as has the average price. The average residential price was $332,000 at the end of October, 
down 4% from a year ago and $20,000 from two years ago. Although much focus in real estate is on the average price, the average can be misleading and is easily skewed. A better indicator of what is happening with home prices is the Home Price Index. The Home Price Index establishes attributes for a typical single-family home with a base value in 2005. 

From that starting point, changes in value are recorded over time to get a better sense of what is happening to pricing and where prices are trending. The value for the typical single-family home in January of 2005 was $140,400. This value reached its peak in May of 2015 at $329,500. Currently this value is at $312,600 virtually unchanged from a month earlier. The Benchmark price for a typical Townhouse style property in Saskatoon was $222,900 last month, for apartment style properties, $180,100 in October. For more information on HPI go to saskatoonrealtors.ca.


Year to date, the total number of residential sales on the MLS® system in Saskatoon was 2,964, down 2% from last year. For Saskatoon and region the total number of sales was 4,074, a 1% decline from 2017. Total MLS® sales of 285 in Saskatoon for October was unchanged from the same month last year and but down 9% from October 2016

“It's encouraging to see home sales at a comparable level to last year in spite of economic challenges and the “stress test” changes to financing earlier this year," comments Yochim.   “It would seem that sellers are recognizing the importance of expert advice from our REALTOR® members in pricing to the current market.”
 
Source: November 2018 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.
Read full post
The Saskatchewan REALTORS® Association (SRA) (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.