Next to a major kitchen renovation, replacing appliances is the most expensive way to upgrade the space. So if you’re purchasing a new refrigerator, stove or dishwasher in order to make your home more attractive to buyers, you want to make wise purchasing decisions.


The most important consideration is how the appliances will look in the kitchen. Ideally, they should match in colour and style. They should also be the right size for the space. The last thing you want is a fridge that’s so large it dominates the room, or a stove that’s a completely different style and looks out-of-place.


Appearance is important, but so are the features. Buyers viewing your home will scrutinize the appliances. They’ll notice if the fridge has a cold water and ice dispenser. They’ll ask if the dishwasher has noise-reduction features. Double ovens and quick-heating burners (which are now available on electric stoves) will also get a buyer’s attention.


Power consumption is also a big issue these days. Increasingly, buyers are interested in the energy efficient features of a home — appliances included. So, as your REALTOR® I would point out appliances with energy-saving features, such as a dishwasher with a slow-run cycle that saves power.


Kitchen appliances may seem minor compared to the overall appeal of your property, but they do make a difference. Purchase wisely!


When is the best time to meet with a REALTOR® like me?  Chances are, you would say,  “When I’m thinking of buying or selling a home.”  You’d be right, of course!


However, there are many other good reasons to meet with me.  Here are just a few:


• You want a professional opinion as to the current value of your property, so you know what it would likely sell for in today’s market.


• You notice a home listed for sale in a desirable neighbourhood, and you’re interested in learning more — even if you’re unsure you want to make a move.


• You’re thinking of moving within the next couple of years, and you want to find a REALTOR® like me, that you can get to know and trust.


• You want some recommendations for preparing your home for sale and especially determining what repairs and other work needs to be done.


• You want an honest assessment as to the state of the local market, and the best time for you to buy or sell.


• You have real estate-related questions and you want to talk to an expert who knows the local market well and can provide you with answers.


As you can see, there’s a lot of value you can get from talking to me as your REALTOR®.  Call today.


As was expected with high inventory levels and a 6% year to date decrease in home sales, the average and median price are seeing a slight decline. Year to date the average residential selling price in the city of Saskatoon is down 2% to $346,371. The median price indicates a slightly greater reduction of 5.7% to $335,000. 
"A slight decline in pricing was anticipated with just over 2,000 residential units for sale in Saskatoon." comments Jason Yochim, CEO with the Saskatoon Region association of REALTORS®. "The decrease in home sales is also a factor and could be caused by lower demand or asking prices that do not reflect the market, turning away potential buyers". he adds. 
The five-year average for active listings is 1,633 units. Based on the sales activity in May, it would take just over 5 months to liquidate the current inventory. Properties that have been selling are selling within 97.2% of their asking price and in an average time of 45 days. The five-year average for the number of days to sell is 37.
The sales-to-listing ratio is determined by dividing the number of sales for the month by the number of new listings. At the end of May, the sales-to-listing ratio was 41% which is considered to be a buyers' market. The five-year average for sales-to-listing ratio is 48%, which represents a market that would be considered "balanced".
Market activity in the area and communities surrounding Saskatoon appears to be slightly more challenged. The total number of sales year to date was 388 at the end of May a decrease of 20% for the same period last year. The average selling price of $309,099 is down 3% from 2015, comparable to that of Saskatoon. 
Year to date, Martensville saw a total number of sales at 67 representing a 7% decrease for the same time last year. Warman on the other hand experienced a 52% decrease in sales for the first five months of 2016 when compared to the 169 sales last year. 
The total number of properties available for sale in Warman at the end of May was 209 which would take a year to liquidate at the current rate of sales. Comparatively, Martensville had 159 listings available representing just over seven months of inventory. The average time required to sell a home for these two cities is 45 days.
"It is important to keep in mind that houses are selling in all price ranges, the key to realizing a sale in a short period of time at 97% of asking price is to get sound advice on where a particular home fits in the market based on its condition and location compared to its competition." advises Yochim.  -Source: June 2016 SRAR Media Release
I can provide you with that sound advice.  Call today.
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