| Recent Blog Posts by Dwain Anderson | ||
Listing Activity up in April in Saskatoon/SRAR
Saskatoon. May 1, 2012.
The number of listings increased in April which is typical of the spring market. "Even though the Saskatoon market saw a 20% increase in the number of sales in April compared to April of 2011, a 15% increase in the number of listings year over year helped to keep the market in balanced territory", according to Jason Yochim, the Executive Officer of the Saskatoon ...
Posted by Dwain Anderson
on May 1, 2012
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SASKATOON Market Activity Continues to be Strong in March/SRARSaskatoon April 2, 2012
"The Saskatoon market place experienced a 14% increase in the number of sales year to date when compared to the first quarter of 2011", reports Jason Yochim, the Executive Officer of the Saskatoon Region Association of REALTORS® (SRAR) today. At the same time the number of new listings was down 2% YTD when compared to 2011. "The total number of listings available ...
Posted by Dwain Anderson
on April 2, 2012
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Market Shows No Sign of Slowing Down in February/SRAR
Saskatoon. March 1, 2012.
"The real estate market in the Saskatoon area is showing no sign of slowing down", reports Jason Yochim, the Executive Officer of the Saskatoon Region Association of REALTORS® (SRAR) today. The year to date residential sales dollar volume of $180,802,565.00 is up a whopping 30% over 2011.
"Buyers continued to be active in ...
Posted by Dwain Anderson
on March 1, 2012
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CMHC Housing ForecastsCMHC forecasts Canadian housing market through 2014
CanEquity News Staff on February 21st, 2012
A recent report from the Canada Mortgage and Housing Corporation reveals the nation's growing housing market is due for a stabilization of prices, sales and new construction over the course of the next two years.
The housing agency, which covers all of Canada, released its first quarter report for ...
Posted by Dwain Anderson
on February 21, 2012
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January SRAR Stats
2012 BEGINS WITH A SELLERS MARKET
In 2012 we are starting out with a market that favors sellers. The number of residential properties listed in Saskatoon was 528 units, down only 1% from last January while the MLS® sales were up 20% to 310 units. This resulted in an increase in the average selling price of 6% to $318,163.00. There were a total of 951 active listings for January ...
Posted by Dwain Anderson
on February 1, 2012
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A 10 year mortgage?10-year mortgage is worth a look
A 10-year mortgage offers security, peace of mind and a gap between five-year rates that makes it particularly attractive.
Shutterstock/Shutterstock
By Kerri-Lynn McAllister | Sun Jan 29 2012
More than 90 per cent of Canadians with a mortgage take out a term of five years or less, and just 1 per cent opt for a term that is 10 years or more, according ...
Posted by Dwain Anderson
on January 30, 2012
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Kensington--New westside neighbourhoodOpen House - Kensington Neighbourhood Concept Plan - Centennial Drive and Diefenbaker Drive Connections Area residents are invited to a public open house regarding the proposed Kensington Neighbourhood development on Wednesday, January 11, 2012, from 6:30 p.m. – 9:00 p.m. at the Shaw Centre – Tommy Douglas Collegiate Community Gym. The intent of this meeting is to provide area residents ...
Posted by Dwain Anderson
on January 4, 2012
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Happy New Year!2011 was another great year in Saskatoon and area real estate. Over 4000 homes were sold on MLS with an average selling price over 309000 dollars. That number of sales was up over 13% from 2010. Affordabiility continues to be a much discussed issue but it should be pointed out that our average sale price continues to be well below the national average price and homes are available in an astonishing ...
Posted by Dwain Anderson
on January 2, 2012
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Market Update/SRAR Stats
Saskatoon Region Association of REALTORS® Inc ...
Posted by Dwain Anderson
on November 1, 2011
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Mortgage rate changes? Some background.5 year fixed Rates Going up Monday! All Indications are that we will see a rate hike early this week, approximately .25% increase, landing around 3.79% for the 5 year fixed term.
Lenders are currently taking bigger spreads on mortgage funds because of the insecurity on market conditions, thereby affecting bond rates. Normally the spread between what the bank pays for money and lemds out money is ...
Posted by Dwain Anderson
on October 31, 2011
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Plumbing upgrades?
Homebuyers and sellers often hear about "plumbing upgrades", but what does this mean? Generally speaking, upgrading plumbing in the context of buying or selling a home refers to both fixtures and/or the plumbing system itself. Here are some basics to consider when referring to plumbing upgrades.
Fixtures
In bathrooms and kitchens, the faucet fixtures are an easy upgrade that adds style ...
Posted by Dwain Anderson
on October 19, 2011
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Fair market value smartest price option
REAL ESTATE: If home sits more than three weeks, you want too much
By Linda White, Special to QMI Agency ...
Posted by Dwain Anderson
on October 15, 2011
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SRAR Month End Stats--Pretty good September!
Activity was down slightly for Saskatoon REALTORS® in the month of September with 365 residential properties changing hands compared with August which saw 415 sales. The trend of sales increasing over last year continues however as we saw a 21% increase over September 2010 when 301 properties sold. Total residential sales Year to Date is currently at 3,183, that number up 13% from 2010 ...
Posted by Dwain Anderson
on October 3, 2011
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Busy August in Saskatoon Real EstateThe month of August was very active for Saskatoon REALTORS® selling 415 residential properties, that number up 33% from August 2010 when 311 properties sold. Year to Date unit sales numbers stand at 2,819, that number up 12% from 2010 when they total stood at 2,523. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of August was ...
Posted by Dwain Anderson
on September 1, 2011
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Saskatoon and area Monthly Real Estate Sales Stats
All Residential Sales Statistics Up in the Month of July
The month of July was active for Saskatoon REALTORS® selling 403 residential properties that number up 13% from July 2010 when 356 properties sold. Year to Date unit sales numbers stand at 405, that number up 9% from 2010 when the total stood at 2,212. The $300,000 to $350,000 price range continues to be the most active. ...
Posted by Dwain Anderson
on August 2, 2011
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SRAR June Market Report
REALTORS® were kept very busy in June selling 422 residential homes. That number was up 16% from June 2010 when 364 properties were sold. The greatest sales activity remained in the $300,000.00 to $350,000.00 price range. The average number of days to sell in the month of June was 36 days pointing to an active steady market environment.
The average residential selling price in June was ...
Posted by Dwain Anderson
on July 6, 2011
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Saskatoon Market UpdateIn Saskatoon, residential home sales in the city were up 21% in May and the average number of days on the market was less than a year ago. Both are indicators of an active market environment. An increase in listings meant that people looking for a home had more houses to choose from.
The communities surrounding Saskatoon also saw an increase in residential sales of 21% from May 2010.
The first ...
Posted by Dwain Anderson
on June 14, 2011
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Market UpdateBoth Saskatoon and Regina experienced very similar real estate market conditions in the month of April.
The Saskatoon Region Association of REALTORS® reported that optimism in Saskatoon’s economy remains high which is reflected in consumers’ willingness to invest both in residential and commercial real estate. Renters want to purchase, many current home owners are looking to move ...
Posted by Dwain Anderson
on May 5, 2011
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2010 Was a Positive Year For Saskatchewan Real EstateSaskatchewan experienced balanced real estate market conditions in 2010.
The number of sales in 2010 was down slightly in both the Regina and Saskatoon areas. However, Saskatoon saw a minor drop in sales volume of 2% while Regina saw a slight increase in sales volume of 1%.
The selling prices for homes in 2010 were $263,562 in Regina and an average price of $296,378 in Saskatoon. Remember ...
Posted by Dwain Anderson
on January 10, 2011
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October Housing StartsIn a survey released yesterday, Canada Mortgage and Housing Corporation (CMHC) states that both Regina and Saskatoon saw an increase in housing starts. The multi-family unit production compensated for the slower pace of single-detached homes.
Regina: ...
Posted by Dwain Anderson
on November 9, 2010
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Sask Housing Starts/SeptemberCanada Mortgage and Housing Corporation released Friday that September was another exceptionally busy month for home builders in Regina, Saskatoon and many other Saskatchewan cities.
There were 136 housing starts in the metropolitan Regina area in September, which was up a whopping 67.9 per cent from September of last year.
In the metropolitan Saskatoon area there were 191 starts, which was a 44.7 ...
Posted by Dwain Anderson
on October 13, 2010
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Saskatoon Market UpdateFor the week ending September 4, New Listings were nearly even with last year, down just one home to 230 units added to the market. Firm Sales fell back below 2009 levels by 24.6 percent with 101 units sold. This mix pulled the Ratio of Firm Sales to New Listings down 24.3 percent.
The 2,598 Active Listings for Sale represented a 13.2 percent increase over last year, but overall inventory has ...
Posted by Dwain Anderson
on September 15, 2010
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Housing Market differs between the Prairie ProvincesIn Alberta, there’s a buyers’ market; in Manitoba, there’s a sellers’ market. Here in Saskatchewan, the market is balanced, with resale housing prices that haven’t contracted (as in Alberta), but are expected to increase to a projected 2010 average MLS sales price of $239,250.
While Saskatchewan’s housing sector isn’t expected to experience the record breaking ...
Posted by Dwain Anderson
on September 8, 2010
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Saskatoon--mid-August MarketFor the week ending August 14, New Listings in the Saskatoon region were 20.5 percent higher than last year at this time, with 212 new homes coming onto the market.
Buyer activity remained below last year's levels for the fifth consecutive week, but improved over last week. There were 97 Firm Sales recorded, down 15.7 percent when compared to the same week in 2009.
Inventory levels continue to ...
Posted by Dwain Anderson
on August 24, 2010
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Sask Housing StartsHousing Starts ahead of ‘09 in the Prairies
Canada Mortgage and Housing Corp. (CMHC) released a report showing that homebuilders had a busy July in Saskatoon and Regina.
Year to date, Regina has seen an increase of 61.6% in housing starts.
Saskatoon reported 978 housing starts compared to 446 during the first seven months last year. This area has seen some severe ...
Posted by Dwain Anderson
on August 14, 2010
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