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New property listed in Brighton, Saskatoon

I have listed a new property at 326 Chelsom MANOR in Saskatoon. See details here

Welcome to the "Bronx” This 1591 sq ft 2 storey features a spacious front entrance. Entering from the insulated and drywalled garage, you are greeted with a mud area containing a large locker area continuing into the walk through pantry, and open concept great room with fireplace, lots of cabinets in kitchen and 7' island, with quartz countertops and beautiful tiled backsplash. Oversize patio doors in the dining room and large windows in living room provide lots of natural light. The 2nd floor features a bright and spacious Primary bedroom with oversized triple pane windows, a gorgeous 5' tiled shower, 2 vanities with undermount sinks, and a roomy walk-in closet. You will find 2 more generous size secondary bedrooms, a 4-piece bath, a very large linen closet, and the laundry area which comes with a floor drain for peace of mind. This home comes complete with Central A/C. All Pictures may not be exact representations of the home, to be used for reference purposes only. Errors and omissions excluded. Prices, plans, specifications subject to change without notice. All Edgewater homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder. Home is ready for possession.

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New property listed in Brighton, Saskatoon

I have listed a new property at 329 Chelsom MANOR in Saskatoon. See details here

Welcome to the "Broadway" Edgewater's newest plan in the desirable neighbourhood of Brighton. This 2 storey is sure to impress. Entering from the insulated garage, you step into a mud room with a bench and hooks to store your outerwear. You continue through the walk through pantry into the spacious great room. The kitchen has lots of cabinets, quartz countertops and beautiful tiled backsplash. The island is 7' long with an eating ledge. Over sized patio doors in dining room and large windows in the living room create a spacious light filled area. The focal point of the great room is the fireplace. On the second floor, the Primary bedroom includes a feature wall, the ensuite has double sinks in the vanity and a beautifully tiled shower. You will find a bonus room and 2 secondary bedrooms and a 4 piece bath as well. 2nd floor laundry completes this floor. All Pictures may not be exact representations of the home, to be used for reference purposes only. Errors and omissions excluded. Prices, plans, specifications subject to change without notice. All Edgewater homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder.

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New property listed in Brighton, Saskatoon

I have listed a new property at 547 Doran WAY in Saskatoon. See details here

Welcome to Edgewater Homes newest model. “The Madison” This cozy 2-bedroom, 2-bathroom bungalow offers a comfortable living space with high vaulted ceilings and plenty of natural light from the west-facing backyard windows. The open living and dining areas are great for everyday living or having friends over. The kitchen stands out with its quartz countertops and eat at island. The bedrooms are comfortable with the Primary bedroom having its own 4PC bathroom. The backyard is a good size, facing west, and waiting for your personal touch. Living in Brighton means being part of a welcoming community, with parks and shops nearby. *THIS HOME IS UNDER CONSTRUCTION AND WILL BE COMPLETED BY DECEMBER 2024* All Pictures may not be exact representations of the home, to be used for reference purposes only. Errors and omissions excluded. Prices, plans, specifications subject to change without notice.  All Edgewater homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder.

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New property listed in Brighton, Saskatoon

I have listed a new property at 122 Chelsom BEND in Saskatoon. See details here

BACKYARD IS COMPLETE WITH DECK, FENCE, AND LANDSCAPING! "The Queens", a 2088 square foot 2 storey with the an expanded main floor with a large living and dining room area. Entering the home from the oversized fully insulated garage, you step into the mudroom, The mudroom is conveniently attached to the walk through pantry. The kitchen features an oversize island with eating ledge, undermount lighting, gorgeous backsplash and gleaming quartz countertops. The great room features large windows, and oversize patio doors for an abundance of light. The fireplace is a stunning focal point in the room. The addition of the office/flex area adjacent to the front entrance is a perfect work from home space. Upstairs, the primary bedroom is spacious. The ensuite is nice and bright with a window, and has an 8' vanity with double sinks and a generous amount of drawers for storage. a 5' custom tiled shower, a linen closet and a private water closet round out the ensuite. From there, you enter directly into the walk through closet with lots of double rods and shelving for your wardrobe. Exiting the closet, you pass directly into the laundry room equipped with lower cabinets and quartz counertop and sink for easy laundry tasks. 2 additional bedrooms, a 4 piece bath and a central bonus/flex area finish this floor. NOTABLE INCLUSIONS: Central A/C, deck with metal railing, front and back landscaping, fully fenced backyard, concrete driveway, All Pictures may not be exact representations of the home, to be used for reference purposes only. Errors and omissions excluded. Prices, plans, specifications subject to change without notice. All Edgewater homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder.

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New property listed in Stonebridge, Saskatoon

I have listed a new property at 611 Sutter MANOR in Saskatoon. See details here

Discover the allure of this two-story home in the desirable Stonebridge neighborhood. where sophistication meets comfort. The heart of the home, a gourmet kitchen, boasts dark wood cabinets and stainless-steel appliances. Retreat to one of three plush bedrooms each featuring a walk-in closet, offering a personal haven of relaxation. The 2.5 baths are accented with modern touches. Step onto the expansive deck for serene evenings or lively social gatherings. An attached double garage completes this picture of suburban bliss

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New property listed in Brighton, Saskatoon

I have listed a new property at 313 Chelsom MANOR in Saskatoon. See details here

Welcome to the "Bronx” This 1591 sq ft 2 storey features a spacious front entrance. There is a mudroom area containing a large locker area continuing into the walk through pantry, and open concept great room with fireplace, lots of cabinets in kitchen and 7' island, with quartz countertops and beautiful tiled backsplash. Oversize patio doors in the dining room and large windows in living room provide lots of natural light. The 2nd floor features a bright and spacious Primary bedroom with oversized triple pane windows, a gorgeous 5' tiled shower, 2 vanities with undermount sinks, and a roomy walk-in closet. You will find 2 more generous size secondary bedrooms, a 4-piece bath, a very large linen closet, and the laundry area which comes with a floor drain for peace of mind. All Pictures may not be exact representations of the home, to be used for reference purposes only. Errors and omissions excluded. Prices, plans, specifications subject to change without notice. All Edgewater homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder.

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Saskatoon Real Estate Market: January 2024 Snapshot

In January 2024, Saskatoon's housing market was buzzing, reflected in both the sales volume and average sale price movements.

Inventory

As of February 1, 2024 there were 698 homes listed on the Saskatoon MLS. January experienced a slight downturn in the number of new listings, which totalled 364, marking a 12% decrease both for the month and YTD when compared to the previous year's count of 414 new listings in January. This reduction suggests a tightening market, where demand could potentially outstrip supply. This means, as a seller, you'd find a bit less competition for your listing. There are fewer homes on the market, making it a bit easier for your listing to stand out.

Sales Volume

Sales performance saw a significant increase, with the number of properties sold rising by 22% for the month, as well as year-to-date (YTD), reaching a total of 245 sales. This marked a considerable growth compared to the same period last year, which recorded 201 sales, translating to an increase of 44 units. Such an upward trend underscores a growing buyer interest which is pretty great news for sellers.

Average Price

Also, for sellers, it keeps getting better. The average price for a home sold in January was $385,259, which is a pretty big jump—about 10.8% more than last year. So, homes are not only selling, but they're also selling for more.

Summary

All in all, January was a great month for Saskatoon's real estate market. More homes were sold, there were fewer new listings, and prices were up. It's a good time to be selling a house in Saskatoon!

Saskatoon Real Estate Market Statistics at a glance:

  • Active Listings: 698

  • Sales Increase: +22% (Month and YTD)

  • Sold Properties: 245 (in areas S1 - S5)

  • Comparison to Last Year: +44 units sold

  • New Listings: 364, down 12% (Month and YTD)

  • Average Sale Price (MTD and YTD): $385,259, up 10.8% from last year

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com


🌐 Website: www.taitrealestate.ca

Reach out today and let's make your property dreams a reality in the heart of Canada!

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Renovate to Navigate: Leveraging Home Improvements as a Strategy Against Low Inventories

Hey there! Dreaming of buying or selling a home in Saskatoon? Whether you're looking to step into a new home, sell your current one, or simply enhance where you live, understanding the power of renovation can be your key to success. With the current tight listing inventory, finding or creating the perfect home might require a bit of creativity.

For buyers, the challenge of finding a home that ticks all the boxes right away might seem daunting. However, purchasing a home with solid fundamentals in your desired area and renovating it to suit your tastes and needs can turn it into your dream space. It's a strategy that can unlock potential you might not have seen at first glance.

For sellers, sprucing up your property before listing can make a huge difference. Strategic renovations can not only help your home sell faster but also potentially increase its sale price. It’s about showcasing your home’s best features and making it stand out in the market.

And for those not looking to move, renovating your existing space can rejuvenate your love for your home, adding functionality, style, or even value if you decide to sell down the line.

Looking to Buy and Renovate for Personal Enjoyment or Resale?

If the perfect home seems just out of reach you might want to consider these strategies:

  • Purchase Plus Improvements - For buyers, this option allows you to add renovation costs into your mortgage, making it easier to transform an almost-right house into your ideal home from the start.

  • Government Assistance Programs - Available to both buyers and sellers, these programs offer financial support for renovations that improve energy efficiency, accessibility, and more, potentially increasing your home's appeal and value.

Enhancing Your Current Home

Looking to boost your home's value or enjoy your space more? Here are some financing options to consider:

  • Home Equity Loans and HELOCs - A great way to fund significant renovations, whether you’re aiming to increase your home's market value or just upgrade your living conditions.

  • Mortgage Refinancing - Refinancing can provide the funds for extensive renovations by tapping into your home’s increased value, allowing for a wide range of improvement projects.

Expert Guidance for Your Real Estate Journey

Choosing a realtor with construction knowledge and experience can be a game-changer. Jamie and Ross at Tait Real Estate are not just experts in the Saskatoon real estate market; they also bring a wealth of construction know-how to the table. This expertise is invaluable, offering personalized suggestions for potential modifications and renovations to make any house feel uniquely yours.

Having an agent with a background in construction means you’ll get insights into what aspects of a home you can (and cannot) renovate, along with advice on the renovations that will bring you the most value, whether you're planning to sell in the future or want to enjoy your home for years to come. They can help you see beyond a property's current state, envisioning the transformation that can turn a potential home into your dream space. This perspective is especially crucial in a market where finding a ready-to-move-in home that meets all your criteria can be challenging. With their guidance, you can make informed decisions, ensuring your investment is not just safe but also potentially more rewarding.

Financing Your Renovation Dreams

Whether you’re eyeing renovations to sell for a higher price, buying a new place to make your own, or just wanting to love your home a little more, we recommend contacting Deb Murdoch to help with all your financing needs.

Deb Murdoch
The Mortgage Group
(306) 222-7900
debm@mortgagegroup.com

Together, we’ll navigate the best options to fund your renovations, aligning your projects with your financial goals.

Get in touch today, and let’s make your home dreams a reality!

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com


🌐 Website: www.taitrealestate.ca

Reach out today and let's make your property dreams a reality in the heart of Canada!

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New property listed in Silverwood Heights, Saskatoon

I have listed a new property at 415 Mallin CRES in Saskatoon. See details here

If location matters, then welcome to 415 Mallin Crescent, a charming bungalow nestled in the desirable neighborhood of Silverwood Heights in Saskatoon. This spacious home boasts 1640 square feet of comfortable living space, offering ample room for your family to thrive. Conveniently located half a block from Meewasin Trail and parks, this home offers easy access to outdoor recreation and natural beauty. Upon entering, you'll be greeted by a warm and inviting atmosphere, highlighted by the open-concept layout featuring recent upgrades and abundant natural light. Ample storage space is provided throughout the home, including a built-in pantry in the kitchen, offering convenient storage for all your culinary needs and a delightful sunroom off the kitchen, adding a touch of modern elegance to the home. This home offers four generously sized bedrooms, providing flexibility and privacy for all members of the household. The primary bedroom boasts an ensuite bathroom with heated floors and a huge walk-in closet, offering a peaceful retreat at the end of a long day. All appliances, including a gas range, are included with the home, ensuring a seamless move-in experience for the new owners. Step outside to discover the expansive backyard, perfect for enjoying the beautiful Saskatchewan weather. Whether you're hosting summer barbecues or simply unwinding in the sunshine, this outdoor space is sure to impress. As per sellers direction, presentation of offers will take place Monday Feb 12th at 2:00pm.

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New property listed in Stonebridge, Saskatoon

I have listed a new property at 611 Sutter MANOR in Saskatoon. See details here

Discover the allure of this two-story home in the desirable Stonebridge neighborhood. where sophistication meets comfort. The heart of the home, a gourmet kitchen, boasts dark wood cabinets and stainless-steel appliances. Retreat to one of three plush bedrooms each featuring a walk-in closet, offering a personal haven of relaxation. The 2.5 baths are accented with modern touches. Step onto the expansive deck for serene evenings or lively social gatherings. An attached double garage completes this picture of suburban bliss.

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Saskatoon Real Estate Market Stats - December 2023

The Saskatoon real estate market in December 2023 showed noteworthy trends, reflected in several key statistics:

Active Listings: The total number of Active MLS listings is 692.

Sales Performance: There was a significant increase in sales for the month, up by 14%, with a modest year-to-date (YTD) increase of 1.5%. A total of 230 properties were sold during the month, which is a notable increase from the 202 properties sold in the same period last year, representing an addition of 28 units. This upward trend in sales volume is a positive indicator for the Saskatoon real estate market.

New Listings: The market witnessed 248 new listings in December. This figure represents a 7% increase compared to the same month last year. However, when looking at the year-to-date numbers, there is a decrease of 7%, from 418 last year to the current number.

Average Sale Prices: The Average Sale Price for the month was $373,422. This is a slight increase of 0.48% from $371,646 in December 2022. The Year-to-Date Average Sale Price also saw an increase. Standing at $375,123, it represents a 2% increase from the previous year's $368,891.

Summary: Overall, the Saskatoon real estate market in December 2023 experienced a boost in sales volume with a moderate increase in average sale prices. The number of new listings rose for the month but showed a decrease on a year-to-date basis. These figures suggest a steady demand in the market, coupled with a relatively stable pricing environment, making it a potentially attractive time for both buyers and sellers in the region.

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟
Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com

🌐 Website: www.taitrealestate.ca

Reach out today and let's make your property dreams a reality in the heart of Canada!

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Bank of Canada Holds Rates again: What this means for you?

Hey there!

Just wanted to drop in with some news from the real estate world. The big headline is that the Bank of Canada's key interest rate is staying put at 5.00%. After a bunch of hikes last year, they're hitting the pause button for now.

So, what's the deal with all this? Well, the Bank's been really focused on inflation, trying to keep it from getting out of hand. They're hoping things will start to cool down, with the economy growing a bit slower this year.

Now, let's talk about what this means for you, especially if you're thinking about buying a home or you've got a mortgage. If your mortgage rate changes with the market (that's a variable-rate mortgage), there's no change for now – your rate stays the same. And if you locked in your mortgage rate (that's a fixed-rate mortgage), you're also not affected by this news.

We're keeping an eye on the next update from the Bank, which is coming up on March 6. And here's the thing – if all this talk about rates and mortgages feels a bit like a puzzle, don't worry. We’re here to help make sense of it all. Whether you're looking to buy soon or just trying to figure out how these changes might affect your plans, let's chat. We can help you understand what this means for you personally and explore your best moves in the current market.

Feel free to reach out anytime. We’re here to help you navigate the real estate world with ease.

Catch you later,

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟
Saskatoon's Premier Real Estate Experts

Jamie Tait
📞 Phone: 306-203-0004
📧 Email: jtait@realtyexecutives.com

Ross Tait
📞 Phone: 306-230-2338
📧 Email: rtait@realtyexecutives.com

🌐 Website: www.taitrealestate.ca

Reach out today and let's make your property dreams a reality in the heart of Canada!

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The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
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