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New property listed in Rosewood, Saskatoon
I have listed a new property at 611 werschner CRES in Saskatoon.
Welcome to 611 Werschner Cres. This beautiful 4 bedroom, 3 bathroom, modified bi-level sits across the street from Adams Park park. It has a large heated 24 x 24/20 garage. The main floor has vaulted ceilings, an open concept kitchen, living, and dining area with an a large island. The main floor also has 2 bedrooms, a 4pc bathroom and laundry. Upstairs in the primary bedroom you will find a large bedroom with a spa-like bathroom and huge walk in closet. The basement is fully finished complete with living room, bathroom, bedroom, separate nook and hidden space under the stairs. The back yard is fully finished. It has back alley access and space to park on the gravel pad. This home is walking distance to elementary schools and a must see. Book your viewing today!
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New property listed in Fairhaven, Saskatoon
I have listed a new property at 208 Lochrie CRES in Saskatoon.
Welcome to 208 Lochrie Cres. This charming bi-level home was built in 2000 and is move in ready. Granite countertops in kitchen, Central A/C, 2 gas fireplaces, and a large deck out back. All appliances are included. There is a non-legal, studio style suite in basement. All of the appliances comes with the suite as well and it has its own separate laundry. Owner has use of family room and own laundry in basement. The basement family room could be used as an extra bedroom as well. The suite makes up the remainder of basement but has its own with separate entry. You can’t get access to the suite except by using the outside entrance. Excellent set up. This is a great opportunity for someone wanting a newer home that has the added benefit of a basement suite. The home is a Semi-detached build but the units are only connected by a shed there are no shared walls.
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Summer is almost officially here, and the weather is getting hotter in Saskatoon! Should you expect the market to slow down in summer because people are away on holidays? Are rising interest rates changing the local market conditions?

We know you have questions…so we’ve put together our Summer 2022 Real Estate Market Preview! We are going to review the current market stats, share our analysis of the current market conditions and give our predictions for the summer season… so that you have the information you need if you’re planning to buy or sell in Saskatoon.

Sales are staying strong in Saskatoon!

In May, there were 541 home sales which represents a slight decrease in sales of -5.4% compared to May 2021, where we saw 572 sales. But this is still a very high volume of sales if you compare it to pre-pandemic levels.

People commonly assume that the real estate market slows down in the summer months due to people being away on vacation. But we expect the market to stay strong throughout the summer. We are still seeing lots of buyers in the market looking for homes to purchase.

In our experience, since everyone is so connected now with their phones and better rural wifi access, most of our clients are still checking their emails for listings while they are on vacation or at the lake. Plus, most people are only gone for a couple of weeks at a time, not the whole summer. As well, most of our listing and purchase documents are signed electronically now so if you’re away you can still sign an offer from wherever you are.

We’ve also seen some urgency from buyers recently due to rising interest rates. Some buyers want to purchase a home sooner rather than later, so that they can lock into a lower interest rate before more interest rate hikes happen.

We think that summer is still a great time to get your home on the market. Especially since inventories are still relatively low in Saskatoon.

Inventories are still low!

There were 1190 active listings as of June 3rd, and there were 858 listings added to the MLS in May. This means that new listings were down -15.6% compared to May of 2021.

This lower supply of homes means that there may be more competition and homes may sell faster.

As always, if you would like any information on buying or selling your home, or about the real estate market in general in Saskatoon, don’t hesitate to contact either of us.

Thanks and see you next month!



SASKATOON REAL ESTATE MARKET STATISTICS
As of June 3rd, 2022


Total Active listings: 1190
New listings in March: 858
Single Family Homes: 746
Condos: 444
Apartment Style Condos: 300
New Listings are down -15.6% compared to May 2021 


Sales in March: 541
Sales are down -5.4% compared to May 2021


Average Sale price: $367,504
Average Sales Price is up -0.01% compared to 2021


Contact Us:

Tait Real Estate - Realty Executives Saskatoon

Jamie Tait - 306.203.0004 - jtait@realtyexecutives.com

Ross Tait - 306.230.2338 - rtait@realtyexecutives.com



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New property listed in Rosewood, Saskatoon
I have listed a new property at 114 Keith WAY in Saskatoon.
Home is currently being built. The Emerald model is a 2 storey, 1903 sq. ft. 3 car garage. home complete with 3 beds, flex room, bonus room, and 2.5 baths. The beautiful master bedroom is complete with a huge walk in closet and a 5 piece en suite bathroom. quartz countertop in the kitchen and bathroom vanities. Laminate flooring throughout the main floor. All North Prairie homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder. Pictures may not be exact representations of the unit, used for reference purposes only. Errors and omissions excluded. Prices, plans, promotions and specifications subject to change without notice.
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New property listed in Rosewood, Saskatoon
I have listed a new property at 566 Stilling WAY in Saskatoon.
Welcome to 566 Stilling way. This 1460 sq. ft. two-story home is complete with 4 beds and 3.5 baths. The oversized master bedroom is complete with plenty of natural light, a huge walk-in closet, and an ensuite bathroom. The main floor has 9' ceilings, laminate floors and quartz countertops in the kitchen. This home offers a LEGAL 1 bedroom, 1 bath basement suite with an open concept living room/ kitchen area and its own laundry and separate entry. This home is on a corner lot. The 2-car garage and deck are also finished.
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New property listed in Holliston, Saskatoon
I have listed a new property at 1522 Louise AVE in Saskatoon.
Welcome to 1522 Louise Ave. This 1576 sq ft 4 bedroom, 3 bathroom bungalow is nestled in the beautiful neighborhood of Holliston. There is a large living room, formal dining room, functional kitchen with a good size eating nook. Furnace was replaced in 2017, shingles in 2018 and hot water heater in 2016. There are underground sprinklers front and back, central A/C, single attached garage and a double detached garage. The legal one bedroom basement suite could be a definite mortgage helper. Centrally located, close to schools, parks and shopping. Separate dining room was once a bedroom and could be turned back into one fairly easily. With a little TLC and updating this spacious home could be the gem in the neighborhood.
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New property listed in Rosewood, Saskatoon
I have listed a new property at 511 Keith TURN in Saskatoon.
The Bronco model is a 2 storey, 1903 sq. ft. home complete with 3 beds, flex room, bonus room, and 2.5 baths. The beautiful master bedroom is complete with a huge walk in closet and a 5 piece en suite bathroom. quartz countertop in the kitchen and bathroom vanities. Laminate flooring throughout the main floor. this model also has a side entry and the option of basement development. All North Prairie homes are covered under the Saskatchewan New Home Warranty program. PST & GST included with rebate to builder. Pictures may not be exact representations of the unit, used for reference purposes only. Errors and omissions excluded. Prices, plans, promotions and specifications subject to change without notice.
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