I have listed a new property at 231 Marcotte WAY in Saskatoon. See details here
Welcome to 231 Marcotte Way, nestled in the heart of the Silverwood Heights neighborhood in Saskatoon. This charming 4-level split home offers a warm and inviting atmosphere, perfect for families looking to settle in a great location.
This spacious home boasts 1,346 square feet of thoughtfully designed living space. With 4 bedrooms and 3 bathrooms, there's plenty of room for everyone to enjoy their own space. The main floor welcomes you with a bright and airy living room featuring vinyl plank flooring, leading to a dining area perfect for family meals. The well-appointed kitchen is equipped with modern appliances. On the second level, there is a good-sized primary bedroom with a 3-piece ensuite bathroom. Two additional bedrooms and a 4-piece bathroom complete this level. Step down to the third level, where you'll find a generous family room. An additional bedroom and a 4-piece bathroom make this level perfect for guests or a growing family. The basement features a versatile den that can be used as a home office or playroom, along with a convenient laundry area. The backyard space has a deck and is fully fenced. The home also includes an attached 2-car garage. This home offers the perfect blend of comfort and functionality at an affordable price. Don't miss the opportunity to make this wonderful house your new home.
I have listed a new property at 3437 Dieppe ST in Saskatoon. See details here
Welcome to 3437 Dieppe Street. Step into this raised bungalow, in the sought after neighbourhood of Montgomery Place. This spacious 1,490 sq. ft. home includes 4 bedrooms and 3 bathrooms, situated on a large 8614 sq. ft. lot. The main floor features a spacious living room, an adjacent dining room perfect for family meals and a functional kitchen. Three generously sized bedrooms are located on the main floor, including the primary bedroom which features its own 2-piece en suite. Downstairs is fully finished, complete with a large family room, an additional bedroom and a spacious 5-piece bathroom. The outdoor space features a large fenced backyard and mature trees and shrubs that provide privacy and a touch of nature. Additional highlights of this property include central air conditioning, and a 2-car attached and insulated garage. Located in a friendly and established community, 3437 Dieppe Street is close to schools, parks, and all the amenities you need. Don’t miss out on the opportunity to make this house your home!
I have listed a new property at 506 Stilling WAY in Saskatoon. See details here
This inviting home with a legal suite is just minutes from local schools and across the street from a park. This charming, 1,460 sq ft two-story home features an open-concept main floor with a bright living room, dining area, and kitchen, perfect for entertaining and everyday living. A convenient 2-piece bathroom completes the main floor. Upstairs, the spacious primary bedroom with an ensuite is accompanied by two additional bedrooms, a 4-piece bathroom and laundry. The legal basement suite has its own kitchen, living area, bedroom, bathroom, laundry and entrance, making it an excellent opportunity for rental income or additional family space. The south-facing backyard bathes the home in natural light and includes a welcoming rear deck, and a double detached garage. This home is a must see!
I have listed a new property at 1911 Munroe AVE S in Saskatoon. See details here
Welcome to 1911 Munroe Ave. A charming home in a beautiful location. Pride of ownership is evident from the moment you step onto the property. This 912 sq/ft, 3 bedroom, 2 bathroom home features a detached studio ideal for a home-based business providing a private and professional workspace, or study area, home gym etc... This versatile space is heated with a natural gas heater and cooled with A/C, ideal for year-round use. The many upgrades in the home include newer windows, hot water heater 2021, furnace 2019, shingles 2015, central A/C 2019 and driveway 2019. The kitchen has stainless steel appliances and ample storage space. The enclosed deck is an ideal space to unwind at the end of the day or to start your day with a coffee in the morning. The large double garage has a 220 plug, plenty of space for vehicles and additional storage. Conveniently located across from a park and close to schools and amenities, this house is ready for you to move in and call home. Open house Sat May 25, 2:00 – 4:00
I have listed a new property at 147 Doran WAY 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.
In this months update, we break down the current Saskatoon market trends, and what they mean for you.
The Saskatoon real estate market is currently showing strong and encouraging trends. There's been a noticeable increase in sales, with 29% more homes sold this month compared to last year. Additionally, home prices are on the rise, with a 7% rise year-to-date.
This healthy market growth makes it a great time to consider buying or selling a home in Saskatoon. We are seeing properties sell quickly, in some cases with multiple offers and even over asking price.
In April 2024, the Saskatoon real estate market experienced vibrant and positive trends.
Sales Volume - This year has seen a significant uptick in property sales, with a 29% increase this month alone, and a 14.5% rise year-to-date. Specifically, there have been 522 properties sold this month, a substantial increase from the 406 sold during the same period last year. This represents an impressive addition of 116 units sold compared to April last year.
Inventory - There are 582 active MLS listings in the city as of May 1st, 2024. the market welcomed 728 new listings in April marking a 9% increase over last April. However, looking at the year-to-date figures, new listings have slightly decreased by 1.2%.
Average Price - The average sale price also shows a robust growth, with the month-to-date average reaching $394,213—an 8% increase from $366,626 in April last year. The year-to-date average sale price stands at $388,891, up 7% from $364,713 in the same period in 2024.
Summary - These figures indicate a healthy and growing real estate market in Saskatoon, making it an opportune time for both buyers and sellers.
🏡 Tait Real Estate - Realty Executives Saskatoon 🌟
I have listed a new property at 167 Stilling MEWS in Saskatoon. See details here
Discover your new home at 167 Stilling Mews, This charming 1,460 sq ft two-story home perfectly combines functionality with modern aesthetics. The open-concept main floor features a bright living room, dining area, and kitchen, ideal for entertaining and everyday life, complemented by a convenient 2-piece bathroom. Enjoy the west-facing backyard that fills the home with natural light and offers a welcoming rear deck. Upstairs, the spacious primary bedroom comes with an ensuite, accompanied by two additional bedrooms and a 4-piece bathroom. The fully developed basement provides a cozy family room and an extra bedroom. Perfectly located within walking distance to schools and shopping, 167 Stilling Mews offers both comfort and convenience.
I have listed a new property at 536 3rd AVE in Young. See details here
Welcome to 536 3rd Ave in Young. This spacious and functional home is 2002 sq ft, has 5 bedrooms, 2 full bathrooms, main floor laundry with a large primary bedroom on the main as well. There's plenty of space for a large family or guests. The open concept kitchen and dining area has lots of natural light and more than ample storage space. Having main floor laundry and a bedroom adds convenience and accessibility. There are three large bedrooms and a full bathroom on the second floor with an additional bedroom, family room and den in the basement along with a gas fireplace. Triple pane windows throughout offer excellent insulation and energy efficiency, while a newer furnace, hot water heater and central A/C ensure comfort year-round. The oversized single car heated garage and the 24' x 40' heated shop, both with paved driveways, offers more than 40' of paved driveways. Great additions for anyone who loves working on projects or hobbies. The shop has a 200 Amp service and 100 Amp in the house. Shop includes a metal I beam with winch. There is also a SeaCan and shed for additional storage as well. This setup offers both comfort and functionality—a real gem of a property!
I have listed a new property at 1605 Adelaide ST in Saskatoon. See details here
Welcome to 1605 Adelaide St. This 1952 sq ft two story home is located in the sought after neighborhood of Nutana Park. With its spacious layout, 4 bedrooms on the second floor, and updated features like stunning refinished hardwood floors throughout the main floor, this home is sure to impress. The oversized great room with its gas fireplace and a separate family room, both on the main floor, offer a generous amount of space to unwind, celebrate or spend family time. The finished basement adds even more space for family and friends. Newer windows, furnace & hot water heater, and 2” rigid foam insulation on the exterior add to the homes comfort and energy-efficiency. The addition of a maintenance-free deck, greenhouse, and RV parking adds great value and versatility to the park like backyard. The double long attached garage and double wide driveway offer plenty of off-street parking. The homes proximity to parks and a number of schools adds to its appeal.
Looking for something fun to do with the family this Easter weekend? We’ve put together a list of the Top 10 fun activities to do in Saskatoon this Easter weekend:
1️⃣ Easter Egg Hunts: Dive into the fun at the Saskatoon Farmers’ Market on Saturday, March 30, from 8:00 AM to 2:00 PM, or enjoy the rustic charm of Champetre County on the same day.
2️⃣ Draggins Rod and Custom Car Show: For car lovers, this is a must-see on March 29 and 30. It’s the longest-running club-operated car show in Canada!
3️⃣ Culinary Delights: Savor the Easter Buffet at The Berry Barn on Sunday, March 31. A beautiful setting for a family meal.
4️⃣ Picasso’s Ceramic Studio: Explore Picasso’s ceramics at Remai Modern until April 15, 2024. Admission is by donation, making it a great family art outing.
5️⃣ Cineplex Family Favourites: Catch a movie for only $3.99 at participating Cineplex theatres on Saturday mornings.
6️⃣ Easter at the Farm: Head over to My Bonny Farms on March 30-31, from 10am to 4pm, for endless fun with bouncy castles, mini donkeys, hay rides, and more.
7️⃣ Discovery Cinema: Clueless: Watch “Clueless” at the SaskTel Theatre – Remai Modern on Saturday, March 30. A great way to chill with the family.
8️⃣ Easter Craft and Bake Sale by SCAT Street Cat Rescue: Don’t miss out on unique crafts and delicious bakes at Market Mall on March 30, from 9:30 AM to 5:30 PM.
9️⃣ Watch a Show at the Refinery: “James and the Horse Pirates” will be showing from March 29 to April 7. It’s an adventure you won’t want to miss.
🔟 Bird Watching Adventure: Spring into bird watching. The Easter weekend is a fantastic time to start this relaxing activity. The Saskatoon Public Library even offers Birding Backpacks to help you and your family spot and identify different bird species.
Grab your family and friends, and make the most of this Easter weekend in Saskatoon. There’s plenty to do, so let’s get out there and enjoy it!
Let us know what your planning to do. Did we miss something?
In the ever-evolving real estate market, one question seems to perennially loom over prospective homeowners: "Should I wait for interest rates to drop before buying my dream home?" It's a complex decision, with potential savings in interest payments on one side and the risk of rising property prices on the other. Let's explore what waiting for that seemingly perfect interest rate really means for your wallet and whether it truly aligns with smart home buying strategy.
The Interest Rate Dilemma
Imagine you've found your ideal home priced at $445,000. The thought crosses your mind: would it be wiser to wait for interest rates to fall? After all, even a 0.50% drop in rates could save you a significant amount in interest over the years.
Taking a hypothetical scenario where waiting does result in a 0.50% rate reduction, you could save around $10,547 in interest over five years. At first glance, waiting appears financially savvy. However, this calculation doesn't consider the full picture.
The Reality of Real Estate Prices
While you wait for rates to drop, the real estate market isn't standing still. Property prices tend to increase, especially when interest rates decrease and more buyers enter the market. This influx of buyers, driven by the more attractive rates, can push prices up due to increased demand and limited supply.
If the type of home you're eyeing appreciates by $20,000 to $30,000 during your waiting period, the initial savings on interest quickly diminish. In essence, the delay could end up costing you more than if you had purchased the home at the higher interest rate.
Timing vs. Opportunity
The timing in the housing market is a delicate dance. While aiming for the perfect moment to buy can seem like a prudent strategy, it often leads to missed opportunities. The market's unpredictable nature means prices could escalate beyond your savings on interest rates, leaving you in a less advantageous position.
The Bigger Picture: Saskatoon's Real Estate Market
To put this discussion into context, let's look at the current dynamics of the Saskatoon real estate market:
Active Listings: Sitting at 548. While new listings have slightly increased by 2% for the month, they've decreased by 5% YTD, suggesting a tightening inventory.
Sales Increase: There's been a notable +22% rise in sales, both monthly and year-to-date (YTD), highlighting a bustling market.
Sold Properties: With 309 properties sold, it demonstrates robust activity.
Comparison to Last Year: Sales have surged by +56 units sold compared to the previous year, further emphasizing the market's growth.
Average Sale Price (YTD): The average sale price has reached $374,787, marking a 6.3% increase from last year, illustrating the upward trend in property values.
Conclusion
Navigating the decision to buy a home amidst fluctuating interest rates and changing market conditions can be daunting. However, understanding the broader implications of waiting for the perfect rate is crucial. The Saskatoon real estate market statistics serve as a tangible reminder of the market's dynamic nature and the importance of weighing the potential cost of waiting against the backdrop of overall market trends.
Ultimately, the decision to buy should align with your financial readiness and personal circumstances, rather than trying to time the market perfectly. Remember, the right time to buy is when it feels right for you, keeping in mind that the market waits for no one.
As always, if you have any questions about the current market conditions in Saskatoon, please reach out to us. We are always happy to help!
🏡 Tait Real Estate - Realty Executives 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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