Welcome to 104 – 615 McWillie Ave. A great value for this 3 bedroom, 2 Bathroom, 2 story, Silverspring Townhouse. This home has a very functional floor plan including open kitchen, dining and living area. The pride of ownership shows in this well cared for property that has been upgraded nicely in 2015 with new flooring throughout almost all of the home and was professionally painted from top to bottom. A new dishwasher and hot water heater were installed in 2021. The bedrooms have lots of closet space with the primary bedroom having a walk-in closet. It has central vac, built-in dishwasher, underground sprinklers, lawns, deck, patio, partially fenced. Location is fantastic - close to parks, the U of S and wonderful shopping in either direction. Call to view!
With the cooler temperatures outside, you would normally expect to see the real estate market cool off...but that is definitely not what we are seeing this month.
As of November 22, there were 1095 active listings on the MLS. 600 were single family homes, 495 were condos, and 317 of those condos were apartment style. This is a very low number of listings for this time of the year. To compare, single family homes were down -55% compared to this same time in 2019, and listings were down -22% compared to this same time last year.
We believe that this low level of active listings will continue to decrease. We expect around 71 listings to expire in the next week, and we’ve been seeing over 100 sales per week for the last several weeks. The volume of new listings is not keeping up with the volume of new sales.
This means that if you have a property to sell in this market, it will be competing against fewer homes in the market. Which means your house will likely have more interest and sell quicker.
Sales have also continued to be very strong as we head into winter. As of November 22, there were 302 sales for the month of November. This is up +64% compared to this same time in 2019, and up +19% compared to last year at this time.
We commonly hear from clients that they think they should wait until spring to get their home on the market...but December is actually a great month to sell your home.
Historically, because there are fewer listings on the market, December has some of the highest Sales-to-List ratios of the year. Sales-to-list ratios measure supply and demand by simply dividing the number of sales by the number of new listings. It is a good indicator of the speed at which homes are selling.
When you average out the sales-to-list ratios for the last 3 years, you have an average overall sales-to-list ratio of 42.4%, but in December the average goes up to 61.2%.
This means, over the last three years, December has provided homeowners a 18.8% greater opportunity to sell their home compared to the rest of the year.
Based on the even lower number of listings we’ve seen in November compared to the last couple of years, we may find that this December proves to be a great month to sell your home.
There is still time to get your home on the market to take advantage of the December upswing. If you have any questions about this info, or the current market conditions, we would be happy to go over everything with you.
Welcome to 458 Rutherford Cres. This 1116 sq. ft. 2-storey home has 4 bedrooms and 3 bathrooms. The main floor features a large living room, that opens into the kitchen/dining with upgraded floors and stainless steel appliances, and a 2-pc bath. The second floor has 3 bedrooms and a modern 4pc bathroom. The basement is also fully developed with a large living room, 3pc bathroom, additional bedroom and laundry. This home also features a large deck for entertaining and a heated two-car garage. Book your viewing today!
Welcome home to this 2 bed, 1 bath condo located in Hampton Village. This modern unit has an open concept kitchen and living room area that is perfect for entertaining. The private south-facing balcony brings in lots of sunlight. It also features a 4 piece bathroom, laundry/storage area and two electrified surface parking spots right out front of the unit. This is a wonderful place to call home.
Welcome to 104 – 615 McWillie Ave. A great value for this 3 bedroom, 2 Bathroom, 2 story, Silverspring Townhouse. This home has a very functional floor plan including open kitchen, dining and living area. The pride of ownership shows in this well cared for property that has been upgraded nicely in 2015 with new flooring throughout almost all of the home and was professionally painted from top to bottom. A new dishwasher and hot water heater were installed in 2021. The bedrooms have lots of closet space with the primary bedroom having a walk-in closet. It has central vac, built-in dishwasher, underground sprinklers, lawns, deck, patio, partially fenced. Location is fantastic - close to parks, the U of S and wonderful shopping in either direction. Call to view!
We’ve recently seen several national news headlines talking about how Canada’s housing market is “overheated” and how we should expect a market correction very soon.
One example was a recent report written by the Canada Mortgage and Housing Corp. (CMHC) which stated that the “Canadian housing market has moved from a moderate to a high degree of vulnerability and that the change was prompted by the detection of price acceleration alongside persistent overvaluation imbalances.”
Although these warnings are likely warranted on a national level, we wanted to explain that when you focus more locally, into the Saskatoon real estate market specifically, the statistics definitely tell a different story.
National news media, and reports like the one from CMHC are largely based on statistics that come from the major cities in Canada like Toronto, Vancouver or Montreal. Comparatively, Saskatoon’s market is like a little island of calm amongst all of the madness.
Saskatoon’s market has undoubtedly been HOT since COVID-19 hit. 2020 saw a record high number of sales and 2021 has been even busier. As of October 3rd, the number of homes sold is up 34% compared to the same time in 2020.
Even though our market is busy, our market is still relatively stable. CMHC considers an unbalanced market to have around an 85 per cent sales to listing ratio, which is close to where Toronto and Vancouver are at, but Saskatoon is more in the 60 per cent range.
Also, we don’t have an excess of inventories in Saskatoon. There were 1338 active MLS listings as of Oct 3rd. There were 651 new listings in September which is down -20% for the month compared to September 2020.
Also, average prices are definitely up, but nothing compared to other major cities in Canada. The average sales price in Saskatoon was $362,973 as of October 3rd, which is up +5% compared to this same time in 2020.
The point we wanted to make is that sometimes you have to dig a little deeper into the National news headlines. You might hear that Canada’s housing market is headed for trouble, but when you zoom into Saskatoon’s statistics, our market conditions are actually much more favourable.
This is why it's always best to reach out to us if you see an article on the news and you have questions as to how it relates to our local market. We are happy to go over the data with you to give you a more accurate picture of our market landscape.
Fantastic family home in the Village of Pilger, close to the City of Humboldt as well as Lucien Lake Regional Park. This 5 bedroom home has been very well taken care of. All of the flooring is in very good condition and all appliances and window coverings are included. The large kitchen is bright and has ample storage space. It has a large living room & 3 bedrooms on the main floor and 2 on the second floor. It has a newer furnace and central air conditioning. The backyard is well treed and private with a deck, green space, and garden area. Pilger has a grocery store, gas bar, and a restaurant & bar. If you are looking for an affordable home in a great community this home will impress!
Welcome to 430 Lewin Way. This 1747 sq ft meticulously kept home is also a mortgage helper with LEGAL SUITE in the basement. The main floor has a great open floor plan with lots of natural light, and tasteful decorating. There is a spacious living room and plenty of cabinet space in the kitchen including a convenient pantry with ample storage. Off of the kitchen is a garden door that leads to a deck and nicely landscaped backyard. There is a hot tub off the deck, fenced backyard and underground sprinklers front and back. On the second floor there are three nice sized bedrooms. The main bedroom has a large walk-in closet and a large ensuite bathroom with a walk-in shower. In the basement there is a one bedroom LEGAL SUITE with its own laundry and separate outside entrance. This home also comes with central A/C, central Vac, triple pane windows, humidifier, 2 HRVs, 2 fridges, 2 stoves, 2 dishwashers, 2 microwave hood fans, 2 laundry sets, and the heated 24’x24’ attached garage has a sump pit in it to drain away melted snow. This home is close to schools, local parks/walkway areas, shopping, dining and all amenities that Stonebridge has to offer!
“The Sapphire” is a part of the North Prairie Craftsman Series! This modern open concept 1,793 Sq.Ft two storey home with 3 Beds and 2.5 Baths is the perfect functional layout. The main floor is home to the newly designed kitchen with trendy cabinetry, eat-an island, Throughout this model love the upgraded finishing package. quartz kitchen countertops and bathroom vanities with undermount sinks. The second floor hosts an amazing master bedroom, with a four piece master ensuite, and walk-in closet. Enjoy the convenience of having upper floor laundry. With each bedroom there is a USB plug-in and TV cable so that you can ensure you are always connected when you need to be. Become tech-savy when you are able to control your thermostat through your phone with the Nest Thermostat. Other helpful features include HRV timers, and bathroom light sensors. The Sapphire also includes upgraded craftsman exterior, spacious front verandah, and a double attached garage. All North Prairie homes are covered under the Saskatchewan New Home Warranty program. GST included in purchase price with rebate to builder. *Pictures not exact representations of the unit, used for references purposes only.
Welcome to #310 – 702 Hart Road. This beautiful 3rd floor, corner unit has extra windows for more natural light, a great balcony that has views that don’t face the parking lot, and the sought after 845 sq ft floor plan for extra space. It has an open concept kitchen with ample storage space, an Island, and granite countertops. The home has laminate flooring throughout the main living spaces and carpet in the two bedrooms. All appliances and window treatments are included and has in suite laundry. Enjoy the air conditioning, natural gas BBQ outlet and an electrified parking stall. This home is within walking distance to parks, shopping, restaurants, schools, Shaw Centre aquatic and fitness centre, and bus service. Visit the virtual tour https://www.youtube.com/watch?v=pgzPWAgwYkM
Welcome to 430 Lewin Way. This 1747 sq ft meticulously kept home is also a mortgage helper with LEGAL SUITE in the basement. The main floor has a great open floor plan with lots of natural light, and tasteful decorating. There is a spacious living room and plenty of cabinet space in the kitchen including a convenient pantry with ample storage. Off of the kitchen is a garden door that leads to a deck and nicely landscaped backyard. There is a hot tub off the deck, fenced backyard and underground sprinklers front and back. On the second floor there are three nice sized bedrooms. The main bedroom has a large walk-in closet and a large ensuite bathroom with a walk-in shower. In the basement there is a one bedroom LEGAL SUITE with its own laundry and separate outside entrance. This home also comes with central A/C, central Vac, triple pane windows, humidifier, 2 HRVs, 2 fridges, 2 stoves, 2 dishwashers, 2 microwave hood fans, 2 laundry sets, and the heated 24’x24’ attached garage has a sump pit in it to drain away melted snow. This home is close to schools, local parks/walkway areas, shopping, dining and all amenities that Stonebridge has to offer!
This beautiful 2 storey, 2025 sq. ft. home comes complete with a Smart Home Package. This package includes solar-ready features, Nest Learning Thermostat and the Amazon Echo. On the main floor of this home, you can enjoy friends and family in the open concept living area, which boasts a beautiful chef-style kitchen, complete with a large corner pantry and a half bath. On the second floor this home is complete with a beautiful owner’s suite, with a 5 piece ensuite bathroom, not 1 but 2 walk-in closets! 2 additional spacious bedrooms are located on the second floor, with an additional upper floor bathroom, upper floor laundry and a bonus room which is perfect for movie nights or just relaxing. Pictures are from the recent show home of this model and do not reflect the same finishes
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