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Tait Real Estate May Market Update

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 $394,213โ€”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.

๐Ÿก Tait Real Estate - Realty Executives Saskatoon ๐ŸŒŸ

Saskatoon's Premier Real Estate Experts

Jamie Tait
๐Ÿ“ž Phone: 306-203-0004
๐Ÿ“ง Email: jtait@realtyexecutives.com

Ross Tait
๐Ÿ“ž Phone: 306-230-2338
๐Ÿ“ง Email: rtait@realtyexecutives.com

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Saskatoon Real Estate Market Stats - October 2023

he Saskatoon real estate market in October 2023 shows a dynamic landscape:

Active Listings: There were 898 active MLS listings

Sales Performance: Sales experienced a significant increase of 20% compared to the same month last year. Specifically, there were 382 sales, surpassing the 319 sales recorded during the same period last year. This reflects an increase of 63 units in sales. However, Year-To-Date (YTD) sales showed a slight decline of 0.12%.

New Listings: The market saw 513 new listings in October, a marginal increase of 1% from 510 listings in October of the previous year. Despite this monthly rise, there's an 8% decrease in new listings YTD.

Average Sale Price Trends: The average sale price for the month reached $385,765, marking a significant 13% increase from $340,466 in October of the previous year. On a YTD basis, the average sale price was $376,088, showing a modest increase of 2% from $370,019 in October 2023.

These statistics indicate a healthy demand in the Saskatoon real estate market, with a notable increase in monthly sales and average sale prices, despite a slight decrease in new listings and a minimal dip in YTD sales.

๐Ÿก Tait Real Estate - Realty Executives Saskatoon ๐ŸŒŸ
Saskatoon's Premier Real Estate Experts

Jamie Tait
๐Ÿ“ž Phone: 306-203-0004
๐Ÿ“ง Email: jtait@realtyexecutives.com

Ross Tait
๐Ÿ“ž Phone: 306-230-2338
๐Ÿ“ง Email: rtait@realtyexecutives.com

๐ŸŒ 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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Unwrap the Gift of a Quick Sale: Why December Could Be the Golden Ticket to Selling Your Home Fast!

Hello Home Sellers!

Did you know December could be the ace up your sleeve when it comes to selling your house? It's a fact that there are generally fewer houses for sale during this month, which has historically led to some of the best sales-to-listing ratios of the year.

So, what exactly is the sales-to-listing ratio? Simply put, it measures the market's temperature by showing us the relationship between how many homes are sold and how many are put up for sale. A higher ratio means homes are selling quickly.

Looking at the hard facts, the average sales-to-listing ratio over the past three years has hovered around 42.4%. But in December, it jumps to 61.2%. That's right โ€” you've got nearly a 20% greater chance of selling your home in December than in any other month.

This year is shaping up to be particularly promising. With even fewer homes listed compared to last year, we're anticipating that this December might be an exceptionally good time to sell.

Worried that you're too late to the game? Don't be. There's still time to list your home and take advantage of the December surge. If you're considering selling or just want some advice, feel free to get in touch. We're ready to help you make the most of this opportunity.

๐Ÿก Tait Real Estate - Realty Executives Saskatoon ๐ŸŒŸ
Saskatoon's Premier Real Estate Experts

Jamie Tait
๐Ÿ“ž Phone: 306-203-0004
๐Ÿ“ง Email: jtait@realtyexecutives.com

Ross Tait
๐Ÿ“ž Phone: 306-230-2338
๐Ÿ“ง Email: rtait@realtyexecutives.com

๐ŸŒ 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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