2024 was the busiest year for Saskatoon's real estate market since 2006—a milestone year that marked a turning point for home sales and prices. 🚀 So, what does this mean as we head into 2025? And, more importantly, how does it impact you? Let’s break it down.

2024 in Review

It was a year of record-breaking numbers:

• Sales-to-Listing Ratio: The market hit a 74% sales-to-listing ratio—the highest since 2006. This means that for every 100 homes listed, 74 were sold.

• Inventory Levels: The year ended with just 410 active listings, the lowest inventory level we’ve seen since, you guessed it, 2006.

A Look Back at 2007

If history teaches us anything, it’s that low inventory and high demand tend to push home prices higher. In 2007, after a similarly hot year in 2006, inventory stayed low, sales remained strong, and prices surged dramatically. We’re expecting a similar pattern in 2025.

What to Expect in 2025

Here’s what we’re anticipating:

• Continued Low Inventory Levels: The number of homes on the market is likely to stay tight.

• Strong Sales-to-Listing Ratios: Expect demand to remain robust, with a high percentage of listed homes selling.

• Rising Home Prices: With strong demand and limited supply, average home prices are poised to increase.

What This Means for Sellers

For sellers, 2025 is shaping up to be an ideal time to list your home. With low inventory and high demand, the market is working in your favor. To maximize your results, it’s crucial to price your home competitively and present it effectively.

What This Means for Buyers

For buyers, waiting could cost you more. If home prices rise, you’ll end up paying more for the same property. Acting sooner rather than later could save you money in the long run.

Let’s Chat!

Whether you’re buying, selling, or just curious about Saskatoon’s real estate market, we’d love to hear from you. Let’s make 2025 an exciting year for your real estate goals!

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

January doesn’t have to mean staying cooped up indoors! Saskatoon is buzzing with fun, family-friendly activities to keep everyone entertained this winter. Whether it’s skating under the stars, exploring local markets, or enjoying some winter magic, there’s something for everyone. Here are some awesome activities happening in January, that your family might want to check out!

1. Harlem Globetrotters 2025 World Tour

Kick off January with the amazing Harlem Globetrotters! Watch as these basketball legends dazzle the crowd with incredible tricks, athletic feats, and plenty of laughs.

📅 Date & Time: January 8, 2025, at 7:00 PM
📍 Location: SaskTel Centre, 3515 Thatcher Avenue
🎟️ Prices: Vary by seating; check their website for tickets.
Get your tickets here: https://www.sasktelcentre.com/event/harlemglobetrotters2025/

2. Saskatoon Farmers’ Market

Spend a weekend morning exploring Saskatoon’s vibrant Farmers’ Market. It’s a great way to introduce the kids to local produce, baked goods, and handcrafted treasures.

📅 Dates & Times: Every Saturday & Sunday in January, 8:00 AM – 2:00 PM
📍 Location: 2600 Koyle Avenue
🎟️ Admission: Free
Find out more here: https://www.saskatoonfarmersmarket.com/

3. : Sip & Skate
Bundle up and glide across the ice at this riverside rink. Warm up with a cozy drink while enjoying the festive atmosphere.

📅 Date & Time: January 18, 2025, 6:00 PM – 8:00 PM
📍 Location: Cameco Meewasin Skating Rink @Nutrien Plaza, 601 Spadina Crescent East
🎟️ Admission: Free; beverages available for purchase.
Details here: https://meewasin.com/sipandskate/

4.  2025 Winterruption Festival

Shake off the winter blues with this fun-filled festival. It features live music, theatre, comedy, and family-friendly outdoor activities—something for everyone!

📅 Dates: January 22–26, 2025
📍 Locations: Various venues around Broadway
🎟️ Prices: $71 for an all-access wristband; single-event tickets $20–$46.50.
Learn more here: https://broadwaytheatre.ca/winterruption

5. Disney in Concert: Once Upon a Time

Take a magical trip through Disney’s most beloved stories and songs. The Saskatoon Symphony Orchestra, and featuring high resolution Animated Feature Film sequences, Disney in Concert Once Upon a Time explores iconic moments, plot twists and feats of daring heroics from Encanto, Frozen, Beauty and the Beast, Cinderella, The Little Mermaid, Tangled, The Lion King and many more.  This live concert is perfect for Disney fans of all ages.

📅 Date & Time: January 25, 2025 (Time TBA)
📍 Location: TCU Place, 35 22nd Street East
🎟️ Prices: TBA
Check for updates here: https://saskatoonsymphony.org/event/once-upon-a-time/

6. Cross-Country Skiing

Explore Saskatoon’s beautiful parks and trails on skis! It’s an active way to enjoy the outdoors and embrace winter as a family.

📅 Dates: Throughout January
📍 Locations: Various parks around Saskatoon
🎟️ Cost: Free (equipment rentals may apply)
Trail details here: https://www.familyfuncanada.com/saskatoon/best-places-to-cross-country-ski/

7. Public Skating at Community Rinks

Skating is a classic winter activity, and Saskatoon has plenty of rinks to choose from. Bring your skates (or rent at select locations) and enjoy some fresh air with the family!

📅 Dates & Times: Daily throughout January (hours vary by location)
📍 Locations: Various community rinks
🎟️ Admission: Free
Find rink locations here: https://www.familyfuncanada.com/saskatoon/public-rinks/

8. Optimist Hill

Nothing says winter fun like tobogganing! Optimist Hill is a favorite spot for sledding, with groomed hills perfect for all ages.

📅 Dates: Any day in January (closed Mondays & Tuesdays)
📍 Locations: Optimist Hill
🎟️ Cost: Optimist Hill charges fees for access
Learn more here: https://optimisthill.ca/

We know how challenging it can be to keep the family entertained when the weather turns cold. That’s why we’ve put together this list of fun, family-friendly activities happening right here in Saskatoon this January. Whether you’re hitting the sledding hills, or gliding on the ice, we hope these ideas help you make the most of the season. Winter doesn’t have to be boring—bundle up, head out, and create some amazing memories with your loved ones! ❄️😊

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

Fall is the perfect time to get familiar with a few key home maintenance tasks. Don’t worry—it’s not as overwhelming as it sounds! A little preparation now can save you from bigger headaches down the road. Let’s dive into some simple steps to keep your home cozy, safe, and ready for the colder months.

1. Check Your Furnace

As the weather cools down, your furnace becomes your best friend. Before the first frost hits, give it some love by changing the air filter (this should be done every 2-3 months). It’s also a good idea to book a professional to inspect and clean your furnace annually. It’ll keep everything running smoothly and help prevent any heating hiccups this winter.

2. Clean Out the Gutters

Leaves are beautiful, but they can also be a pain when they clog your gutters. Water can pool, freeze, and cause damage to your roof or foundation if the gutters are blocked. Grab a ladder (and maybe a friend for safety) and clean out any leaves and debris. If you’re not keen on the heights, it might be worth hiring someone to handle this one!

3. Check Your Sump Pump (If You Have One)

If your new home has a sump pump, make sure it’s in working condition before winter arrives. Heavy fall rains or spring thaws can lead to excess water around your foundation, and a properly functioning sump pump helps prevent basement flooding. Test it by pouring a bucket of water into the pit and checking if the pump kicks on.

4. Drain and Store Your Garden Hoses

Before the first frost, disconnect your garden hoses and drain any water still inside. Leaving them attached could cause them to freeze and crack, and the same goes for outdoor faucets. If your home has a shut-off valve for exterior water, now’s the time to turn it off for the season.

5. Test Smoke and Carbon Monoxide Detectors

You want to make sure your smoke and carbon monoxide detectors are working properly, especially as you start using your furnace or space heaters more. Test them out, and if the batteries haven’t been changed in a while, swap them for fresh ones.

6. Trim Trees and Shrubs

Take a look at any trees or large shrubs around your house. Are the branches hanging close to your home or power lines? Trim them back to avoid damage or interference once the winter snow starts to weigh them down. It’ll also reduce the chance of pests using overhanging branches to access your roof or attic.

7. Rake Those Leaves

It’s tempting to leave the leaves for spring cleanup, but doing that can cause mold or dead patches in your lawn. Give your yard a good rake and maybe start a compost pile with the leaves if you’re feeling eco-friendly!

8. Clean Your Dryer Vent

Dryer vents can easily become clogged with lint, which is not only a fire hazard but also makes your dryer less efficient. Give it a thorough cleaning, and you’ll notice your clothes dry faster, too.

9. Inspect Outdoor Lighting

As the days get shorter, you’ll want to make sure your outdoor lighting is in good working order. Check any porch, pathway, or garage lights, and replace any burnt-out bulbs. This not only makes your home feel more welcoming but also improves safety as the darker evenings set in.

10. Take a Walk Around the Exterior

Check your outdoor faucets to make sure they’re not leaking, which can cause issues when temperatures drop. Also, inspect your driveway and walkways for any cracks or uneven surfaces. Small repairs now can help prevent further damage from ice expanding in the cracks over the winter.

While you're at it, look at your downspouts. Make sure they’re directing water away from your home’s foundation to avoid water pooling or freezing near your house. And don’t forget to peek into any window wells to ensure they’re clear of debris.

Tackling these tasks might feel like a lot, but once you get into a routine, it becomes second nature. Plus, a little maintenance now means you’ll have more time to enjoy your new home all winter long, worry-free! So grab a pumpkin spiced latte, roll up your sleeves, and get your home ready for the season ahead. You’ve got this!

If you have any questions, feel free to reach out to us at Tait Real Estate. We're here to help you with every step of home ownership. 

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

Moving into a new place is an exciting milestone, but it comes with its own set of challenges. One of the biggest decisions you'll face is whether to hire professional movers or handle the move yourself. Both options have their pros and cons, and the right choice depends on your specific situation. Let's explore the factors to consider when making this decision.

Hiring Professional Movers

Pros:

1. Convenience: Professional movers handle all the heavy lifting, packing, and transportation. This can be a significant relief, especially if you have a busy schedule or limited time.

2. Expertise: Movers are experienced in packing and transporting items safely. They know how to handle fragile items and navigate through tight spaces, minimizing the risk of damage.

3. Efficiency: Professional movers can complete the job quickly and efficiently. They have the right equipment and a team to get the job done in a fraction of the time it might take you and your friends.

4. Reduced Stress: Moving can be stressful, but hiring professionals can alleviate much of that stress. You can focus on settling into your new home rather than worrying about the logistics of the move.

Cons:

1. Cost: Hiring movers can be expensive. Costs can vary depending on the distance of the move, the volume of items, and additional services like packing and unpacking.

2. Less Control: When you hire movers, you relinquish some control over the process. This can be a concern if you have specific preferences for how your belongings are handled.

Moving Yourself

Pros:

1. Cost Savings: Moving yourself can be significantly cheaper. You save on labor costs and can choose a less expensive rental truck.

2. Control: You have complete control over the packing and moving process. This can be particularly important if you have valuable or sentimental items you want to handle personally.

3. Flexibility: Moving on your own schedule allows for more flexibility. You can pack and move at your own pace without adhering to a moving company's timeline.

Cons:

1. Physical Labor: Moving is physically demanding. Lifting heavy furniture, navigating stairs, and loading a truck can be exhausting and potentially lead to injury.

2. Time-Consuming: A DIY move can take much longer than hiring professionals. This can be challenging if you have work commitments or need to move within a tight timeframe.

3. Risk of Damage: Without professional experience, there's a higher risk of damaging your belongings or property. Improper packing or handling can lead to costly repairs or replacements.

Factors to Consider

When deciding whether to hire movers or move yourself, consider the following factors:

1. Budget: Determine how much you're willing to spend on the move. If budget is a primary concern, moving yourself might be the better option.

2. Distance: For long-distance moves, professional movers might be more practical. They have the resources to handle long hauls more efficiently.

3. Time: Assess how much time you have available. If you're on a tight schedule, professional movers can save you valuable time.

4. Complexity: Consider the complexity of your move. If you have a lot of heavy or fragile items, hiring professionals might be worth the investment.

5. Support System: Think about the help you have available. If you have friends and family who can assist, moving yourself might be more feasible.

Conclusion

Deciding whether to hire movers or move yourself is a personal choice that depends on your unique circumstances. Weigh the pros and cons, consider your budget, time constraints, and the complexity of your move. Whether you choose to hire professionals or tackle the move on your own, the ultimate goal is to make the transition to your new home as smooth and stress-free as possible. Happy moving!

If you have any questions or need assistance with your move, feel free to reach out to us at Tait Real Estate. We're here to help you every step of the way as you embark on this exciting new chapter in your life.

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

Moving into a new space is an exciting milestone, but it can also be a daunting task. The good news is that with a bit of organization and preparation, you can make your move smoother and less stressful. Here are five tips to help you transition into your new home with ease.

1. Start Early and Stay Organized

One of the best ways to make your move easier is to start planning and packing as early as possible. Begin by creating a moving checklist to keep track of tasks and deadlines. Break down the moving process into manageable steps:

• Declutter: Go through your belongings and decide what to keep, donate, or discard. Moving is the perfect opportunity to get rid of items you no longer need.

• Pack Strategically: Pack non-essential items first, and leave everyday essentials for last. Label boxes clearly with their contents and the room they belong to in your new home.

• Create an Inventory: Keep an inventory of your packed items. This will help you stay organized and make it easier to check if anything is missing during the move.

2. Hire Professional Movers or Enlist Help

While it might be tempting to handle the move yourself, hiring professional movers can save you time and stress. Research reputable moving companies, read reviews, and get quotes to find the best fit for your needs. If you prefer to move on your own, enlist the help of friends and family. Make sure to provide them with clear instructions and plenty of refreshments to keep everyone motivated.

3. Pack an Essentials Box

An essentials box is a lifesaver during the first few days in your new home. Pack a box with items you’ll need immediately upon arrival, such as:

• Toiletries

• A change of clothes

• Important documents

• Basic kitchen supplies (coffee maker, mugs, utensils)

• Chargers for electronic devices

• Medications

Having these essentials at hand will make your first few days more comfortable and prevent you from having to dig through boxes to find what you need.

4. Take Care of Utilities and Change of Address

Before you move, ensure that all utilities (electricity, water, gas, internet) are set up and ready for your arrival. Contact your utility providers to schedule disconnections at your old place and connections at your new home. Additionally, update your address with important institutions:

• Post office

• Banks and credit card companies

• Insurance providers

• Employer

• Schools (if applicable)

• Subscription services

This will ensure you don’t miss any important mail and that your new home is fully functional from day one.

5. Create a Moving Day Plan

Having a clear plan for moving day can help things go smoothly. Consider the following:

• Confirm Details: Double-check the moving date, time, and any specific instructions with your movers or helpers.

• Prepare Your Home: Make sure pathways are clear and accessible for moving large items. Protect floors and door frames from potential damage.

• Keep Important Items with You: Carry valuable items, important documents, and personal essentials with you instead of packing them in the moving truck.

By having a well-thought-out plan, you can reduce the chaos and ensure that everything goes according to schedule.

Final Thoughts

Moving into a new home is a significant life event, filled with excitement and opportunities. By starting early, staying organized, and following these tips, you can make the transition smoother and more enjoyable. Remember, the key to a successful move is preparation and a positive mindset. Welcome to your new home, and may it be filled with happiness and wonderful memories!

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

Moving into a new space is an exciting journey filled with opportunities to create lasting memories. However, to ensure your home remains a safe and comfortable haven, regular maintenance is essential. Here are ten key tasks you should incorporate into your routine to keep your home in top shape.

1. Inspect and Replace HVAC Filters

Your heating, ventilation, and air conditioning (HVAC) system is crucial for maintaining indoor air quality and comfort. Check your filters monthly and replace them every 1-3 months to ensure efficient operation and minimize allergens in your home.

2. Clean Gutters and Downspouts

Clogged gutters can lead to water damage and even compromise your home's foundation. Make it a habit to clean your gutters and downspouts at least twice a year, typically in the spring and fall, to prevent blockages and ensure proper drainage.

3. Test Smoke and Carbon Monoxide Detectors

Safety first! Regularly test your smoke and carbon monoxide detectors to ensure they are functioning correctly. Replace batteries at least once a year, and consider replacing the entire unit every 7-10 years.

4. Check for Water Leaks

Regularly inspect your home for signs of water leaks, including under sinks, around appliances, and in the basement. Early detection can prevent costly repairs and damage. Look for water stains, mold, and musty odors as indicators of potential issues.

5. Service Your Water Heater

Your water heater should be drained and inspected annually to remove sediment build-up and ensure efficient operation. This maintenance can extend the lifespan of the unit and prevent unexpected breakdowns.

6. Maintain Your Lawn and Garden

A well-kept lawn and garden enhance curb appeal and prevent pests. Regularly mow your lawn, trim bushes, and remove weeds. Also, consider seasonal fertilization and aeration to keep your yard healthy year-round.

7. Inspect Your Roof

Check your roof for damaged or missing shingles, especially after severe weather. Addressing minor issues promptly can prevent leaks and extend the life of your roof. Consider a professional inspection every few years for a thorough assessment.

8. Clean Your Dryer Vents

Regularly cleaning your dryer vents is crucial to prevent lint buildup, which can be a major fire hazard. This also improves the efficiency of your dryer, reducing energy costs and extending its lifespan.

9. Clean and Maintain Appliances

Regularly clean your appliances to ensure they operate efficiently. This includes vacuuming refrigerator coils, cleaning oven and stovetop surfaces, and descaling your coffee maker. Follow manufacturer guidelines for specific maintenance tasks.

10. Check Your Sump Pump

If your home has a sump pump, it’s crucial to test it regularly, especially before the rainy season. Ensure it's working properly to prevent basement flooding and water damage.

By incorporating these ten maintenance tasks into your routine, you'll not only protect your investment but also create a safe and comfortable environment for you and your family. Happy homeownership!

Saskatoon Real Estate Market Update for July 2024

The Saskatoon real estate market continues to demonstrate robust and positive trends. Here’s a detailed look at the latest statistics from June 2024.

Sales Volume

This year has seen a significant uptick in property sales. In June 2024 alone, there were 540 homes sold, maintaining the same number of sales as June 2023. This consistency highlights the market's resilience and strength, even with fewer homes available. Overall, sales are up 9% year-to-date, showcasing a healthy demand for properties in Saskatoon.

Inventory

As of July 2nd, there are 631 active MLS listings in Saskatoon. In June, the market welcomed 668 new listings, marking a 15% decrease from the previous month and a slight 3% decrease compared to June last year. This reduction in new listings has tightened the market, creating a competitive environment for buyers.

Average Price

The average sale price for a home in June 2024 was just under $402,000, reflecting a 3% increase from May. Year-to-date, the average sale price stands at approximately $393,000, which is a 5% rise compared to last year. Saskatoon has achieved a record high with average home prices surpassing the $400,000 mark for the first time. Surrounding communities like Humboldt, Martensville, and Warman are also experiencing record prices, indicative of the strong demand in the region.

Market Dynamics

Despite fewer homes being available for sale, the eagerness to purchase, especially higher-priced homes, keeps the market lively. With higher mortgage rates and rising home prices, there’s a significant push for more affordable homes. However, the limited supply means buyers need to act quickly and be ready to compete, often facing bidding wars, particularly in the mid to higher price ranges.

Summary

These figures indicate a healthy and growing real estate market in Saskatoon, making it an opportune time for both buyers and sellers. Whether you’re considering buying or selling, it’s essential to stay informed and work with a knowledgeable real estate professional.

If you have any questions or need real estate advice, feel free to reach out to us at Tait Real Estate. We're here to help you navigate the market and find the perfect home or investment.

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

Welcome to our monthly real estate market update for Saskatoon. We’re excited to bring you the latest insights and trends. Let's dive into the numbers and what they mean for you!

Current Market Overview

As of July 2nd, there were 631 homes listed for sale in Saskatoon. In June, we saw 540 homes sold, matching the sales figures from last June. This steady number indicates a resilient market, even with fewer homes available. Overall, sales are up 9% this year, signalling strong demand.

Listings and Pricing Trends

June brought 668 new listings, which is a 15% decrease from the previous month and slightly down by 3% compared to June last year. This drop in new listings is making our market feel tighter. The average sale price for a home last month was just under $402,000, a 3% increase from May. Year-to-date, our average sale price is about $393,000, which is a 5% rise from last year. Prices are definitely on the rise!

Record High Prices

Home prices in Saskatoon have hit a record high, with the average home price crossing the $400,000 mark for the first time. Communities like Humboldt, Martensville, and Warman are also experiencing record prices, reflecting strong demand across the region.

Market Dynamics

Even with fewer homes for sale, the eagerness to buy, especially higher-priced homes, is keeping our market vibrant. Higher mortgage rates and rising home prices have created a push for more affordable homes. However, with fewer options, buyers need to act quickly and be prepared to compete.

Advice for Buyers and Sellers

For buyers, this means being ready to move fast and possibly face bidding wars, especially in the mid to higher price ranges. For sellers, it’s a fantastic time to list your home with demand being so high.

Conclusion

Overall, the Saskatoon real estate market remains strong, with steady sales and rising prices. Whether you’re buying or selling, it’s essential to stay informed and work with a knowledgeable real estate professional. If you have any questions or need real estate advice, feel free to reach out to us at Tait Real Estate. We're here to help you navigate the market and find the perfect home or investment.

Thanks for tuning in!

🏡 Tait Real Estate - Realty Executives Saskatoon 🌟

Saskatoon's Premier Real Estate Experts

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

Courtney Tait
📞 Phone: 306-221-2321
📧 Email: ctait@realtyexecutives.com

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

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 🌟

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

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 🌟

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

In February 2024, the Saskatoon real estate market showed significant activity, with some notable trends in sales, listings, and average sale prices.

Sales Volume

Compared to the previous year, sales saw a substantial increase both for the month and year-to-date (YTD), with a 22% rise. Specifically, there were 309 properties sold, marking an increase of 56 units or 22% over the 253 sales recorded during the same period last year.

Inventory

The market had a total of 548 active MLS listings. The number of new listings in Saskatoon also experienced a slight change, totaling 434 for the month. This represents a modest 2% increase from the previous February, which had 426 new listings. However, when looking at the year-to-date figures, there's a slight decrease of 5%, indicating a mixed trend in new market entrants.

Average Price

The average sale price for homes in Saskatoon during February 2024 was $366,485, which is a 2.8% increase from the $356,597 average sale price recorded in February of the previous year. Moreover, the year-to-date average sale price showed more substantial growth, reaching $374,787. This marks a 6.3% increase from the $352,601 average in February 2023, showcasing a healthy appreciation in property values over the year.

Summary

Overall, the Saskatoon real estate market in February 2024 demonstrated robust sales growth and a slight increase in new listings, alongside a notable rise in average sale prices both monthly and year-to-date, reflecting a positive trend for the local real estate landscape.

Saskatoon Real Estate Market Statistics at a glance:

Active Listings: 548

Sales Increase: +22% (Month and YTD)

Sold Properties: 309

Comparison to Last Year: +56 units sold

New Listings: 434, up 2% for the Month and down 5% YTD

Average Sale Price (YTD): $374,787, up 6.3% 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