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.
This beautiful 2 storey, 2220 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 walk through 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. 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.
If you’ve been thinking about selling your property in Saskatoon or the surrounding areas, this is the time to pull the trigger. Keep watching and we’ll explain the two main reasons why…
Going into early 2022, inventories of single family homes will be EXTREMELY low, sales volumes are staying VERY high for this time of year, and interest rates are still low…for now. Which means that the value of your home RIGHT NOW may be worth more than it’s going to be for the foreseeable future.
Let’s break this down for you…
Reason #1 - Low Inventories of single family homes
When we look at the current market stats in Saskatoon, it is evident that there is an extreme shortage of single family listings on the market. As of December 7th, there were only 985 active listings on the MLS and only 520 of those are single family homes. This is 105 fewer single family homes listed than there were at the beginning of December in 2020, which is a decrease in single family listings of around 16.8%.
We expect this shortage of inventory to continue into the first quarter of 2022, but we will see more homes hitting the market in the spring as we usually do, which is why your home will have less competition right now than it might in the future.
Reason #2 for listing your home now - Demand is high
There are still lots of buyers out there looking for good quality single family homes. The stats show that home sales are up 29% year to date compared to 2020. We are also hearing that interest rates are likely going to be increasing several times in the new year due to the high inflation rates, so that's putting additional pressure and urgency on buyers to purchase a home sooner rather than later.
The next several months will have the least amount of inventory and the highest demand that we might see over the next year. When you combine those two factors - lack of supply and high demand, it creates the ideal conditions to sell your home and the value for your home is increased. So again, if you’ve been considering selling your home, do not hesitate. Let's talk about getting it on the market now to take advantage of the current market conditions.
Well, that's it for now. We hope you all have a wonderful holiday season and a very happy new year. We will see you in 2022!
Welcome to 307 Whiteswan Drive. Breathtaking Views of the South Saskatchewan River and Meewasin Valley from your front door in one of the most sought after areas of the city. This 4 bedroom, 3 bathroom home comes with vaulted ceilings, to bring in plenty of natural light, two fireplaces and an indoor pool area (42’ x 21’) to unwind in 365 days a year. There is 1 bedroom on the main floor and 3 upstairs. The primary bedroom has an ensuite bathroom, walk-in closet and an attached den. There are three decks on the home, one that wraps around the house from the back to the side pool entrance, one off the primary bedroom overlooking the back yard, and another on the second floor facing the river and park. This home is 3,759 square feet including the indoor pool area. With a little TLC this home could be a one of a kind on this beautiful street. See floor plans in photo section.
The “Berkeley II” is North Prairie Developments brand new 1583 sq. ft. it has 3 beds, 2.5 baths, bonus lifestyle room and upper level laundry. Equipped with a bright and open concept living/dining/kitchen area. Your new kitchen is complete with stylish cabinets, a large eat-at peninsula and an over sized pantry. Huge master bedroom, which has plush carpet, a 3 piece en suite and walk-in closet. This practical upper level is finished off with bonus lifestyle room, two spacious bedrooms and bathroom. This home also offers hardy siding, front yard landscaping, a concrete driveway and a double attached garage. All North Prairie homes are covered under the Saskatchewan New Home Warranty. PST and GST included in purchase price with rebate to builder. Pictures may not be exact representations of the unit, used for reference purpose only.
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!
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in
accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification.
The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA).
Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.
