There is alot of talk about "the market" and whether this would be a good time to buy or sell real estate.

Each persons need is so different, it is a difficult question to answer without more information about the specifics of your situation. Are you investing in a revenue property? Are you downsizing or do you need more space for a growing family? Are you a first time buyer?

The real estate market is always changing. Our local economy is strong with expectation of growth this year in Saskatchewan. We are now in a balanced market with about 4 months supply in both condos and homes. We are not seeing as many overbids nor the crazy bidding wars of the past year. Mortgage brokers say they expect rates to stabilize in the new year.

If you are interested in finding out details about what your home is worth in todays market or if you are just curious about what the process is to start searching for your first home, please reach out to me at your convenience. My goal is  to help you with great service and a stress free real estate purchase or sale. 306-514-7633 or darcythiesen@shaw.ca

Happy New Year!

What is the interest rate on your mortgage? Today I had a conversation with a mortgage broker who explained  the rate for a 5 year fixed mortgage was 1.89% for a qualified buyer. Wow! Rates like that will probably keep the real estate market rolling along at a brisk pace while they llast.  I am not a mortgage broker but when doing quick calculations, 1.89% clearly is a positive for most clients  needing to renew a mortgage or get a new mortgage. He even talked about the value of breaking a mortgage, paying a penalty and renewing at the lower rate. Of course you would need to talk to an expert in mortgages to get the details but it is worth taking a look into your present situation to see how you might be able to take advantage of these rates. 

Inventory is moving very quickly in the and many homea in good condition is selling within hours of being on the market! If you or someone you know needs help buying or selling, please feel free to call me and I will be happy to explain the current market conditions as it applies to their particular situation and guide them in the right direction to meet their real estate goals.

Inventory is selling fast in Saskatoon! These past few weeks have changed our market from a buyers market to a sellers market. Depending on the type of home you have for sale and it's location you could really do well in this market. Do you have a home to sell? Call for a free analysis in today's market. I am happy to go over the details as they pertain to your individual home and help you determine if now is the right time to sell for you!

Today I was visiting a vacant property and decided I would wash some light fixtures and replace a couple of burnt out bulbs. The seller is away and no showings were booked in this -37 weather. Who knew there would be so many different types of bulbs and colors of cool and warm light. I made a trip to the store and was overwhelmed with choice! And don't get me started on the descriptive language of various watts and lumens. I spent the better part of the morning sorting through each fixture and was happy to see the difference a few bulbs and clean light fixtures made to the property. My advice to sellers, get your home fixtures sparkling clean and bulbs all glowing with the same color of light before you list. Although a small thing in the preparation to sell it can really make a difference. Show your home to buyers in the best light possible!

Quick Stats for the City of Saskatoon...

 

The average Sale Price in September was $343,785 compared to September 2016 $353,130. Houses are currently selling for 96.6% of their list price. The average days on market are 55 days.

Sales Volume year over year is currently down 21.3% while the number of sales were down by 19.1%

There are 2,082 active listings, 767 new listings in September. Our buyers market continues as we work through the abundance of inventory. For more information on Saskatoon and area real estate, please email,text or call me, I am always happy to research information for your specific needs. Whether you are thinking of selling and would like to see what your home is worth or you are buying and would like my help to find your first home, I am here to help.