Paula Scott, Century 21 Prospect Realty
5124 48th Street X1A 1N6 Yellowknife, NT, Canada

Downtown cutie!

Three bedroom + den with low heating cost!

New Listing! Check out this beauty at only $179k. Contact me today to schedule a personal tour 445-2363

A lot of folks seem to post recyclables. People can do whatever they want with them, but I didnt know if people are aware of this option.

The August 2020 statistics are in! We had one more property exchange hands in Yellowknife this August than in August 2019 - 28 compared to 27. A few higher pr...iced homes were sold, bringing the average sale price up by 17.6%. Days On Market were quite a bit longer at 89 days, mostly because a few listings that had been listed for a very long time finally found buyers. If we exclude the three shortest and three longest listings, the average DOM is 55.5 days. And the most important number of all remains.... the low, low levels of inventory. Only 54 listings in Yellowknife! Dont forget, if you want to sell your home in 2020, its not too late to list. There is a lot of demand out there. Our team of hard-working marketing and negotiating experts are here to help. Go here to meet our team: https://www.century21yk.ca/the-team

This little gem had a pre-sale home inspection done this past week to be ready for prospective buyers. Call me today to schedule a showing 445-2363

New price now $390,000! This property which backs onto green space is a rare find. Metal roof, man cave, paved driveway, fenced yard...so much to see. Owners are motivate to sell. Contact me today to schedule a viewing 445-2363

SOLD! https://www.century21yk.ca//20-Bromley-Drive-Frame-Lake-Y/

New price on this lovely cozy home in great location!

Check out this beauty with 4 bedrooms all on one level.

Well, the results are in, and July 2020 was an epic month for the Yellowknife real estate market! If you have a look at the attached Market Snapshot youll... see that there were 44 total MLS listings sold, which is almost double last Julys numbers. But the most striking statistic is the low, low level of inventory. At the end of the day on July 31 there were only 61 listings on the market. Thats less than half the level of last July! What does this mean? It means competition for the listed properties is increasing daily. So if you are thinking of selling but are unsure if you should list this year or or wait until spring 2021, the argument for listing this year just got a whole lot stronger. Inventory levels vary by price range of course, so if you want more details and advice that is tailored to your specific property, please reach out to one of our exceptional listing agents today. You can find their profiles and testimonials from past clients here: https://www.century21yk.ca/the-team

Immaculate 4 bedroom home overlooking Niven Lake with 1 bedroom income suite as a mortgage helper. Contact me today 445-2363 to book a showing.

New Price! Contact me today to book a tour of this great property!

This is a beautiful townhome!

New branding decal schmecal

Coming soon! Four bedroom home + one bedroom rental suite with walk out basement. Showings start Tuesday. Call me to book a viewing 445-2363

Sale pending after a busy two days on market!

New listing at 20 Bromley Drive. Look at that kitchen! https://www.century21yk.ca//20-Bromley-Drive-Frame-Lake-Y/

Anyone looking for a house with a rental suite?

Sale pending!!!

This villa is a beauty! Its a far end, away from passing traffic. Inside, all the beige is gone! Professionally painted throughout as well as new cabinet doors, quartz countertop, deep stainless steal sink, appliances in the kitchen. In the ensuite a tiled shower, quartz top vanity. Immaculate!

Great double wide on Demelt. This home is only a 2004 and great location.

This villa is a beauty! It's a far end, away from passing traffic. Inside, all the beige is gone! Professionally painted throughout as well as new cabinet doors, quartz countertop, deep stainless steal sink, appliances in the kitchen. In the ensuite a tiled shower, quartz top vanity. Immaculate!

Proud sponsor of Hole #5 at the Yellowknife golf course where I was taught how to play the game back in 1998. A sand course where you have to carry your own turf and ravens are known to steal your ball. Good times!

I know I posted it already...but you really need to take a look at 208 Magrum Crescent. https://www.century21yk.ca//208-Magrum-Crescent-Range-Lak/

This 4 bedroom plus den, 3 level townhouse has all new flooring and is tastefully updated and ready for you!

If you have ever bought a home directly through the listing agent, then you have placed yourself in a situation, knowingly or unknowingly, that we in the indust...ry call "double-ending." Click on the link below to find out why that can be a very big problem. https://www.century21yk.ca//5-problems-with-agent-double-/

New Listing! Four bedroom, two level townhouse at Niven Heights.

This townhouse is stunning, spacious and shows total pride of ownership.

I am astonished at the stability of Yellowknife's real estate market. Every Wednesday morning, in preparation for our weekly team meeting, I do an analysis of M...LS sales statistics to see if there is some bit of information that might provide unique insights to our team. This morning I thought I would look at the number of Yellowknife MLS sales over the last 30 days and compare it to the previous five years. Here is what I found: 2020: 31 sales 2019: 31 sales 2018: 30 sales 2017: 28 sales 2016: 35 sales 2015: 16 sales There are so many factors at play this year that a month ago it would have been hard to predict this. Because of travel restrictions, buyers from out of the territory are not in the market in any real sense. That impacts sales negatively. But people have been spending a lot of time in their homes thinking about how nice it would be to have more living space. That impacts sales positively. CMHC has scared some vendors by predicting a price drop of 18% this year. Negative impact. CMHC has scared some vendors and therefore inventory levels are stable or even dropping a bit, creating competition between buyers. Positive impact. Lending rules have changed to make it harder for first-time buyers to borrow down payments from family members. Negative. Interest rates are super low. Positive. A person could do this type of analysis all day long and never figure out everything that is influencing the current market and to what extent. But never mind figuring out why, the fact is, just as many people are buying homes in this city as they normally do at this time of year. But here is what's different about this year. Those of us in the business are accustomed to a big drop-off in activity at the end of the school year as families pack into their vehicles or onto planes and head south for the summer. That will not be happening this year, and it will impact the 2020 summer market more than any other factor. We are going to see these strong levels of sales activity carry right through the summer and into the fall. So if you're sitting on the sidelines as a vendor, now is a good time to reach out to a member of our team and find out what is happening with inventory levels in your price range and neighbourhood, and get some advice on what little things you might do to improve your chances of selling. And if you're sitting on the sidelines as a buyer, now is the perfect time to connect with a Buyer's Agent and get in the mix. The market is active but not overheated, buyer agency costs you nothing and has nothing but upside. If you don't already have an established relationship with a Realtor, now is a time to sit down with a few of them and see who might be the right fit. You can find our team's profiles by following the link below. On their profile pages you'll find testimonials from their past clients. You won't find a more talented and hard-working bunch anywhere. https://www.century21yk.ca/the-team And please don't hesitate to reach out to me if you have any questions about the market! Best of luck! Updated, June 10: A commenter asked if I have stats on inventory levels for 2020 compared to the previous five years, so here they are: 2020: 86 2019: 83 2018: 94 2017: 142 2016: 142 2015: 102 As you can see, we're on the low side, which as mentioned is one of the factors in the healthy pace of activity and healthy prices. And here is the number of new listings that came to market in the month from May 10 to June 9: 2020: 42 2019: 39 2018: 58 2017: 62 2016: 48 2015: 40

I am astonished at the stability of Yellowknifes real estate market. Every Wednesday morning, in preparation for our weekly team meeting, I do an analysis of M...LS sales statistics to see if there is some bit of information that might provide unique insights to our team. This morning I thought I would look at the number of Yellowknife MLS sales over the last 30 days and compare it to the previous five years. Here is what I found: 2020: 31 sales 2019: 31 sales 2018: 30 sales 2017: 28 sales 2016: 35 sales 2015: 16 sales There are so many factors at play this year that a month ago it would have been hard to predict this. Because of travel restrictions, buyers from out of the territory are not in the market in any real sense. That impacts sales negatively. But people have been spending a lot of time in their homes thinking about how nice it would be to have more living space. That impacts sales positively. CMHC has scared some vendors by predicting a price drop of 18% this year. Negative impact. CMHC has scared some vendors and therefore inventory levels are stable or even dropping a bit, creating competition between buyers. Positive impact. Lending rules have changed to make it harder for first-time buyers to borrow down payments from family members. Negative. Interest rates are super low. Positive. A person could do this type of analysis all day long and never figure out everything that is influencing the current market and to what extent. But never mind figuring out why, the fact is, just as many people are buying homes in this city as they normally do at this time of year. But here is whats different about this year. Those of us in the business are accustomed to a big drop-off in activity at the end of the school year as families pack into their vehicles or onto planes and head south for the summer. That will not be happening this year, and it will impact the 2020 summer market more than any other factor. We are going to see these strong levels of sales activity carry right through the summer and into the fall. So if youre sitting on the sidelines as a vendor, now is a good time to reach out to a member of our team and find out what is happening with inventory levels in your price range and neighbourhood, and get some advice on what little things you might do to improve your chances of selling. And if youre sitting on the sidelines as a buyer, now is the perfect time to connect with a Buyers Agent and get in the mix. The market is active but not overheated, buyer agency costs you nothing and has nothing but upside. If you dont already have an established relationship with a Realtor, now is a time to sit down with a few of them and see who might be the right fit. You can find our teams profiles by following the link below. On their profile pages youll find testimonials from their past clients. You wont find a more talented and hard-working bunch anywhere. https://www.century21yk.ca/the-team And please dont hesitate to reach out to me if you have any questions about the market! Best of luck! Updated, June 10: A commenter asked if I have stats on inventory levels for 2020 compared to the previous five years, so here they are: 2020: 86 2019: 83 2018: 94 2017: 142 2016: 142 2015: 102 As you can see, were on the low side, which as mentioned is one of the factors in the healthy pace of activity and healthy prices. And here is the number of new listings that came to market in the month from May 10 to June 9: 2020: 42 2019: 39 2018: 58 2017: 62 2016: 48 2015: 40

An easy way to water a garden! #lifeprotips