John Pearce Real Estate Professional Corporation
620 Heritage Lane S7H 5P5 Saskatoon, SK, Canada

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JANUARY HOUSING SALES ENCOURAGING January home sales held steady in the face of some recent gloomy economic reports with 174 units changing hands in Saskatoon. This is comparable to results a year ago and only 17% below the five year average for January. The market experienced a decline in the number of homes added to the market in January with a 5.5% decrease for a total 683 new listings. A decline in new building permits coupled with home sellers deciding to wait until spri...ng to go to market, has helped to relax inventory levels. The average selling price year over year was virtually unchanged at $354,000, down 1.2%. "Focusing on the average price can be very misleading" according to Jason Yochim, CEO with the Saskatoon Region Association of REALTORS, "An average is just that, it can be skewed based on a change in the number of homes selling in a particular price range." A more accurate barometer of pricing than the average is the composite Home Price Index, (HPI) which was $305,400 at month end, a 1.4% decrease over the same time last year. This is the first leveling of the HPI since a steady decline which started in September. This is a positive sign when it comes to a trend in home prices. According to a recent survey by Praxis Analytics, Saskatchewan residents remain optimistic about the economy in spite of economic challenges. Although there are currently 1,612 active listings, the decline in new listings so far this year coupled with steady demand will help ensure that inventory levels remain below the overall 2015 average of1,856 active listings. Condominiums in Saskatoon accounted for roughly 40% of the active properties with 634 units currently on the market. Of these active condos, it is estimated that about 20% are new units. By comparison, less than a third of the single family homes available on the market are new construction. On average it takes 50 days to sell a home in Saskatoon at approximately 97% of the asking price. This is a typical exposure period for this time of year. "The seller is really the deciding factor in determining how long a home will sit on the market. The higher they choose to price above market the longer the home will sit." He cautions, "It is important to keep in mind that every property is unique, every situation is unique and every micro market is unique. It only makes sense to have a professional REALTOR provide sound advice when it comes to pricing competitively in this market." Sound pricing and timing advice can be provided by one of the 640 professionally licensed and trained REALTOR members of The Saskatoon Region Association of REALTORS. REALTORS also subscribe to a strict code of ethics and are dedicated to developing professional standards and continuing education in the real estate profession. If you would like any further information orany help with buying or selling a home please contact me anytime. John Pearce Royal LePage Saskatoon 306 880 0946 [email protected]

Beautiful home, close to downtown. Great shape and owner occupied with the same owners for 8 years. Lots of practical upgrades. (shingles, galley kitchen, open concept) 2 bedrooms and a den upstairs(which could be another bedroom or office space). They have kept some of the original trim, doors and hardwood flooring. Its a fantastic character home. Full height dry basement (even has a sump new sump pump when doing new drains). The basement is partially developed. Quaint backyard with deck, room for Hot Tub, And a garage as well. Want to take a look? Call your agent today. ----- Listing details: http://www.saskatoon4sale.com/List/ViewListingDetails.aspx

North facing 2 bedroom condo at the top of Broadway Bridge! This has updated maple cabinets, soft close drawers, newer carpeting(in 2012) Ceramic tiles, Quartz counter in kitchen and corian in the baths, jet tub, Stainless range, central vac, roller blinds, .....The list of upgrades goes on and on. Shopping, cafes, theatres, close to university, walk right out to Broadway ave...Call today for a quick showing.. ----- Listing details: http://www.saskatoon4sale.com/List/ViewListingDetails.aspx