Found 7 blog entries tagged as Real Estate Market.

Investing in a Multifamily Unit: Pros and Cons to Consider

Investing in a multifamily unit is becoming increasingly appealing as an option for real estate investors.  However, like any investment opportunity, it comes with its own sets of pros and cons that must be weighed carefully before making the commitment. 

 

Pros of Investing in a Multifamily Unit: 

• Low Vacancy Rate: When you invest in a multifamily unit, you can benefit from the low vacancy rate that comes with larger units. 

• Higher Rental Income: Multifamily units tend to yield higher rental income due to their high demand. 

• Lower Maintenance Costs: Since there are multiple tenants living in one area, maintenance and upkeep costs are generally lower on a per-unit basis. 

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It’s no secret that technology has invaded every aspect of our lives, and the real estate industry is no different. The past few years have seen an explosion of growth in what technology is being used and how it has shaped the way we sell houses today. 

Come with me as we explore how technology has made buying and selling homes more effortless and why it's better than ever to work with a trusted real estate professional in this ever-shifting industry. 

Social Media & Advertising

Before the abundance of technology, the best way to promote a home on the market used to be through newspaper ads or billboards. While these methods are still in use, the real estate industry has significantly shifted to adopting social media and websites as a key…

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As you may have heard in the news, on social media, or even from a friend, the Saskatoon real estate market in 2021 was unlike any other we have ever seen. With record-breaking sales, low inventory, and high demand, it was the perfect recipe for a seller's market, which, thankfully, many were happy to take advantage of! So what exactly was the breakdown of the real estate market statistics? Here are the highlights:

2021 Home Sales in Saskatoon

Saskatoon closed out the 2021 real estate market at the end of December with 5,403 sales. Not only was this 27% above the sales seen in 2020 and 36.8% above the 10-year average, but it was actually record-breaking for the city's industry. In fact, we didn't just surpass the previous sales record set in…

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If you’re at all interested in economics, supply and demand, or market behaviours, the past 9 months will likely have intrigued you. It was almost like the boomer effect, only this time it would be more aptly named the “pandemic effect”—a storm of supply shortages, making it hard to find a wide variety of things, ranging from toilet paper to RV’s.

Many who were lucky enough to make the transition to working from home in March were buying up all the computers and laptops, while others were hoping to find a new gaming system to use while they were stuck at home with nothing to do. There were so many home renovation projects happening this spring that the price of lumber was the highest it’s been, ever. And the warmer weather created a wave of people…

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Whether you’re planning on buying a home or selling your property, staying up to date on your local real estate market is essential in any housing transaction. And I’m not just talking about watching for other new listings and recent sales in the neighbourhood. While those are important market indicators to watch, more pertinent data that can give you a clearer picture of current trends can actually be found in market statistics released in reports every month.

Reading these statistics, however, can feel a bit like reading an astrophysics equation if you’re not sure what they mean. It may seem like a jumble of words and numbers that you know are supposed to make sense...but they don’t. Luckily, you don’t need to understand them all. And the few…

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If you have been thinking about selling your home, likely the most pressing question on your mind is, “How much is my home actually worth?” Much like how a car’s value starts to change the moment you drive it off the dealer’s lot, your home’s value similarly changes over time. And depending on a variety of factors that influence how the real estate market is today, that could mean appreciation or depreciation. 

The best way to get a quick and free assessment of your home’s valuation is to have a comparative market analysis done by an experienced and knowledgeable Saskatoon REALTOR®. They use real market data and real buyer experiences to help you get an accurate understanding of what people are willing to pay for your home right now. Here are some…

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Saskatoon Weekly Stats

  • Their were 190 new residential listings this past week, compared to 203 the previous week.  Which is comparable to this time last year when 196 properties were listed.
  • A total of 2301 residential properties are currently on the market.
  • 76 residential properties sold this week, down from last week which saw 85 sold.  One year ago this week there were 103 listings sold.

Surrounding Area Stats ( with in 50km of Saskatoon )

  • 45 properties were listed in the surrounding areas of Saskatoon, which is the similar as the previous week of 47 residential properties.  Its a large decrease from last of 100.
  • To start the week their are 741 residential properties listed.
  • 18 properties sold this week compared to 9…

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