Henry Moulin ABR, CRES

345 4th Avenue South #210 Saskatoon, SK S7K 1N3 |
306-221-9221 | henry@saskatoonrealestate.com

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Sales rise 16 per cent from same month of last year


Saskatoon — A hot, dry May brought a warmer market for Saskatoon home sellers, as sales rose 16 per cent over the same month of 2018.

City sales came in at 422 units, up from 363 last May and 420 the year before, the Saskatoon Region Association of REALTORS® (SRAR) reported Monday. Sales are also up 10 per cent year-to-date at 1,469, up from 1,342 and 1,450 in the last two years.


“Sales have rebounded significantly this year, in large part due to an increase in condosales,” said Jason Yochim, CEO of SRAR. “Condo sales are up almost 21 per cent over
a year ago. Prices have been coming down, and they are very affordable compared to most housing types.”

Year-to-date, 449 condos have sold, as compared to 372 last year. Over the same period, single family home sales rose six per cent to 1,292, up from 1,215 last year. In May, single family home sales were up 13 per cent from last May.


As sales rose, unit listings fell three per cent to 911 in May, down from 942 in 2018 and 1,031 the previous year. Year-to-date listings are also down three per cent; so far, 3,422 homes have been listed to the Multiple Listing Service (MLS) as compared to 3,536 last year and 4,055 in 2017.


The higher sales resulted in a 17 per cent dollar volume increase over last May to $140.7 million, up from $120.5 million. That’s despite a two per cent drop in the aver- age selling price, which fell to $329,595 from $334,651.

“I suspect first-time home buyers have been very active this spring based on the con- do sales,” Yochim said. “When lower-priced homes sell, it has a downward effect on the average price.”


In Saskatoon and region, including communities such as Warman, Martensville and Dalmeny, sales rose 14 per cent in May to a three-year high of 561 units. Listings fell seven per cent to 1,386, down from 1,485 and 1,553 in the previous two years. Dollar volume rose 12 per cent to $181.3 million from $162.3 million last year. Yochim said, “The sales to listing ratio was 46 per cent in May, which is approaching a balanced market.”


In the surrounding region excluding the city, dollar volume was down 13 per cent to $31.5 million from $36.3 million. Listings fell 20 per cent to 317, after two years at about 390, and sales rose eight per cent to 113, up from 105 last May. The average selling price fell 19 per cent, however, to $279,095, after posting $346,130 last May.

Year-to-date, the surrounding region has seen a three per cent decrease in dollar vol- ume at $120 million; a three per cent drop in listings, to 1,344; and unit sales of 421, up nine per cent from last year.


As of the end of May, buyers had 3,164 listings to choose from in Saskatoon and area, unchanged from last year. Of those, 1,938 are in the city proper (down from 2,001 last May) and 1,126 are in surrounding towns and regions (down from last year’s 1,164).“We’re finally seeing some stabilization in the housing market, which has been in buyers’ market territory for some time due to oversupply and lower consumer confidence,”


 
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Home Listings Down Year to Date

  

Fewer home owners seem ready to put their home on the market this year compared to last. In May, a total of 943 properties were added on the Multiple Listing Service® (MLS®) in Saskatoon representing a 9% decrease from last May. Year to date there were 13% fewer homes listed year to date in Saskatoon.

 

The total number of active listings in Saskatoon at the end of May was 2,001, just slightly above the five year average of, 1,945 units. “Typically we see the highest number of active listings between May and September.” comments Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®, “It’s the most active time in our market largely due to favorable weather.” He adds. Inventory levels for active MLS® listings reached an all-time high in July of last year with 2,210 homes for sale in Saskatoon. At the current rate of sales it would take five and a half months to liquidate the current stock of active listings. 


In May there were 364 home sales, a decrease of 13% from last May. Year-to-date sales for Saskatoon are down 7% with a total of 1,345 residential MLS® home sales. Home sales so far this year have declined in every price range with the exception of homes under $200,000 which saw a 30% increase for a total of 203 sales. The price range with the greatest decline in sales were homes priced between $450-500,000 with a year-to-date total of 85 sales, a 17% drop from last year. Homes selling between $750,000 and $1M are on par with last year at 19 sales. Homes in excess of $1M however are off sharply with three MLS® sales year to date. In 2017, there were three home sales in May alone over $1M and nine year to date.

The sales to listing ratio has decreased from 43% in April to 39% in May. The sales to listing ratio is a comparison of the number of sales for a period of time to the number of new listings. “Saskatoon remains a buyer’s market. However, homes that are priced to market and in good condition will still command great interest and in some cases competing offers.” comments Yochim. Last month, the average home in Saskatoon took 47 days to sell in Saskatoon last month, this is the lowest time to sell so far this year.

Year-to-date, the average sale price was $334,449, a 4% decrease from the same period last year. Since averages can be misleading, a better reflection of the market is the median. The median home sale price year to date is $320,000. The five year average for median residential home sale prices in Saskatoon is $341,980.

The Home Price Index Composite Benchmark Price (HPI) continued in an upward trend for most home types (except apartment style) again in May. The HPI is the most accurate indicator of where home prices are trending. For more information on HPI go to saskatoonrealtors.ca .

REALTORS® subscribe to a strict code of ethics and are dedicated to developing professional standards and continuing education in the real estate profession. This is not the case for those who sell real estate in the province and who are not members of an association of REALTORS®.

 

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Saturday, May 20th, 2018

Mini Avengers Superhero Party

German Cultural Centre – 160 Cartwright St E

Time: 12:00 pm – 3:00 pm

Price: Ages 3-12 - $5.00, Ages 0-3 - $2.00

Website: saskgerman.com

 

Ongoing

May 16th – 20th, 2018

Cirque Du Soleil: Crystal

SaskTel Centre – 101-3515 Thatcher Ave

Website: sasktelcentre.com

 

 

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Friday, May 11th, 2018

Doc Walker with Special Guests

Broadway Theatre – 715 Broadway Ave

Time: 8:00 pm

Website: broadwaytheatre.ca

 

Investors Group Stars on Ice Presented by Lindt

SaskTel Centre – 101-3515 Thatcher Ave

Time: 7:30 pm

Website: sasktelcentre.com

 

Spidey – Make Believe: Magic of your Mind

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: Showtime: 8:00 pm

Price: $45.00

Website: dakotadunescasino.com/entertainment/

 

Saturday, May 12th, 2018

Vesna Festival

Prairieland Park – 503 Ruth St W

Website: www.vesnafestival.com/

 

African Cultural Gala

Ecole Canadienne-francaise – 2320 Louise Ave

Time: 5:00 pm – 11:00 pm

Price: $15.00 in advance, $20.00 at the door

Website: cafs-sask.org

 

Crossmount Spring Fair

The Glen at Crossmount – 5 kms South on Saskatoon on Hwy 219

Time: 11:00 am – 3:00 pm

Price: Free

Website: crossmount.ca

 

Eclipse: Capture Love in Song

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: broadwaytheatre.ca

 

Etsy SK’s Spring Esty Made in Canada Market

Station 20 West – 1120 20th St W

Time: 10:00 am – 4:00 pm

Price: Free

Website: www.etsysask.ca/events.html

 

Our Lady of Fatima Feast

St. Mary’s Roman Catholic Parish – 211 Ave O South

Time: 2:00 pm

Price: Free

Website: https://www.facebook.com/events/1820379381592377/

 

Science Rendezvous

Geology Building – U of S

Time: 10:00 am – 3:00 pm

Price: Free

Website: www.sciencerendezvous.ca/event_sites/university-of-saskatchewan

 

Shania Twain

SaskTel Centre – 101-3515 Thatcher Ave

Time: Doors – 6:00 pm, Show - $7:00 pm

Price: $59.95 - $179.95

Website: sasktelcentre.com

 

Sunday, May 13th, 2018

Annual Mother’s Day Brunch

German Cultural Centre – 160 Cartwright St E

Time: 10:00 am – 2:00 pm

Price: $29.95

Website: saskgerman.com

 

Mother’s Day Brunch

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: 9:30 am – 12:00 pm

Price: Adults - $32.00, Ages 18 & Younger - $15.00

Website: dakotadunescasino.com

 

Mother’s Day Brunch and Dinner Buffet at the Park Town Hotel

Park Town Hotel – Four Seasons Restaurant – 924 Spadina Cres E

Time: 9:30am – 2:00 pm, & 4:30 pm – 8:30 pm

Website: www.parktownhotel.com/blog/page/four-seasons-restaurant

 

Mother’s Day Tea Party

The Glen at Crossmount – Glenlyon Hall – 5 kms South on Saskatoon on Hwy 219

Time: 1:45 – 4:00 pm

Price: $42.00

Website: theglenatcrossmount.ca/activity/mothers-day-tea-party/

 

SSO Sunday Chamber Concert: Building Bridges

Delta Bessborough – 601 Spadina Cres E

Time: 2:00 pm

Price: $15.00 - $30.00

Website: saskatoonsymphony.org

 

Ongoing

May 8th – 13th, 2018

Cinergie: Saskatchewan’s Francophone Film Festival

Roxy Theatre – 320 20th St W

Price: Adults - $10.00, Ages 16 & Under - $5.00, Full Festival Pass - $40.00

Website: www.cinergiesk.ca/

 

May 11th – 17th, 2018

Canadian Light Source Science Odyssey Tours

Canadian Light Source – 44 Innovation Blvd

Time: 2:30 pm – 7:00 pm

Price: Free

Website: www.lightsource.ca/tours.html

 

May 11th – 13th, 2018

Canadian Prairie Synchronized Swimming Championship

Shaw Centre – 122 Bowlt Crescent

Time: All Day

Website: www.synchrosask.com/competitions/canadian-prairie-championship/

 

May 2nd – 28th, 2018

Native Prairie Appreciation Week – Youth Poster Contest

Website: www.pcap-sk.org/native-prairie-appreciation-week/2018-native-prairie-appreciation-week

 

 

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Friday, May 4th, 2018

An Evening with Patsy Cline

Nutana Legion – 3021 Louise Street

Time: 7:00 – 9:30 pm

Price: $30.00

Website: www.celebrity-imposters.com

 

Saturday, May 5th, 2018

Fire in the Kitchen Cook Off

Prairieland Park – 503 Ruth St W

Time: Doors open at 5:30 pm

Price: $700.00 individual/$600.00 table of 8

Website: https://www.picatic.com/spffacookoff2018

 

Goodnight Moon and the Runaway Bunny

Broadway Theatre – 715 Broadway Ave

Time: 10:00 am and 1:15 pm

Website: broadwaytheatre.ca

 

Gord Bamford

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: Doors 7:00 pm, Showtime 8:00 pm

Price: $45.00

Website: dakotadunescasino.com/entertainment/

 

Little Peanut Craft & Gift Fair

Saskatoon Exhibition

Time: 10:00 am – 4:00 pm

Price: $1.00

Website: https://www.facebook.com/events/132920067425081/

 

River Safety Day

River Landing

Time: 11:00 am – 4:00 pm

Price: Free

Website: www.theprairielily.com

 

SSO Season Finale with Gryphon Trio

TCU Place – 35-22nd St E

Time: 7:30 pm

Price: $15.00-$80.00

Website: saskatoonsymphony.org/event/masters-6-finale/

 

The Icons

German Cultural Centre – 160 Cartwright St E

Time: 6:00 – 11:00 pm

Price: $25.00

Website: saskgerman.com

 

Sunday, May 6th, 2018

Kyla in the Spring Art Show and Sale

German Cultural Centre – 160 Cartwright St E

Time: 3:00 – 7:00 pm

Price: $15.00 in advance, $20.00 at the door

Website: saskgerman.com

 

Mental Health and Addiction Services Fun Run/Walk

Diefenbaker Park

Time: 9:00 am

Website: https://www.mhasfunrun.ca/

 

Ongoing

May 6th – 8th, 2018

Centre for Forensic Behavioral Science and Justice Studies’ Violence and Aggression Symposium

University of Saskatchewan – 9 Campus Drive

Website: www.usask.ca/cfbsjs/va_symposia/VA2018/

 

May 7th – 9th, 2018

Menopause the Musical

Broadway Theatre – 715 Broadway Ave

Time: 7:30 pm

Website: broadwaytheatre.ca

 

May 4th – 6th, 2018

Saskatoon Jane’s Walks

Various Neighborhoods in Saskatoon

Price: Free

Website: janeswalksaskatoon.ca

 

 

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Competitive Market for Some Home Sellers

Home sellers need to put forward their best efforts when pricing and presenting their home for sale in any market but especially now with a total of 2,112 active listings in Saskatoon. This is the highest number of homes for sale eclipsing the peak of 2,081 in June of 2015. “Pricing is the most important decision a seller can make, especially in a buyers’ market.” advises Jason Yochim, CEO with the Saskatoon Region Association of REALTORS®. “This is something that requires the assistance of an objective and educated REALTOR® to reflect the market.” Of these, just under 1,300 are single family homes and about 850 are condominiums with close to 500 of these apartment style. Additionally, 350 of the apartment style condominiums are priced between $150-350,000, making this a very competitive segment of the market. With 848 single family homes priced between $250-500,000, there is a lot of choice for buyers who are being selective on what they want and what they want to pay. Homes priced over $500,000 total 278 available properties with 76 of these in excess of $750,000. The MLS® system saw 1,035 new listings for Saskatoon in May, a 7% increase over last May, and the highest number of new listings recorded in a single month.

In May there were 423 sales in Saskatoon representing a 7% increase compared to last May. So far year to date the total number of sales is down 2% at 1,459 units. Price ranges between $250-500,000 showed positive increases to the number of sales year over year. In 2016. In May of 2017 there were 358 sales in this price range compared to 329 last May. There was a 13% decrease in the number of sales priced between $500-750,000 in May of 2017. Year to date there were 12 sales in excess of $1,000,000 in Saskatoon. Six of these sales were single family homes, two were bare land condo units at the Willows and one sale was a downtown apartment unit. The home that sold for the most so far this year was $2,000,000.

The average number of days required to sell a home in Saskatoon is 48 days. The five year average for May is about 41 days. Based on the number of sales that occurred in May and the number of homes available on the market, it would take 5 months to liquidate the current inventory of properties for sale. The average selling price continues to remain stable at $$349,000. The median sale price also remains relatively unchanged year to date at $329,250. Although the total MLS® dollar volume was up 11.5% when comparing this May 2017 to last, the year to date dollar volume is down 1.3% at $670,000,000.

The market surrounding Saskatoon showed an increase in sales of 10.4% in May, however year to date sales in that market were down 8%. The average selling price for this area is up 7% year to date at $331,450. This market includes the cities of Warman and Martensville as well as other surrounding communities and acreage property.  .

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Friday, May 26th, 2017

Ideas on Tap: Building Brand Voice: The Link Between Storytelling and Marketing

Vendasta – 405 27th St W

Time: 4:00 – 6:30 pm

Price: Free

Website: https://www.facebook.com/events/205712776609131/

 

Back of the Bus

The Bassment – B3 202-4th Ave N

Time: 9:00 pm

Price: $20.00 - $25.00

Website: thebassment.ca/event/back-of-the-bus/

 

Saturday, May 27th, 2017

SJO: Changing Seasons 2017 Featuring Mark Fewer

Broadway Theatre – 715 Broadway Ave

Website: broadwaytheatre.ca

 

Race for Kids

Rotary Park – Saskatchewan Cres E

Time: 10:00 am

Price: $25.00 per person + fundraising

Website: www.raceforkids.ca/saskatoon

 

Melony Gibbs with the Maurice Drouin Orchestra

The Bassment – B3 202-4th Ave N

Time: 8:00 pm

Price: $27.00 - $37.00

Website: thebassment.ca/event/melony-gibbs/

 

Sunday, May 28th, 2017

Firefly Night Hike

Northeast Swale – Range Road 3050

Time: 9:00 – 10:30 pm

Price: Free

Website: https://www.eventbrite.com/publish?crumb=c75833e9bafbd0&eid=33841285195

 

Blast in the Park!

Saskatoon Forestry Farm Park & Zoo – 1903 Forestry Farm Park Drive

Time: 12:00 – 4:00 pm

Price: Parking is $2.00 per vehicle, cash only

 

Saskatchewan Marathon

Meewasin Trail – Meewasin Valley Trail

Time: All Day

Website: saskmarathon.ca/

 

Ongoing

May 26th – 27th, 2017

Wind Cars with the Saskatchewan Science Centre

Western Development Museum – 2610 Lorne Ave

Time: Friday 1:00 – 5:00 pm, Saturday 9:00 am – 4:00 pm

Website: www.sasksciencecentre.com/events-calendar/

 

May 25th – 27th, 2017

Top of the Hops – Grapes and Grains

Prairieland Park – 503 Ruth St W

Time: 6:30 – 11:00 pm

Website: https://www.topofthehops.ca/

 

May 23rd – 28th, 2017

Naturecity Festival

Website: www.wildaboutsaskatoon.org

 

 

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Spring has arrived and summer is fast approaching with the hot sun beating down along with clear skies. Everyone enjoys a warm sun, but sometimes the sun can become too warm and people look forward to going inside a building with blasting AC. Whether you are a first-time home buyer or an experienced one, you should know by now that your bills always seem to rise rapidly when that AC is turned on. Here are a few ways to help cut down that price and keep your house cool.

 

Awnings


For most houses, awnings aren’t really at the top of a person’s list to check to see if they can help with cooling down the house, but you should definitely take a peek outside and see what you are working with. Installing awnings over a south facing window can decrease the solar heat gain by almost half, while installing awnings on the west facing windows can decrease the solar heat gain almost by 75%.


Curtains


Almost everyone knows that by closing the curtains, the house becomes cooler as the sun and heat are blocked out by them, as solar heat gain can be decreased to close to 33%. If you close your curtains, but still notice that it’s still hotter inside then it is outside, check the weave of your curtains. Heavy closed weaved fabric curtains, such as velvet or broadcloth, are the best bet for effectively blocking out the sun.


Interior Shutters


If you have a quirky sense of design for your home, try installing interior shutters to your windows. Wood shutters would work best in blocking off the sun’s rays and cooling the house. They also add a little extra something to the room design that makes the room pop.

 

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Friday, May 19th, 2017

Canadian Baton Twirling International Cup Qualifier

PAC University of Saskatchewan – 87 Campus Drive

Time: 9:00 am – 10:00 pm

Price: Free

Website: www.cbtf.ca/

 

Saturday, May 20th, 2017

Asian Basketball Association Summer Slam 2017

Walter Murray Collegiate – 1905 Preston Ave S

Time: 9:00 am – 7:00 pm

Price: Free

 

Fernanda Cunha

The Bassment – B3 202 4th Ave N

Time: 8:00 pm

Price: $27.00 - $37.00

Website: thebassment.ca/event/fernanda-cunha/

 

Sunday, May 21st, 2017

George Canyon

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: 8:00 pm

Price: $40.00

Website: www.dakotadunescasino.com/

 

Monday, May 22nd, 2017

The Eisenhauers

Drift Sidewalk Café & Vista Lounge – 339 Ave A South

Time: 8:00 pm

Price: Donation

Website: https://www.driftcafe.ca/event-calender/2017/5/22/live-music-monday

 

Ongoing

May 18th – 28th, 2017

Dominion by Andrea Ledding

Studio 914 – 914 20th St W

Time: 8:00 pm

Price: Adults - $15.00, Senior & Student $13.00

Website: www.gtnt.ca/

 

May 16th – 27th, 2017

Featuring Artwork by Laurel Rossnagel and Dave Bauml

Collector’s Choice Art Gallery – 625D-1st Ave N

Time: Tuesday to Friday 9:30 am – 5:30 pm, Saturday 9:30 am – 5:00 pm

Price: Free

Website: www.collectorschoice.ca

 

 

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Friday, May 12th, 2017

Ironwood Quartet at Ritonello 2017

Village Guitar & Amp Co – 432 20th St W

Time: 8:30 pm

Price: $30.00 per person

Website: www.ritornello.ca

 

Culture in the Kitchen – Germany Meets Nigeria

Marion M. Graham Collegiate – 602 Lenore Drive

Time: 6:30 pm – 9:30 pm

Price: $20.00 per person

Website: www.saskgermancouncil.org/

 

Saturday, May 13th, 2017

Going to Graceland

Dakota Dunes Casino – 204 Dakota Dunes Way

Time: 6:30 pm

Price: $45.00

Website: www.dakotadunescasino.com/

 

Cody Peters Gala Banquet

Saskatoon Academy of Music – 629 1st Ave N

Time: 6:00 Cocktails, 7:00 pm Banquet

Price: $50.00

Website: https://www.picatic.com/event14874615341659

 

Vesna Festival

Prairieland Park – 503 Ruth St W

Website: www.vesnafestival.com/

 

100th Anniversary of our Lady of Fatima

Holy Family Cathedral – 211 Ave O South

Time: 2:00 pm

Price: Free

Website: https://www.facebook.com/events/199417710541311/

 

Sunday, May 14th, 2017

Mother’s Day with Mistral 5

Mayfair United Church – 902 33rd St W

Time: 2:30 pm

Price: $30.00 per person

Website: www.ritornello.ca

 

Dean Brody

TCU Place – 35-22nd St E

Time: 7:00 pm

Website: cutickets.ca

 

Vesna Festival

Prairieland Park – 503 Ruth St W

Website: www.vesnafestival.com/

 

Cakes in the City

Western Development Museum – 2610 Lorne Ave

Time: 1:00 pm – 4:00 pm

Price: $10.00 per person or $25.00 per family

Website: www.cakesinthecityweb.wordpress.com

 

Canadaland Guide to Canada Live

The Refinery – 609 Dufferin Ave

Time: 7:30 pm

Website: https://broadwaytheatre.ca/events

 

Monday, May 15th, 2017

 

Ongoing

May 11th – 14th, 2017

2017 Provincial Gymnastics Championship

Saskatoon Field House – 2020 College Drive

Time: All Day

Website: www.gymsask.com/

 

May 11th – 14th, 2017

2017 17U & 18U Boys Volleyball Championship

Kinsmen/Henk Ruys Soccer Centre – 219 Primrose Drive

Time: All Day

Price: Event Pass - $30.00, Day Pass - $12.00, Children 13 & Under – Free

Website: www.volleyball.ca/node/4173

 

 

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Here are three suggestions to increase the value of your home. Before renovations start, be sure to calculate all the costs and map out a timeline for the renovations.

 

  1. Add a bedroom

 

Known as one of the best ways to add revenue to any property, adding a bedroom to your house will most defiantly add value to your house. Owning a house with a flexible floor plan helps enable you to either move internal walls, or enclose a large outside area within a roofline of the house, like a balcony.

 

  1. Add a kitchen

 

The main focal point of a house is the kitchen, because this room is used every day by everyone in the household. Adding clean new cupboards, upgrading your appliances, and adding new storage space is a sure way of adding value to your house. 

 

  1. Add a bathroom

 

Another room that always creates an impression on a house is the bathroom. Changing a bathroom by simply repainting the walls a bright color, and refurnishing can change a dreary and dark bathroom, into a bright and colorful bathroom. To make a small bathroom seem larger, laying large rectangular tiles laid horizontally really makes a small bathroom seem bigger. To add another wow factor to a simple bathroom, put in a free standing bath tub or a frameless glass shower screen.

 

 

When deciding to renovate a home, always be sure to ask for professional and expert help to ensure that even the smallest space, can look amazing with just a few simple changes.

 

Also make sure, that before starting anything, that all your finances are in check and that you have a backup in case of a delay or over runs.  

 

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Phone: 306-221-9221

345 4th Avenue South #210

Saskatoon, SK S7K 1N3

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