Two great renovation guides for your wintertime projects

I came across this excellent infographic prepared by Northshore Fireplace and thought I’d share it here for those who are itching to renovate but uncertain of where to start.

For those who appreciate more of a book type format, this 12-page brochure style guide that I came across recently is premium. It offers more extensive overviews of home renovation costs and their likely impact on your home’s value. Download it here.

Happy renovating.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

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New and improved neighbourhood pages for TeamFisher.com

The Neighbourhoods section of our website has served tens of thousand of visitors over the years in selecting a Saskatoon area to settle their family in, and it remains one of the most used areas of the site. It’s been a few years since those pages have had a significant overhaul. In an attempt to give them a fresh, new look, and to add some useful functionality we’ve just put them through a pretty solid update with the addition of dynamic charts and graphs.

We’ve heard they’re hugely helpful for people who are moving to Saskatoon for the first time, and there may be some good uses for Saskatoon residents as well.

For instance, each page features a ten year price trend chart that will let you see how your area’s prices are fairing compared to Saskatoon in general.

The compilation of charts might be a nice addition to your community association’s webpage as well. If you had such a use, I’d be happy to provide the code so you could display it there to.

Anyway, please check them out here, or use the “Neighbourhoods” button on the red navigation bar.

Norm Fisher
Royal LePage Vidorra

Saskatoon real estate week in review: January 24-30, 2016

Saskatoon real estate sales continued to make marginal gains for the fifth week in a row, this week growing to 53 residential sales, up from 46 a week ago. For the first time in five weeks, sales failed to meet those recorded during the same period last year. In 2015, the final week of January saw 61 sales. The decline of seven this week appears to be just enough of a hit to close January down slightly from the same month a year ago. I see 175 firm deals for January 2016 versus 179 during that same month last year.

New listings for the week pushed higher once again climbing to 156, up 20 from last week, for a year-over-year increase of 16 homes,

Active Saskatoon real estate listings continued to edge higher, making very marginal gains. This week they grew from 1,611 to 1,624 to finish well above levels recorded during this week last year when 1,447 were showing an active status on the MLS® system. Available single-family homes sit at 884 units today, slightly higher than the 823 that could be found a year ago. Condo inventory continues to be the primary contributor to annual increases to the inventory. Today we have 585 units available, versus 482 at this time last year.

Just a slightly higher number of unit sales in the upper end range of the Saskatoon real estate market pushed the median sale price up this week to $354,900 even while the weekly average priced inched marginally lower to $353,547. The six-week average price took a pretty solid leap forward as it climbed to $353,598 from $346,182 last week. That was enough of an increase to claim an annual gain of roughly twenty-three hundred dollars. Finally, the four-week median price went to $338K, up from $331,500 at the close of the previous week for an annual increase of $1,750.

Overbid sales once again drew a blank as not a singe seller found themselves in that fortunate position of having more than one buyer wanting to outbid each other. Instead, 51 buyers got away from negotiations with an average discount amounting to $10,814. The remaining two settled at the seller’s full price.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

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Curious about home values in your area? Receive a free report that includes sale prices of recently sold homes, average days on the market and average discounts.

Saskatoon real estate week in review: January 17-23, 2016

It was another reasonably strong week for the Saskatoon real estate market given the season as we saw the fourth consecutive week in which sales met or exceeded numbers recorded for the same period the previous year. Local agents reported 46 firm sales to the Saskatoon MLS® system this week for a weekly gain of five units, enough to match sales for the same week last year.

At the same time, the number of new listings that were added to the multiple listing service® fell, and in fact, recorded annual declines for the second week in a row. A total of just 136 listings were added to the system over the course of the week, for a weekly decline of 33, and an annual drop of 45 Saskatoon homes.

Even as sales saw some marginal gains and new listings slid lower, the total number of available MLS® listings grew for the third consecutive week to close the week at 1611, up 33 from last week’s close to finish up on numbers recorded on this date last year by 178. A closer look by housing type shows that buyers have a selection of 881 single-family homes to choose from, up from 810 at this time last year. Condominium inventory grew to 575, up from 481 a year ago. These are some of the smallest annual gains that we’ve seen in a year’s time, but of course, we’re now looking backwards at some inventory numbers that had already taken big gains.

A slightly stronger run at the upper end of the Saskatoon real estate market brought the median sale price of a Saskatoon home back out of the depths and into more “normal” territory as it rose more than 50K to $342,000 while one sale above the million dollar mark pushed the average price higher to $355,759. The six-week average price took its second consecutive weekly decline as it slid eight thousand dollars to $346,182 to reach its lowest point since late October, five grand lower than it was a year ago. Meanwhile, the four-week median price moved in the opposite direction growing by eight thousand dollars on the week to reach $331,500. It fell short of where it sat at this time last year by thirty five hundred dollars.

After being shut out for a few weeks in a row overbid sales returned to the board as three lucky sellers managed to close a deal above their asking price with a modest bonus of $1243 being paid on average. On the flip side of the negotiation table buyers made off with larger than normal discounts as 42 home sellers agreed to a deal that had them dropping an average of $15,122 to close the sale.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

Receive a weekly digest of our blog posts

Curious about home values in your area? Receive a free report that includes sale prices of recently sold homes, average days on the market and average discounts.