Welcome to 10 Deer Run Crescent, Bergheim Estates, SK

Welcome to 10 Deer Run Crescent in the Bergheim Estates, RM of Aberdeen, SK

Offered at $820,000 MLS®

View full listing detailshere.

We live a busy life that often seems high on demands and low on rewards. Perhaps it’s your time to change that. 10 Deer Run Crescent offers the best of two worlds. Think of it as your escape from the busyness of life, available daily, right after work. Located just 15 kilometres from Saskatoon’s east end, you’ll be home in a flash, but always close enough to get the kids to that next hockey practice, or to run for groceries. Situated on five beautiful acres that offer panoramic prairie views, and killer Saskatoon city sights that come to life each night as the sun goes down, a future of privacy and quiet awaits you. It’s your time to disconnect from the world and reconnect with family. You won’t feel as though anything is lacking when you arrive. This expansive bungalow offers almost 2000 square feet of living space on the main floor, plus a fully developed lower level. The current owner has an appreciation for quality that will be apparent at every turn from the German Beechwood floors, to the solid maple interior doors and casings, to the custom window coverings throughout. The kitchen is an absolute pleasure to prepare and enjoy a meal in. It offers stunning maple cabinetry, granite countertops, a four foot by eight foot island, high-end stainless steel appliances, and much, much more. Wind down your days enjoying a glass of wine by the fire, in the air jet tub, in the privacy your beautifully appointed master bedroom ensuite. There’s a three car heated garage for your vehicles, and a thirty foot by forty foot heated shop for those who collect, tinker, or work at home. Our pictures and 3D tour tell the story better than we can so please, have a look, and then come explore in person. We’re certain you won’t want to leave.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Saskatoon real estate week in review: December 31, 2017 – January 6, 2018

Happy new year to you!

We are officially out of the gate for a brand new year of weekly Saskatoon real estate sales data updates.

The number of Saskatoon homes that traded through the MLS® system grew by 75 percent over the previous week! That sounds more impressive than it actually is, however. Total residential sales came in at just 28, up from 16 last week, and down from 30 for the same week last year.

The new listing activity also took some gains as they now begin an upward climb that will see increases during most weeks through the first half of 2018. Saskatoon real estate agents brought 117 new listings to the multiple listing service®, up from 87 last week, but way, way down from the opening week of 2017 when 198 new listings hit the system.

Weak new listing numbers and a big whack of home listings that met the end of their term as we ushered in the new year brought inventory down significantly. As of this morning, MLS® listings in the residential category had fallen to just 1469. That’s the lowest number for this particular week since 2015, and in fact, the lowest number of active listings for any week since the close of the 2015 calendar year when they sat at 1432. As the week ended, inventory was down 138 units from last week’s close, and below levels recorded at the close of the same week last year by 68. Could this be the beginning of the end for high inventory levels? That story will unfold and become clear over the next 60 to 90 days as we ramp up for the spring market. As of today, Saskatoon home buyers can find 808 single-family homes displaying an active status, down 70 from last week but up three from a year ago. Condo inventory is at 582 for an annual decline of 18.

Once again, these weeks with very few sales don’t tell much of a story in any of our data measures, especially price. This week we see both the weekly average selling price, and the weekly median price tumble to $312,250 and $266,900 respectively, with nearly half of this week’s sales reporting a price below $250K. The six-week average price edged lower by five thousand dollars compared to the week before to close this period at $335,890. That’s down by about three thousand dollars compared to the opening week of the previous year. The four-week median price fell sixty-five hundred dollars from where it sat last week to finish this week at $317,750 for a year-over-year decline of seventeen thousand dollars.

Even though the weather was cold and there was little heat in the market itself, one lucky seller must have found themselves looking at competing offers as they sold their home for $100 above asking price. The remaining 27 sales required some give on the sellers part. They were reported to have sold at an average discount of $14,378.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales.

More weekly stats and numbers for those who love them.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is

Welcome to #2170 – 424 Spadina Crescent East, Central Business District, Saskatoon, SK

Welcome to #2170 – 424 Spadina Crescent East in the Central Business District area of Saskatoon.

Offered at $475,000 MLS®

View full listinghere.

This beautifully renovated condominium offers the finest in urban living starting with expansive views of the South Saskatchewan River valley. The master bedroom, the living room, the kitchen and the reading room all offer large windows overlooking Saskatoon’s prettiest landscape. Quite simply, spectacular!

This central location gives you easy access to all that you’ll need from the Broadway business district, to River landing, to the downtown core offering a selection of dining and entertainment options that has exploded in recent years. You might find yourself driving considerably less while your car stays behind in the secure underground parking garage.

Single professionals or couples are most likely best suited for this two bedroom home, which features a spacious and open floor plan, ideal for entertaining.

Please, take the 3D tour above and be sure to get up close to the windows where you can begin to appreciate the views that you’ll enjoy daily in your new home.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Welcome to #402 – 333 Silverwood Road, Silverwood Heights, Saskatoon, SK

Welcome to #402 – 333 Silverwood Road in the Silverwood Heights area of Saskatoon.

Offered at $235,000 MLS®

View full listing detailshere.

This spacious top-floor corner unit is tough to beat for those who love the condo lifestyle. Start with its location at the corner of Silverwood and Meilicke Road. WJL Harvey Park is your back yard. Elementary and high schools are all an easy walk. For those who love to run, walk, bike, or even cross country-ski, the Meewasin Valley Trail system is just a few hundred metres from your door. An abundance of shopping and dining opportunities exist in the opposite direction that can easily fill your needs. You can drive downtown in under ten minutes. The home is located on the fourth floor, all of which was added to this building as part of an extensive renovation in 2005 and 2006. This is not your typical apartment. The floor plan provides for maximum privacy with a bedroom and a bathroom located on either side of the main living area. You’ll love entertaining here. Vaulted ceilings and an open living area give this home a large and impressive feel. Easily expand your space and get outside to your private balcony, accessible through the garden door in the living room. The kitchen is huge and a true joy to cook in. There are more cupboards than you might expect to find in a typical condo, and the granite countertop seems to go on forever. The large island is perfect for meals and will likely be a natural gathering spot when your friends join you for a glass of wine. The kitchen is complete with stainless steel appliances including fridge, stove, dishwasher and a built-in microwave/range hood. The master bedroom features a full walk-in closet and a four piece bathroom. Additional features include central air conditioning, in-suite laundry with washer and dryer included, and two parking stalls with electrical service.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

In spite of a strong December, Saskatoon real estate market sees a drop in sales in 2017: SRAR

A media release from the Saskatoon Region Association of REALTORS® with an overview of residential MLS® sales and listing activity for the month of December 2017 follows.

The number of Saskatoon home sales for December came in at 205 units, up 11 percent compared to the same month in 2016. Sales activity in the area surrounding Saskatoon saw a 13 percent increase. These gains could be partially attributed to the mortgage rule changes that took effect January 1st of 2018. Home buyers with a downpayment of 20 percent or more now have to qualify at an interest rate that is 200 basis points higher than the posted rate, or the Bank of Canada’s five-year rate, whichever is higher.

Listing activity, on the other hand, declined dramatically with an 18 percent reduction in new listings for the month, year-over-year. “This decrease in listing activity could be the result of seller’s fatigue from having been on the market for an extended time period without securing an offer,” according to Jason Yochim, CEO of the Saskatoon Region Association of REALTORS® (SRAR). “The increase in December sales and decline in new listings is a positive for decreasing high inventory levels,” he added.

Not surprisingly, with lower sales and a large inventory of homes to choose from, home prices continued to see downward pressure. The median price for a home in Saskatoon declined by 3.3 percent from last December to $324,000 while the average price showed a half point decline to $339,520. The Home Price Index (HPI) composite benchmark value declined by 3.7 percent to $295,100, its lowest point since March of 2012. The HPI composite value has been in an overall decline since August of 2016 when it was $317,600.

On average, it took 61 days to sell a Saskatoon home in December, up sharply from 51 for the same month last year.

The year-to-date story for 2017 is one of a slower market when compared to 2016. The total dollar volume for this year’s sales came in just shy of $1.6 billion, a nine percent decrease from 2016. This was the third straight year of decline since the Saskatoon market peaked with sales volume of $2.1 billion in 2014. Saskatoon home sales totalled 3,491 units in 2017, a five percent decline from 2016, and significantly lower than the five-year average of 3,957 sales. In 2017 there were a total of 8,972 homes listed for sale within Saskatoon, a three percent decline from the previous year. The sales-to-listing ratio (percentage of listings that became firmly sold while listed for sale) for the year was 35 percent. In other words, roughly a third of the homes listed actually ended up selling.

“Successfully selling a home in this current market requires more than information,” comments Yochim. “Sellers need the guidance of a REALTOR® to understand how historical sales data impacts their pricing decision.”

For further information, please contact:

Jason Yochim CAE, CRAE
Chief Executive Officer
Saskatoon Region Association of REALTORS®