Welcome to 416 1st Street East, Langham, Saskatchewan

Welcome to 416 1st Street East, Langham, Saskatchewan

Offered at $239,000 MLS®

View full listing detailshere.

Fully furnished! Just move in and enjoy.

Situated on a large 9,000 sq/ft lot, this great 3 bedroom starter home is where you can enjoy quiet country living in Langham, and all of the amenities of Saskatoon, which is only a short 20 minute drive away. Anglers and water enthusiasts can enjoy a short 7km drive to the river for boating, fishing, or a lazy float. Our gorgeous Saskatchewan summers can be spent in the fully fenced backyard, which features a covered patio, a gazebo, a fire pit, a newer shed and underground sprinklers. The single attached garage with direct entry is perfect for parking your vehicle in the cold, winter months.

The kitchen/eating nook has oak cabinets, and is open to the spacious living room. Both rooms are sunny and bright thanks to the large, north facing, dual pane windows. The bedrooms on the main floor and the living room have newer laminate flooring. No more trudging baskets up and down the stairs, the laundry is also on the main floor.

The lower level is fully developed with a large family room, a kitchenette/wet bar, a 4 piece bathroom, the third bedroom and a large utility room. The furnace was new in 2014 and new shingles, eaves and soffits were installed in October 2018.

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

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 (#622) for February 2-8, 2019

The Saskatoon real estate market saw a slight decline to residential sales as the total number of homes traded fell to 44 this week, down three from the week before, and a drop of seven when compared against the same period last year. This is the third consecutive during which sales fell short on a year-over-year basis. The weather is undoubtedly having a cooling effect on an already tepid real estate market as people are showing some reluctance to leave the house when they can avoid it.

New listing numbers moved higher in spite of the weather as a large number of home listings that had expired at the end of January came back to the MLS® system for another go. A total of 135 Saskatoon homes entered, or re-entered the system this week, up from 108 the previous week for an annual gain of four.

After taking a solid dip last week the number of Saskatoon homes listed for sale on the multiple listing service® rebounded. By the close of business Friday, total inventory in the residential category had grown by 37 from the previous week’s close reaching 1428. That’s 125 fewer listings than were available a year ago, and the lowest for “week six” of any of the past five years. Included in the mix are 795 single-family homes, down just 27 annually, and 552 condominiums, which represents an annual drop of 96 units.

Slightly more upper end activity moved the median sale price for the week higher to $314,500. With only a few sales above the $500,000 mark the average sale price for the week still managed to decline to $311,904. The six-week average price sipped lower to $307,920 losing about nine thousand dollars on the week to find itself down annually by close to 40K. The four-week median price re-bounded growing by almost fifteen thousand dollars this week and reaching $305,000. That’s good for an annual decline of about 28K.

Seller’s dreaming of multi-bid situations found themselves disappointed as none got more than their asking price. Meanwhile, Saskatoon home buyers found they could grind a bit of a deal as 36 made off with a discount that averaged $13,341.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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

Saskatoon home prices show annual declines in January 2019: SRAR

Average Saskatoon home sale prices were down 12 percent year-over-year in January to $302,412. By comparison, the average price in January of 2017 and 2018 was $341,260 and $344,720 respectively. The challenge with averages is that the numbers can be skewed in a given period and are therefore not a reliable reflection of pricing. For this reason, the Canadian Real Estate Association created the MLS® Home Price Index (HPI) for major cities to give a more accurate reflection of pricing trends. The HPI establishes attributes for a handful of typical housing styles; Single Family, One Storey, Two Storey, Townhouse, Apartment and a composite of all five. It then establishes a base value to each with the starting point of 2005. From that starting point, changes in value are recorded over time to get a better sense of what is happening to pricing and where prices may be trending. For example, the MLS® HPI value for a typical single-family home in January of 2005 was $140,400. This value reached its peak in May of 2015 at $329,500. At the end of January 2019, this value is at $304,300, down from $307,300 last January. This indicates a less drastic decline in year-over-year values than the average price of a sold Saskatoon home would suggest.

The total MLS® dollar volume for sales in the Saskatoon Region for January was $84 million, down six percent from a year ago and comparable to 2017. In spite of this dollar volume decline, January home sales on the Multiple Listing Service (MLS®) in Saskatoon declined by only one percent in January to 199 transactions. The region surrounding Saskatoon had 60 MLS® sales in January, only five fewer than last January and 18 percent more than in January 2017.

Residential MLS® listing totals for January were the lowest in the past six years with 555 new listings introduced to the market, down ten percent from last January. For the market surrounding Saskatoon, the number of new MLS® listings was unchanged from a year ago with 216 units listed for sale. “New listings to the market are not always houses being introduced for the first time to the market,” comments Jason Yochim, CEO of the Saskatoon Region Association of REALTORS® (SRAR). “Many new listings are homes that did not sell in the initial listing attempt and are relisted, often at a revised price.” The total number of active listings as at the end of last month was 1,450 compared with 1,529 last year. “It’s positive to see the overall number of active listings decline to prepare the way for prices to recover,” adds Yochim. “Some price ranges still have a good supply to choose from while others do not.

For further information, please contact:

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

Saskatoon real estate week in review (#621) for January 26 – February 1 2019

Saskatoon real estate agents reported 47 firm residential sales to the multiple listing service® over the past week matching numbers recorded the week before. That left us short by nine sales when comparing the numbers against results from the same week last year. That said, January proved to be a decent month with 201 Saskatoon homes trading hands, even with January 2018.

New listings saw increased activity compared to the previous week while falling well below last year’s activity for the same week. Local REALTORS® added 108 Saskatoon residential properties to the MLS®, up from 95 a week earlier, but a decline of 26 from the same period last year.

The total number of Saskatoon homes listed for sale on the multiple listing service® fell lower as the final week of January closed and 103 listings expired without a sale. As of this morning, the MLS® system showed 1391 properties, down from 1444 at last week’s close, and down further from the close of the same week last year when 1518 properties showed an active status.

In that mix, we have 767 single-family homes, down from 794 a year ago. Condo inventory has fallen even further to settle at 546 today, down from 636 at this time last year. A 15 percent drop in this category is encouraging and reflective of the massive decline in the number of new condominiums that are completed but unoccupied.

The average price of a Saskatoon home took a jump this week thanks to a couple of big sales. It reached $344,528. The median price for the week also edged higher to $308,000. Both of the longer-term measures we track recovered a bit. The six-week average price grew nearly eight thousand dollars from the week before to reach $316,809 which is still nearly 25K below the levels it had reached a year earlier. The four-week median price grew to $289,750. That’s up about twelve thousand dollars from last week but a remarkable 50K lower than it was at the close of the same week in 2018.

There were two overbid sales this past week, both fairly substantial at $51,100 and $16,600. Meanwhile, 41 of the week’s sales closed below the seller’s asking price netting those buyers an average discount of $13,485.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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

Welcome to #305 – 222 Saskatchewan Crescent E, Nutana, Saskatoon, SK

Welcome to #305 – 222 Saskatchewan Crescent E in the Nutana area of Saskatoon.

Offered at $389,900 MLS®

View full listing detailshere.

Welcome to #305 – 222 Saskatchewan Crescent East, in the highly desirable neighbourhood of Nutana. Located in The Park Terrace, across the street from Rotary Park, this third floor, one bedroom (plus den) condo boasts stunning views of the river front and downtown Saskatoon, and is just a short distance from all the amenities of Broadway, The Saskatoon Farmer’s Market, The Remai Modern, and everything else that downtown has to offer. Walking into the condo, you’ll notice the large, open floor plan all with laminate flooring. The kitchen has plenty of cabinets, an island with breakfast bar and quartz countertops. The living room is bright and features with a wood burning fireplace, which is perfect for our chilly winter nights. Off of the living room, through double glass doors, is a den with built in shelving and a window with river views. The large master bedroom, also has river views, as well as dual closets and a four piece ensuite. This unit also comes complete with a three-piece main bathroom and a large storage room with in-suite laundry. Access to the amenities room (pool table and shuffle board) and one underground parking spot is included with this condo.

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

If you have a home to sell, we’d be happy to represent you and prominently display your home here.