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    <title>Saskatoon Real Estate Blog</title>
    <link>http://activerain.com/blogs/pearcjo</link>
    <description>Updates on the market activity in Saskatoon, Saskatchewan, Canada</description>
    <language>en-us</language>
    <item>
      <guid>http://activerain.com/blogsview/2120797/saskatoon-saskatchewan-real-estate-update-january-2011</guid>
      <title>Saskatoon Saskatchewan Real Estate Update January 2011</title>
      <description>&lt;h5&gt;
&lt;strong&gt;
&lt;p&gt;&lt;strong&gt;&lt;span style="text-decoration: underline;"&gt;2011 Residential Sales Market Begins on a Positive Note &lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/strong&gt;
&lt;/h5&gt;&lt;p&gt;The 2011 residential resale market started on a positive note with Saskatoon REALTORS&amp;reg; assisting 195 home buyers with the purchase of their dream home. This number was up 10 % from January 2010 when 178 homes were sold. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of January was 43 days.&lt;/p&gt;
&lt;p&gt;The average residential selling price in January was $300,353.00 this number up 11 % from January 2010 when the average selling price was $270,265.00.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;REALTORS&amp;reg; listed 531 homes in January that number up 34% from January 2010 when 395 properties were listed for sale. Home buyers had 958 homes to select from at the end of January.&lt;/p&gt;
&lt;p&gt;In areas surrounding Saskatoon sales activity was very active with 57 homes selling that number up 73% from January 2010 when 33 homes were sold. REALTORS&amp;reg; listed 214 properties in these areas in the month of January. That number is up 60 % from January 2010 when 134 properties were placed on the market for sale. The average number of days to sell in areas around Saskatoon during the month of January was 60 days.&lt;/p&gt;
&lt;p&gt;The new home market remains strong with steady city lot sales taking place. Interest rates remain unchanged being favorable to purchase that next home. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for prices level or move up slightly due to demand.&lt;/p&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg; Inc&lt;/p&gt;
 &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Sat, 05 Feb 2011 21:46:22 -0800</pubDate>
      <link>http://activerain.com/blogsview/2120797/saskatoon-saskatchewan-real-estate-update-january-2011</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1896437/saskatoon-saskatchewan-facts-and-figures-september-2010-from-srar</guid>
      <title>Saskatoon Saskatchewan facts and figures - September 2010 from SRAR</title>
      <description>&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Demand for Residential Housing Softened Slightly &lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;p&gt;For the month of September unit sales were down by 13% with 304 units selling as compared to 351 units selling in September of 2009.Year do date unit sales are down 7% with 2,830 units having sold. The average time on the market was 39 days. The greatest sales activity remains in the $300,000.00 to $350,000.00 price range.&lt;/p&gt;
&lt;p&gt;The average residential selling price in September was $312,582.00 up 12% from September 2009 when the average selling price was $279,457.00. Year to date the average selling price is also up 6% and stands at $294,465.00. The increased average selling price indicates sustained activity in the mid to upper price range. Another contributing factor is with new home construction being active numerous new homes are being sold through the MLS&amp;reg; system. Often these new homes are in the mid to higher price range impacting the average selling price.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;Year to date REALTORS&amp;reg; have sold $833,335,308.00 of real estate down 2% from 2009 when year to date $848,096,579.00 of real estate had sold. Listing numbers are up 15% from September 2009 with 594 properties being listed in September. Year to date the listings taken number is up by 3% with 5,626 properties being placed on the market. Home buyers had 1,304 homes to select from at the end of September.&lt;/p&gt;
&lt;p&gt;The market softened somewhat in communities around the city. Unit sales in e.g. Martensville, Warman, Clavet and Dundurn had 79 sales take place down 34% from September 2009 when 119 homes were sold. The average selling price for September in these communities was $249,825.00 that number down 8% from September 2009 when the average was $271,401.00. Listing numbers were down slightly in the month of September with 272 properties being placed on the market down 7% from September 2009 when 294 homes were placed on the market for sale.&lt;/p&gt;
&lt;p&gt;Consumers continue to express their confidence in the local economy as evidenced by their buying patterns. Employment numbers continue to increase. New home construction is doing well, retail sales are strong and when coupled with low interest rates conditions are favourable for a sustainable market environment. Sales and listing activity is expected to remain similar throughout the fourth quarter.&lt;/p&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg;&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Tue, 05 Oct 2010 11:14:22 -0700</pubDate>
      <link>http://activerain.com/blogsview/1896437/saskatoon-saskatchewan-facts-and-figures-september-2010-from-srar</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1848619/saskatoon-real-estate-facts-and-figures-august-2010</guid>
      <title>Saskatoon Real Estate Facts and figures - August 2010</title>
      <description>&lt;p&gt;SRAR&amp;nbsp;releases Saskatoon market update for August 2010&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;span style="text-decoration: underline;"&gt;Residential Home Sale Numbers Down - Average Selling Price Up &lt;/span&gt;
&lt;p&gt;Saskatoon REALTORS&amp;reg; assisted 313 buyers with the purchase of a home in the month of August. This number was down 20% from August 2009 when 392 homes were sold. Year to date 2,527 homes have sold, down 6% from 2009 when year to date numbers stood at 2,696. The increase in new home sales has somewhat impacted the resale market.&lt;/p&gt;
&lt;p&gt;Increased sales activity in the mid to upper price range homes contributed to the 8% rise in the average selling price in August which stood at $305,866.00. The average selling price in August 2009 was $282,320.00. The year to date figure stands at $292,323.00 up 5% from 2009 when the average was $278,193.00. The highest sales activity remains in the $300,000.00 to $350,000.00 price range.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;645 properties were placed on the market for sale in the month of August; this number is up 25% from August 2009 when 517 homes were listed for sale. The year to date listing number stands at 5,033. Home buyers had 1,355 homes to select from at the end of August on par with last month when 1,334 homes were for sale.&lt;/p&gt;
&lt;p&gt;In areas surrounding Saskatoon e.g. Martensville Warman and Dundurn unit sales were down 6% with 90 properties being bought as compared to August 2009 when 96 homes were purchased. The average selling price was $259,338.00 down 4% from August 2009 when the average was $270,488.00. Listing numbers were up 25% in the areas around Saskatoon with 248 properties being listed as compared to 199 in August 2009.&lt;/p&gt;
&lt;p&gt;Residential sale numbers are expected to remain on par or soften slightly for the remainder of the year. Interest rates are favourable, confidence remains strong in the local economy and new home sales continue to build momentum. These are all necessary components to maintain a stable market environment.&lt;/p&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg;&lt;/p&gt;
&lt;/strong&gt;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Fri, 10 Sep 2010 09:38:35 -0700</pubDate>
      <link>http://activerain.com/blogsview/1848619/saskatoon-real-estate-facts-and-figures-august-2010</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1780792/saskatoon-real-estate-facts-and-figures-july-2010-from-srar</guid>
      <title>Saskatoon Real Estate Facts and figures July 2010 from SRAR</title>
      <description>&lt;p&gt;&lt;strong&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/strong&gt;&lt;/p&gt;
&lt;strong&gt;&lt;/strong&gt;
&lt;p&gt;From Saskatoon Region Association of REALTORS&amp;reg; Inc&lt;/p&gt;
&lt;p&gt;
&lt;/p&gt;&lt;p&gt;&lt;strong&gt;Residential Home Sales Soften in the Month of July &lt;/strong&gt;&lt;/p&gt;

&lt;p&gt;
&lt;/p&gt;&lt;p&gt;Home buying activity was down slightly in the month of July with 357 homes selling down 18% from July 2009 when 438 homes were sold. Year to date unit sale numbers are down 4% with 2,217 homes having sold as compared to 2,304 selling in 2009 at this time of year. The majority of the sales activity remained in the $300,000.00 to $350,000.00 price range.&lt;/p&gt;
&lt;p&gt;The average selling price remained strong at $289,715.00 up 2% from July 2009 when the average was $283,531.00. Year to date the average selling price is $290,515.00 up 5% from 2009 when the average year to date number was $277,490.00. The higher average selling price indicates continued strength in the mid price range homes. In July it took 39 days on average to sell a home.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;Home buyers had 1,334 properties to select from at the end of July. Inventory levels decreased from the month of June when 1412 homes were on the market. Listing inventory continues to balance with REALTORS&amp;reg; listing 550 properties in the month of July that number down 7% from July 2009 when 594 homes were placed on the market for sale. Year to date listing numbers are on par with 2009 with 4,389 having been listed for sale.&lt;/p&gt;
&lt;p&gt;Similar sales and listing activity was seen in the areas around Saskatoon e.g. Martensville, Warman, Clavet and Dundurn. Unit sales softened with 71 properties selling down 34% from July 2009 when 108 properties sold. The average price increased to $284,158.00 up 12% from July 2009 when the average selling price was $254,123.00. Listing numbers were down 15% with 230 properties being placed on the market. Year to date 1,643 have been placed on the market.&lt;/p&gt;
&lt;p&gt;Market demand remains steady, interest rates are favorable and job growth continues. Similar market conditions are expected for the remainder of the summer.&lt;/p&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg; Inc&lt;/p&gt;

&lt;p&gt;1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life"&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS&amp;reg;) and/or the quality of services they provide (MLS&amp;reg;). Used under license &lt;/strong&gt;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Wed, 04 Aug 2010 12:23:46 -0700</pubDate>
      <link>http://activerain.com/blogsview/1780792/saskatoon-real-estate-facts-and-figures-july-2010-from-srar</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1728739/saskatoon-saskatchewan-canada-real-estate-update-for-june-2010</guid>
      <title>Saskatoon, Saskatchewan, Canada Real Estate Update-for-June-2010</title>
      <description>&lt;p&gt;
&lt;/p&gt;&lt;p&gt;&lt;strong&gt;
&lt;p&gt;
&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;/strong&gt;&lt;/p&gt;
&lt;strong&gt;Residential Unit Sales Softened in the Month of June &lt;/strong&gt;

&lt;p&gt;
&lt;/p&gt;&lt;p&gt;The second quarter of 2010 ended with 1,863 year to date residential unit sales on par with 2009. The unit sales number for the month of June declined by 17% with 364 properties being sold as compared to 441 properties selling in June 2009. However the average selling price in June was $295,963.00 up 7% from June 2009 when the average was $276,194.00. This increase indicates strong activity in the mid to upper price range of homes. The $300,000 to 350,000.00 price range continues to experience the greatest sales activity&lt;/p&gt;
&lt;p&gt;The average residential selling price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;

&lt;p&gt;REALTORS&amp;reg; listed 676 homes in the month of June a similar number to June 2009 when 669 homes were placed on the market. Year to date listing numbers are on par with 3,838 properties being listed for sale. Consumers had 1,412 homes to select from at the end of June.&lt;/p&gt;
&lt;p&gt;
&lt;/p&gt;&lt;p&gt;Sales activity in the smaller communities around Saskatoon e.g. Martensville, Warman, Dundurn remained very balanced with 101 units selling. That number was up 3% from June 2009. The average selling price was up 1% at $254,203.00, the year to date average selling price in these areas is up 4% at $252,788.00. Listing numbers were down 4% with 246 properties being placed on the market for sale as compared to 257 in June 2009.&lt;/p&gt;

&lt;p&gt;Similar market activity is expected in the third quarter. New home sales are brisk, interest rates remain attractive, job creation continues to increase and regular in migration is taking place. In addition consumer confidence in the local economy also remains strong. All of these are necessary components of a healthy real estate market environment.&lt;/p&gt;
&lt;p&gt;
&lt;/p&gt;&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg; Inc&lt;/p&gt;

&lt;p&gt;1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life"&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS&amp;reg;) and/or the quality of services they provide (MLS&amp;reg;). Used under license &lt;/strong&gt;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Mon, 05 Jul 2010 17:34:04 -0700</pubDate>
      <link>http://activerain.com/blogsview/1728739/saskatoon-saskatchewan-canada-real-estate-update-for-june-2010</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1628438/saskatoon-saskatchewan-real-estate-update-for-april-2010</guid>
      <title>Saskatoon, Saskatchewan Real Estate Update for April 2010</title>
      <description>&lt;p&gt;The average selling price of a home in Saskatoon reached nearly $300,000 in April, new figures from the Saskatoon Region Association of Realtors (SRAR) show.&lt;/p&gt;
&lt;p&gt;With an average residential selling price of $299,214 -- nine per cent higher than last April's average price of $275,586 -- SRAR says 372 houses were purchased last month, up from 352 homes in April 2009.&lt;/p&gt;
&lt;p&gt;SRAR has calculated that year-to-date, the average selling price for a home in Saskatoon works out to $287,722 -- five per cent higher than the first four months of last year. The number of homes sold through April this year is 1,147, again an increase from the same period in 2009 when 1,056 homes had been sold.&lt;/p&gt;
&lt;p&gt;The number of houses on the market is also up, the association reported Monday, with 1,258 Saskatoon homes available to purchase at the end of April. Local Realtors saw a 13 per cent rise in listings last month, growing to 784 properties from 693 last year.&lt;/p&gt;
&lt;p&gt;While all housing statistics in the city rose in April, communities surrounding Saskatoon saw mixed results, SRAR reported.&lt;/p&gt;
&lt;p&gt;Unit sales outside of the city rose 39 per cent to 115 properties compared to April 2009. At the same time, the average selling price of these homes dropped 10 per cent last month to $233,792 from $260,956.&lt;/p&gt;
&lt;p&gt;The drop in price, the association explained, indicates more properties selling in the lower- to mid-price range in outlying communities.&lt;/p&gt;
&lt;p&gt;Still, the association says the real estate market both in and outside of the city is expected to stay stable through the remainder of the second quarter. A balanced market with sufficient inventory available for buyers along with high consumer confidence and steady interest rates are creating a vibrant market, SRAR said.&lt;/p&gt;
&lt;p&gt;Including the $111.3 million worth of residential real estate sold in April, local Realtors have sold more than $330 million in homes so far this year -- a figure up 14 per cent from 2009.&lt;/p&gt;
&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for current listings in Saskatoon.&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Tue, 04 May 2010 10:18:41 -0700</pubDate>
      <link>http://activerain.com/blogsview/1628438/saskatoon-saskatchewan-real-estate-update-for-april-2010</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1579610/saskatoon-market-update-for-march-2010</guid>
      <title>Saskatoon Market update for March 2010</title>
      <description>&lt;p&gt;
&lt;/p&gt;&lt;p&gt;&lt;strong&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg; Inc&lt;/p&gt;
&lt;p&gt;&amp;nbsp;&lt;/p&gt;
&lt;/strong&gt;&lt;strong&gt;Residential Resale Market Maintains Momentum &lt;/strong&gt;&lt;/p&gt;

&lt;p&gt;
&lt;/p&gt;&lt;p&gt;Saskatoon's real estate market maintained its momentum throughout the first quarter. Unit sales were up 28% from March 2009 with 361 homes being sold as compared to March 2009 when 282 units were sold. Year to date 775 properties have exchanged hands that number up 10% from 2009 when 704 properties exchanged hands. The average days on market has dropped to 30 days with some areas having as low as 22 days to sell on average.&lt;/p&gt;
&lt;p&gt;The average residential selling price in March was $282,615.00 up 6% from March 2009 when the average selling price was $266,620.00. The average selling price year to date is $282,270.00 up 3% from 2009 when the average price was $274,555.00. The highest number of sales year to date has taken place in the $300 to 350,000.00 price range.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;Listing inventory remained steady with home buyers having 1045 properties to select from at the end of March. REALTORS&amp;reg; listed 738 homes in March up 11% from 2009 when 662 were placed on the market for sale.&lt;/p&gt;
&lt;p&gt;In areas surrounding Saskatoon e.g. Martensville, Warman etc unit sales were up 49% with 97 properties selling as compared to March 2009 when 65 properties were sold. Year to date 168 properties have sold in these areas that number up 22% from 2009 when 138 properties had sold. The average selling price in these areas was $260,054.00 up 16% from March 2009 when the average was $224,328.00.&lt;/p&gt;
&lt;p&gt;The Saskatoon and area market is steady and is expected to remain steady throughout spring and summer. Slightly higher interest rates may affect some first time buyers who typically are close to the line when qualifying for financing to purchase a home. Conditions in Saskatoon are very favourable for strong real estate sales and development.&lt;/p&gt;
&lt;p&gt;City lot sales for 2010 have already exceeded the City Land Branch goals and expectations. Saskatoon leads the nation in population growth and job creation. Many businesses regularly express interest in relocating to this city and in-migration in general is becoming more common place. Even at the Olympics people stood in line for 2 hours to get into the Saskatchewan pavilion. All indicators point to 2010 remaining a solid market environment in Saskatoon.&lt;/p&gt;
&lt;p&gt;Harry H. Janzen, CAE&lt;/p&gt;
&lt;p&gt;Executive Officer&lt;/p&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg;&lt;/p&gt;

&lt;p&gt;1149-8th Street East, Saskatoon, Sk S7H 0S3 TEL: (306) 244-4453 FAX: (306) 343-1420 www.srar.ca info@srar.ca Mission: "To Support our Members Professional Success, Career Development and Quality of Life"&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTORS&amp;reg;) and/or the quality of services they provide (MLS&amp;reg;). Used under license &lt;/strong&gt;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Fri, 02 Apr 2010 11:41:16 -0700</pubDate>
      <link>http://activerain.com/blogsview/1579610/saskatoon-market-update-for-march-2010</link>
    </item>
    <item>
      <guid>http://activerain.com/blogsview/1524794/saskatoon-sales-stats-from-saskatoon-region-association-of-realtors-inc-for-february</guid>
      <title>Saskatoon Sales Stats from Saskatoon Region Association of REALTORS inc. for February</title>
      <description>&lt;p&gt;
&lt;/p&gt;&lt;p&gt;&lt;strong&gt;&lt;span style="text-decoration: underline;"&gt;Residential Home Sales Brisk in February &lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;

&lt;p&gt;
&lt;/p&gt;&lt;p&gt;Warmer weather and possibly the Olympic spirit brought numerous home buyers out in the month of February. 236 homes were purchased in February that number up 12% from February 2009 when 219 homes were purchased. The average selling price was $291,056.00 that number up 4% from February 2009 when the average was $280,784.00. The average number of days to sell a property in February was 34 days indicating a steady active market environment.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;REALTORS&amp;reg; listed 464 residential properties in February that number down 18% from last year at this time verifying continued inventory correction. Year to date listing numbers are down approximately 20%. Home buyers had 866 home to select from at the end of the month.&lt;/p&gt;
&lt;p&gt;Residential sales activity in communities around Saskatoon was down slightly from 2009. 38 homes were purchased in February as compared to 44 being purchased in February 2009. The average selling price was up 3% at $265,011.00. Year to date 307 properties have been listed in these areas around Saskatoon, this number represents a 7% decline from 2009.&lt;/p&gt;
&lt;p&gt;Consumer confidence is certainly being verified by the number of home buyer inquires, open house attendance and increased daily REALTOR&amp;reg; website hits. Interest rates are favorable; there is a reasonable inventory level in both new and existing homes, all necessary components for a healthy market place. Activity is expected to increase as we approach the spring market.&lt;/p&gt;
 &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Wed, 03 Mar 2010 09:19:14 -0800</pubDate>
      <link>http://activerain.com/blogsview/1524794/saskatoon-sales-stats-from-saskatoon-region-association-of-realtors-inc-for-february</link>
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      <guid>http://activerain.com/blogsview/1496229/is-the-canadian-housing-market-too-hot-</guid>
      <title>Is the Canadian housing market too hot?</title>
      <description>&lt;p&gt;&lt;cite&gt;By CBC News, cbc.ca, &lt;/cite&gt;Updated: February 16, 2010 9:25 AM&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Flaherty moves to toughen mortgage rules&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;img src="http://blstb.msn.com/i/A1/3234439640B1C39439969C3EFE47F.jpg" height="109" alt="Flaherty moves to toughen mortgage rules" width="194"&gt;&lt;/p&gt;
&lt;p&gt;Finance Minister Jim Flaherty announced new rules Tuesday aimed at preventing homebuyers from getting into financial difficulty when mortgage rates rise.&lt;/p&gt;
&lt;p&gt;After consulting with major Canadian lenders, Flaherty outlined the latest weapons at Ottawa's disposal aimed at removing some of the speculative froth in the housing market.&lt;/p&gt;
&lt;p&gt;"There is no evidence of a housing bubble, but we're taking prudent steps today to prevent one," he said at a news conference in Ottawa.&lt;/p&gt;
&lt;p&gt;Broadly speaking, the plan unveiled has three components.&lt;/p&gt;
&lt;p&gt;First, Ottawa will require that all borrowers meet the standards for a five-year fixed-rate mortgage, even if they choose a variable mortgage with a lower rate or a shorter term.&lt;/p&gt;
&lt;p&gt;"This will guard against higher rates in the future," Flaherty said.&lt;/p&gt;
&lt;p&gt;Second, the proposed rules would lower the maximum Canadians can withdraw when refinancing their mortgages to 90 per cent of the value of their home, from 95 per cent.&lt;/p&gt;
&lt;p&gt;And finally, Ottawa will now require a minimum 20 per cent down payment to qualify for &lt;a href="http://www.bing.com/search?form=NWESCH&amp;amp;q=CMHC&amp;amp;mkt=en-CA&amp;amp;adlt=strict" target="_blank"&gt;CMHC&lt;/a&gt; insurance for non-owner-occupied properties purchased as an investment.&lt;/p&gt;
&lt;p&gt;The last rule is aimed at reining in would-be real estate speculators who own multiple properties beyond their primary residence.&lt;/p&gt;
&lt;p&gt;"We want to discourage the tendency some people have to use a home as an ATM, or buy three or four condos on speculation," Flaherty said.&lt;/p&gt;
&lt;p&gt;Minimum down payment unchanged&lt;/p&gt;
&lt;p&gt;There had been speculation the Department of Finance might implement legislation raising the minimum down payment from five to 10 per cent of a home's value, or reduce the maximum amortization period from 35 years to 30 years.&lt;/p&gt;
&lt;p&gt;Those measures were not part of Flaherty's announcement on Tuesday, but all options are still on the table should circumstances change, Flaherty said.&lt;/p&gt;
&lt;p&gt;The new rules are not likely to revolutionize the industry. Indeed, a number of large Canadian lenders already practise the first peg of Flaherty's plan; after Tuesday's announcement, Bank of Montreal noted that it requires its high ratio borrowers to be able to qualify using the five-year rate.&lt;/p&gt;
&lt;p&gt;"While we do not believe that Canada faces a housing bubble, we fully support the minister's actions," the bank said in a release. "Given the prospect of higher interest rates and the recent run-up in housing prices in some markets across Canada, the measures announced today are prudent."&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Tue, 16 Feb 2010 09:17:01 -0800</pubDate>
      <link>http://activerain.com/blogsview/1496229/is-the-canadian-housing-market-too-hot-</link>
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      <guid>http://activerain.com/blogsview/1477596/srar-releases-january-stats-for-saskatoon-saskatchewan</guid>
      <title>SRAR Releases January Stats for Saskatoon, Saskatchewan</title>
      <description>&lt;p&gt;&amp;nbsp;This is the January 2010 update for Saskatoon, Saskatchewan, Canada. We are in the middle of the prairies but moving along nicely from 2009 thru 2010&lt;/p&gt;
&lt;p&gt;Check out my website at &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for more info or assistance in this market.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;&lt;span style="text-decoration: underline;"&gt;January Home Sale Numbers Soften Slightly From January 2009 &lt;/span&gt;&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Saskatoon REALTORS&amp;reg; assisted 179 homebuyers with the purchase of a home. This number was down 16% from January 2009 when 212 homes exchanged hands. The average residential selling price was $270,191.00 down 3% from January 2009 having an average residential selling price of $ 278,939.00. The average selling price declined slightly due to the increased number of sales in the $ 250,000.00 to $275,000.00 price range. This price range had the highest number of unit sales in January.&lt;/p&gt;
&lt;p&gt;The average residential price is derived by taking the month's dollar volume of homes sold and dividing that number by the unit sales number. The percentage of change should not be used unilaterally as prices vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR&amp;reg; member to do a comparative market analysis.&lt;/p&gt;
&lt;p&gt;Inventory levels continued to correct in the month of January with fewer listings being taken. REALTORS&amp;reg; listed 394 residential properties this number down 23% from January 2009 when 512 properties were listed for sale. Homebuyers had 736 homes to select from at the end of January as compared to January 2009 when 1156 homes were available for sale. January's number is up slightly from December 2009 when 703 properties were available for purchase.&lt;/p&gt;
&lt;p&gt;The residential dollar volume of $48,364,000.00 was down 18% due to lower sales numbers and increased activity in the mid price range of homes. Dollar volume is expected to increase significantly as the year 2010 progresses.&lt;/p&gt;
&lt;p&gt;The real estate market in areas surrounding Saskatoon was very active. Unit sales were up 17% in January with 34 units selling as compared to 29 units selling in January 2009. The average selling price was $214,976.00 up 5% from January 2009 when the average selling price was $204,166.00. January dollar volume was $7,309,200.00 up 23% from January 2009.&lt;/p&gt;
&lt;p&gt;The real estate market is expected to remain steady for the first quarter of this year. Days to sell in January were 38 days on average within the city limits and 59 days to sell being the average in areas surrounding the City of Saskatoon. Consumer confidence remains high, interest rates are low, all contributing to a healthy real estate market.&lt;/p&gt;
&lt;p&gt;Harry H. Janzen, CAE&lt;/p&gt;
&lt;p&gt;Executive Officer&lt;/p&gt;
&lt;p&gt;Saskatoon Region Association of REALTORS&amp;reg;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Sat, 06 Feb 2010 09:36:15 -0800</pubDate>
      <link>http://activerain.com/blogsview/1477596/srar-releases-january-stats-for-saskatoon-saskatchewan</link>
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      <guid>http://activerain.com/blogsview/115556/thanks-for-the-invite</guid>
      <title>Thanks for the invite</title>
      <description>&lt;p&gt;Great to be invited to join. Thanks! I'm in Saskatoon Saskatchewan and quite busy as you have probably heard. Its like a gold rush with buyers from all over Canada realizing that we have it very good in our little part of the world. Prices have been well below the national average for years and we just plug along with 7-10% increases a year.&lt;/p&gt;&lt;p&gt;Well, this year everything has broken out...and we are seeing 10 % increases each month. Sales and prices have almost doubled in this market and we see no end. &lt;/p&gt;&lt;p&gt;Everyone thinks that Realtors are enjoying this but don't understand that we have to show each client lots more homes, place a number of offers (which don't get accepted) and then show the client more homes. We are working our behinds off for the same money we made last year. &lt;/p&gt;&lt;p&gt;Sure wish someone in the media would just give us a break and point out that its not the Realtors getting rich...its the sellers.&lt;/p&gt;&lt;p&gt;Anyway, just blowing off a little steam....wish everyone could have as many buyers are we are getting. &lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;Thanks again for the invite,&lt;/p&gt;&lt;p&gt;wish you all well&lt;/p&gt;&lt;p&gt;John Pearce&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Mon, 04 Jun 2007 18:11:59 -0700</pubDate>
      <link>http://activerain.com/blogsview/115556/thanks-for-the-invite</link>
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      <guid>http://activerain.com/blogsview/47969/-30-degrees-in-a-hot-market</guid>
      <title>-30 degrees in a hot market</title>
      <description>&lt;p&gt;Well, you may think we are wierd but we still work in the cold around here.&lt;/p&gt;&lt;p&gt;Our temperature in Saskatoon has been cold for what seems like weeks now. When I say cold, I mean cold. I am a runner and on the last two or three weekends I have started out on Saturday morning at 6:30am and it has been so cold that even my eyelashes are freezing up. Wearing a baclava over my face still does not protect it enough and I feel the skin on my cheeks freezing for miles. I run about 80 - 90 min. and don't find many people on the riverbank running. Usually there are groups that number in the 10 - 25 groups. But in this wheather it's like a marathon by myself.&lt;/p&gt;&lt;p&gt;Anyway, thats enough about my running.....this is a Real Estate Blog.&lt;/p&gt;&lt;p&gt;I was about to say that Saskatoon is experiencing a boom. Saska BOOM! is more like it. I have a huge problem and wonder if anyone could share their experience and some helpful thoughts for me.&lt;/p&gt;&lt;p&gt;I have over 60 (sixty) active clients looking to buy a house in Saskatoon. The other day I wrote 5 offers, each above asking price. I was not sucessful with even one. My buyers are becoming frustrated at the lack of houses to show, and when we do get in to see a place there is always a large stack of other Realtors cards in the place. (we are required to leave one if we are in a house with a client). &lt;/p&gt;&lt;p&gt;The same day a house comes on the market is the day that we get in ...but we end up with the seller giving us a time to submitt an offer and they look at them all at once. &lt;/p&gt;&lt;p&gt;This is a very good idea if you are selling, don't get me wrong. I am not complaining. I am just wondering if anyone has been able to sucessfully write offers in a market like this or how can you build up a clients understanding that it's like the gold rush in Saskatoon housing. Buyers are placing offers without even looking at houses. I had one house come up last week were I had three client place&amp;nbsp;offers on it. &lt;/p&gt;&lt;p&gt;I am becoming better at getting my client in the day that a house lists, just wondering how to&amp;nbsp;get an offer accepted in a market like this without paying well over what is really a&amp;nbsp;realistic price.&lt;/p&gt;&lt;p&gt;I read on Active rain that one Realtor sent a picture of his buying client and a breif reason why they would be the best to take care of the new home. That worked and I will use that this week myself.&lt;/p&gt;&lt;p&gt;Any thought that could help would be appreciated. I'm looking for advice..&amp;nbsp;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Wed, 21 Feb 2007 08:11:11 -0800</pubDate>
      <link>http://activerain.com/blogsview/47969/-30-degrees-in-a-hot-market</link>
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      <guid>http://activerain.com/blogsview/23560/winter-showings</guid>
      <title>Winter Showings</title>
      <description>&lt;p&gt;Here is what it is like to show a home in the snow. Believe it or not...there are some of us on the west coast (Vancouver) that are showing in the snow as well as here in the prairies. &lt;/p&gt;&lt;p&gt;I get the call from prospective buyers. I do my best to confirm that they are qualified and have been to a bank already. I make sure that they know what they are looking for and that this is similar to their requirements. &lt;/p&gt;&lt;p&gt;Then the fun begins. I run out of my house to the -15 to -25 Degree Celcius temp to the car. If I can get the doors open then I get on the rock hard frozen car seat and turn the motor on. You would be surprized how cold you can get from sitting on a frozen car seat! I turn the defroster on full blast and run back into the house to warm myself up. Get a coffee, read email and wait forthe engine, heater, vents and defroster to do its work. &lt;/p&gt;&lt;p&gt;Sometimes I have to brush the inches of snow off the car and then scrap the frozen ice off the windshield.&lt;/p&gt;&lt;p&gt;After 10 - 15 min. I get to run back out to check that things have defrosted enough to see out the front windsheild.&amp;nbsp;And then I'm on my way. Staying in the rutts that are on the road and trying not to slide thru the stop signs I drive to the property. &lt;/p&gt;&lt;p&gt;Of course the property is wind swept with snow banks everywere, so snow gets in my socks, freezes me and my feet get&amp;nbsp;cold and wet. Then after trudging thru the frozen tundra I fiddle with the frozen lock box. Jst imagine trying to crack open a 4 X&amp;nbsp;8in ice cube. &lt;/p&gt;&lt;p&gt;If the front door was not warped because of the cold then I usually get into the house and off with the shoes,&amp;nbsp;coat and gloves. I wander around and get the lights turned on, view the important parts of the house and look in the&amp;nbsp;basement for water leaking in from the frozen cement.&lt;/p&gt;&lt;p&gt;When I see the lights of the buyers car turn into the drive, I open the door and find that they are just as excited about viewing&amp;nbsp;in the cold as I am. We get to start off the relationship with something in common, right off the bat. Common trauma that binds us all together in Cooooooold Saskatoon. The winter house hunting. One of the great white north hunting&amp;nbsp;experiences that you folk in the south never get to experience. Its what makes us feared above all other realtors. We put our lives out there for each of our clients and they know it. It kind of binds us together right from the start, who would even consider using another realtor after you have just risked your life to show a house to them?&lt;/p&gt;&lt;p&gt;&amp;nbsp;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Thu, 30 Nov 2006 22:07:20 -0800</pubDate>
      <link>http://activerain.com/blogsview/23560/winter-showings</link>
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      <guid>http://activerain.com/blogsview/21123/new-member</guid>
      <title>New member</title>
      <description>&lt;p&gt;Hello, my name is John Pearce. From Saskatoon, Saskatchewan. I have&amp;nbsp;just stumbled upon this blogging community. I am hoping that not only can I put into the community but hoping that I may also obtain a benefit from joining a select group of Realtors that will send business my way.&lt;/p&gt;&lt;p&gt;I don't get an opportunity to send referrals very often since Saskatoon is where everyone is hoping to move to, but should I find any past client that want assistance moving elsewhere I will definitely search through this area first to find one of our members that could help.&lt;/p&gt;&lt;p&gt;I am one of the few in Saskatoon that has time for individuals needs and work hard for each listing and&amp;nbsp;each buyer that I&amp;nbsp;find.&lt;/p&gt;&lt;p&gt;Eventually I will include testimonials from past client to validate the comments.....&lt;/p&gt;&lt;p&gt;Anyway, it's great to be a part of this, hope to hear from any interest parties or anyone with comments or suggestions.&lt;/p&gt;&lt;p&gt;John Pearce&amp;nbsp;&lt;/p&gt; &lt;div class="agent_signature"&gt;&lt;p&gt;Check out &lt;a href="http://www.saskatoon4sale.com"&gt;www.saskatoon4sale.com&lt;/a&gt; for additional info and listings in Saskatoon, Saskatchewan, Canada or call&amp;nbsp;John Pearce direct at (306) 880-0946&lt;/p&gt;&lt;/div&gt;</description>
      <dc:creator>John Pearce (Royal Lepage Saskatoon Real Estate)</dc:creator>
      <pubDate>Fri, 17 Nov 2006 09:09:32 -0800</pubDate>
      <link>http://activerain.com/blogsview/21123/new-member</link>
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