Fri, 03 Mar
The 2017 residential market got off to a reasonably good start when compared with 2016 and 2015, but was below long term averages based on sales and other indicators reported through the Regina and area MLS System, said the Association of Regina REALTORS Inc.
There were 168 sales reported during the month in all geographic areas, up 16% from 2016 when 145 sales were reported. The number of sales was below both the immediate past five-year average of 180 and the ten-year average of 194 for the month. There were 141 sales reported in the city, an increase of 15% from 2016 when 123 sales occurred.
For January, the MLS Home Price Index (HPI). a much more accurate measure of housing price trends than average or median price, reported a composite residential price of $291,400 and the index of 272 in the city, up 3.8% from $280,800 one year ago. This indicates that residential property values have risen slightly in Regina over the past year. The HPI measures residential price trends based on four benchmark home types, with the index set at a base of 100 for January 2005.
The average sales price in all market areas for the month was $297,532, down 4% from $309,242 recorded in 2016. The average in the city was $289,111, also down 5% from last year’s $304,488.
Mon, 09 Jan
Careful staging of a home helps sell it quickly. Pack away all the clutter, excess accessories and personal items, as you want the buyer to picture their furniture and furnishing in the rooms. Clearing things out also makes rooms and surfaces appear bigger. Pack up bathroom decor and purchase a few new bath accessories. Now the countertop looks huge!
Mon, 02 Jan
Housing starts in the Regina Census Metropolitan Area (CMA) were trending at 1,875 units in November compared to 1,885 in October, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the Monthly Seasonally adjusted annual rates(SAAR) of total housing starts.
Thu, 13 Oct
Based on activity reported through the Regina and area MLS system residential sales in September were down slightly from last year but in line with historical levels for the month, said the Association Of Regina Realtors Inc.
Wed, 21 Sep
Housing starts in the Regina Census Metropolitan Area ( CMA ) were trending at 1,719 units in August compared to 1,460 in July, according to Canada Mortgage and Housing Corporation ( CMHC ). The trend is a six month moving average of the monthly seasonally adjusted annual rates(SAAR) of total housing starts.
Wed, 07 Sep
In July, 2016, we have seen a total value of 251 listings sold which has resulted in a 14.04% decrease from July, 2015 in which 292 listings were sold; we have seen a year to date value of 1741 in 2016 and 1705 in 2015 resulting in a 2.11% decrease.
The median sales price in July, 2016 was $310K, 1.89% higher from this month of the prior year with a median sales price of $304K. We have seen a year to date median sales price of $309K in 2016 and $305 in 2015 resulting in a 1.28% increase from 2015.
Wed, 07 Sep
Based on activity through Regina and area MLS system, residential sales in August are at record levels and up substantially over 2015. Despite the number of new listings being up for August over last year as well, buyers still have less inventory to choose from said the Association of Regina Realtors.
Fri, 04 Mar
As the weather heats up so does the real estate market. The $300,000 to $400,000 price range is still high in demand. If your considering selling or buying call me today.
Mon, 22 Feb
Canadian home sales rebound in January
According to statistics released today by The Canadian Real Estate Association ( CREA ), national home sales rebounded in January 2016 compared to the previous month.
– National home sales edged up by 0.5% from December to January.
– Actual ( not seasonally adjusted/ activity was up 8% compared to January 2015.
– The number of newly listed homes retreated by 4.9% from December to January.
– The Canadian housing market has tightened but remains balanced overall.
– The MLS home price index (HPI) rose 7.7% year-over-year in January.
– The national average sale price rose 17% on a year-over-year basis in January; however, excluding British Columbia and Ontario, it edged down 0.3%.
Wed, 10 Feb
Optimism is in the air as we turn to face a new calendar year. As far as residential real estate goes, there is plenty to feel positive about. Buying and selling activity continued through the final months of 2015, and there’s little reason to believe that trend will slow down during the first month of 2016. If anything, the past few years have indicated a tendency for listings and sales to increase in January. In the Regina region, for the week ending January 2 :New Listings decreased 33.3% to 20 : Firm Sales decreased 40.0% to 15 :Inventory decreased 1.5% to 1,716.