Michael Kinar

Mobile (306) 229-6743

Email: michael@expertadvisorrealty.com

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I have listed a new property at 112 Main ST in Alvena.
AFFORDABLE HOME OWNERSHIP! This one bedroom, 620 square foot bungalow will make a great starter home and is move-in condition, with...
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I have listed a new property at 103B Norman AVE in Aberdeen.
Affordable starter home, 18 minutes from Saskatoon! Why continue paying rent? This 937 square foot, one and a half storey home...
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I have listed a new property at 205A 3rd AVE in Aberdeen.
BEST VALUE IN ABERDEEN! Great, affordable newer home, only 18 minutes from Saskatoon! This 1452 square foot two storey home was...
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I have listed a new property at 300 Barton ST in Dundurn.
HOMES LIKE THIS DON'T COME UP FOR SALE VERY OFTEN! This church was reno'd & converted into a home 12 years ago. Main floor features...
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I have listed a new property at 230 Konihowski RD in Saskatoon.
FAMILY FRIENDLY BUDGET IN SILVERSPRING! This 1000 square foot 4 level split is in move-in condition and includes 4 bedrooms...
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I have listed a new property at Butala/Benvie Acreage in Aberdeen.
QUIET, AFFORDABLE ACREAGE LIVING, 20 MINUTES FROM SASKATOON! This 1064 sq ft raised bungalow was built in 2011 and is...
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I have listed a new property at Butala/Benvie Acreage in Aberdeen.
QUIET, AFFORDABLE ACREAGE LIVING, 20 MINUTES FROM SASKATOON! This 1064 sq ft raised bungalow was built in 2011 and is...
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Year over year unit sales for the city of Saskatoon saw a 7% decline in 2016. As at December 31st, there was a total of 3,679 transactions recorded versus 3,933 in 2015. The total dollar volume for Saskatoon also indicated a 7% decline by years’ end. There was also a decline in the number of new listings in 2016 of 5% with 9,290 properties placed on the MLS system in Saskatoon last year. In other words, 38% of the homes that were listed ended up selling which is considered a firm buyers' market. This ratio is what is referred to as a sales-to-listing ratio. A 'balanced market' is when one home sells for every two listed and is considered a balanced market at a 50% sales-to-listing ratio. The market for the month of December was in balanced territory with 191 sales and 392 new listings.

 

The market surrounding Saskatoon which includes the cities of Martensville and Warman saw a year end decline in unit sales by 11% with a total of 1,010 sales by December 31. The total number of new listings for 2016 in the markets outside of Saskatoon was 3,192, a sales-to-listing ration of just under 32%. The city of Martensville saw a 10% increase in unit sales in 2016 while Warman saw a whopping 35% decrease in units sold from 2015 to 2016. Other bedroom communities surrounding Saskatoon saw very little change in units sold year over year.

 

A home in Saskatoon took an average of 51 days to sell realizing 96.7% of the asking price on average. There are buyers out there who are ready to act and are willing to pay market value.  If a seller is serious about selling their home the best thing they can do is get sound advice on pricing to the current market we are in. The result is a quicker sale for the maximum sale price. Buyers are well educated and not often fooled into overpaying.

 

The average selling price for a home in Saskatoon in 2016 was just over $350,000 which was only a decline of 1% compared to the average selling price of $354,000 in 2015. This average price was maintained by a year over year increase in the number of homes that sold over $750,000.

 

The MLS® Home Price Index® is considered to be the most accurate determinant of where a real estate market is trending. The composite benchmark value is an aggregate value of various property types and is used to compare changes in market values and trends. The composite benchmark value has been trending downward slightly since August of 2016. The composite value of $299,700 is down 1.6% from the same period in 2015 and looks to continue downward for the near future.

 

2017 is not likely to see a significant change in market conditions, however being properly informed on what those market conditions are and how to properly price is where one of our REALTOR® members is invaluable. One of the best ways to stimulate an economy is through a home sale. The average home sale in Saskatchewan generates nearly $50,000 in spin off economic activity. Multiply that by 3,700 transactions.  REALTORS® also subscribe to a strict code of ethics and are dedicated to developing professional standards and continuing education in the real estate profession.

 

SRAR Media Release January 4, 2017

 

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I have listed a new property at 1144 O AVE S in Saskatoon.
GREAT HOLIDAY PARK HOME FOR SALE! This 1126 square foot bi-level needs some finishing, but has has many recent upgrades. Main...
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The month of November saw a decline in sales activity as well as new listings coming on the market in Saskatoon and region. Total dollar volume year to date was $1.65 B, a 4% reduction from 2015 and 18%...

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I have listed a new property at 41 Main ST in Prud'Homme.
OPPORTUNITY AWAITS! The former Prud'homme Hotel is ready for an entrepreneur with vision. Features include: beverage room, kitchen,...
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I have listed a new property at 205 7th ST in Vonda.
CHARACTER LIKE THIS DOESN'T COME ALONG TOO OFTEN! This home was built in 1912 & has almost all of it's original character in tact. Main...
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I have listed a new property at 320 M AVE N in Saskatoon.
AFFORDABLE WESTMOUNT STARTER HOME! This raised bungalow is fully developed, has two bedrooms, 2 bathrooms and potential for no...
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I have listed a new property at 137 McDonald ST in Aberdeen.
Corner lot in Aberdeen's newest subdivision. Lot size 57 x 117.6. Great location, close to K-12 school, park, rec complex and...
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For many the average sale price is used to benchmark where the market is at. Year to date statistics reinforce why that is not a sound practice. As of the end of September, a total of 2,936 unit sales were...

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I have listed a new property at 112 Main ST in Alvena.
AFFORDABLE HOME OWNERSHIP! This one bedroom, 620 square foot bungalow will make a great starter home and is move-in condition, with...
Read Full Story
I have listed a new property at 210 Torran ST in Colonsay.
Affordable starter home in Colonsay... approximately 35 minutes from Saskatoon! This 755 square foot home is located on a large,...
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I have listed a new property at 3008 5th ST in Rosthern.
MUCH DESIRED T.EATON HOME! This home was built in 1907 and features most of it's original charm and character. The main floor features...
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I have listed a new property at Ambros Acreage C in Aberdeen.
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I have listed a new property at Ambros - 126 acres in Aberdeen.
OPPORTUNITY ABOUNDS! 126 acre parcel, with approximately 47 acres of agricultural land. Nice hilly/elevated area, which would...
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