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JUNE 2020 YQR Real Estate Market Update:


As the province continues to re-open, the real estate sector is experiencing a strong recovery!


Year-over-year sales across the province were up close to 50% from June of last year and down only slightly year-to-date, signalling that we’ve nearly recovered all of the sales lost during the COVID lockdown.


New listings were up almost 8% over June last year and the median home price was up almost 2%. 

Total inventory is down indicating that people are eager to buy now and make up for lost time due to the pandemic, which are seeing personally in our business for sure!


Average Days on Market in June was 58, down from 66 days in May.


From our SRA Media Release regarding June 2020 Market Activity:

“This recovery was expected as physical distancing restrictions were loosened and as people’s confidence began to return. With the economy getting back to “normal”, people are getting excited to buy homes.

 “We’ve seen properties in some markets sell within days of being listed,” said SRA CEO Jason Yochim. “And we’ve even seen bidding wars start to break out”, suggesting that people are quite motivated to buy and may be willing to pay more than full listing price. “


This could help to further fuel Saskatchewan’s recovery as people feel encouraged to list their properties as activity increases and home prices rise.


Check out the full July 2020 SRA Media Release here!


If you have questions about buying or selling real estate in Regina, or the market in general,feel free to reach out to us. We're here to help!


Email: Info@W2RealtyTeam.com



Happy House Hunting! 


~  Karin & Jen


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There are a lot of moving parts in the purchase of a home and assembling a good team that you are happy working with is really important!  Of course finding an agent to work with to help you find that home is the first thing you may think about but the “team” also consists of a Mortgage Broker, Home inspector and a real estate Lawyer.  We can help guide you through that process and refer you to great qualified people in those industries as well, and we will talk about that in Part II of this blog. 


So first, choosing your real estate agent!  The whole point of working with a real estate agent is to have a knowledgeable professional represent your interests throughout the home-buying process, from identifying possible homes to closing the deal. So you want to find an agent who has your priorities and best interests at heart.




What things should you consider when you are choosing your agent? 

  • Compatibility: Is the agent someone you would enjoy working with? You’re not looking for a new best friend, but you’ll spend a lot of time with your agent as you view homes, discuss strategy, fill out paperwork, and the myriad of other activities involved in finding & buying the right …or “right for now” home.
  • Understanding: It’s important that your agent “gets” what you’re looking for in a home. Otherwise, you’ll both waste your time looking at properties that aren’t a good fit for you…that being said it usually takes looking at a few homes to narrow down your preferences and really get a feel for what you are liking…or not!
  • Availability: Look for an agent who’ll work with your schedule. You don’t want to find yourself missing opportunities because you can never find a common time to meet. That is one of the benefits we offer as a team….sometimes you get both of us but if one isn’t available the other one is.  We like to say you get 2 for 1 when you choose the W2 team!
  • Trustworthiness: Your agent has what we call a “fiduciary duty” to you; that means your relationship is based on trust and confidence. You need to work with someone you trust to deal with you fairly, to keep your confidential information….well confidential. And to represent you with both honesty and integrity...that should go without saying.

We would also add to this list that you should feel that your agent will work well in communicating with both the seller of a property when required and the seller’s agent through the process of negotiating a purchase on your behalf.  Having good communication skills and a positive working relationship with all parties involved will be helpful in producing a good end result! 


We thoroughly enjoy the process of working with our clients to find the perfect home and we want them to know that we are there to help no matter how long it takes or how many houses we need to see until we find the right one.   That’s what you need to feel when you choose your agent!


If you are starting the process of looking for a home or condo in the Regina area, and have questions, whether it is new or resale, we are here to help you make the right move.


Happy House Hunting!

Karin & Jen

 

Your Proven Regina Real Estate Team




 

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