Tourney Group Real Estate Blog

May 2020 Market Update

 

What has been happening in the Regina and Region Real Estate Market?  Here is a brief look at what happened in April, 2020.

 

The Saskatchewan Government has deemed REALTOR®s to be an essential service.  The Tourney Group is continuing to work hard for our clients, although we are having to work a little differently.  Showing houses requires special precautions, and virtual and Facetime showings are options available to our clients.  When listing houses, special precautions are taken, and all paperwork can be signed electronically.  We are readily available by phone, text, and email, and Zoom conference calls have become a popular option.  We host virtual open houses on our Facebook page several times a week. Our main focus right now is to

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AN UPDATE FROM THE TOURNEY GROUP

We are closely monitoring the impact of the COVID-19 (coronavirus) on our local community and the real estate industry in Saskatchewan.  As of right now we are open for business and will continue to offer you the same amazing customer service and professionalism that you are used to.  However, we are following the guidelines from the Saskatchewan Real Estate Association and the Government of Saskatchewan to ensure we all stay healthy.

 

How are we Helping?


Online Search

Our website is a great tool to begin your home search.  If you see a home you like you can save it. If you have questions about any of the homes on our website send us a message and one of our agents will be in touch with you

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What has been happening in the Regina and Region Real Estate Market? Here is a brief look at what happened in February, 2020.

  In February, Regina and Region saw 446 new residential listings with 181 residential sales.  This gives us a sale to new listing ratio of 41%. Year to date we have approximately 10.1 months of inventory, with a list to sell ratio of  94.6%, and 83.3 is the average days on market.   Of the 181 sales last month, 47 homes sold under $200,000, 45 sold in the $200,000 to $299,900 price range, and 29 homes sold in the $300,000 to $350,000 price range.  There were only two homes that sold over $750,000.       In order to look at market trends over time we use a tool called the MLS® Home Price Index…
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What has been happening in the Regina Real Estate Market? Here is a brief look at what happened in January, 2020.

 

Where is the snow?

In January, Regina and Region saw 436 new residential listings with 136 residential sales.  This gives us a sale to new listing ratio of 31%. This also leaves us with 1560 active residential listings and approximately 11.5 months of inventory.  Our average days on market is hovering around 88 days.   Of the 136 sales last month, 42 homes sold under $200,000, 36 sold in the $200,000 to $299,900 price range, and 19 homes sold in the $300,000 to $350,000 price range.  There were only two homes that sold over $750,000.   In order to look at market trends over time we use a tool called the…
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What has been happening in the Regina Real Estate Market? Here is a brief look at what happened in December, 2019.

The temperatures may be cold but the Regina real estate market was HOT in December.  In the city the sales were up 38.4% from 99 sales in 2018 to 137 sales in 2019.  This is, however, down from the 5 year sales average of 221 sales per month.  In 2019 there were 2570 reported sales in Regina which is up 4.68% from 2018.

 Total new listings in the city were down 9.8% for the year.  The ratio of sales to new listings is sitting around 89% with approximately 7.8 months of inventory.  The average days on market for December 2019 was 77 day with a 70 day average for 2019.   In order to look at market trends over time we use a…
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Joyce’s Cheese Ball and Leanne’s Rum Ball recipes were such a hit last year that they have provided two more of their favourite holiday recipes for you to make and enjoy!

 

Bread and Celery Stuffing

Turkey and Stuffing go together like Peanut Butter and Jelly.  Here is Joyce’s traditional Stuffing Recipe.

  Ingredients:   5 cups of soft bread crumbs 1 cup finely diced celery 1/4 cup melted butter or margarine 1 teaspoon salt 1/8 teaspoon pepper 1 teaspoon dried parsley flakes 1 teaspoon marjoram 1/2 teaspoon poultry seasoning 1/3 cup chopped onions   Directions:   Mix all ingredients together. Once mixed you can dress the turkey. For a vegetarian option place in a casserole dish and…
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What has been happening in the Regina Real Estate Market? Here is a brief look at what happened in November, 2019.

  In the Regina and area MLS® System there were 145 reported sales which is down 21.2% from 2018.  Regina also saw 291 new listings which is down 5.8%.     The average days on market for November was 66.2 and this is down from 69.8 days.  Regina is sitting at approximately 8.8 months of inventory.         In order to look at market trends over time we use a tool called the MLS® Home Price Index (HPI) which is more effective than using average or median prices.     A mean average is the average  price obtained by dividing the total dollar volume of sales by the number of sales. In Regina there…
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Compared to many of the other capital cities across Canada’s provinces, the city of Regina is still downright affordable.

But, if you prefer the quiet of smaller suburban communities, the city of Regina may not be the right choice for you.

Luckily, the stunning Saskatchewan landscape that surrounds Regina is littered with plenty of small communities within an easy commute of the jobs and other conveniences of the city.

Here are 3 such communities located just outside of Regina that you may not have considered.

White City

Located a mere 12 kms east of Regina, White City is a fast growing town with a lot to offer homebuyers. In contrast to the city, lot sizes are a lot more generous and buyers are drawn the wide, gently winding streets,

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What has been happening in the Regina Real Estate Market? Here is a brief look at what happened in October.

 

In the Regina and area MLS® System there were 256 reported sales which is up from 255 reported sales in 2018.  In Regina the 5 year average is 274 sales and the 10 year average is 291 sales.   Regina also saw 482 new listings which is 10.2% lower than the 537 new listings in October of 2018.  As of the end of October there were 1395 active residential listings for sale in Regina. 

 

 

 

We often get asked if we are in a buyer’s market or a seller’s market.  Balanced market conditions will see the ratio of sales to new listings sit around the 40-60% range. Below 40% would be considered a buyer’s market and over 60%…
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the ultimate relocation checklist for moving to regina

Why Is Everyone Moving To Regina?

Saskatchewan's capital, Regina, is a fast-growing city with a lot to offer current and future residents.

Some of the reasons people are moving to Regina include:

Employment: Regina has a robust economy, built on a base of raw-materials and agriculture, Regina is also a centre for entertainment, culture (do Riders fans count?), and education.

Low cost of living: Move to Regina and you can expect to pay some of the lowest rent and sales tax in the country. Houses are similarly priced - fully a third to one quarter the price of what you'll pay for similar properties in Vancouver.

Regina also offers a host of incentives for students (or families with students), like the Graduate Retention Program which

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