NEWS:
Well its an interesting start to the new year, as the Real Estate market continues to maintain its momentum right through January, and seems to show no signs of slowing down. Though the number of listings is beginning to climb, I'm still finding it difficult to locate suitable homes for my buyer clients. As of this moment, there are only 435 available properties in the city of Regina, with 65 of those being conditionally sold. I always say "wow, that's the lowest number I've seen in a while", so this time I'm just going to say that though I have seen lower just a few weeks ago, this truly is a very low number of listings. Prices are relatively stable though, and the average sale price in the month of January so far has been $290,365 with the average list price being just slightly higher at $298,187. Days on market are averagin out at 36 which is pretty standard as of late, and the total number of properties sold so far this month has been 198. Its hard to say what to expect this year, though CMHC has predicted Regina to have the highest increase in Real Estate values, so lets just assume for now that they are correct. Personally I'm hoping that we will stabilize a bit and have a more balanced market, but the lack of available properties tells me that that most likely will not happen. I guess we'll just have to wait and see what's in store! Thanks for paying attention, and I look forward to hearing from you this year. If you have any questions, feel free to email me anytime. Cheers and all the best in 2012!
Sincerely,
Martin Blonski
RE/MAX Joyce Tourney Realty
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