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James Wruth Regina April  2023 Real Estate Market Report

Greetings Friends,

I am pleased to be able to share my 2023 April  Regina Real Estate Market Report! 


April 2023 Monthly Housing Market Trends Report

  

 

How Does This Compare to Saskatchewan Real Estate Data? 

 

Saskatchewan reported 1,216 sales in April, down 21 percent year-over-year and slightly below long-term, 10-year averages. Aligning with seasonal trends, sales and new listings increased above levels seen earlier this year. Although inventory levels experienced a 4 percent year-over-year decline and remained over 30 percent below 10-year trends, the adjustments in sales and new listings have resulted in the months of supply rising to nearly five months.

“Our market continues to struggle with supply and has since the start of the pandemic,” said Association CEO Chris Guérette. “While inventory challenges remain a concern for us, recent trends point to potential supply relief. Should these trends persist, we may see more balanced conditions play out in the market in the second half of the year.”

The provincial benchmark price reached $323,600 in April, up from $321,400 in March and slightly below prices recorded last April.

“As province-wide figures are showing signs of more balanced conditions, it’s important to keep in mind that there is variation depending on location and price range. Conditions remain exceptionally tight in lower-priced products, while more balanced conditions exist in higher price ranges,” said Guérette. “Higher lending rates have driven more purchasers to seek out lower priced options, while it is proving more difficult for existing homeowners to move up in the market.



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 James Wruth Regina March 2023 Real Estate Market Report

Greetings Friends,

I am pleased to be able to share my 2023 March Regina Real Estate Market Report! 


March 2023 Monthly Housing Market Trends Report

  

Regina march 2023  real estate report James Wruth  

How Does This Compare to Saskatchewan Data? 

There were 1,213 sales recorded across the province in March, a 20 percent year-over-year decline. Despite year-over-year sales declines, this level of sales is still stronger than pre-pandemic levels and nearly 10 percent above long-term, 10-year trends. 
 
New listings decreased by over 17 percent on a year-over-year basis and remain significantly below the 10-year average. In the first quarter of 2023, properties priced below $400,000 contributed to the most significant decline in new listings. A reduction in the number of new listings relative to sales resulted in further year-over-year declines in inventory levels, which remain over 30 percent below long-term averages.


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New property listed in Glencairn, Regina

I have listed a new property at 159 Cavendish ST in Regina. See details here

Pride in home ownership is evident in this extremely well maintained and upgraded home as the seller cared for the property for multiple decades. This attractive bungalow is warm and inviting with exceptional curb appeal. Exterior upgrades in recent years includes PVC windows throughout the entire main floor, newer vinyl siding, upgraded soffit and downspouts, newer shingles and a composite front step. The interior of the home has also received updates including an upgraded kitchen to maple cabinets with new countertops, updated flooring along with fridge and dishwasher. The main floor bathroom has a newer matching maple vanity , new toilet and updated shower surround and fixtures. Other notable improvements include a main stack to ABS and replaced sewer line to ABS. This property has a wonderful yard with no maintenance aluminium post chain link fencing with lane access providing room for a future garage if desired. The home offers 3 bedrooms up plus a bedroom in the basement, 2 bathrooms, a bright living room with a large picture window letting in tons of natural light; a good size kitchen with lots of cabinets and storage with a deep closet pantry. The basement is fully developed with a large family room/rec area and a 3 pc bathroom. Additional features include central air and central vac. A great home and a must see. Contact the sales agent to book your own private viewing today!

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The Top 5 Reasons You Should Work With An Experienced Regina Realtor


I believe that relationships are more important than transactions. I started a career in real estate in 2006 with Remax Crown Real Estate In Regina, and since that time, I have built a Regina real estate business around that philosophy. My goal is a personalized one-on-one service to fully understand you and your real estate goals and be 100% accountable to you. In my latest blog post, I provide expert real estate tips that stand the test of time. In my latest real estate tip, I share the top 5 reasons you should work with an experienced Regina Realtor.

James Wruth's Top 5 Reasons You Should Work With An Experienced Regina Real Estate Agent

Working with an experienced realtor can be beneficial in several ways:

  1. Knowledge and expertise: An experienced realtor will have a thorough understanding of the local real estate market and can provide you with valuable insights and guidance on the buying or selling process.

  2. Access to resources: An experienced realtor will have access to a network of professionals, such as home inspectors, appraisers, and lenders, that can help make the buying or selling process smoother and more efficient. 

    Only real estate agents can get your home through multiple listing services (MLS).
    One of the biggest challenges of selling a home without a real estate agent is finding the best way to distribute your home listing to potential buyers. Advertising is a pay-for-play process, so selling your home alone will require you to spend money upfront to get your listing in front of as many eyes as possible. Working with a real estate agent provides your home access to the MLS, which is generally considered the primary system all real estate agents use to search for the most up-to-date home listings. MLS listings are what most buyers look at when searching for a home.

  3. Negotiating skills: An experienced realtor will have strong negotiating skills and can help you get the best deal possible, whether buying or selling a property.

  4. Time-saving: An experienced realtor can save you time by handling the paperwork and administrative tasks involved in the real estate transaction.

  5. Peace of mind: An experienced realtor can provide peace of mind by answering your questions and addressing your concerns throughout the buying or selling process.

Working with an experienced Regina realtor can make the real estate process more efficient, less stressful, and ultimately more successful.


Partner with me; I’m a top Regina RE/MAX Agent and an experienced Regina REALTOR®. 

If you are looking for a Regina Realtor who works tirelessly on your behalf and always offers honest advice, I will be an expert at your side. I am a Trusted Regina Realtor and a top REMAX Crown Real Estate Agent.



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New property listed in Transition Area, Regina

I have listed a new property at 702 2300 Broad ST in Regina. See details here

Luxury living with a Cityscape view from nearly every room. Welcome to Centre Square Place, a prestigious downtown Condominium offering rooftop patio, fitness centre with walking track, secure heated parking, two elevators, an impressive foyer, all within walking distance to downtown, Wascana Park, coffee shops, boutiques & shopping. This home features extensive upgrades not found in standard units including custom upgraded kitchen package featuring granite tops, under cab lighting, upgraded appliances, oven plus cooktop island and larger two tier island. Additional upgrades include expanded and custom lighting package, a control 4 built in sound system for nearly every room with wall mount TV's, premium bathroom fixtures including walk in showers and corner jetted soaker tub, custom closet organizers in hallways and bedrooms and more. The highlight feature of course is the 7th floor skyline views from nearly every room. A corner unit with a east view provides for an abundance of natural sunlight. This home offers plenty of space featuring a large master bedroom with walk in closet and 5pc ensuite featuring his and her sinks, walk in tiled shower and corner jetted soaker tub. The front office has a contemporary feel and comes complete with sliding pocket doors. The large, open concept dining room/living room is great for entertaining or relaxing. The living room with its a stone fireplace surround is a cozy corner for TV or relaxation. A second bedroom and guest 3 piece bathroom, along with a laundry and storage room area completes the suite. This unit comes with 1 underground parking space. Condo fees include Common Area Maintenance, External Building Maintenance, Heat, Water, Sewer, Reserve Fund, Snow Removal, Amenities Room, Elevator, Exercise Area and Recreation Centre. Don't hesitate to call to book your own private viewing of this amazing property!

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