Home | About Us | Our Members |
Our Services
|
|
|
||
|
Home | About Us | Our Members | |
|
||
|
|
|||
 |
||||
Our Services |
Market Update |
 |
||
 |
 |
 |
 |
 |
> About the MLS®
System
|
For immediate
release September 3, 2010 AUGUST MLS® SYSTEM SALES PICK UP Residential sales through the Regina and area MLS® System picked up in August while posting the highest number since May when 363 sales took place, said the Association of Regina REALTORS® Inc. For the entire MLS® System including all geographic areas, 352 sales were reported during the month, down 4% from 2009’s 367. This marked the fourth highest number of sales for the month during the past ten years and well above the period’s monthly average of 308. Inside the city there were 294 sales, a decrease of 5% from 310 sales in 2009. The monthly dollar sales volume of $89.4M was the second highest ever
recorded for the month, down less than 1% from the all-time high of $89.6M
set in 2009. Total dollar volume of sales in the city was $79.1M, up 4%
from $76.4M recorded last year and a new high. For the year-to-date there have been 2,545 residential sales on the MLS® System, down 2% from 2009’s 2,586 sales for the same period. Much of the decrease can be attributed to lower sales taking place in June and July. YTD dollar sales volume to the end of August was $661.6M, a new high and up 5% from last year’s $632.3M. The average price for the YTD was $259,961, setting a new record for the period to the end of August and an increase of 6% over the previous high set in 2009 of $244,520. Homes sold in August were on the market for an average of 36 days before selling, the same as in July of 2010. Homes sold at an average of 96.5% of asking price. For all MLS® System geographic areas there were 1,619 active residential listings on the market at the end of the month, including 941 in the city. These represent the highest number of active listings at the end of August over the last ten years. There were 519 new listings placed on the MLS® System during the month, an increase of 5% from 2009’s 496. The number of current active listings has contributed to balanced market conditions and keeping price increases in check. “With balanced market conditions continuing to prevail, buyers have a wider selection of properties to choose from and more time to make a decision to place an offer”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Sellers are advised to ensure that their listing is priced for these market conditions to attract potential buyers. Good quality homes that are priced accordingly are selling – it’s a matter of finding the right price point for this type of market”, concluded Archibald. The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. The MLS® System is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties for sale. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
For immediate
release August 4, 2010 JULY SALES COOL WITH BALANCED MARKET CONDITIONS With balanced market conditions now prevailing, Regina and area MLS® System residential sales in July took a dip from the record pace set in 2009, said the Association of Regina REALTORS® Inc. For the entire MLS® System including all geographic areas, 314 sales took place during the month, down 29% from the all-time high of 443 sales posted in 2009. Despite the decrease, this year’s sales level was the third highest recorded for July since 2000 and well above the monthly average of 298 for the same period. Inside the city there were 271 sales, a decrease of 27% from 373 sales in 2009. July marked the third consecutive month that sales were below 2009 figures. The monthly dollar sales volume of $88.5M was the second highest recorded
in any July, down 17% from the all-time high of $106.4M set in 2009. Total
dollar volume of sales in the city was $76.8M, also down 17% from $92.1M
recorded last year. For the year-to-date there have been 2,194 residential sales on the MLS® System, a decrease of 1% from 2009’s 2,219 sales. YTD dollar sales volume to the end of July was $572.5M, a new high and up 5% from last year’s $542.7M. The average price for the YTD was $260,597, also setting a new high and an increase of 7% over the previous record set in 2009 of $244,579. Homes sold in July were on the market for an average of 36 days before selling, compared to 32 in June of 2010. Homes sold at an average of 96.6% of asking price. For all MLS® System geographic areas there were 1,705 active listings on the market at the end of the first half, including 1,001 in the city, the highest level so far this year and the largest number since the summer of 2009. There were 573 new listings placed on the MLS® System during the month, a decrease of 3% from 2009’s 590 and the lowest number since February. The fall-off in the number of new listings coming on the market helped keep the number of active listings in line with recent months. “With balanced market conditions now being the norm since the late spring, buyers have more choice and are taking their time to find a property which meets their needs. This has had the effect of reducing the number of sales taking place and has contributed to the increase in the number of active listings on the market”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “With the shift to balanced conditions in recent months, sellers are well advised to ensure that their listing is priced for current market conditions. This will help attract buyers and contribute to the competitiveness of their listing. The very active sellers’ market seen earlier in the year now appears to be behind us”, concluded Archibald. The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. The MLS® System is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties for sale. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license.
Click Here to return
to Press Release Page
LISTINGS SURGE BRINGS BALANCE TO MARKET; HIGH SET FOR AVERAGE PRICE IN JUNE Due to a surge in the number of new listings taken on the MLS® System, the first half of the year has ended with balanced market conditions, said the Association of Regina REALTORS® Inc. For the entire MLS® System, including all geographic areas, 340 sales took place in June, down 12% from 385 posted in 2009. Inside the city there were 302 sales, a decrease of 10% from 335 sales in 2009. June was the second consecutive month that sales were down year-over-year although they remain above historical levels. Monthly dollar sales volume of $93.4M was the second highest recorded
in June, down 1% from the all-time high of $94.7M set in 2009. Total dollar
volume of sales in the city was $84.9M, a new high for the month and up
3% over the previous high set in 2009 of $82.5M. For the year-to-date there have been 1,883 residential properties sold, an increase of 6% over 2009’s 1,776. YTD sales dollar volume for the first half was $484.8M, a new high and up 11% from last year’s $436.3M. Average price for the YTD was $257,463, up 5% over last year’s $245,658. Homes sold in June were on the market for an average of 32 days before selling compared to 34 in May of 2010. Homes sold at an average of 97.1% of asking price. For all MLS® System geographic areas there were 1,684 active listings on the market at the end of the first half, including 998 in the city - the highest level so far this year and the largest number since June of 2009. There were 791 new listings placed on the MLS® System during the month, an increase of 17% from 2009’s 677. “Although sales and demand levels continue to be steady, the increase in active listings on the market has provided more time for buyers to make a buying decision which, in turn, has contributed to fewer sales on a year-over-year basis the last couple of months. Growth in the active inventory during the first half of the year is more pronounced in the satellite and outlying areas while supply is much tighter inside the city,” said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Going into 2010 we had some concern that there may not be sufficient supply to satisfy expected levels of demand during the year. The growth in the number of active listings has allayed these concerns and has, by in large, provided buyers with a wider choice of homes and kept significant upward pressure on prices in check.” “Looking forward and assuming that the economy will do well and job growth will continue, we are anticipating that the demand side will remain strong and steady. If the supply side continues as it is now, we expect that balanced market conditions will prevail for much of the remainder of the year,” concluded Archibald. The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. The MLS® System is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties for sale. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
For immediate
release June 6, 2010 MAY RESULTS POINT TO SHIFT TO BALANCED CONDITIONS Year-over-year residential property sales in May through the Multiple Listing Service® System of the Association of Regina REALTORS® Inc. decreased slightly from 2009 levels, said the Association. For the entire MLS® System, including all geographic areas, 363 sales took place, down 5% from 384 reported in 2009. Inside the city there were 308 sales, a decrease of 10% from 342 sales in 2009. Monthly dollar sales volume of $91.5M was the second highest recorded,
but down 10% from the all-time high of $101.4M set last year. Total dollar
volume of sales in the city was $78.8M, down 14% from 2009’s $91.3M.
For the year-to-date there have been 1,545 homes sold through the MLS® System, up 11% from 2009’s 1,391 sales. YTD sales dollar volume stood at $392.0M, the highest ever recorded for the period and up 15% over 2009’s 341.5M. Average price for the YTD was $253,723, up 3% over last year’s $245,539. Homes sold in May were on the market for an average of 34 days before selling compared to 36 in April of 2010. Homes sold at an average of 96.9% of asking price marking the first month since January that this indicator has fallen below 97.0%. For all MLS® System geographic areas there were 1,488 active listings on the market at month end, including 904 in the city - the highest level since August 2009. There were 689 new listings placed on the MLS® System during the month, an increase of 3% from 2009’s 672. “Many key market metrics from May’s results point to a further movement to balanced market conditions. Decreases in the sales to new listing ratio and percentage of selling to asking price, an increase in the number of active listings on the market and a leveling off the average sales price are all factors indicating a shift to a balanced market. We’re now in as much of a balanced market as we have been for a few years,” said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Looking forward, we expect to see demand levels remain steady provided the economy continues to perform well, create jobs and attract newcomers to the area. We do not anticipate that the recent Bank of Canada announcement to increase its interest rate nor changes to mortgage qualification rules made earlier by the federal government will have any significant impact on the local market ,” concluded Archibald. The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. The MLS® System is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties for sale. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc. Click Here to return
to Press Release Page For immediate
release May 6, 2010 APRIL MLS® SYSTEM SALES JUMP Residential property sales in April through the Multiple Listing Service® System of the Association of Regina REALTORS® Inc. have once again exceeded 2009 levels, said the Association. For the entire MLS® System including all geographic areas 387 sales were reported, an increase of 17% from 330 in 2009. Inside the city there were 332 sales, up 10% from 303 sales in 2009. The monthly dollar sales volume of $99.4M was the second highest recorded,
and was up 21% over $81.9M reported in April 2009. The all-time high of
$102.67M was set in 2008. Total dollar volume of sales in the city was
$87.6.6M, up 14% over 2009’s $76.6M. For the year-to-date there have been 1,185 homes sold, up 18% from 2009’s 1,007 sales. YTD sales dollar volume stood at $301.3M, the first time the $300M mark has been surpassed at this point in the year and an increase of 25% over 2009’s 240.2M. Average price for the YTD was $254,234, also another new high and up 7% over last year’s $238,514. Homes sold in April were on the market for an average of 36 days before selling compared to 31 in March of 2010. Homes sold at an average of 97.2% of asking price. For all MLS® System geographic areas there were 1,336 active listings on the market at month end, including 783 in the city. There were 648 new listings placed on the MLS® System during the month, a decrease of 7% from 2009’s 696. “In many ways the residential real estate market is a close barometer of what’s happening in the local economy. Sales in April have again demonstrated the continued strength of the local market and economy,” said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Demand levels continue to be strong with the number of sales occurring being above long-term historical levels. A rise in the number of new listings coming on to the MLS® System in March and April has added to supply, especially in the city, adding further balance to the market and generally keeping any significant upward pressure on prices in check,” concluded Archibald. The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. The MLS® System is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties for sale. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release April 1, 2010 MARCH SALES STEADY, STRONG Sales in March through the Multiple Listing Service® System of the Association of Regina REALTORS® Inc. surpassed 2009 levels while continuing to set new highs in many key measurement categories, said the Association. For the entire MLS® System including all geographic areas there were 350 residential sales recorded, an increase of 27% from 276 in 2009. This was the second highest number of sales ever for the month, only behind 2007 when 351 sales took place. Inside the city there were 307 sales, up 22% from 251 sales in 2009. The dollar volume of $87.8M set a new high and was up 29% over 2009’s
$68.1M. The previous high of $71.7M was set in 2008. Total dollar volume
of sales in the city was $78.6M, another new high and up 28% over 2009’s
$61.6M. For the year-to-date there have been 799 homes sold, up 18% from 2009’s 677 sales. This is the second highest ever for the quarter, only behind 2008’s 887 sales. YTD sales dollar volume stood at $202.1M, an increase of 28% over 2009’s and a new record. Average price for the YTD was $252, 895, also another new high and up 8% over last year’s $233,775. Homes sold in March were on the market for an average of 34 days before selling compared to 41 in February of 2010. Homes sold at an average of 97.2% of asking price. For the all MLS® System geographic areas there were 1,215 active listings on the market at month end, including 707 in the city. There were 701 new listings placed on the MLS® System during the month, an increase of 6% from 2009’s 664. “March was yet another solid month for the Regina and area real estate market. We continued to see strong and consistent levels of demand, with an increase in sales in all price ranges above $225,000. A jump in new listings received during the month helped bring some needed added balance to the market, although supply levels remain tight in the city as we are about to enter the busiest quarter of the year”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “A relatively strong economy, population and job growth all continue to contribute to demand in the marketplace. Providing these factors continue for the remainder of the year, we will see an active market going forward. The real question at this point is whether there will be sufficient supply to meet this demand as the year progresses, particularly in the city”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties for sale. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release March 3, 2010 FEBRUARY MLS® SALES SET NEW HIGHS Sales in February through the Multiple Listing Service® System of the Association of Regina REALTORS® Inc exceeded 2009 levels while setting new highs in some key measurement areas, said the Association. For the entire MLS® System including all geographic areas there were 267 residential sales posted, an increase of 15% from 232 in 2009. This marks the second highest number of sales ever for the month, only behind 2008 when 294 sales took place. Inside the city there were 239 residential sales, up 9% from 219 sales recorded in 2009. The dollar volume of $70.4M set a new high and was up 30% over 2009’s
$54.1M. The previous high of $60.0M was set in 2008. Total dollar volume
of sales in the city was $62.1M, up 22% over 2009’s $50.8M and also
setting a new record. For the year-to-date there have been 450 homes sold, up 12% from last year’s 401 sales. YTD sales dollar volume stood at $114.4M, an increase of 27% over 2009’s 90.2M and a new high for the period. Average price for the YTD was $254, 205, yet another new high and up 13% over last year’s $224,867. Homes sold in February were on the market for an average of 41 days before selling compared to 49 in January of 2010. Homes sold at an average of 97.7% of asking price. For the entire MLS® System including all geographic areas there were 1,049 active listings on the market at month end including 627 in the city. There were 479 new listings received during the month, a decrease of 8% from 2009’s 521. “February reflected the type of month we’ve seen for quite some time now – strong and steady levels of demand for housing”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “The upward pressure on average price, decrease in days to sell and a tightening of the ratio between the selling and asking price during the month are all indicators of the strength of demand in the marketplace. Although there was some slight increase in the number of active listings on the market, we need to keep an eye on supply going forward as it may not be sufficient to satisfy demand as we are about to enter the busy spring period – particularly in the city. This could create further added pressure on prices”, concluded Archibald The Association operates the Multiple Listing Service® System in
Regina and area, publishes ReginaRealEstateReview.com and operates The
REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release February 10, 2010 MLS® SYSTEM SALES TOP 2009 Regina and area home sales through the Regina and area Multiple Listing Service® System in January have topped 2009 levels, said the Association of Regina REALTORS® Inc. For the entire MLS® System including all geographic areas there were 183 residential sales recorded, up 8% from 169 in 2009. Inside the city there were 154 residential sales, down 3% from 158 sales posted in 2009. The dollar volume of $44.0M for all geographic was up 22% over 2009’s
$36.1M.Total dollar volume of sales in the city was $36.7M, up 9% from
$33.7M recorded in 2009. For the entire MLS® System including all geographic areas there were 980 active listings on the market at month end including 580 in the city. There were 346 new listings received during the month, a decrease of 19% from 2008’s 425. “Although not spectacular, sales in January proved to be steady and above average for the month when compared to the last ten-year period”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Starting the year off, we really need to keep our eye on a potential supply shortage. Looking ahead with the decrease in new listings in January and assuming demand remains strong, there may not be sufficient supply to fully satisfy that demand in upcoming months. This is particularly the case in the city where vast majority of home sales will take place. This has some potential for upward pressure on prices and an increase in instances of multiple offers from buyers”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
REGINA MLS® SYSTEM POSTS EXCELLENT YEAR IN 2009 The number of residential sales processed through the Regina and area Multiple Listing Service® System in 2009 resulted in the second best year on record while setting new highs in a number of key measurement categories, said the Association of Regina REALTORS® Inc. There were 3,691 residential properties sold in all geographic areas during the year, up 10% from 3,347 sales in 2008. This is the second highest number on record, only behind 4,043 sales recorded in 2007. The average sales price set a new high of $244,328, an increase of 7% from the previous high set in 2008 of $228,850. Total dollar volume of sales of $901.8M also set a new record by surpassing the previous high of $766M recorded in 2008 by 18%. Sales inside the city followed the same pattern with 3,245 sales being posted, up 15% from 2,812 in 2008 and trailing only 3,380 reported in 2007. The average annual sales price of $247,005 was the highest ever recorded, up 3% over 2008’s $239,719. The total sales volume of $801.5M eclipsed the former high set in 2008 of $674.1M by 19%. For the month of December, there were 192 sales in all geographic areas,
an increase of 11% over last year’s 173. This marked the eighth
consecutive month that sales exceeded 2008 levels. The average sales price
for the month was $241,644, setting a new high and up 8% from 2008’s
$224,308. Homes which sold in the city during December were on the market for an average of 46 days before selling, compared to 44 days in November. Homes sold at an average of 96.0% of asking price. At the end of the December inside the city there were 533 active residential listings on the MLS® System marking the lowest number of active listings at any time during the year. There were 205 new city listings received on the MLS® System during December, up 4% from 197 received last year. For the entire MLS® System including all geographic areas there were 906 active listings on the market at month end. There were 262 new listings received during the month, a decrease of 3% from 2008’s 271. “All in all, 2009 turned out to be an excellent year for the residential real estate market. After a slow start for the first four months, sales activity and demand levels really picked up to the point where we recorded the second best year ever. Population and household growth, the relative strength of the economy and historically low mortgage interest rates were all contributing factors to a strong and steady level of demand”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “At the beginning of the year there was an excess of supply on the market with the number of active listing levels near a twenty-year high. In the last eight months, through a combination of sales and a decrease in the number of new listings being received, listing levels have now gradually decreased to the point where there may not be sufficient supply on the market as we enter the new year”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release December 2, 2009 REGINA MLS® SALES ROLL CONTINUES IN NOVEMBER Residential sales through the Regina and area Multiple Listing Service® System continued to surpass 2008 levels in November while setting records in some key measurement categories, said the Association of Regina REALTORS® Inc. There were 235 residential properties sold inside the city, up 57% from 150 sales posted in 2008. For the entire MLS® System including all geographic areas there were 274 sales recorded, also up 57% from 175 in 2008. This marks the second highest number of sales ever for November, only surpassed by the record-breaking level of 282 in 2007. It also represents the seventh consecutive month that sales have exceeded 2008 levels. Total dollar volume of sales in the city of $59.1M set a new monthly high, up 72% from $34.5M recorded in 2008 and surpassing the previous high of $45.1M set in 2007 by 31%. The dollar volume of $67.4M for all geographic areas also set a new record, up 74% over 2008’s $38.7M and 37% over the previous high of $49.3M set in 2007. For the year-to-date 3,078 homes have sold in the city, up 16% from 2,653
sales recorded in 2008 and behind only 2007’s 3,199 for the same
period. YTD dollar sales volume in the city was $760.8M, a new high and
an increase of 19% from the previous record of $637.0M set in 2008. There
have been 3,502 sales recorded in all geographic areas, an increase of
10% from 2008’s 3,174 sales. YTD sales-dollar-volume of $856.2M
for all areas was up 18% from the previous record high of $727.2M set
in 2008. The average price for all geographic areas for the month was $245,753, an increase of 11% from 2008’s $220,976. For the YTD for all areas the average price was $244,482, a new high and up 7% from last year’s $229,097. Homes which sold in the city during November were on the market for an average of 39 days before selling, compared to 34 days in October. Homes sold at an average of 96.3% of asking price. Inside the city there were 646 active residential listings on the MLS® System at the end of the month marking the lowest number of active listings so far this year. There were 247 new city listings received on the MLS® System during November, down 12% from 281 received last year. For the entire MLS® System including all geographic areas there were 1,098 active listings on the market at month end. There were 316 new listings received during the month, a decrease of 9% from 2008’s 347. “The number of sales which occurred in November is an indication of the strength of the local residential market. Population growth, the relative strength of the economy and historically low mortgage interest rates are all contributing factors”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “During the month we continued to see the steady reduction in the number of active listings in the market that began earlier in the year. Sales actually exceeded the number of new listings in three of the five MLS® areas of the city during the month. This is something we haven’t seen since early 2008. The reduction in supply has the potential to lead to upward pressure in prices in the new year”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release November 6, 2009 REGINA MLS® SALES CONTINUE HOT PACE IN OCTOBER Residential sales through the Regina and area Multiple Listing Service® System continued at a torrid pace in October, said the Association of Regina REALTORS® Inc. There were 259 residential properties sold inside the city, up 26% from 205 sales posted in 2008. For the entire MLS® System including all geographic areas there were 298 sales recorded, up 31% from 228 in 2008. This marks the second highest number of sales ever for October, only surpassed by the record-breaking level of 305 in 2007. It also represents the sixth consecutive month that sales have exceeded 2008 levels. Total dollar volume of sales in the city of $64.4M set a new monthly high, up 33% from $48.4M recorded in 2008 and surpassing the previous high of $53.0M set in 2007. The dollar volume of $73.4M for all geographic areas also set a new record, up 37% over 2008’s $53.5M. For the year-to-date 2,843 homes have sold in the city, up 14% from 2,503
sales recorded in 2008 and behind only 2007’s 2,950 for the same
period. YTD dollar sales volume in the city was $701.6M, another new high
and an increase of 16% from the previous record of $602.6M set in 2008.
There have been 3,228 sales recorded in all geographic areas, an increase
of 8% from 2008’s 2,999 sales. YTD sales-dollar-volume of $788.8M
for all areas was up 15% from the previous record high of $688.5M set
in 2008. The average price for all geographic areas for the month was $246,300, an increase of 5% from 2008’s $234,792. For the YTD for all areas the average price was $244,372, a new high and up 6% from last year’s $229,571. Homes which sold in the city during October were on the market for an average of 42 days before selling, compared to 38 days in September. Homes sold at an average of 96.5% of asking price. Inside the city there were 749 active residential listings on the MLS® System at the end of the month marking the lowest number of active listings so far this year. There were 352 new listings received on the MLS® System during October, down 16% from 419 received last year. For the entire MLS® System including all geographic areas there were 1,242 active listings on the market at month end. There were 440 new listings received during the month, a decrease of 10% from 2008’s 488. “Sales in October were once again indicative of the strong market we have experienced for most of the year. A solid local economy, job and population growth are all contributing to demand for housing in the marketplace”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “This level of demand combined with a steady decline in inventory levels, particularly in the city, may lead to some upward pressure on prices in the months ahead although nothing like was experienced in 2007. We are anticipating that 2009 will now come in as the second best year for sales on record only behind 2007”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release October 5, 2009 REGINA MLS® SYSTEM SETS NEW SALES HIGHS Residential sales through the Regina and area Multiple Listing Service® System in September shattered monthly records in many key measurement categories, said the Association of Regina REALTORS® Inc. There were 292 residential properties sold inside the city, up 18% from 2008’s 248 sales. For the entire MLS® System including all geographic areas there were 343 sales posted, up 23% from 2008’s 280. This is the first time September monthly sales have surpassed the 300 mark and the highest number of sales ever for the month by exceeding the previous high of 289 recorded in 2007. It also marked the seventh consecutive month that sales have been above the 300 level – the longest such streak in the history of the MLS® System. Total dollar volume of sales in the city of $72.4M set another new monthly high, up 20% from the previous high set in 2008 of $60.6M. The dollar volume of $83.1M for all geographic areas also set a new record, up 26% over the previous high set in 2008 of $65.8M. For the year-to-date 2,586 homes have sold in the city, up 13% from 2,298
sales recorded in 2008 and behind only 2007’s 2,679 for the same
period. YTD dollar sales volume in the city was $637.6M, yet another new
high and an increase of 15% from the previous record of $554.2M set in
2008. There have been 2,932 sales recorded in all geographic areas, an
increase of 6% from 2008’s 2,771 sales. YTD sales-dollar-volume
of $715.8M for all areas was up 13% from the previous record high of $635.0M
set in 2008. The average price for all geographic areas for the month was $242,196, an increase of 3% from 2008’s $234,945. For the YTD for all areas the average price was $244,140, a new high and up 7% from last year’s $229,142. Homes which sold in the city during September were on the market for an average of 38 days before selling, a decrease from 45 days in August. Homes sold at an average of 96.4% of asking price. Inside the city there were 813 active residential listings on the MLS® System at the end of the month. This marks the lowest number of active listings so far this year. There were 360 new listings received on the MLS® System during September, down 34% from 547 received last year. For the entire MLS® System including all geographic areas there were 1,364 active listings on the market at month end. There were 459 new listings received during the month, a decrease of 28% from 2008’s 640. “September exceeded all of our expectations for sales. Demand levels continue to be very strong for this time of the year as evidenced by the record number of sales occurring during the month. The relatively strong local economy, positive consumer confidence levels, historically low mortgage rates and stabilizing prices are bringing buyers into the marketplace”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “The strong level of demand combined with a declining number of new listings and inventory of homes for sale in the city it’s possible that we could see some upward pressure on prices during the fourth quarter. We are beginning to see more listings sell at or even above list price in some instances”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For immediate
release September 2, 2009 AUGUST REGINA MLS® SYSTEM SALES JUMP Residential sales through the Regina and area Multiple Listing Service® System in August exceeded 2008 levels for the fourth consecutive month while setting new highs in some key measurement categories, said the Association of Regina REALTORS® Inc. There were 312 residential properties sold inside the city, up 46% from 2008’s 214 sales. For the entire MLS® System including all geographic areas there were 369 sales posted, up 47% from 2008’s 251. This marks the second highest number of sales for the month behind only the 397 sales recorded in 2007. Total dollar volume of sales in the city of $76.5M set a new monthly high, up 41% from 2008’s $54.3M and breaking the previous high of $61.7M set in 2007. The sales-dollar-volume of $89.8M for all geographic areas was also the highest ever recorded, up 49% over $60.1M in 2008 and passing the previous high of $70.0M set in 2007. For the year-to-date 2,294 homes have sold in the city, up 12% from 2,050
sales recorded in 2008 and behind only 2007’s 2,425 for the same
period. YTD dollar sales volume in the city was $565.3M, another new high
and an increase of 15% from the previous record of $493.6M set in 2008.
There have been 2,589 sales posted in all geographic areas, an increase
of 4% from 2008’s 2,491 sales. YTD sales-dollar-volume of $632.7M
for all areas was up 11% from the previous record high of $569.2M set
in 2008. The average price for all geographic areas for the month was $243,355, an increase of 2% from 2008’s $239,308. For the YTD for all areas the average price was $244,397, a new high and up 7% from last year’s $228,489. Homes which sold in the city during August were on the market for an average of 45 days before selling, an increase from 40 days in July. Homes sold at an average of 95.2% of asking price. Inside the city there were 892 active residential listings on the MLS® System at the end of the month. This marks the lowest number of active listings so far this year. There were 391 new listings received on the MLS® System during August, down 20% from the 490 received last year. For the entire MLS® System including all geographic areas there were 1,523 active listings on the market at month end. There were 496 new listings received during the month, a decrease of 18% from 2008’s 607. “August was yet another exceptional month for sales. There continues to be solid demand for housing and consumer confidence in a home purchase particularly in first time buyer price ranges”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “We’re now beginning to see a significant tightening up in supply inside the city. The combination of a high number of sales and decreasing number of new listings is causing a decline in the number active listings on the market. It’s now at the lowest level since December of last year. This could be a potential signal of some upward pressure on prices provided that demand levels continue to be strong”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Trademark owned or controlled by the Canadian Real Estate Association. Used under license. Association of Regina REALTORS® Inc. Click Here to return
to Press Release Page For immediate
release August 5, 2009 JULY MLS® SYSTEM SALES SHATTERS RECORDS Residential sales through the Regina and area Multiple Listing Service® System in July surpassed 2008 levels by a substantial margin while shattering records in many key measurement categories, said the Association of Regina REALTORS® Inc. There were 374 residential properties sold inside the city, up 78% from 2008’s 210 sales. For the entire MLS® System including all geographic areas there were 444 sales recorded, up 68% from 2008’s 264 and setting a new all-time monthly high. Total dollar volume of sales in the city of $92.3M also set a new monthly high, up 74% from 2008’s $53.0M and breaking the previous high of $62.1M set in 2007. The sales-dollar-volume of $106.7M for all geographic areas was also the highest ever recorded, up 64% over $65.0M in 2008 and surpassing the previous high of $74.7M posted in 2007. For the year-to-date 1,982 homes have sold in the city, up 8% from 1,836
sales recorded in 2008 and behind only 2007’s 2,084 for the same
period. YTD dollar sales volume in the city was $488.7M, another new high
and an increase of 11% from the previous one of $439.3M set in 2008. There
have been 2,220 sales posted in all geographic areas, a decrease of 1%
from 2008’s 2,240 sales. YTD sales-dollar-volume of $543.0M for
all areas was up 7% from the previous record high of $509.2M set in 2008. The average price for all geographic areas for the month was $240,235, down 3% from 2008’s $246,396. For the YTD for all areas the average price was $244,574, a new high and up 8% from last year’s $227,277. Homes which sold in the city during July were on the market for an average of 40 days before selling, down slightly from 41 days in June. Homes sold at an average of 96.5% of asking price. Inside the city there were 981 active residential listings on the MLS® at the end of the month. This marks the first time since December 2008 that active listings have fallen below the 1,000 level. There were 442 new listings received on the MLS® System during July, down 10% from the 490 received last year. For the entire MLS® System including all geographic areas there were 1,655 active listings on the market at month end. There were 590 new listings received during the month, a decrease of 2% from 2008’s 602. “July certainly was an exceptional month by setting the high for sales for the year so far. Typically this would occur in the late spring months. It’s an indication of the continuing solid level of demand for housing in this area and that our market has been buffered from national and global economic downturns by the strength of the local economy”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “We are anticipating strong demand for housing going into the late summer and believe that sales will likely surpass 2008 figures for many of the remaining months of the year. Of course, this will be dependent on the economy continuing to perform well for the rest of the year”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
For
immediate release July 6, 2009 JUNE MLS® SALES UP June marked the second consecutive month that residential sales through the Regina and area Multiple Listing Service® System exceeded 2008 levels, said the Association of Regina REALTORS® Inc. There were 337 residential properties sold inside the city during the month, up 30% from 2008’s 260 sales. For the entire MLS® System including all geographic areas there were 387 sales posted, up 24% from 2008’s 312. Total sales-dollar-volume of sales in the city of $82.6M set a new monthly high, up 27% from 2008’s $65.2M and breaking the previous high of $66.6M set in 2007. The sales-dollar-volume of $94.9M for all geographic areas was also the highest ever recorded for the month, up 27% over $74.9M in 2008 and surpassing the previous high of $79.0M recorded in 2007. For the year-to-date 1,610 homes have sold in the city, down 1% from 1,627 sales recorded in 2008. YTD dollar sales volume in the city was $396.5M, a new high and an increase of 3% from the previous one of $386.5M set in 2008. There have been 1,778 sales posted in all geographic areas, a decrease of 10% from 2008’s 1,977 sales. YTD sales-dollar-volume of $436.4M for all areas was down 2% from 2008’s record high of $444.2M. The average price of residential properties sold inside the city was $245,038, down 2% from 2008’s $250,676. The average price for the YTD was $246,271, a new high for the period and up 4% over 2008’s $237,545. The average price for all geographic areas for the month was $245,097, an increase of 2% over 2008’s 239,963. For the YTD for all areas the average price was $245,443, a new high and up 9% from last year’s $224,661. Homes which sold in the city during June were on the market for an average of 41 days before selling, up from 37 days in May. Homes sold at an average of 96.4% of asking price. Inside the city there were 1,108 active residential listings on the MLS® at the end of the month. There were 491 new listings received on the MLS® System during June, down 23% from the 639 received last year. For the entire MLS® System including all geographic areas there were 1,776 active listings on the market at month end. There were 677 new listings received during the month, a decrease of 14% from 2008’s 787. “During the first half of the year we experienced very steady and solid levels of demand for housing. This is as a result of the strength of the local economy and continued population growth which are buoying demand for housing in the Regina area. With active listings inventory levels up we are in more of balanced market not seen for years, although sellers are advised to have their property priced for these market conditions to have it sell”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Although first-half sales through the MLS® System are currently behind 2008, we are anticipating that demand will remain strong in the second half of the year with sales actually exceeding 2008 levels in many of the remaining months”, concluded Archibald The Association operates the Multiple Listing Service® System in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
For
immediate release June 1, 2009 MAY MLS® SALES BREAKS RECORDS Residential sales in May through the Regina and area Multiple Listing Service® exceeded 2008 levels for the first time while breaking records for average price and dollar volume, said the Association of Regina REALTORS® Inc. There were 344 residential properties sold inside the city during the month, up 14% from 2008’s 302 sales. For the entire MLS® including all geographic areas there were 387 sales posted, up 7% from 2008’s 363. May marks the first month in 2009 that the number of sales exceeded 2008 levels. Total sales dollar volume of sales in the city of $91.8M broke the previous high of $74.1M set in 2008 by 24%. Sales dollar volume of $101.9M for all geographic areas was also the highest recorded, breaking the previous high of $84.3M recorded last year by 21%. For the year-to-date 1,275 homes have sold in the city, down 7% from 1,367 sales in 2008. YTD dollar sales volume in the city was $314.4M, a decline of 2% from 2008’s all-time record of $321.3M. There have been 1,394 sales recorded in all geographic areas, a decrease of 16% from 2008’s 1.665 sales. YTD sales volume of $342.1M for all areas was down 7% from 2008’s record of $369.3M. The average price of residential properties sold inside the city was a record-breaking $266,743, up 9% from 2008’s $245,391. This marks first time that the city’s average price has exceeded $260,000. The average price for the YTD was $246,599, another new high and up 5% over 2008’s $235,047 for the same period. The average price for all geographic areas for the month was $263,424, a new all-time high and an increase of 13% over 2008’s 232,295. For the YTD for all areas the average price was $245,429, also a new high and up 11% from last year’s $221,794. Homes which sold in the city during May were on the market for an average of 37 days before selling, identical to the same average in April. This is the first time average days on the market has been below 40 for two consecutive months since September 2008. Homes sold at an average of 96.4% of asking price, the highest ratio so far in 2009. Inside the city there were 1,133 active residential listings on the MLS® at the end of the month. There were 504 new listings received on the MLS® during May, down 23% from the 657 received last year. For the entire MLS® including all geographic areas there were 1,730 active listings on the market at month end. There were 673 new listings received during the month, a decrease of 21% from 2008’s 850. “Once again, the numbers for the month are an indication of a vibrant local real estate market with strong demand for housing. Buyers are taking advantage of a level of supply not seen for many years which offers more choice without the extensive bidding up and competing offers that we saw at the beginning of 2008. Despite a decent number of sales taking place, sellers are still well advised to price their home for current market conditions to attract buyers”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “We are anticipating that demand will remain strong for the foreseeable future with sales exceeding 2008 levels in many of the remaining months of the year”, concluded Archibald The Association operates the Multiple Listing Service® in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page For
immediate release May 4, 2009 APRIL MLS® SALES STEADY April residential sales through the Regina and area Multiple Listing Service® were reported at steady pace with several continuing and emerging signs of vibrancy in the market, said the Association of Regina REALTORS® Inc. There were 303 residential properties sold inside the city during the month, down 12% from 2008’s 343 sales but the third highest in the past ten-year period behind only 2008 and 2007. For the entire MLS® including all geographic areas there were 331 sales reported, down 20% from 2008’s 415. Total sales dollar volume of city sales of $76.6M was the second highest ever posted for the month, trailing only the high set in 2008 of $87.6M by 13%. Sales dollar volume of $82.1M for all geographic areas was also the second highest recorded, only behind 2008’s figure of $102.6M by 20%. For the year-to-date 931 homes have sold in the city, down 13% from the all-time high of 1,065 recorded in 2008. YTD dollar sales volume in the city was $222.7M, a decline of 10% from 2008’s all-time record of $247.2M. There have been 1,008 sales recorded in all geographic areas, a decrease of 23% from 2008’s 1,302 sales. YTD sales volume of $240.3M for all areas was down 16% from 2008’s record of $285.0M. In April the average price of residential properties sold inside the city was $252,826, down 1% from 2008’s all-time high for any month in the history of the MLS of $255,330. This marks the highest monthly average price since July of 2008 and the third highest in the past year. The average price for the YTD was $239,156, a new high and up 3% over 2008’s $232,114. The average price for all geographic areas for the month was $247,907, virtually unchanged from 2008’s $247,229. For the YTD for all areas the average price was $238,416, a new high and up 9% from last year’s $218,866. Homes which sold in the city during April were on the market for an average of 37 days before selling, compared to 47 days in March. This is the first time average days on the market has dipped below 40 since September of 2008 and marks the fourth consecutive month that it has decreased. Homes sold at an average of 95.9% of asking price, the same as in March. Inside the city there were 1,135 active residential listings on the MLS® at the end of the month. There were 548 new listings received on the MLS® during April, down 2% from the 559 received last year. For the entire MLS® including all geographic areas there were 1,667 active listings on the market at month end. There were 696 new listings received during the month, a decrease of 4% from 2008’s 728. “During the month, we saw the signs of a typical busy spring market when many buyers are beginning their search for a home. Supply is continuing to be well above levels of recent years, providing buyers with a broad selection of homes to choose from and a good bargaining position. Because of this, sellers are well advised to price their home for these market conditions to attract buyers”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “Reducing average days to sell, upward pressure on price and sales above historical levels are indications of strong demand and a vibrant market unlike many others in the country”, concluded Archibald The Association operates the Multiple Listing Service® in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
For
immediate release April 1, 2009 MARCH MLS® SALES SOLID; AVERAGE PRICE UP Residential sales through the Regina and area Multiple Listing Service® in March continued to be reported at above historical levels with some upward pressure on the average price, said the Association of Regina REALTORS® Inc. There were 252 residential properties sold inside the city during the month, down 5% from 2008’s 266 sales but the fourth highest in the past ten-year period. For the entire MLS® including all geographic areas there were 277 sales reported, down 19% from 2008’s 340. Total sales dollar volume of city sales of $61.7M was the second highest ever recorded, 1% below 2008’s all-time high of $62.4M. Sales dollar volume of $68.2M for all geographic areas was also the second highest recorded, trailing only 2008’s $71.7M by 5%. For the year-to-date 629 homes have sold in the city, down 13% from the all-time high of 722 recorded in 2008. YTD dollar sales volume in the city was $146.2M, 8% behind 2008’s all-time record of $159.6M. There have been 678 sales recorded in all geographic areas, a decrease of 24% from 2008’s 887 sales. YTD sales volume of $158.4M for all areas was down 13% from 2008’s record of $182.4M. In March the average price of residential properties sold inside the city was $244,888, a new monthly high and up 4% from the previous record set last year of $234,504. The average price for the YTD was $232,385, yet another high and up 5% over 2008’s $221,085. The average price for all geographic areas for the month was $246,268, an increase of 17% from 2008’s $210,957. For the YTD for all areas the average price was $233,596, a new high and up 14% from last year’s $205,596. Homes which sold in the city during March were on the market for an average of 47 days before selling, compared to 51 days in February. Homes sold at an average of 95.9% of asking price compared to 95.8% in February. Inside the city there were 1,032 active residential listings on the MLS® at the end of the month. There were 510 new listings received on the MLS® during March, up 21% from the 423 received last year. For the entire MLS® including all geographic areas there were 1,542 active listings on the market at month end. There were 664 new listings received during the month, an increase of 24% from 2008’s 537. “Despite the active inventory of listings being double normal levels, we saw some signs of the market picking up during the month with the average number of days on market before selling showing a steady decline and the selling price as a percentage of asking tightening up. We are also beginning to see more sales taking place in less than 10 days from listing date”, said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc. “The fact that the average price of homes selling is holding is also a good indication of steady demand for housing in our market”. “Although the boom markets of 2007 and 2008 are behind us the current market is performing very well from an historical perspective. We’re also not experiencing the significant drops in sales and property values taking place in many other markets across the country. We are anticipating the traditional busy spring market to occur over the next few months”, concluded Archibald The Association operates the Multiple Listing Service® in Regina and area, publishes ReginaRealEstateReview.com and operates The REALTOR® Channel on Access Communications cable TV channel 9. For more information, contact: Association of Regina REALTORS® Inc.
Click Here to return
to Press Release Page
For
immediate release March 5, 2009
|
|||
Trademark owned or controlled by the Canadian Real Estate Association. Used under license. |
||||
