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New property listed in Coronation Park, Regina

I have listed a new property at 220 RAE ST in Regina. See details here

Move in ready! Nicely renovated bungalow with great curb appeal, located on a quiet street in Regina's Coronation Park neighbourhood. Open concept main floor has nice natural light, a functional kitchen with ample storage, granite counters and access directly to the two tiered deck which has a handy outdoor kitchen (BBQ included). Laminate flooring throughout the living room, complete with a gas fireplace and built in storage. Three good sized bedrooms and nice 4 piece bath w/granite counters complete the main floor. The solid basement has a large rec room, a bedroom (window does not meet egress), den (was also used as a bedroom) and 2 piece bath. The insulated and heated double detached garage has 10' ceilings, 220V & 100 amp panel- bench and built ins included. Notable features: PVC windows, HE furnace (2011), central A/C, additional 100 amp garage panel, shingles (2017), basement floor is insulated and exterior walls have 2" foam and batt insulation. Your next home awaits!

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New property listed in Greens on Gardiner, Regina

I have listed a new property at 3414 Green Stone RD in Regina. See details here

Welcome to this fully developed, functional, well cared for, original owner family home in the heart of Regina's Greens on Gardiner. Located near St Elizabeth & Ecole Wascana Plains elementary schools, parks and is steps away from a wonderful walking path. High ceilings and tile flooring welcome you into the foyer. Laminate flooring runs throughout the living room which has a gas fireplace and built in storage on either side, dining nook overlooking the backyard and throughout the incredibly functional kitchen complete with an eat up island, granite counters, butlers prep area & walk in pantry. The insulated double attached garage provides direct access into the mudroom, which connects directly to the kitchen- perfect for unloading groceries. Up to the second level you'll find a large bonus room with vaulted ceilings, two secondary bedrooms, a 4 piece bath with tile floors and granite counters as well as a laundry area complete with storage and counter (washer brand new). The primary bedroom overlooks the gorgeous yard and features an electric fireplace, walk in closet, ensuite with dual sinks, stand alone shower, soaker tub, tile flooring and granite counters. The basement is developed with a large rec area, nook currently used as a gym area, large bedroom and another 4 piece bathroom. The stunning yard requires no lawn care maintenance as its xeriscaped with a patio, gazebo (included), deck and many trees/shrubs- truly your own private oasis. Located near many amenities such as groceries, gas, restaurants & bus routes, this is truly a desirable home.

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New property listed in Cathedral RG, Regina

I have listed a new property at 2206 Athol ST in Regina. See details here

Charming character floods this extensively renovated, gorgeous bungalow located in Regina’s Cathedral neighbourhood. The bright 3 season veranda welcomes you into this gorgeous 1436 sq 2 bed, 2 bath bungalow. Your eye is immediately drawn to the hardwood floors, detailed wood trim, stunning interior doors & 9’ ceilings throughout. Perfect for chilly evenings and cozy winter days, the gas fireplace is the focal point to the living room. The large dining room flows into the bright kitchen which provides ample cabinet space, a large eat up island w/prep sink, granite counters, all new appliances and handy access to the backyard. The primary bedroom has a walk in closet and 3 piece ensuite. Spacious main bathroom features an original, refinished claw foot tub and ample counter space. The secondary bedroom had been used as a studio and laundry room- owner will move laundry back downstairs and convert this space back to a bedroom should a Buyer choose. The basement is open for your development with a newly poured slab and is also plumbed for a bathroom. Outside, the fully fenced, mature yard has a deck, patio area with fire pit, new 22x23 garage and additional parking spaces. This home provides sought after character with notable upgrades over the last 3 years of: all new plumbing & electrical, new panel in house & garage, sewer (replaced under slab), basement slab repoured & interior weeping tile installed, double detached garage (wired for hanging gas furnace), new gas fireplace, veranda floor insulated, HE furnace heat exchanger replaced (2023), tankless water heater, kitchen cabinets & flooring, exterior of home re-painted, entire interior re-painted. Truly an excellent home, book your showing today.

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How to Set a Competitive Listing Price for Your Home

Setting a competitive listing price is crucial when selling your home. A well-calculated price attracts buyers, generates interest, and ultimately helps you secure the best possible deal. Here's how to set the right price for your home.

Understand Market Value

The market value of your home is what buyers are willing to pay in the current market. It's determined by several factors, including recent sales of comparable homes in your area, the current demand for homes, and the overall condition of your property. By setting a competitive listing price that aligns with the market value, you can maximize your chances of attracting serious buyers.

Key Considerations for Market Value:

  • Comparable Sales: Review the sale prices of similar homes in your neighborhood.

  • Property Condition: Consider how your home’s condition compares to others.

  • Market Demand: Take into account the current buyer demand in your area.

Overpricing can deter potential buyers, leading to your property staying on the market longer, which can further decrease its perceived value. Conversely, pricing too low might attract interest but could result in lower offers.

Use a Comparative Market Analysis (CMA)

A Comparative Market Analysis (CMA) is an essential tool your real estate agent will use to determine a competitive listing price. This report compares your home to similar properties that have recently sold in your area.

Benefits of a CMA:

  • Accurate Pricing: Helps set a price that is competitive with similar homes on the market.

  • Market Insights: Provides a clear picture of what buyers are willing to pay.

  • Strategic Listing: Ensures your property is priced to attract the right buyers.

By reviewing the CMA, you can confidently set a listing price that reflects the current market conditions, making your home more attractive to prospective buyers.

Consider the Impact of Timing

The timing of your listing can significantly affect its marketability. Homes typically generate the most interest when they are first listed, so it's essential to set a competitive price from the start. If your home is priced too high initially, you may miss out on this critical period, leading to a prolonged listing and potentially lower offers in the future.

Why Timing Matters:

  • First Impressions: Homes often attract the most interest in the first few weeks of listing.

  • Market Fluctuations: Real estate markets can change rapidly; pricing competitively ensures you don’t miss the peak interest.

  • Buyer Psychology: A home that lingers on the market may be perceived as overpriced or less desirable.

Make a strong initial impression by pricing your home competitively right from the start.

Monitor Market Trends

Real estate markets are dynamic, with trends that can change quickly based on economic conditions, interest rates, and local factors. Keeping an eye on these trends can help you adjust your pricing strategy as needed.

How to Monitor Trends:

  • Stay Updated: Regularly check market reports and updates.

  • Consult Your Agent: Your real estate agent can provide insights into local trends.

  • Adjust Pricing: Be prepared to adjust your price if the market shifts.

By staying informed, you can ensure that your listing price remains competitive throughout the selling process.

Get a Home Valuation Now

Curious about the current value of your home? Knowing your home's market value is the first step in setting a competitive listing price. Don’t leave it to guesswork—get an accurate, professional valuation today!

Why Get a Home Valuation?

  • Accurate Pricing: Ensure your home is priced right to attract serious buyers.

  • Market Insights: Understand where your property stands in the current market.

  • Informed Decisions: Make strategic choices about listing your home based on solid data.

Final Thoughts

Setting a competitive listing price is a strategic process that requires a deep understanding of the market, careful analysis of comparable properties, and consideration of current trends. By working closely with your real estate agent and using tools like a Comparative Market Analysis, you can price your home to attract the most interest and achieve a successful sale.

Ready to price your home competitively and attract serious buyers? Contact Jennica George today to get started! For more insights on setting the right price and selling your home, call Jennica - 306-581-1212.

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7 Reasons Why Parents Should Consider Buying a Condo Instead of Renting Near the University of Regina

Helping your child find the right student housing can be challenging. While many parents look for the best rentals for students in Regina or consider student apartments near the University of Regina, purchasing a condo might be a smarter choice. Here’s why:

1. Long-Term Investment

Instead of spending money on student apartments near the University of Regina year after year, why not invest in a property? A condo can appreciate in value, turning what would be rent into equity over time.

2. Stable Housing Costs

With rental prices rising for the best rentals for students in Regina, buying a condo allows you to lock in your housing costs. This stability can ease financial planning throughout your child’s university years.

3. Potential Rental Income

If your condo has extra rooms, you can rent them out to other students searching for safe off-campus housing near the University of Regina. This additional income can help cover mortgage payments, making the investment even more beneficial.

4. Control Over Living Conditions

Choosing safe off-campus housing near the University of Regina is a priority for any parent. By owning a condo, you have complete control over the living conditions, ensuring that your child’s home is safe and well-maintained.

5. Tax Benefits

Owning a condo near the university can come with significant tax advantages. You may be able to deduct mortgage interest and property taxes, making this option more cost-effective than renting the best rentals for students in Regina.

6. Flexibility After Graduation

Once your child graduates, you’re not stuck searching for new tenants or worrying about student apartments near the University of Regina. You can keep the condo for future students, rent it out, or sell it.

7. A Smart Financial Move

Properties Near the U of R

Investing in a condo instead of paying rent for student apartments near the University of Regina can build long-term wealth. Over time, the equity in a condo can offer a solid return on investment, far outpacing the benefits of renting.

Interested in exploring this option? View properties near the University of Regina to see what’s available.

Owning a condo could provide a safe and stable environment for your child while potentially being a sound financial investment for your family. Why settle for renting when you can secure both your child's future and your own?

Explore More Housing Options in Regina

If you're considering purchasing a property near the University of Regina, there are several options available that fit various budgets and needs. Here are some useful links to help you find the perfect home or condo:

Use My Mortgage Calculator to Understand Your Payments

Before making any real estate decisions, it's crucial to understand your potential mortgage payments. Use my mortgage calculator to estimate your monthly costs and see how different property prices and down payments affect your budget. This tool can help you plan your investment with confidence.

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July 2024 Market Update: Regina and Saskatchewan Real Estate Insights

Key Takeaways:

  • Strong Sales Growth: Regina saw a 10% year-over-year increase in sales for July 2024, marking a significant rise above the 10-year average.

  • Price Stability: Regina's benchmark price in July 2024 was $318,400, showing a steady increase compared to the previous month and year.

  • Tight Market Conditions: Inventory levels remain low, with months of supply in Regina down by over 26%, keeping market conditions competitive.


Regina Market Update

In July 2024, Regina's real estate market experienced notable growth, with sales reaching 381 units, a 10% increase compared to July 2023. This surge in sales also represents a 26% boost above the long-term, 10-year averages, reflecting the ongoing demand for housing in the region.

The benchmark price for residential properties in Regina climbed to $318,400 in July 2024, up slightly from $318,100 in June and 0.5% higher than the same period last year. Despite a modest year-over-year increase in new listings, inventory levels have decreased significantly, down by 26% compared to July 2023, which continues to put pressure on prospective buyers in the city.

Regina continues to experience tight market conditions, with just over two months of supply available. The limited inventory, combined with strong buyer demand, has maintained upward pressure on home prices. This situation is particularly evident in the more affordable segments of the market, where the lack of available homes has restrained even higher sales volumes.


Saskatchewan Market Overview

Provincially, Saskatchewan reported 1,667 sales in July 2024, a 7% increase from the previous year and significantly above the long-term average by over 20%. The ongoing strong demand for housing across the province has kept sales robust, despite the ongoing inventory challenges. New listings did see a slight increase, but this had little impact on overall inventory, which remains over 40% below the 10-year average.

Saskatchewan’s residential benchmark price stood at $344,800 in July 2024, showing steady growth from the previous month and a near 5% increase compared to July 2023. Prices are on an upward trend across all property types, driven by sustained demand and limited supply.

While the market remains challenging for buyers, especially in larger urban centers like Regina, the overall outlook for the province’s real estate market remains positive, with continued growth expected in the coming months.


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