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Saskatchewan's Real Estate Market Surges in February 2024: Key Insights

Key Takeaways

  • Robust Sales Activity: Saskatchewan's real estate market saw a remarkable 17% increase in sales compared to last year, with figures soaring 24% above the decade's average.

  • Historically Low Inventory: For the eighth month in a row, sales have outpaced new listings, leading to a significant 17% drop in available properties - the lowest February inventory since 2006.

  • Price Escalation Across the Board: The province's benchmark home price climbed to $330,800, marking a substantial rise from the previous month and a near 5% increase year-over-year.

  • Regional Variations Highlighted: Areas like Swift Current-Moose Jaw and Regina-Moose Mountain reported the most significant sales jumps, while price increases were most notable in Saskatoon-Biggar and Regina-Moose Mountain regions.

  • Market Challenges Persist: With spring on the horizon, the current inventory crunch shows no signs of easing, potentially impacting future price trends.

Market Performance in Detail

Sales and Inventory Dynamics

Saskatchewan's housing market in February 2024 exhibited impressive resilience and growth. With 999 homes changing hands, the market outperformed both last year's figures and long-term averages. This trend of robust sales has been ongoing, preventing any significant addition to the housing stock. As a result, the inventory of available homes has plummeted to a level unseen since February 2006, a clear indicator of the market's strength and the heightened competition among buyers.

Chris Guérette, CEO of the Saskatchewan Real Estate Association, pointed out the continued dominance of detached home sales in driving the market's momentum. The rapid pace at which buyers are snapping up new listings is even more pronounced in the province's larger urban centers, further amplifying the inventory scarcity.

Price Movements

February witnessed a noteworthy upswing in property prices across Saskatchewan, with the provincial benchmark price escalating to $330,800, an increase from January's $319,600. This upward trajectory is reflected across various housing types, especially in the detached homes sector, which saw the most significant month-over-month price growth. Highlighting the strength of this surge, Guérette noted the remarkable rise in benchmark prices, with some areas witnessing monthly hikes surpassing $15,000.

Regional Spotlight

The real estate landscape varies considerably across Saskatchewan, with certain regions experiencing more pronounced growth. Notably, the Swift Current-Moose Jaw and Regina-Moose Mountain areas led in sales activity, while the Saskatoon-Biggar and Regina-Moose Mountain regions saw the highest price gains. In cities like Moose Jaw and Meadow Lake, prices in February 2024 were almost 10% higher than the previous year, showcasing significant market vitality.

Focus on Regina and Saskatoon

  • Regina: The capital city reported 273 property sales in February, marking a substantial increase from the year before and significantly above the ten-year average. Despite the expectation of seasonal inventory gains, the intense sales activity led to a 25% drop in available homes, with prices reaching a benchmark of $310,600.

  • Saskatoon: Saskatoon, also known as Bridge City, mirrored this trend with 309 sales, indicating a robust market performance. The city faced a notable inventory decline, while the benchmark price rose to $388,300, underscoring the continued demand for homes in the area.

Looking Ahead

As Saskatchewan heads into the traditionally busy spring market, the current inventory constraints and the resultant pricing pressures are poised to remain central themes. The real estate association remains vigilant, ready to navigate the challenges and opportunities that lie ahead in this dynamic market landscape.

Source

Saskatchewan Realtors Association

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Regina Homes For Sale With A Pool

Dreaming of a Regina home that screams luxury and coziness? Yearning for those perfect summer days in your very own backyard oasis? Your dream is about to come true with Regina homes for sale featuring stunning pools! ‍♀️

Why Choose a Home with a Pool in Regina?

Owning a home with a pool in Regina isn't just a mark of luxury; it's a lifestyle upgrade. Here's why:

  • Value Boost: A fascinating study by the National Association of Realtors revealed homes with pools are valued up to 15% higher than those without (National Association of Realtors). A pool doesn't just sparkle in the sun; it shines in the real estate market too!

  • Health Perks: Dive into fitness with your pool! Swimming is a heart-pumping exercise that's gentle on the joints. It's the fun way to stay fit, right in your backyard. According to a study by the Centers for Disease Control and Prevention (CDC), individuals who engage in regular aquatic exercise — such as swimming in a pool — can reduce their risk of chronic illnesses by up to 50%.

  • Social Hub: From laughter-filled pool parties to serene evenings by the water, your home will become everyone's favorite meetup spot. According to a survey conducted by the Association of Pool & Spa Professionals, over 75% of pool owners reported an increase in family time after installing a pool.

  • Staycation Ready: Why travel miles when you can vacation at home? A pool offers a blissful escape during Regina's warm summers. 72% of families planned to take at least one staycation, underscoring a dramatic shift in vacation trends towards more local and home-based leisure activities near or at home.

Explore Our Handpicked Listings in Regina with a Pool!

Active Listings of Regina Homes for Sale with a Pool

We've curated an exclusive selection of Regina homes for sale with pools. Whether you're after a spacious family abode or a charming bungalow, we've got your dream home waiting.

Jennica George's Insights into owning a Regina Home with a Pool

Through my years as a Realtor in Regina, I've witnessed the joy a pool brings to families. It's more than an amenity; it's a gathering spot where memories are made. I recall a family who, a year after moving into their pool home, told me how their weekend pool time had become their most treasured tradition. This story is a testament to the transformative power of owning a home with a pool.

Visuals That Speak Volumes

Infographic Alert: Check out our engaging infographic detailing the unbeatable benefits of pool home ownership. It's not just informative—it's a visual treat that captures the essence of poolside living in Regina.

Infographic illustrating the benefits of owning a home with a pool, including a 15% real estate value boost, health perks of reduced risk of chronic illnesses by 50% through swimming, over 75% increase in family time for pool owners, and the trend of 72% families opting for staycations, showcasing a pool as a valuable investment for both lifestyle and property value.


Dive Deeper Into Our Listings

Don't let your dream home slip away. Dive deeper into our listings and discover the pool home that speaks to you. For more details or to schedule a viewing, call Jennica George at 306-581-1212. With my expertise and passion, we'll navigate Regina's real estate market together to find your perfect home.

Benefits Beyond Luxury

A home with a pool in Regina is an investment in your happiness, health, and social life. It's a choice that elevates your lifestyle, making every day a potential vacation day. And with Regina's distinct climate, a pool is your personal retreat from the summer heat.

Homes For Sale with a Hot Tub

If you're also interested in the added luxury of a hot tub, we have a fantastic selection of properties that might catch your eye. While a pool offers refreshing swims and fun, a hot tub provides therapeutic relaxation and warmth, perfect for the cooler months in Regina. Browse our exclusive listings of Regina homes for sale with a hot tub to find a home that offers both indulgent relaxation and an exceptional living environment. Whether you're looking to unwind after a long day or host cozy gatherings, these homes with hot tubs cater to all your needs.

Homes with a Hot Tub

Seeking Something Different?

Our portfolio goes beyond pool homes. Explore a wider range of properties to find the one that matches your unique taste and lifestyle. From spacious family residences to cozy bungalows, let's embark on this journey to find your ideal home in Regina.

Your Lifestyle, Elevated

In Regina, a home with a pool is more than a property; it's a promise of joy, relaxation, and endless fun. Don't wait to make your dream a reality. Contact Jennica George today and step into a home that truly reflects your aspirations and lifestyle.

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Discover Homes for Sale with the Perfect Home Office

In today's fast-paced world, where the line between work and home is increasingly blurred, finding a home that caters to both your living and professional needs has never been more crucial. Are you on the hunt for a home that not only offers comfort and style but also includes a dedicated space for productivity? Look no further.

The transition to remote work has emphasized the importance of having a dedicated home office space that promotes focus and efficiency. A home office is no longer a luxury; it's a necessity for professionals aiming to maintain a healthy work-life balance. Whether you're an entrepreneur, a remote employee, or someone who thrives on personal projects, our curated list of homes for sale with the perfect home office is designed to meet your unique needs.

The Ideal Workspace: Discover Homes for Sale with the Perfect Home Office

Finding a home with a well-designed home office can transform your work-from-home experience, boosting both your productivity and job satisfaction. Imagine a workspace that transcends the basic desk and chair setup, offering an environment that fuels creativity, fosters concentration, and ensures comfort. Our carefully curated listings of homes for sale with a home office cater to a variety of preferences, from serene nooks boasting inspiring views to generously sized rooms furnished with everything you need for a productive day. Each property featuring a home office is meticulously chosen to ensure that you can discover a space that aligns with your personal style and meets your professional needs. With homes for sale with a home office in our listings, finding that ideal blend of functionality and inspiration in your workspace has never been easier.

Take Action: View Active Listings Now With Homes Offices

Ready to take the first step towards your ideal work-from-home setup? Click the button below to browse through active listings of properties featuring dedicated home offices. Your dream home office awaits, providing you with the perfect blend of comfort, style, and functionality.

View Homes for Sale with a Home Office

Don't miss this opportunity to enhance your work-from-home experience. For personalized assistance or to schedule a viewing, call Jennica George with Remax at 306-581-1212. Jennica's expertise in finding homes with the ideal workspace will make your search effortless and successful.

In the era of remote work, having a dedicated space to focus and achieve your professional goals is invaluable. Let us help you find a home where you can live comfortably and work efficiently. Your perfect home office is just a call or click away.

Looking for More Options?

If you're craving more variety or haven't found your dream home office setup yet, we've got you covered. Explore a wider range of properties by clicking here to view other properties for sale in Regina. Our extensive catalog includes homes of all sizes and styles, ensuring that your perfect match is just a click away.

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I have sold a property at 2325 Winnipeg ST in Regina

I have sold a property at 2325 Winnipeg ST in Regina on Mar 2, 2024. See details here

Long time owner of 35 years, this charming 4 bedroom 2 bath home has loads of original trim and character. The west facing living room, dining room and original stair case all have hardwood flooring. Off the kitchen you'll find access to the basement along with a 3 piece bathroom and direct access out to the yard. Upstairs there are 4 good sized bedrooms and a 3 piece bath. The basement is solid and provides great storage along with laundry. The single car garage has lane access providing nice off street parking. This home, surrounded by mature trees, is located between College Ave & 15th Ave- close to all downtown amenities as well as elementary and high schools. Notable upgrades: newer shingles, HE furnace, pony wall foundation & garage is approx 12 years old. Come check it out!

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I have sold a property at 143 KNOWLES CRES in Regina

I have sold a property at 143 KNOWLES CRES in Regina on Mar 2, 2024. See details here

Spacious bungalow in a very desirable location just steps from Massey Elementary, Campbell Collegiate High School, Massey Pool, Murray Balfour Arena & a large park. With over 1400 sq ft this home offers welcoming yet functional space. Large east facing living room, renovated kitchen (2017) with new cabinetry, granite counters, built in dish washer & eat up bar. The kitchen overlooks the bright west facing second living room which has a beautiful fireplace and access to the 3 season porch. Two bedrooms and a 3 piece bath complete the main floor. The basement has a very large bedroom which could also be used as additional living space. Renovated 3 piece bathroom, den & functional laundry area with cabinetry and a sink. The fenced in yard has lots of beautiful trees and a shed (has power). Single garage. A wonderful home!

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I have sold a property at 3730 GREEN MOSS LANE in Regina

I have sold a property at 3730 GREEN MOSS LANE in Regina on Mar 2, 2024. See details here

Meticulously maintained home in the Greens on Gardiner. This original owner home is fully finished inside and out. A cozy porch welcomes you into the bright main floor. Open concept living space complete with dining area, functional kitchen with eat up island & gas range, great storage space, 2 piece bath and good sized living room overlooking the gorgeous yard. The mature backyard is very private with a large deck (w/nat gas BBQ hook up), stampcrete patio and walk way, pergola, & many plants and trees. Double detached garage has a 240V plug for an electric vehicle. Upstairs, the primary suite has an ensuite with dual sinks and walk in closet. Two additional bedrooms and a 4 piece bath complete this level. Basement is finished with a welcoming rec room, 3 piece bath and additional bedroom. Fantastic location close to parks, paths, schools and many amenities, this home is completely move in ready.

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I have sold a property at 2438 Harvey ST in Regina

I have sold a property at 2438 Harvey ST in Regina on Mar 2, 2024. See details here

Conveniently located in Arnhem Place with quick access to walking paths, Candy Cane & Wascana Park, Downtown & Ring Rd- this raised bungalow is sure to catch your eye. Nicely renovated, the bright and functional floor plan offers 3 bedrooms on the main. A bright kitchen with corner windows is complete with potlights and a dishwasher. Hardwood flooring runs throughout the dining space & spacious living room with a wood burning fireplace. Downstairs, a convenient 2 bedroom non-regulation suite has access from the backdoor and can be used as an income helper. Not interested in a suite? This space can easily continue to be used as part of the main basement space, keeping this house a single family home. The basement offers large windows throughout the living room, kitchen, 2 bedrooms & 3 piece bath. Shared laundry/utility room. The private, fully fenced yard has a nice patio area & double detached garage. Notable upgrades: PVC windows, HE furnace (2022), newer shingles. This home has been in the family for many years and is truly a well kept, desirable home.

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I have sold a property at 5218/5220 7th AVE in Regina

I have sold a property at 5218/5220 7th AVE in Regina on Mar 2, 2024. See details here

Side by side duplex with lots of potential. Live in one side and rent the other as an income suite or rent both sides. Each unit has a spacious, 1232 sq ft floor plan with 3 good sized rooms up and a 4 piece bath. 5220 has laminate flooring running through the main floor living, dining and kitchen areas. It's basement has 2 additional bedrooms and a small 3 piece bath. 5218 has carpet and lino running through the main floor and it's basement is open for development. This duplex has lane access and nice yard space. 5218 has driveway access onto 7th and a nice yard with mature trees. 5220 has a double detached garage off the alley. Lots of parking space off the lane for both units. Contact your agent today to schedule a viewing.

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I have sold a property at 143 KNOWLES CRES in Regina

I have sold a property at 143 KNOWLES CRES in Regina on Mar 2, 2024. See details here

Spacious bungalow in a very desirable location just steps from Massey Elementary, Campbell Collegiate High School, Massey Pool, Murray Balfour Arena & a large park. With over 1400 sq ft this home offers welcoming yet functional space. Large east facing living room, renovated kitchen (2017) with new cabinetry, granite counters, built in dish washer & eat up bar. The kitchen overlooks the bright west facing second living room which has a beautiful fireplace and access to the 3 season porch. Two bedrooms and a 3 piece bath complete the main floor. The basement has a very large bedroom which could also be used as additional living space. Renovated 3 piece bathroom, den & functional laundry area with cabinetry and a sink. The fenced in yard has lots of beautiful trees and a shed (has power). Single garage. A wonderful home!

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Regina homes for sale near good schools

Are you in the market for a new home in Regina and prioritize educational quality for your family?

When searching for a new home, many families prioritize access to quality education. The presence of excellent schools is not only crucial for your children's development but can also enhance the long-term value of your property. However, identifying the right home near the right school involves considering a variety of factors beyond just neighborhood income levels. Let's explore how to find a community in Regina that supports your family's educational and lifestyle needs.

Diverse Neighbourhoods with Quality Schools

Regina is home to a variety of neighbourhoods, each with its own unique character and set of amenities. While some studies suggest a correlation between neighborhood income and school funding, it's essential to recognize that high-quality education is a product of multiple factors. These can include community involvement, teacher dedication, student engagement, and the availability of resources. Here are some Regina neighbourhoods known for their supportive communities and quality schools, without focusing solely on their average household income:

According to data from the City of Regina, the neighbourhoods with the highest household income include Albert Park, Lakeview, Arcola East, Twin Lakes, Walsh Acres, Sherwood McCarthy, Normanview West, and Prairie View.

Schools in These Neighbourhoods

Each of these neighbourhoods boasts schools that cater to a variety of educational needs and preferences. For instance:

NeighbourhoodPublic SchoolsCatholic Schools
Albert ParkDr. A.E. Perry SchoolSt. Matthew School
LakeviewLakeview Elementary SchoolSt. Pius X School
Arcola EastJack MacKenzie School, W.F. Ready SchoolSt. Dominic Savio School
Twin LakesConsult Regina Public SchoolsConsult Regina Catholic Schools
Walsh AcresMcLurg SchoolSt. Bernadette School
Sherwood Estates/McCarthy ParkRuth M. Buck SchoolSt. Jerome School (Check)
Normanview WestElsie Mironuck SchoolSt. Josaphat School (Check)
Prairie ViewConsult City of ReginaConsult Regina Catholic Schools

It's important to note that this list is not exhaustive. The best way to find a home near a school that meets your specific criteria is to speak with a knowledgeable realtor who specializes in the Regina area.

Looking for More Options?

If you're interested in exploring a wider range of properties and neighbourhoods, click here to view other properties for sale in Regina. This link will guide you through a comprehensive list of homes that cater to various preferences and needs, ensuring you find the perfect match for your family.

Find Your Ideal Home Today

For those eager to browse through active listings of Regina homes for sale near good schools, simply click the button to view the latest properties on the market. This resource is designed to help you easily find homes that not only meet your living standards but also prioritize your children's educational needs.

Active Listing Near Great Schools

Disclaimer

  1. Please note that the neighbourhoods and schools mentioned in this blog are not an exhaustive list. The best way to find a home that perfectly matches your criteria, including proximity to specific schools, is to consult with a professional realtor.

  2. This article is intended for informational purposes only and does not make the argument that only neighbourhoods with higher annual incomes have good schools. There are many factors that contribute to the quality of education a school offers, and excellent schools can be found across a wide range of neighborhoods with varying income levels in Regina. The correlation between average household income and proximity to good schools mentioned in this article is based on specific studies and data, and does not imply a universal rule. We recognize the importance of a diverse range of factors in determining school quality, including but not limited to community support, teacher dedication, student engagement, and available resources. Our aim is to provide helpful information to families prioritizing educational opportunities in their home search, without suggesting that high-quality education is exclusive to high-income areas.

Next Steps

Ready to find the perfect home near a top-rated school in Regina? Contact Jennica George with Remax at 306-581-1212 today. Jennica's expertise and knowledge of Regina's real estate market will ensure you find a home that meets all your family's needs, including the educational future of your children.

Finding a home near a good school in Regina is more than just a real estate investment; it's an investment in your children's future. Let Jennica George help you make that investment a reality.

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Regina Homes with Walkout Basements For Sale

Are you in the market for a home that combines the beauty of open landscapes with the convenience of urban living? Regina homes with walkout basements offer just that, providing a unique blend of indoor comfort and outdoor accessibility. These homes are perfect for those who appreciate the seamless transition from their cozy indoor spaces to the natural beauty of their surroundings.

Why Choose a Home with a Walkout Basement?

Walkout basements in Regina are more than just an architectural feature; they represent a lifestyle. Imagine waking up each morning to the serene view of your backyard, easily accessible from your basement. These homes are ideal for entertaining, offering additional living space that opens up to your garden, patio, or deck. Whether you're hosting summer barbecues, enjoying quiet evenings watching the sunset, or simply needing an extra space for your hobbies and activities, a home with a walkout basement provides the flexibility and ambiance that traditional homes cannot match.

Enhanced Natural Light and Space

One of the most significant advantages of homes with walkout basements is the abundance of natural light. Unlike traditional basements, walkout basements have one or more walls with full-sized windows and doors, which not only brighten the space but also make it feel more like a part of the home rather than an afterthought. This additional light and space are perfect for guest rooms, home offices, or entertainment areas, adding valuable square footage to your home.

Increased Property Value

Homes with walkout basements often enjoy a higher resale value compared to those without. This feature is highly sought after for its aesthetic appeal and practical benefits, making it a wise investment for any homeowner.

Discover Your Perfect Walkout Basement Home in Regina

Ready to explore the best that Regina has to offer? If a home with a walkout basement is what you envision for your next residence, you're in the right place. We've curated a selection of stunning properties that boast this desirable feature, combining the best of indoor comfort and outdoor accessibility.

To make your search as easy and enjoyable as possible, we've created a dedicated space where you can view all the active listings for homes with walkout basements in Regina. Each listing provides detailed information, photos, and contact details to help you get a comprehensive understanding of what's available.

Active Listings of Regina Homes with Walkout Basements

Looking for More Options?

If a walkout basement is on your wishlist but you're curious about what other types of properties are available in Regina, we've got you covered. View other properties for sale in Regina to explore a wide range of homes that meet your specific needs and preferences. And if you're interested in a more traditional layout, why not consider bungalow homes for sale in Regina? Bungalows offer their own unique charm and benefits, from single-floor living to easily accessible outdoor spaces.

Find Your Dream Home Today

Regina's real estate market is diverse, with something for everyone. Whether you're drawn to the modern appeal of a home with a walkout basement or the classic comfort of a bungalow, the perfect home is waiting for you. And when you're ready to take the next step, Jennica George with Remax is here to help. With an in-depth understanding of the local market and a commitment to exceptional service, Jennica can guide you through the process of finding and purchasing your dream home.

Don't miss out on the opportunity to own a beautiful home in Regina with a walkout basement. For more information and to start your home search, call Jennica George at 306-581-1212 today. Your dream home, with stunning views and seamless indoor-outdoor living, awaits.

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Wheelchair Accessible Homes For Sale

Are you on the hunt for a home in Regina that combines comfort, accessibility, and style? Finding a wheelchair-accessible home that meets all your needs can seem daunting, but it doesn't have to be. Regina offers a variety of homes designed with mobility in mind, ensuring that everyone can enjoy a comfortable and independent lifestyle.

Wheelchair accessible homes are not just about wide doorways or ramps; they embody a philosophy of inclusive design that promotes ease of living for everyone. These homes are thoughtfully designed to remove physical barriers, offering features such as single-story living, accessible bathrooms, and kitchens, as well as other modifications that make daily life smoother and more enjoyable.

Features of Wheelchair Accessible Homes

When searching for a wheelchair-accessible home in Regina, consider homes that offer:

  • Ramps or Zero-Step Entrances: Easy access into the home is a must.

  • Wide Doorways and Hallways: Ensures easy movement throughout the house.

  • Accessible Bathrooms: Features like walk-in showers and grab bars can make a big difference.

  • Open Floor Plans: Provides ample space to move around with ease.

  • Lowered Countertops and Accessible Appliances in Kitchens: Makes cooking and kitchen tasks more manageable.

Explore Wheelchair Accessible Listings in Regina

Discover the latest wheelchair-accessible homes for sale in Regina that promise comfort, accessibility, and a higher standard of living. Each listing is carefully selected to ensure it meets a wide range of mobility needs.

View Active Listings

Click the button above to browse the current active listings of wheelchair-accessible homes and find a place where convenience and functionality meet your lifestyle.

Finding Your Dream Home in Regina

Regina's real estate market is diverse, with options to suit various preferences and needs, including those looking for wheelchair-accessible homes. Whether you're looking for a cozy bungalow, a spacious single-story home, or a custom-built residence with all the accessibility features you can imagine, Regina has something to offer.

Why Work with a Realtor?

Navigating the housing market can be overwhelming, especially when you have specific needs. Working with a knowledgeable realtor who understands the importance of accessibility can make all the difference. Jennica George with Remax is not just any realtor; she specializes in finding homes that meet the unique needs of every individual, including those requiring wheelchair accessibility.

Ready to Find Your Perfect Wheelchair Accessible Home in Regina?

Don't let the search for an accessible home in Regina stress you out. Jennica George with Remax is here to help you find a home that's not just accessible, but perfect for your lifestyle and needs. With an expert understanding of the market and a passion for helping everyone find their dream home, Jennica is your go-to resource.

Call Jennica George at 306-581-1212 today and take the first step towards finding your ideal wheelchair-accessible home in Regina. Your perfect home is waiting for you, and Jennica is here to make your dream a reality.

Looking for More Options?

If you're interested in exploring a broader range of properties in Regina and the surrounding areas, we've got you covered. While these listings may not all be filtered for wheelchair accessibility, they offer a variety of features and locations that could suit your needs or preferences.

View Other Properties in Regina

Click the link above to browse through an extensive selection of properties for sale in Regina and its surrounding areas. Discover the diversity and potential of Regina's real estate market today.

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