Real Estate Word -- Getting Ready for the Real Estate Roller Coaster August 2017   

 
Selling a home can often trigger a wide range of emotions.  This month’s article discusses how to keep your emotions in check so that your real estate roller coaster ride will be a smooth and enjoyable experience.

Our second article is an update on the Real Estate Market.  If you have any questions, please do not hesitate to call me at your convenience.

Soon school will be back in session and there are also some tips to help ease your family back into the school routine as well as a couple of apps to help you with those do-it-yourself projects.

One of our familiy's favourite recipies is included.  We hope that you will enjoy this as much as we do.

I hope you have had some time to "unwind" and "relax" this summer and enjoy some of the hot weather we have had.  Our family is now getting back into some routine after the holidays.

Thanks so much for checking out this month's newsletter.  Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Best Regards,
Henry

In this issue...
Home Sales Soften in July 
The warm weather in July appears to have taken some of the purchasers out of the Saskatoon market with a monthly decline in unit home sales of 16% compared to July of 2016. The year to date unit sales are down nearly 4% for Saskatoon compared to the first seven months of last year. Sales in the region surrounding Saskatoon increased just over 17% for the month compared to last July, while the year to date numbers declined slightly by 2.6%. Year to date there have been a total of 2,155 unit sales within Saskatoon and another 596 in the region surrounding the city. The total dollar volume recorded for Saskatoon and region year to date is $989 Million off 5% from last year.

The number of active listings in Saskatoon has reached a new peak at 2,210 with an additional 1,125 properties available in the market outside Saskatoon. At the current rate of monthly sales it would take just over seven months to liquidate the current inventory completely. The average home is taking approximately 50 days to sell which is consistent with the past two July’s. The homes that are selling are seeing a sale price that is at 96.7% of the asking price. 

The number of listings taken year to date in the Saskatoon and region market is consistent with last year at 8,693. In Saskatoon there have been 5,795 properties listed since January 1st, very similar to numbers for the past two years.

Prices continue to show signs of slight decline as well. The average sale price in July of 2017 was 6.4% lower than July of 2016. Year to date, the average price has slipped from $351,855 to $348,960. The median price year to date also decreased slightly from $335,000 to $329,500. The Composite Home Price Index (HPI) benchmark price for July declined by 2.2% compared to last July. The HPI is considered to be the best indicator of the trend in home prices and measures the rate of change month over month. 
  
Information & Statistics provided by Jason Yochim CAE, CRAE


Preparing for the Real Estate Roller Coaster Ride 
Never wear your emotions on your sleeve during the real estate ride.

Selling your home is a huge financial transaction that can trigger a roller coaster of emotions.  When you're being tossed around at every turn, you need to hang on and stay on track.

Although you’ll likely have a strong connection to your home, try not to get offended if a potential buyer wants to rip up your kitchen or paint over the wood trim.

Also, never take comments personally.  It’s natural for people to complain when they're interested in something so while criticisms may seem negative, they’re actually a sign that the buyer’s interested in your home.

If you receive a “low ball” offer, remember that it’s often just a starting point but be aware of tactics such as “low balling” where an attractive price is initially offered only to be adjusted at a later point on the basis that circumstances have changed.  Recognizing these strategies will help you keep a balanced perspective.

If you’re able to generate multiple offers, make sure you consider more than just the price.  There’s nothing worse than accepting a conditional offer just because it's over the asking price only to have it fall apart a month later when you could have accepted a firm cash offer that was almost as good.

It’s completely natural for both buyers and sellers to experience a wide range of intense emotions as they navigate through the complex real estate process.  However, if you hop on the real estate roller coaster with a competent agent by your side, you’ll not only enjoy the ride but you'll look forward to doing it again!

Getting Ready for School Daze 
Going back to school can be tough after the lazy days of summer.

Getting back into the school routine can sometimes be a little hectic.  Here are a few tips that will help make it a little bit less stressful on everyone:

  1. Shop Early - The first few weeks of school are very busy and unpredictable so be sure to purchase your back to school items as early as possible.

  2. Sleep Easy - Ease back into the school routine by gradually adjusting bedtimes (and wake up times) a week or so before to help everyone get back into the routine.

  3. After School Plans - Start discussing extra-curricular activities and homework routines so you can organize your Fall schedule.

  4. Have a Hub - Hang a calendar in a central spot where everyone can write down their activities and attach a folder for notices and permission slips so that everything's in one place.

  5. Be Positive - If your child is anxious, listen to their worries but also pay attention to how you’re feeling as sometimes the parent’s anxiety can rub off onto their kids.

Going back to school is a very exciting time (for you and the kids) but it’s also a period of emotional adjustment so try and make yourself available as much as possible during the first few weeks.  With just a little planning, getting back into the school routine can be a nice, smooth transition.

Do-It-Yourself Apps 
Your smartphone should be an essential part of your DIY toolkit!

If you're constantly procrastinating over household projects, you should check out a few home improvement apps for some inspiration!

You’ll soon become a DIY master with the thousands of how-to guides at WikiHow complete with illustrations and videos on every imaginable topic.

There’s also iHandy Level which will help keep you on the level if you’re hanging a picture or if you need to measure a precise angle.

These are just a few examples of the many apps that are available.  From picking paint shades to renovating your home, a smartphone will be the lightest and most versatile tool you’ll ever own!

Berry and Banana Terrine 

INGREDIENTS


  • 2 envelopes (1/4 ounce each) unflavored gelatin
  • 2 cups white grape juice, divided
  • 1/2 cup white granulated sugar
  • 6 cups of mixed fresh berries and slices of banana (berries can include blueberries, raspberries, blackberries, and sliced or quartered strawberries)

METHOD

1 Soften the gelatin: Put 1/4 cup of the white grape juice into a small bowl. Sprinkle the gelatin over the grape juice and let sit for 2 to 3 minutes while the gelatin softens.
2 Make grape juice gelatin base: Put another 1/4 cup of the white grape juice and a 1/2 cup of sugar into a saucepan and heat on medium high heat until the sugar has dissolved.
Remove from heat and stir in the gelatin mixture until it has dissolved. Stir in the remaining 1 1/2 cups of grape juice.
3 Put fruit in loaf pan, cover with grape juice gelatin mixture: Put the berries and banana slices in a 4x8 loaf pan. Pour the grape juice mixture over the berries, and press down on the berries to submerge them into the juice/gelatin mixture.
4 Chill: Cover with plastic wrap. Chill in the refrigerator until firm, 3 hours.
5 Un-mold: To un-mold, fill a basin half-way with hot water. Carefully lower the bottom of the loaf pan into the hot water and hold for 5 to 8 seconds. This will melt the gelatin at the edge of the pan, helping it to release.
Run a dull knife around the edge of the pan as well.
Place a serving platter topside down on top of the loaf pan and turn the whole thing over. Shake gently to release the mold.
Slice to serve.




PS Are you frustrated by scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold?  Sit back, relax and let me do the work for you!  Just visit my website and check off the features you're looking for.   Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home. This service is free and there's no obligation! Click here to get started.

Not meant to solicit clients already under contract.