Housing News


  "Mother's Day is Sunday"


A mother's love for her child is like nothing else in the world. 

It knows no law, no pity, it dates all things and crushes down 

remorselessly all that stands in its path.

— AGATHA CHRISTIE


Mothers hold their children's hands for a 

short while, but their hearts forever.

— UNKNOWN


Kids don't stay with you if you do it right. 

It's the one job where, the better you are, 

the more surely you won't be needed in the long run.

— BARBARA KINGSOLVER

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ASSOCIATION OF REGINA REALTORS® 

"April" MLS®  Stats

In April 2018, there were 271 sales  reported in all geographic areas, down 8.1% compared to 295 sales recorded in 2017.  

In the city, there were 1,524 active residential listings on the market at the end of April, an increase of 16% over 1,329 in 2017.

There were 738 new listings placed on the MLS® System during the month  of April in all geographic areas, down 6.1% from 786 in 2017.  In the city, there were 551 new listings posted, down 2.1% from the 563 in 2017.

The ratio of sales to new listings for the month was 41% in the city and 36% in all geographic areas.  These relatively lower sales to list ratios tend to point to buyer's market conditions.  Balanced market conditions are generally in the 40-60% range -- below 40% is considered to be more of a buyer's market -- above 60% is considered to be a market favouring sellers.

Homes that did sell in the city sold in an average of 59 days in the city and 61 days in all areas.  This compares to 37 and 44 days respectively in 2017.

"April continued a pattern that began in 2017 of fewer sales, rising inventory levels and falling prices.  It is certainly an ideal time for buyers to be looking for a home in the area.  There is plenty of supply, great choice and prices are the lowest level in a number of years", said Gord Archibald, Chief Executive Office of the Association of Regina REALTORS®  Inc.


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A trend  in the city of Regina which began in 2017 , we saw an increase of active listing inventory  in particular a large supply of condos.  Condos account for 28% of the total active lisitngs stated Gord Archibald, Chief Executive Officer of the Associaiton of Regina REALTORS®  Inc.

In 2017, there were 3,271 residential sales reported in all geographic areas, down 4% from 3,408 sales in 2016.

In 2017, for year-to-date, the average selling price in the city was $318,372 compared to $319,003 in 2016 -- a decrease of 0.2%.  

In 2017 for all geographic areas, the year-to-date average sale price was $316,156 -- a decrease of 0.1% from $316,619 posted in 2016.

In December 2017, houses listed an average of 64 days before selling compared to 53 days in 2016.


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For more Regina real estate stats go to

www.reginarealtors.com

Source of information from the Regina MLS® System


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The REALTOR® Code

CREA’s REALTOR® Code has been the measure of professionalism in organized real estate for over 40 years. The first code was approved in 1913; members approved the first code of ethics specific to CREA members in 1959. The Code has since been amended many times to reflect changes in the real estate marketplace, the needs of property owners and the perceptions and values of society.


A REALTOR’s® ethical obligations are based on moral integrity, competent service to clients and customers, and dedication to the interest and welfare of the public. The REALTOR® Code, by setting high standards of professional conduct for REALTORS®, helps to protect Canadians’ rights and interests. It also creates a level of trust between REALTORS® and their clients.


 Download the REALTOR® Code (PDF).


A STRICT STANDARD OF CONDUCT


The REALTOR® Code establishes a standard of conduct, which in many respects exceeds basic legal requirements. This standard ensures the protection of the rights and interests of consumers of real estate services. As a condition of membership, all REALTORS® agree to abide by the Code.


Key items of the Code include:


  1. REALTORS® must disclose in writing whom they are representing as an agent in the transaction, and explain to parties in a transaction the details of the agency relationship; and
  2. REALTORS® can’t acquire an interest in property (either directly or indirectly) without disclosing the fact that they’re real estate professionals.


THE CODE AND THE LAW


The REALTOR® Code establishes obligations that may be higher than those mandated by law. However, in any instance where the code and the law conflict, the obligations of the law must take precedence.

Courtesy of: Canadian Real Estate Association (CREA) CREA.CA



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CANADIAN BLOOD SERVICES

To manage Canada's national supply of blood, blood products and stem cells, 

and related services for all the provinces and territories (excluding Quebec). 

They also lead an integrated, interprovincial system for organ 

donation and transplantation for all of Canada.

Remember to give blood.  You may save someone's life.


Shirley MacFarlane
Shirley MacFarlane
Salesperson