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I just finished uploading this Vacant Lot for sale, 8093 Wascana Gardens Crescent, Regina, SK

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Incredible 2334 sq/ft Executive Walk Out Bungalow. This Century West gem is almost at completion and ready for it's first owners! This home is finished to the highest attention to detail up and down. View the attached brochure and if interested please call me at 535-4147 for your private viewing!

Click on the address link to view more information about this property and contact me for your private viewing. 4144 Green Willow Terrace, Regina, SK

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Good Value in this fully developed, 3 + 1 bedroom bungalow in a great Whitmore Park location. This bungalow features a nice sized living/dining room with original hardwood floors. A good sized kitchen, 3 bedrooms and a recently renovated 4 piece bath finish the main floor. The basement is developed with a large rec room, additional bedroom, 4 piece bath and a good amount of storage. Call me today at 535-4147 for your private viewing of this home!

Regina's real estate market had a banner year in 2011, setting records for sales volume and average prices and posting the second-highest number of sales all-time, according to the Association of Regina Realtors.

And 2012 is shaping up to be another strong year, says the executive officer of the association in his annual year-end review and forecast.

"All of the forecasts for the province and the city I've seen (predict) we're going to at or near the top of the growth lists,'' said Gord Archibald, executive officer of the association. "Assuming that's the case and assuming the economy generates jobs, population and household growth, we'll continue to see the levels of demand we've seen in the new market.''

Archibald noted that for the 30 years prior to 2007, Regina home sales averaged 2,500 to 3,000 a year.

However, since 2007, home sales have ranged between 3,400 and 3,900. "This is the new normal.''

Last year, 3,876 homes were sold on the multiple listing service (MLS) in Regina and area, up nine per cent over 2010 when 3,563 properties changed hands. That's the second-highest number of sales in a year, behind 2007 when 3,935 sales occurred.

The total dollar volume of sales surpassed the $1-billion mark for the first time in November and ended the year at $1.076 billion - up 17 per cent over $919.4 million posted in 2010.

Average sales price for homes sold in the Regina area set a new high of $277,909, an increase of eight per cent over the previous record set in 2010 of $258,029.

The average sales price in the city proper also set a new high at $285,759, up eight per cent over the previous year's average price of $263,519.

In December, the number of sales broke the 200-mark for the first time, with 225 homes sales reported in the Regina area, an increase of 22 per cent from 2010.

Total dollar volume of sales also set a new high for December at $61.6 million, an increase of 33 per cent over $46.4 million in 2010.

The average sales price for December also established a new record of $273,919 for the Regina area, an increase of nine per cent over $250,564 posted in 2010. In the city, the average price for the month was $285,326, up 13 per cent over $252,569 recorded in 2010.

Archibald said the only "wild card'' in his forecast for 2012 is the lack of listings, noting that there were only 375 homes listed on MLS at the end of 2011, which is the lowest level since 2007 when only 273 homes were on the market. "We had over 800 (listings) at the end of 2008,'' he said.

But he added November, December and January are typically the "least active months'' for home sales.

"If we had this number of listings on the market in March or April, then that would be a problem.''

Undeveloped waterfront lot on Echo Lake. Perfect for a walkout home. Lot measures approx. 53' of waterfront, 59' at the road and about 125' deep. Power and Gas are at property line for hook up at Buyers expense.

Great value with a fantastic location! Pride of ownership shines in this great character bungalow in a fantastic Crescents location!! The nice sized living room comes complete with a corner gas fireplace and hardwood floors. The 2 good sized bedrooms also feature hardwoods and have been updated with modern paint colours. The kitchen features white cabinets, new countertop and numerous other updates. The 4 piece bath on the main level has also been nicely updated. The basement is partially developed with a rec room and a bedroom and is ready for your finishing touches. The nice sized yard is set for entertaining and provides a single detached garage as well as an extra parking pad. Call Aaron at 535-4147 today for your private viewing!

Selling Your Home in the Winter

BRISK OCTOBER HOUSING MARKET SETS NEW HIGHS

The brisk housing market that began in late summer continued into the fall months with new highs being set in October for sales reported through the Association of Regina REALTORS® Inc.’s MLS® System, said the Association.

There were 342 sales reported during the month in all geographic areas, up 26% from 2010 when 272 sales were reported. This represents a new high for the month of October, exceeding the previous record of 305 set in 2007, and was well above both the immediate past five-year average of 268 and the ten-year average of 225 sales. It also represents the eighth consecutive month of over 300 sales and the second consecutive month where a new high has been set. There were 284 sales reported in the city, up 19% over 2010 when 238 properties exchanged hands.

For the year-to-date to the end of October there have been 3,344 sales reported, up 7% over 2010’s 3,121 for the same period. In the city, 2,860 sales have occurred, up 6% from 2010’s 2,694.

The average sales price in all market areas for the month was $282,313, a new high for October and an increase of 10% from $257,268 posted in 2010. The average in the city was $292,932, also a new high for the month and up 10% from $266,083 which was recorded last year.

YTD average price to the end of October for both all areas and in the city set new highs. The average price in all areas was $278,255, an increase of 10% over 2010’s $257,849. The city’s average price of $285,731 was up 8% over last year’s $263,581.

The combination of sales and price highs during the month also resulted in a new record for total dollar volume of sales. There was $96.6M in sales reported for all areas, an increase of 38% over 2010’s $70.0M and 32% over the previous high set in 2009 of $73.4M. For the YTD, a new sales volume high of $930.5M has been set, surpassing the previous high of $804.7M set in 2010 by 16%. During the month, homes which sold were on the market for an average of 37 days before selling at an average of 96.8% of the asking price. This compares to 36 days and 96.5% for the YTD.

For all MLS® System geographic areas there were 1,268 active listings on the market at the end of October, including 618 in the city. There were 477 new listings placed on the MLS® System during the month, up 22% from 390 in 2010.

The ratio of firm sales to new listings for the month was 90% in the city and 72% in all geographic areas. This is an indication of movement to a seller’s market, especially in the city. Balanced market conditions are generally in the 40-60% range - above 60% is considered to be a market favouring sellers. For the YTD, the same ratio at the end of the month was 69% in the city and 58% in all market areas.

“The level of sales activity in October is a strong indication of demand for housing in the market place. Historically, we would have only seen this number of sales during the spring and summer months when the market is at its high point. The housing market reflects the strength and the fundamentals of the local economy and it’s showing up in the number of home sales taking place,” said Gord Archibald, Executive Officer of the Association of Regina REALTORS® Inc.

“With two months left in the year, we are well on track to record the second highest number of annual residential sales and the first one billion dollar volume year in the history of the local MLS® System,” concluded Archibald.