Quarter 4 Market Update 2017

Page 1


RENTAL

Average Rent

Price Movement

Vacancy Rate

Market Type

as of Oct. 2017

vs. Oct. 2106

as of Oct. 2017

Our Interpretation

1 Bed Apartment

$882

+0.11%

9.1%

Renters

2 Bed Apartment

$1,051

-0.09%

8.9%

Renters

Stable

-- Rental Market data taken from CMHC Rental Market Report - Saskatchewan Highlights

RESIDENTIAL

Average Price

Price Movement

Sell to List Ratio

Market Type

Year End 2017

vs. 12 months ago

Year End 2017

Our Interpretation

Houses

$291,918

-1.83%

41.7%

Townhomes

$283,938

+0.16%

34.6%

Buyers

Apartments

$229,947

-2.15%

34.2%

Buyers

Buyers

Balanced

-- Residential Market data taken from Saskatchewan MLS® database

COMMERCIAL

Average Price

Price Movement

Absorption Rate

Market Type

Year End 2017

vs. 12 months ago

Year End 2017

Our Interpretation

Leasing

$12.95/Sq. ft

-12.08%

410,648 sq. ft

Tenants

Resale Buildings

$358,124

-3.52%

150 Units

Buyers

Business Brokerage

$266,216

+17.77%

43 Units

Buyers

Development Land

$452,511/Acre

+29.19%

375 Acres

Buyers

-- Commercial Market data taken from Commercial MLS® database

FARM

Average Price

Price Movement

Absorption Rate

Market Type

Year End 2017

vs. 12 months ago

Year End 2017

Our Interpretation

Land Only

$1,252/Acre

+10.11%

95,843 Acres

Balanced

Average Transaction

$580,227

-6.69%

410 Units

Balanced

-- Farm Market data taken from Sask Farm MLS® database


Rental Market 1200 — Rental Market data taken from CMHC Rental Market Report - Saskatchewan Highlights, as of Oct 2017. Priced displayed is an average.

Farm Market Land Only

Avg. Price

Price Movement

Absorption

Market Type

Year End 2017

vs. 12 months ago

Year End 2017

Our Interpretation

$1,964/acre

-4.61%

2,902 acres

Buyers

$634,553

+26.60%

15 Units

Buyers

900

+0.63% +0.09%

600 300

0

Avg. Transactions

-- Farm Market data taken from Sask Farm MLS® database on transactions within 50km of Regina, Year End 2017 & vs. 12 months ago. Price displayed is an average.

Vacancy Rate:

7.9%

6.1%

Market Type:

Stable

Stable

-- Commercial Market data taken from Commercial MLS® database, Year End 2017 & vs. 12 months ago. Price displayed is an average.

Commercial Market Leasing

Avg. Price

Price Movement

Year End 2017 vs. 12 Months Ago $14.26/sq. ft

-20.5%

Absorption Year End 2017 67,182 sq. ft

Market Type

2 Bed Apart.

1 Bed Apart.

Residential Market 340,000

Our Interpretation 255,000 +0.12%

Tenants

+0.78%

170,000

Resale Buildings

$535,918

+31.76%

17 Units

Buyers

Business Brokerage

$285,086

+14.72%

7 Units

Buyers

Development Land

$1.43M/acre

+203.71%

6.4 acres

Buyers

— Rental Market data taken from CMHC Rental Market Report - Saskatchewan Highlights, as of Oct 2017. Priced displayed is an average.

+3.55%

85,000 0

House

Sell to List: Market Type:

Apartments

Townhomes -50.1%

-37.5%

+38.4%

Balanced

Buyers

Buyers

Rental Market — Rental Market data taken from CMHC Rental Market Report - Saskatchewan Highlights, as of Oct 2017. Priced displayed is an average.

1200 900

Farm Market

Avg. Price

Price Movement

Absorption

Year End 2017

vs. 12 months ago

Year End 2017

Land Only

$2,333/acre

-9.51%

6,085 acres

Avg. Transactions

$447,156

-57.55%

32 Units

Market Type 600

Our Interpretation Buyers Balanced

300

Buyers

0

-- Farm Market data taken from Sask Farm MLS® database on transactions within 50km of Regina, Year End 2017 & vs. 12 months ago. Price displayed is an average.

Avg. Price

Price Movement

Absorption

Vacancy Rate:

9.6%

9.9%

Market Type:

Renters

Renters

Residential Market

Market Type

Year End 2017 Our Interpretation

385,000

Market

Year End 2017 vs. 12 Months Ago

Leasing

$13.18/sq. ft

+0.30%

213,784 sq. ft

Tenants

285,000

$738,711

-42.53%

16 units

Buyers

185,000

Resale Buildings

2 Bed Apart.

1 Bed Apart.

-- Commercial Market data taken from Commercial MLS® database, Year End 2017 & vs. 12 months ago. Price displayed is an average.

Commercial

-1.63%

-1.43%

-1.32% +0.21% -3.94%

Business Brokerage

$103,333

-30.00%

6 units

Buyers

Development Land

$1.47M/acre

+63.87%

77.6 acres

Buyers

-- Commercial Market data taken from Commercial MLS® database, Year End 2017 & vs. 12 months ago. Price displayed is an average.

85,000 0

House

Townhomes

Apartments

Sell to List:

-41.4%

-34.9%

+33.0%

Market Type:

Buyers

Buyers

Buyers


We Know Saskatchewan Real Estate!

Agents for Hire: We Can Help You Buy, Sell, Lease or Relocate! Flatlands Real Estate Team with Century 21 Dome Realty Inc 4420 Albert Street | Regina, SK | S4S 6B4

(306) 585 –0200 www.flatlandsTEAM.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.