2017 Yorkton Real Estate Market Report

Another year is quickly coming to a close and the Real Estate market in Yorkton will finish off strong. My annual stat report compares the 2016 to the 2017 market for SOLD Single Family dwellings in Yorkton Only. All stat data was compiled through Multiply Listing Service (MLS).

2017 saw 237 homes sold (5 sales pending) compared to the 223 homes sold in 2016.

With the increase in interest rate, stiffening guidelines to qualify for a mortgage, increase in property taxes and the entire economic picture for Saskatchewan, a person might think this would have a negative effect on home sales. However, we saw the opposite. Home prices in the 100K to 299K price range saw a decline of 17 sales. Homes priced between 300K to 500K saw an increase of 28 sales.

No one wants to hear it but the home values have dropped slightly and this will vary from style, location and condition.

My prediction for the 2018 market would be that the homes under 100K will remain strong and homes in the 201k to 300K price range will increase to the numbers we saw 2016.
We may see a slight decline in the homes between 401K to 500K price ranges back to the numbers we saw in 2016.

On behalf of all of us here at CORE Real Estate Inc, I would like to extend a thank you to our clients for making this a wonderful 2017 and we look forward to working with our past, present and future clients in 2018.

Warm Season’s Greetings,

Corey Werner

Corey Werner
Broker/Owner

Categorised in: A Word From Our Broker, For Buyers, For Sellers

This post was written by teamcore