Martensville, Sk Real Estate Snapshot

Here is a run down of what has been going in Martensville, Sk in the last 6 months broken down into price range.

Saskatoon house prices edging up

The Star Phoenix
House prices in Saskatoon edged up in the fourth quarter of 2011, according to
brokerage firm Royal LePage.

Its House Price and Market Forecast Survey shows year-over-year house prices in Saskatoon increased slightly across all three housing types surveyed, due mainly to low interest rates helping motivate buyers to enter the market.

An average standard two-storey home rose 2.6 per cent year-over-year to $368,750, a detached bungalow increased 0.9 per cent to $334,250 and a standard condominium sold for an average price of $232,333 — a 3.3 per cent year-over-year increase.

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Saskatoon Area Stats for December

The Saskatoon Area stayed did as well as expected for any November. November proved
to be the month with the lowest amount of Sales in 2011. The number of new listings also
dipped to the lowest it's been this year. Don't get to worried out of towners. This is normal for this time of year and if the sale/list charts are any indication it should mean that you can list your house for a little more money in December than you could in November. If you have any questions or comments regarding your area please let me know with a comment below. I am currently booking into January to do in depth market analysis' for small towns in the Saskatoon Area. To book your free consultation call or text/call 381-8455.
-Thomas Miller

Saskatoon Stats for December

The City of Saskatoon Market trended down slightly as expected in November. December
should continue to see a slow down before a small turn around in January. The number of
listings in November proved to be the lowest number of listings in 2011. If you have any questions or comments leave them below. I am also currently doing in depth market analysis' for home owners at no charge through the Christmas season. To book yours today call or text 381-8455.
-Thomas Miller

6 Worst Home Upgrades For Your Money : #6

Upscale Garage Addition

Instead of cleaning out the garage, how much would you pay to have a new one built from scratch? This time, it would have all the organizational built-ins, and a durable, easy-to-clean floor to ensure it would never be messy again. And windows for natural light. Oh yeah, and you could store a couple of cars in there, too. The price tag for a top-of-the-line detached two-car with all the trimmings is about $90,053, according to the report. You can expect to recover about 53.6 percent of that when you sell.

"This one is completely decked out on the inside," says Alfano. "It's a dream garage."

And that's likely some of the problem with recovering the value at resale. Says Keim, "You've got a very small target audience out there that wants an upscale garage."

6 Worst Home Upgrades For Your Money : #5

Bathroom Addition

Unless you're a hermit who never entertains, you've probably wished for an extra bathroom now and then. But bathroom additions require serious coin. For a moderately outfitted addition with synthetic stone or plastic laminate surfaces, figure parting with about $21,695, according to the Remodeling report. Go upscale, with finishes like premium marble or fine tile, and you can easily spend in the neighborhood of $40,710. Either way, you get about the same return: 53 cents on the dollar. "In the buyer's mind, the additional bathroom isn't worth that additional $20,000 to $40,000," Keim says.

Investigate a less-expensive way to get the same result without flushing quite as much cash. While additions usually cost more, pros might be able to reconfigure your existing space to add a bathroom for less, Alfano says.

6 Worst Home Upgrades For Your Money : #4

Upscale Master Suite Addition

Who doesn't want to wake up in a five-star-hotel-quality suite with an attached spa bathroom and a kitchenette that affords you coffee and pastries before facing the world? Once you see the price tag, it won't just be the coffee keeping you up at night. For a super-deluxe master suite addition — which adds square footage and uses only top-dollar materials — the average cost is about $232,062, according to the report. That's 460 nights at a posh resort with enough left over to raid the minibar. In years past, this project was "sort of a trend in vacation homes" that migrated to primary dwellings, Alfano says. Sellers can expect to recover about 52.7 percent at resale.

Your buyer can purchase a newer house with the same features as part of the original floor plan that "probably lays out better anyway," says Loren Keim, author of "How to Sell Your Home in Any Market."

So while the next buyer may appreciate your luxury accommodations (which could even tip their decision in your home's favor), chances are they won't want to pay the full tab for your remodel.