YORKTON - The Yorkton region has among the largest housing price gains in the province.
“Saskatchewan set a sales record with 17,387 sales in 2021, a new high which surpassed the previous record in 2007 by 17 per cent,” according to the Saskatchewan Realtors Association's monthly media release.
From January 2021 to December 2021, the Yorkton Region saw 1791 new listings and 1174 sales with the average price being $ 177,122, increasing by 15 per cent.
"The market has been very busy," said Rob Kozak of RE/MAX Blue Chip Reality in Yorkton. "It's rare that properties are sitting for more than a month."
“All regions also recorded easing supply levels and tightening months of supply, causing many regions to shift from conditions that favoured the buyer to one that favoured the seller. Tightening supply demand balances helped support price gains across most region in the province with the largest price gains occurring in the Melfort and Yorkton region this year,” as per the SRA's monthly media release.
Though prices have increased in the region, Kozak said it's not irregular, "Prices have gone up, but it's not ridiculous," adding, "The agents are doing a good job of pricing. Buyers are well educated and they've done their homework."
