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Basil Pappas

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Archive for August 18th, 2016

Regina Housing Market Healthy & Consistent

Thursday, August 18th, 2016

Everybody knows how much I love stats… so check these out:

Based on the MLS® Home Price Index (Single Family Home benchmark) the following is how our Regina real estate market has shaped up in the past 4 years (from July 2012 through July 2016):

Regina Overall: down 3.17%… 0.79% per year
Area R1: down 2.5%… 0.625% per year
Area R2: up 5.4%… 1.35% per year
Area R3: down 0.8%… 0.2% per year
Area R4: down 5.9%… 1.475% per year
Area R5: down 0.9%… 0.225% per year

What is this telling us?
July 2012 was the peak of the market after rising a whopping 187% over 8 years starting in January of 2005 (23.4% per year). If you bought a single family home like a bungalow or two storey in July 2012, depending on the area, the value of your home today is most likely worth apx the same amount that you paid – that is, the house has neither appreciated nor depreciated significantly.

Condos tell a slightly different story.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Association of Regina REALTORS® Inc.. Trademarks used under license from CREA.
MLS® MLS REALTOR® Realtor