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Regina home prices decline despite national increase

Home prices in Regina have softened, according to a report released Wednesday.

 

A recent house price survey showed year-over-year decreases in the average price for detached bungalows and two-storey homes in Regina, while condominium prices saw a slight increase. 

 

Detached bungalows dropped 5.4 per cent year-over-year to $306,500, while standard two-storey homes declined 1.8 per cent to $349,500.

 

Standard condominiums, meanwhile, remained relatively flat, increasing 0.7 per cent to $216,500 over the same period.

 

Nationally, the average price of a home in Canada rose between 3.8 per cent and 6.6 per cent year-over-year in the first quarter of 2015.  The survey says Regina's real estate market looks slower than it actually is, and there has only been a small dip in sales activity.

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Aaron Habicht
Cell:1-306-536-2454
Sutton Group - Results Realty
3904 B Gordon Road
Regina, SK
S4S 6Y3 CA
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