582 23rd st east

Researched and prepared by

Rick Valcourt

Prepared exclusively for

John Watson

Prepared onNovember 06, 2014

Rick Valcourt Century 21 Prestige Real Estate

635 Branion Drivewww.MyCandleLake.comPrince Albert, SK [email protected]

Subject Property

582 23rd St East

Prince Albert, SK

November 06, 2014

This section summarizes the comparable listings contained in this market analysis.

Summary of Comparable Listings

Address Sale Price SQFT Age DOMACTIVE Listings

S=List Date

544 East 22 Street $179,900 1912 11/03/2014 31120339 East 19Th Street $189,900 1959 09/19/2014 4893889 East 27Th Street $199,500 1910 07/14/2014 1151060211 East 21St Street $199,900 1953 10/17/2014 20800470 East 22Nd Street $213,500 1912 05/26/2014 1641276626 East 20Th Street $219,900 1966 10/22/2014 15908111 East 18Th Street $224,700 1951 10/21/2014 16720

Averages: 975 1938 54$203,900

Address Sale Price SQFT Age DOMCONDITIONAL SALE Listings

S=Off Market

610 East 20Th Street $219,900 4961 01/15/2015 591104Averages: 1104 4961 59$219,900

Address Sale Price SQFT Age DOMSOLD Listings

S=Sold Date

111 East 22Nd Street $182,000 1931 12/20/2013 66798466 East 26Th Street $182,000 1963 11/27/2013 30750547 East 21St Street $182,000 1942 06/17/2014 4083240 East 26Th Street $185,000 1957 04/09/2014 30896518 East 20Th Street $185,000 1953 09/19/2014 18720427 East 22Nd Street $192,000 1958 11/26/2013 771439116 East 20Th Street $195,000 1952 05/23/2014 36816579 East 25Th Street $195,000 1962 05/23/2014 7792202 East 26Th Street $195,000 1912 10/20/2014 191238414 East 27Th Street $199,900 1963 01/24/2014 19768

Averages: 905 1949 34$189,290

$195,000$196,672

Median of Comparable Listings: Average of Comparable Listings:

Researched and prepared by Rick ValcourtCentury 21 Prestige Real Estate 306-922-7444

November 06, 2014

This section summarizes the comparable sold listings in this market analysis.

Table Summary of Comparable Solds

Address List Price

SOLD ListingsSale Price

$ ChangeList Price to

Sold Price Sold Date DOM

% ChangeList Price toSold Price

111 East 22Nd Street $189,900 $182,000 $-7,900 12/20/2013 66-4.16%

466 East 26Th Street $189,900 $182,000 $-7,900 11/27/2013 30-4.16%

547 East 21St Street $199,900 $182,000 $-17,900 06/17/2014 40-8.95%

40 East 26Th Street $194,900 $185,000 $-9,900 04/09/2014 30-5.08%

518 East 20Th Street $189,900 $185,000 $-4,900 09/19/2014 18-2.58%

427 East 22Nd Street $203,500 $192,000 $-11,500 11/26/2013 77-5.65%

116 East 20Th Street $204,900 $195,000 $-9,900 05/23/2014 36-4.83%

579 East 25Th Street $209,900 $195,000 $-14,900 05/23/2014 7-7.10%

202 East 26Th Street $209,900 $195,000 $-14,900 10/20/2014 19-7.10%

414 East 27Th Street $199,900 $199,900 $0 01/24/2014 19 0.00%

AverageMedianMinimumMaximum

$199,260$199,900$189,900$209,900

$189,290$188,500$182,000$199,900

$-9,970$-9,900

$0

34 30 7 77

-4.96%-4.96%

0.00%-8.95%$-17,900


Summary of Comparable ListingsThis page summarizes the comparable listings contained in this market analysis.

November 06, 2014

Address Price SQFT Age DOMACTIVE Listings

S=

List Date

544 East 22 Street $179,900 1912 11/03/2014 31120339 East 19Th Street $189,900 1959 09/19/2014 4893889 East 27Th Street $199,500 1910 07/14/2014 1151060211 East 21St Street $199,900 1953 10/17/2014 20800470 East 22Nd Street $213,500 1912 05/26/2014 1641276626 East 20Th Street $219,900 1966 10/22/2014 15908111 East 18Th Street $224,700 1951 10/21/2014 16720

Averages: 975 1938 54$203,900

Address Price SQFT Age DOMCONDITIONAL SALE Listings

S=

Off Market

610 East 20Th Street $219,900 4961 01/15/2015 591104Averages: 1104 4961 59$219,900

Address Price SQFT Age DOMSOLD Listings

S=

Sold Date

111 East 22Nd Street $182,000 1931 12/20/2013 66798466 East 26Th Street $182,000 1963 11/27/2013 30750547 East 21St Street $182,000 1942 06/17/2014 4083240 East 26Th Street $185,000 1957 04/09/2014 30896518 East 20Th Street $185,000 1953 09/19/2014 18720427 East 22Nd Street $192,000 1958 11/26/2013 771439116 East 20Th Street $195,000 1952 05/23/2014 36816579 East 25Th Street $195,000 1962 05/23/2014 7792202 East 26Th Street $195,000 1912 10/20/2014 191238414 East 27Th Street $199,900 1963 01/24/2014 19768

Averages: 905 1949 34$189,290

$195,000$196,672

Median of Comparable Listings: Average of Comparable Listings:

On Average, the 'Sold' status comparable listings sold in 34.20 days for $189,290


Minimums and MaximumsThis page summarizes key fields of the listings in this analysis.

November 06, 2014

Priced between $179,900 and $224,700

2 to 5 Bedrooms

Built between 1910 to 4961

720 to 1,439 Square Feet

The listings in this analysis can be summarized as follows:

1 to 3 Bathrooms


November 06, 2014

List Price and Sale PriceThis graph illustrates the list price, along with sale price in Sold listings.

0.0K

40.0K

80.0K

120.0K

160.0K

200.0K

240.0K

111 1

8th STREET E

111 2

2nd STREET E

116 2

0TH STREET E

202 2

6th STREET E

211 2

1st S

TREET E

339 1

9th STREET E

40 26

th STREET E

414 2

7th STREET E

427 2

2nd STREET E

466 2

6th STREET E

470 2

2nd STREET E

518 2

0th STREET E

544 2

2 STREET E

547 2

1st S

TREET E

579 2

5th STREET E

610 2

0th STREET E

626 2

0th STREET E

89 27

th STREET E

Sum of List PriceSum of Sale Price

Address

Pric

e

Price Graph


November 06, 2014

Number of Days On MarketThis graph illustrates the number of days on market for the listings in this analysis.

0

20

40

60

80

100

120

140

160

180

111 1

8th STREET E

111 2

2nd STREET E

116 2

0TH STREET E

202 2

6th STREET E

211 2

1st S

TREET E

339 1

9th STREET E

40 26

th STREET E

414 2

7th STREET E

427 2

2nd STREET E

466 2

6th STREET E

470 2

2nd STREET E

518 2

0th STREET E

544 2

2 STREET E

547 2

1st S

TREET E

579 2

5th STREET E

610 2

0th STREET E

626 2

0th STREET E

89 27

th STREET E

16

66

3619 20

4830

19

77

30

164

18 3

407

59

15

115

Address

Days On Market


This page details the comparable listings contained in this market analysis.

ACTIVE Listing Details

November 06, 2014

544 22 East Bedrooms:Bathrooms:Sqft:SP:Built:

Status:List Date:Area:LP:Listed:DOM:

311,120

1912

ACTIVE11/03/2014P1 Prince Albert$179,90011/03/20143

Very nice & well cared for 2 story, 3 bedroom charmer. Upgrades include a new kitchen counter top & sink, new flooring throughout the bedrooms, bathroom, kitchen, sunroom & main floor laundry room. The 4 piece bathroom has a new vanity, low flush toilet & tub surround, plumbing has been upgraded in the bathroom & kitchen, new light fixtures throughout. All the window casings & beautiful stair case is the original wood that has been refinished. All appliances are included & less than a year old. There is a single car garage, fenced yard, dog kennel, shed & a playhouse also included. Energy $95

339 19th East Bedrooms:Bathrooms:Sqft:SP:Built:


52938

1959


Spacious 5 bedroom raised bungalow with 2 bedroom basement suite with large windows & good lighting.



311,060

1910


Clean as a whistle, cute, well cared for home with three bedrooms, upgraded flooring, bathroom, High energy efficient furnace, newer water heater and more. Home features a spacious kitchen & formal dinning room plus main floor laundry. Freshly painted throughout. Yard is beautifully landscaped and fenced with deck & gazebo. Large lot close to Kinsmen park with more than enough room to add a garage!




November 06, 2014

211 21st East Bedrooms:Bathrooms:Sqft:SP:Built:


32800

1953


Let the suite pay your mortgage! Perfect home for the first time buyer. 800sq ft main level features a spacious kitchen, living room, two bedrooms and 4pc bath. Nicely decorated with new countertops and fresh paint. Downstairs offers a non conforming 1 bedroom suite which currently generates $750 per month. Separate meters. Shared laundry. Great central location in mature neighbourhood with nice sized yard. Call today as it wont last long!!

470 22nd East Bedrooms:Bathrooms:Sqft:SP:Built:


531,276

1912


Large character home with separate entrance walkout one bedroom basement suite. This 1276 sq/ft 4 bedroom, 2 bathroom home with suite is located in the East Hill close to schools and cornerstone. Don't let this large home with revenue potential pass you by. Alley access and single detached garage.



41908

1966


Immaculate East Hill bungalow with brand new foundation in 2001. This 4 bedroom, 1 bathroom home features spacious bedrooms, plenty of natural light & room to grow with the partially finished basement. Upgrades over the last couple years include shingles, soffits, facia, eave troughs, exterior & interior paint & new front door. When the new foundation was completed electrical & plumbing were updated as well. Great starter home or revenue property with potential for a 2 bedroom basement suite.




November 06, 2014



32720

1951


Fantastic East Hill starter home or revenue property with legal basement suite! Upgraded exterior with single detached garage. Main floor has spacious living room, eat-in kitchen, 2 bedrooms & renovated bath. One bedroom legal basement suite (certificate on file) was completely renovated in 2011/2012 including new framing, new spray foam insulation, new electrical, all new basement windows and all new finishes. Basement suite is nice & bright with modern colours & finishes, new kitchen with dishwasher, and upgraded 3 piece bath with ceramic tile shower surround. Two fridges, two stoves, washer & dryer included. New furnace in 2011. Shared laundry. Nicely landscaped yard. Basement currently rented to excellent tenants for $975/month. Let the suite pay majority of your mortgage payment!



SOLD Listing Details

November 06, 2014



41798$182,0001931

SOLD10/15/2013P1 Prince Albert$189,90010/15/201366

Cute and cozy home centrally located close to all amenities including rink, schools, and parks. Original hardwood flooring and crown moldings add tons of character. Main floor boasts a nice sized kitchen, freshly painted dining room & living room, 2 bedrooms, and a 4pc bath . Upstairs offers a dainty sitting area, and 2 extra bedrooms. Basement is open for development and offers tons of room for extra storage. All appliances included. Back alley access and room to build a garage. Affordable home for the first time home buyer with room for the entire family!



32750$182,0001963


Beautiful 2+1 bedroom bungalow located in great East Hill neighborhood, close to schools and move in ready. Freshly painted main floor and newer windows. Recently complete renovated basement with new 3 piece bathroom, large family room, bedroom and tiled bar area, new carpets, wired for ceiling speakers and TV mount. Lots of parking in front driveway plus 26X26 cement garage pad ready to build on.



22720$185,0001953


Great starter/revenue property in the East Hill with many upgrades including; newer furnace, water heater, air return system, upgraded electrical panel. This 1 bedroom bungalow has a separate 1 bedroom basement suite with it's own entrance.




November 06, 2014



32896$185,0001957


Bright & Sunny one owner home! Large kitchen with large windows and plenty of cupboards, original woodwork throughout. New windows in 2010, new water heater in 2012, newer furnace, Central Air & Water Softener. 2 plus 1 bedrooms plus den bungalow, fully developed. Great Starter Home!Average Monthly Power $67.00. Average Monthly Energy $75.00

547 21st East Bedrooms:Bathrooms:Sqft:SP:Built:


42832$182,0001942


Delightful East Hill bungalow with large fully fenced back yard is a perfect starter home for your family. Three bedrooms on the main floor are great if you have young children. Many upgrades include siding, soffits, fascia, eaves, shingles, windows, deck, A/C, and furnace, as well as flooring and renovated bathrooms. Fridge, stove, freezer and dryer are included. Basement has a 2 pc. bathroom with a shower stall in the laundry area. The basement bedroom requires a new window (currently plexi-glass) and could also be used as a family room. Average P-$87. Come take a look!



32768$199,9001963


Great East Hill starter home with a suite in a good area. Some newer windows, Newer high energy efficient furnace and a 50 gallon water heater. Newer flooring up and down and new shingles. Big fenced back yard with 2 car parking and garden space. Move straight in and have the tenant pay the bulk of your mortgage.




November 06, 2014



421,439$192,0001958


What a way to beat mortgage payments! Tri-plex on the East Hill, over 1000 sq/ft, 3 bedroom bungalow with a one bedroom basement suite and a bachelors suite built on the back of the home. Recent improvements include new individual laundry for the basement suite, new exhaust fans in the bathrooms and new flooring on the main floor plus new appliances. Live on the main floor and have your mortgage payment covered by the rent! Home includes 3 fridges, 2 stoves, dishwasher, 2 washers, 2 dryers. Current rent, main floor $1100.00 plus power and gas, basement suite $700 including utilities (vacant), Bachelors suite $500.00 plus power and they do yard maintenance. 24HR Minimum notice for showings

116 20TH East Bedrooms:Bathrooms:Sqft:SP:Built:


31816$195,0001952


Mint 2+1 bedroom bungalow in great East Hill area 1 block from Elks Park. Lots of original hardwood floors and wood work around doors, windows and baseboards. Completely remodelled kitchen with new cabinets, counter top, fixtures, ceramic tile flooring etc. and completely upgraded bathroom. All work done in 2011. Most windows replaced up and down with PVC windows. Facia and soffits replaced, wiring updated and extra attic insulation. Huge back deck overlooking large mature lot and detached single car garage. A very cozy home in move in condition. New water heater in 2012. New shingles on house and garage in 2006. New Eavestrough in 2014. Average Energy-$90.00/mth




November 06, 2014



32792$195,0001962


792 square foot bungalow located in fantastic East Hill neighbourhood. Many windows offer lots of natural light. Eat-in kitchen with pantry. Two bedrooms plus full bath on main level. Additional bedroom and two piece bath downstairs. Covered deck off back entrance. Large 67’ x 120’ lot. Oversized double detached garage. Refrigerator, stove, washer & dryer are included. Some upgrades in 2012 including new flooring in kitchen, living room and both bathrooms; kitchen countertop; downstairs bathroom vanity; shower & surround in main bath. New water heater in March 2013. Seller is a licenced REALTOR®.



311,238$195,0001912


Charming 2 storey East Hill character home. This 3 bedroom home features spacious entry & formal dining room. Upgraded laminate floors, spray foam insulated basement & attic 2014. Shingles, soffits & eaves troughs replaced 2011 & siding in 2014. Tiered deck & fully fenced yard. Large parking space with plenty of room to build a garage. Only 2 blocks from Kinsmen Park, water slides, Vincent Massey School & grocery store. Perfect starter home. A must see!



Others Listing Details

November 06, 2014



421,104

4961

CONDITIONAL SALE09/08/2014P1 Prince Albert$219,90009/08/201459

Spacious 3+1 bedroom bungalow with loads of upgrades including new birch flooring & exterior doors new in 2008, metal roof in '09, windows new in '08, fence painted in '14, re-done kitchen cabinets & new counter top in '08, both bathrooms done in 2011, furnace new in '08. Large rec. room in basement. Huge fenced back yard with large 28 X 12 deck. Open floor plan. Great family home in move-in condition. R50 insulated attic. Average energy $60.00. Average Power $53.00


Table Summary of Comparable SoldsThis page summarizes the comparable sold listings in this market analysis.

November 06, 2014

Address List Price

SOLD ListingsSale Price

$ ChangeList Price to Sold Price Sold Date DOM

% ChangeList Price toSold Price

East 22Nd Street $189,900 $182,000 $-7,900 12/20/2013 66-4.16East 26Th Street $189,900 $182,000 $-7,900 11/27/2013 30-4.16East 21St Street $199,900 $182,000 $-17,900 06/17/2014 40-8.95East 26Th Street $194,900 $185,000 $-9,900 04/09/2014 30-5.08East 20Th Street $189,900 $185,000 $-4,900 09/19/2014 18-2.58East 22Nd Street $203,500 $192,000 $-11,500 11/26/2013 77-5.65East 20Th Street $204,900 $195,000 $-9,900 05/23/2014 36-4.83East 25Th Street $209,900 $195,000 $-14,900 05/23/2014 7-7.10East 26Th Street $209,900 $195,000 $-14,900 10/20/2014 19-7.10East 27Th Street $199,900 $199,900 $0 01/24/2014 19 0.00

AverageMedianMinimumMaximum

$199,260$199,900$189,900$209,900

$189,290$188,500$182,000$199,900

$-9,970$-9,900

$0

34 30 7 77

-4.96-4.96

0.00-8.95$-17,900


November 06, 2014

Market Analysis ExplanationThis is an explanation and overview of this market analysis.

This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear.

This market analysis is divided into two categories:

1. Comparable homes that are currently for sale2. Comparable homes that were recently sold

Looking at similar homes that are currently offered for sale, we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home.

Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.

This Comparative Market Analysis has been carefully prepared for you, analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.


November 06, 2014

The Importance of PricingThis chart highlights the importance of pricing correctly at market value.

This graph illustrates the importance of pricing correctly. The centerline represents market value. As you move above this market value, you attract much smaller percentage of prospective buyers, greatly reducing your chances of a sale. Conversely, as you move below market value, you attract a much larger percentage of potential buyers.


November 06, 2014

Activity vs. TimingThis chart highlights the importance of pricing correctly at market value.

This chart illustrates the level of excitement and interest in a new listing over time. It

also demonstrates the importance of pricing correctly. When a property is first listed,

it generates a very high level of interest from prospective buyers, which reduces

dramatically over time. It is important to be priced correctly from the beginning,

during the peak of this curve.


November 06, 2014

The Effect of Over PricingThis chart highlights the importance of pricing correctly at market value.

This is the average percentage difference between the Selling and Asking Price by the length of time the home was on the market.

- Put your best foot forward immediately- Establish a competitive asking price- Keep your home in top showing condition- Offer favorable financing terms


November 06, 2014

Setting the PriceThis chart highlights the importance of pricing correctly at market value.

When setting a price for your property, the listing

level must strike a balance between the seller’s need

to achieve the best-possible return and the buyer’s

need to get good value. With many years of

experience, a professional Real Estate Agent can help

you set a price that will accomplish both objectives.

Establishing market value

The market value of your property is determined in

exactly the same way as any other commodity – what

a buyer is willing to pay for it in today’s market.

Despite the price you paid originally, or the value of

any improvements you may have made, the value is

determined by market forces.

Look at the competition

Buyers look at about a dozen properties on average

before making an offer on a property. As a result, they

have a good overview of the market and will compare

your property against the competition. If it’s not in

line with similar properties that are available, buyers

won’t consider it good value for money.


November 06, 2014

The Pitfalls of OverpricingThis chart highlights the importance of pricing correctly at market value.

Overpricing your house in

the belief that you can

reduce the price back later

is a strategy that can

backfire badly. For

example, by the time you

reduce your price, you may

miss out on a surge of

interest in properties like

yours. Also, if prices are

lowered, buyers may

wonder if there’s

something wrong with the

property that kept other

buyers away. So to keep

from selling your property

at below market value and

from wasting valuable

time, don’t fall into the

overpricing trap.


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Documents

582 23rd st east