The real estate market in Lloydminster continues to show unique trends as we move into the spring season. Let’s break down the latest data and key insights for the week of March 24 - March 30, 2025.

Active Listings: All-Time Low of 99 Homes on the Market

This week, there are only 99 active listings in Lloydminster, marking an all-time low. This is a significant shift from past weeks and highlights just how tight the inventory has become. With limited options, buyers are facing increased competition for the properties that are available.

Properties Sold: Strong Activity, Despite Longer Days on Market

In total, 11 homes were sold this week. The average sold price was $386,007, and homes sold for 97.98% of the list price on average. While it might seem like the market is slowing down, the reality is that properties that have been on the market for 200+ days are finally seeing offers due to the low inventory. This is leading to an increase in days on market (DOM), which was at an average of 131 days for the sold properties.

Pending Listings: High Demand with 18 Properties Under Contract

With 18 homes pending, it’s clear that there’s strong buyer demand in the current market. The average list price for these pending properties is $328,129, and they have been on the market for an average of 67 days. This shows that buyers are actively making decisions, and sellers are still seeing movement on their listings.

What Does This Mean for Sellers and Buyers?

For sellers, now is a fantastic time to list your property. With such low inventory, there’s less competition, and buyers are actively looking for homes in Lloydminster. However, it's also important to note that we are seeing a greater range in the days properties are staying on the market. Homes that have been on the market for over 200 days are finally closing, meaning buyers are still making decisions even on older listings.

For buyers, it’s crucial to move quickly in this market. The competition is fierce, and with fewer options available, properties that meet your needs might not last long.

The Need for More Listings

The key takeaway from the current market data is clear: we need more listings. Whether you have a single-family home, an acreage, or a condominium, now is the time to get your property on the market. With the inventory at such a low point, you have the opportunity to get great offers for your property.

Summary of Key Stats:

• Active Listings: 99

• Sold Properties: 11

  • Average Sold Price: $386,007

  • Days on Market (DOM): 131

• Pending Listings: 18

  • Average List Price: $328,129

  • Days on Market (DOM): 67

• All Listings: 128

  • Average Price: $419,573

  • Days on Market (DOM): 88

If you’re thinking of buying or selling, now is the time to act! Let’s talk about your real estate goals.

Harpreet Christie, Owner/REALTOR®️
RE?MAX LLOYDMINSTER
📱 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 BorderCityRealEstate.com

#LloydminsterRealEstate #RealEstateMarketUpdate #LowInventory #SellingHomes #LloydminsterRealEstate

Hi Everyone,

The numbers are in for February, and Lloydminster is still in a strong seller’s market! With only 109 active listings and 38 properties sold, demand is high, and we need more listings.

💰 Average Sold Price: $290,322
📈 Average Sale-to-List Price Ratio: 96.7% (Most homes are selling close to asking!)
🏡 Average Days on Market: 82

If you’ve been thinking about selling, now is the time! Buyers are actively looking, and homes are moving quickly.

Let’s chat about what your home is worth in this market!

📞 Harpreet Christie, OWNER/REALTOR®️ RE/MAX Lloydminster
📲 780-205-7653

Why Well-Meaning Advice Can Lead You Astray in Real Estate

When it comes to big decisions like buying or selling a home, it’s natural to turn to your loved ones for advice. After all, they mean well and want the best for you! But unfortunately, there’s a real danger of family and friends giving you bad advice on real estate.

Your loved ones want to help, but their advice is often based on their own experiences. While their advice might have worked for them, it may not align with your current financial situation, goals, or the realities of today’s real estate market.

For example, they might tell you to look for a “fixer-upper” because it worked out for them 20 years ago. But if you don’t have the time or budget for major renovations, following their advice could leave you feeling overwhelmed and financially strained.

The Risk of Misguided Advice

One major reason advice from loved ones can lead you wrong is because they’re in a different financial position or life stage than you. What’s realistic for them might not be for you, and following their advice without considering your own financial situation can lead to overextending yourself or settling for less than you deserve.

Taking advice from people who aren’t in your specific situation can result in some big mistakes, like:

• Overextending yourself financially

• Choosing a home that doesn’t meet your needs

• Missing out on opportunities because you’re too focused on advice that doesn’t apply to your situation

When it comes to real estate, the stakes are high, and mistakes can be expensive.

Trust the Right Expert: Your Real Estate Agent

The best person to rely on for advice isn’t your friends or family, no matter how much they want the best for you. Instead, it’s safest to get your real estate advice from a professional: your real estate agent!

Your agent understands local market trends, knows how to navigate the complexities of buying or selling a home, and most importantly, will tailor their advice to your unique situation.

Your agent will work with you to understand your financial position, life stage, and goals, ensuring you make informed decisions that align with your priorities.

While it’s great to seek input from those you trust, remember that their advice isn’t one-size-fits-all. Instead, avoid taking bad advice, even if it’s well-meaning, and get guidance from your real estate agent!

Ready to Make the Best Decisions for Your Real Estate Journey?

Let’s chat about how you can navigate the process with confidence!

Harpreet Christie, OWNER/REALTOR®️
📞 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 BordercityRealEstate.com

One of the most important decisions you’ll make when selling your home is how much to list it for. While it seems simple, your home’s listing price can make or break your sale. Selling your home is one of the biggest financial transactions you’ll make, and setting the wrong price could mean losing out on thousands of dollars in potential profit. 

If you price your home too high, buyers will be scared off, which can make your home sit on the market for weeks or even months. The longer it stagnates, the more buyers start to wonder if something is wrong with it. You may eventually have to lower the price just to attract attention, which you definitely want to avoid!

On the other hand, pricing too low might help your home sell quickly, but it can leave you wondering how much money you left on the table. 

Sometimes, sellers will rely on their “gut feelings” when choosing a listing price, but it can often lead to a lot of money left behind. Whether it’s pricing too high because you’re emotionally attached to your home, or too low because you’re eager to sell quickly, improper pricing can cost you big time!

How do you avoid these pricing pitfalls? The key is to work with an experienced real estate agent who understands your local market and uses strategy, not gut feelings, to price your home!

When recommending a listing price for your home, your agent will analyze factors like:

• Comparable Sales: Looking at recently sold homes in your area similar to yours to see what buyers are willing to pay.

• Market Trends: Understanding whether your local market favours buyers or sellers.

• Buyer Demand: Gauging the number of active buyers in the market and their willingness to pay top dollar.

• The Economy: Considering both local and national economic factors that influence the real estate market.

Using this data-driven approach, your agent will help you determine the best price to list your home that will attract the most buyers, sell your home quickly, and maximize your profit.

By setting the right price from the start, you’ll be in the best position to achieve your real estate goals without stress or regret. 

Ready to Price Your Home Perfectly? Let’s chat about how to position your home for a successful sale!

Harpreet Christie, OWNER/REALTOR®️
📞 780-205-7653
📧 harpreet@bordercityrealestate.com
🌐 BordercityRealEstate.com

Grateful. Honoured. Inspired.

Last week, I received this incredible letter recognizing my 25-year journey with RE/MAX—a milestone that represents years of dedication, passion, and commitment to my clients and community.

Real estate isn’t just about buying and selling homes; it’s about building relationships, creating opportunities, and making a lasting impact. I’m beyond thankful for the trust my clients have placed in me and for the support of an amazing network that has helped me grow along the way.

Here’s to the next chapter, new opportunities, and continuing to serve with the same dedication that got me here!

If you’re thinking about buying or selling, let’s connect.

Harpreet Christie, Owner/REALTOR®️

780-205-7653harpreet@bordercityrealestate.com

BordercityRealEstate.com

#LloydminsterRemax #Remax #RemaxRealEstate #RemaxAgent #RealEstateWithRemax #YourLocalRealtor

The new year has kicked off with a tight market in Lloydminster, with inventory levels remaining very low. If you’re thinking about selling, this could be your opportunity! Let’s break down the latest stats for January 2025.

📊 Market Snapshot

• Active Listings: 102

• Homes Sold: 33

• Pending Sales: 10 (estimate based on trends)

• Average Sold Price: $254,082

• Average Days on Market: 92

• Average Sale-to-List Price Ratio: 93.45%

🏡 What’s Happening in the Market?

With only 102 active listings, buyers are competing for available homes. The average home is selling in 92 days, and sellers are getting about 93.45% of their asking price. Well-priced homes are moving fast, and with low inventory, sellers have the upper hand.

For buyers, this is a market where acting quickly matters. If you find a home that fits your needs, waiting too long could mean missing out.

💡 What This Means for You

✅ Sellers: If you’re thinking about listing, now is the time! With fewer homes available, you have less competition.

✅ Buyers: Be prepared to move fast and work with an experienced agent to navigate this competitive market.

If you want a personalized strategy for buying or selling, let’s talk!

📞 Harpreet Christie, OWNER/REALTOR®️

📲 780-205-7653

📧 harpreet@bordercityrealestate.com

🌐 BorderCityRealEstate.com

#Lloydminster #LloydminsterRealEstate #MarketUpdate #YLL #BorderCityLiving #RealEstateCanada #LloydminsterHomes

Spring is just around the corner, and it’s shaping up to be a hot season for Lloydminster’s real estate market. If you’re thinking about selling your home, now’s the time to get ready. Here are five key steps to help you prepare:\

1. Get a Competitive Market Analysis (CMA): A CMA provides insight into what similar homes in Lloydminster are selling for, helping you set a competitive price. This ensures your home sells quickly and at the best possible price. Given that the average house price in Lloydminster was $262,150 as of January 2025, understanding current market trends is crucial. 

2. Declutter and Depersonalize: Spend some time clearing out personal items like family photos and unnecessary belongings. This creates a neutral space where potential buyers can envision themselves living.

3. Deep Clean and Make Repairs: After decluttering, give your home a thorough cleaning, focusing on areas like baseboards, windowsills, and light fixtures. Address minor repairs such as leaky faucets or chipped paint to present a well-maintained, move-in-ready home.

4. Boost Your Curb Appeal: First impressions matter. Enhance your home’s exterior by tidying up the landscaping and adding welcoming touches like a new doormat or potted plants. These small improvements can significantly impact a buyer’s perception.

5. Partner with a Knowledgeable Real Estate Agent: An experienced agent can guide you through the selling process, from marketing your home to negotiating offers, ensuring you get the best deal.

By taking these steps now, you’ll be well-prepared for a successful sale this spring. Ready to get started? Reach out to discuss how to make the most of this spring’s market.

Harpreet Christie, OWNER/REALTOR®️

RE/MAX of Lloydminster

780-205-7653

harpreet@bordercityrealestate.com

BordercityRealEstate.com

Buying a home in Lloydminster is an exciting step for couples, but it’s essential to be aligned from the start. Misunderstandings about expectations, finances, or future plans can lead to frustration later. Taking time to answer a few key questions upfront can set you up for success.

Here are 10 important questions to discuss before you start house hunting:

1️⃣ Forever home or starter home?

2️⃣ Must-haves vs. nice-to-haves?

3️⃣ Fixer-upper or move-in ready? How much work are we open to?

4️⃣ What changes do we expect in our finances over 5–10 years?

5️⃣ How involved will family or parents be in this process?

6️⃣ What life changes do we anticipate in the next 5–10 years?

7️⃣ Could we still manage the mortgage if one of us lost our job?

8️⃣ How much of our income are we comfortable putting toward a mortgage?

9️⃣ How much outdoor space do we want, and are we ready to maintain it?

🔟 What’s our ideal timeline for buying?

For couples who aren’t married, here are two more critical questions:

👉 What happens to the house if we break up?

👉 Do we need a legal agreement, or will a verbal one suffice?

Discussing these points early can save you time, stress, and potential disagreements down the road.

💬 Ready to take the next step? Let’s work together to find a home you’ll both love in Lloydminster!

Harpreet Christie, Owner/REALTOR®️

RE/MAX of Lloydminster

📞 780-205-7653

🌐 BordercityRealEstate.com

Did you know that a staggering 37% of home purchases fall through due to repair issues? (Source: National Association of Realtors) 

Don't let your home sale become one of these statistics! It can be endlessly frustrating for sellers to spend time and money preparing their homes for sale, only to have a deal fall through because of unforeseen repairs.

Luckily, this situation can be easily avoided by doing a pre-listing inspection. This is a wise investment that can save you time, money, and stress. By getting a pre-listing inspection, you can catch any hidden problems that could doom a purchase contract and avoid surprises when the buyers do their inspection.

With the results of your pre-listing inspection, you’ll be able to address repairs proactively and get them taken care of before listing. This can also help you price your home accurately and generate more buyer demand. 

But what if your pre-listing inspection report turns up several problems and you don’t know where to start? Prioritize repairs that will have the biggest impact on your home's value and appeal. Take a look at these factors when deciding which repairs to make:

• Safety Issues: Address any safety hazards, such as faulty wiring or gas leaks, before anything else.

• Structural Issues: Fix any structural problems, like foundation cracks or roof leaks. If the issue is extensive or far-reaching, work with your real estate agent to decide your next steps.

• Cosmetic Issues: Repair any obvious cosmetic flaws, such as chipped paint or outdated fixtures.

Remember, honesty and transparency are key to a successful home sale. Disclosing any known issues will help you build trust with buyers and ensure a smoother closing process. By being upfront about the condition of your home and remaining repairs, you can avoid future complications and potential lawsuits.

Want to learn more about preparing your home for sale? Feel free to reach out to me anytime 780-205-7653.

Here’s your weekly update on the Lloydminster real estate market:

🏘️ Active Listings: 140

• Average Sold Price: $231,050

• Average Days on Market: 53

• Pending/Under Contract: 7

• Homes Sold This Week: 4

Market Highlights:

• Active Listings: With only 140 properties actively listed, inventory remains on the lower side, creating a competitive market for both buyers and sellers. The average home features 4 bedrooms and 2 baths, with prices averaging around $349,880.

• Sold Properties: 4 homes sold this week, with prices ranging from $125,000 to $485,000. This indicates there are still great deals and demand across different price points.

• Days on Market: The average time for properties to sell is 53 days, which shows that buyers are making decisions quicker in today’s market.

• Pending Sales: There are 7 homes currently pending, showing continued buyer interest and a steady pace of transactions.

The Lloydminster real estate market is showing strong buyer activity despite lower inventory levels. If you’re considering buying or selling, now might be the perfect time to take action!

For more info or personalized advice, reach out today!

📞 Harpreet Christie, REALTOR®️/OWNER

📲 780-205-7653

✉️ harpreet@bordercityrealestate.com

🌐 http://BordercityRealEstate.com

#LloydminsterRealEstate #MarketUpdate #HomeSales #RealEstateNews

Many people think that buying a home in the winter is a bad idea. But that’s not the case! While the spring and summer months do tend to have more activity, winter can be a surprisingly advantageous time to purchase a home. 

Here are three big reasons why you should consider buying a home in the winter: 

1. Less Competition: Many buyers believe the myth that winter is a bad time to buy a home. Add this to the hustle and bustle of the holidays plus cooler temperatures, and you’ll see fewer buyers on the hunt for a home during the colder months. This is great news for you as a buyer because the competition will decrease, which will let you take your time during the home search. 

Additionally, because fewer buyers are on the market, you’ll have more leverage to negotiate a better deal with sellers.

2. Motivated Sellers: Most sellers who list their homes in the winter are motivated to sell. They may be relocating for a job or are just looking for a fast sale. This benefits buyers because motivated sellers usually offer more flexible terms during negotiations and may be easier to negotiate down on price. Sellers who need a fast sale may also offer incentives for the right buyer. 

3. Better Showings: Touring homes during the winter months comes with several distinct advantages. First, due to fewer competing buyers, winter showings can be less crowded, which can allow you to focus on the property and really get a feel for it.

You’ll also be able to see how the property handles the winter weather. This can help you pinpoint any issues (like drafts or heating problems) that you wouldn’t be able to see in the summer. By identifying these problems early on, you can make more informed decisions and negotiate accordingly.

If you’ve found yourself hunting for homes this winter, rest assured that you’re not missing out on the “summer market”! Because of these benefits, winter provides the perfect opportunity to find a great home at a competitive price and enjoy a smooth closing process.

Ready to go see some homes? Let’s connect!

Here’s the latest scoop on the Lloydminster real estate market for the week:

🏘️ Active Listings: 141

• Homes Sold This Week: 14

• Average Sold Price: $379,955

• Average Days on Market: 65

• Pending/Under Contract: 3

Market Highlights:

• Active Listings: Listings have increased slightly, now sitting at 141 active properties. Homes are priced in a range from $39,900 to $1,149,900, with an average list price of $364,261.

• Sales Surge: Sales have picked up this week with 14 homes sold. The average sold price was $379,955, showing that buyers are engaging more as the market stays competitive.

• Days on Market: Properties are selling in an average of 65 days, down from previous weeks. This indicates quicker sales and growing buyer interest.

As we head into the final months of the year, we’re seeing a slight increase in listings and a boost in sales. With the market still moving quickly, it’s a great time for both buyers and sellers to make a move!

For more details or personal insights, feel free to reach out!