Royal LePage Q1-07 House Price Survey released this morning. SASKATCHEWAN, March 29, 2007 – Strong in-migration and high levels of consumer confidence led to unprecedented levels of demand in Saskatchewan in the first quarter, causing average house prices to rise by double-digits in all surveyed housing categories, according to a report released today by Royal [...]
A full 53% of all residential sales reported to the Saskatoon real estate board for the week of March 19-23 sold above the asking price, with an average over bid of $14,456. Once again, average selling prices exceeded average asking prices in all major Saskatoon real estate districts, except area 4, where the average selling [...]
I met with one of my newer agents the other day to review an offer he had written for one of our clients. The offer was beautifully prepared and technically perfect. The buyer had left no doubt that they wanted this house offering a full $20,000 above the asking price. It was Tuesday. The seller [...]
Providing analysis of what has happened in the Saskatoon real estate market takes a lot of work, but reviewing statistics and crunching numbers normally produces a pretty accurate result. Predicting the future of a market is much simpler. You review what’s been happening lately, evaluate factors which may impact the market, fill your press release [...]
Saskatoon home buyers found little relief from pressured prices this past week. While the percentage of homes which sold at or above their list price declined from 70% to 61%, the average overbid in instances where homes sold over list price increased to $14,155 from $12,144 the week before. Area 4 had the lowest percentage [...]
It’s easy to get swept up in the excitement of this booming real estate market. If you’re not careful, you can miss some really important stuff. Some people are really hurting. He’s here. She’s there, with the kids. They can’t find a home, but they have to be out of the one they currently own [...]
Spring is in the air, and Saskatoon home buyers are definitely taking their real estate seriously this year. Average days on the market fell sharply from 26 days in January to just 20 days in February. Many of the better homes and condos were sold in bidding wars and by month end over 50% of [...]
The front page of today’s Star Phoenix says, “Tenants feel pinch: Heated market driving increases in rental charges.” The story references the predicament of a Saskatoon woman, Marilyn LePage who faces her third rent increase in the last twelve months. She has written a letter to city council asking, “What can be done to keep [...]
The Saskatoon real estate market continued at a frenzied pace with average sale prices exceeding average asking prices in every area of the city. A full 70% of the 82 residential sales reported to the Saskatoon Multiple Listing Service® sold either at or above the asking price. The average “overbid” which was recorded in instances [...]
I really got a chuckle out of this story and couldn’t resist sharing it. It seems that a British Columbia woman has been sentenced to serve two years of probation in Saskatoon after she pleaded guilty to seven counts each of credit card fraud and possessing stolen credit card data, one count of theft under [...]
Canada Mortgage and Housing Corporation (CHMC) is predicting that the price of resale homes in Saskatoon will continue to rise through 2008. Citing lower inventory levels, an increase in demand, and low mortgage rates CMHC expects to see the Saskatoon resale real estate market maintain a “brisk pace” through 2007 and 2008. According to the [...]
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