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A closer look at the Saskatoon real estate statistics for April 2008

Residential unit sales in Saskatoon fell again in April for the second consecutive month, losing 51 sales in the “home” category, and finishing the month at 390 units, compared to 441 in April 2007. The average selling price of a Saskatoon home (houses and condos only) continued to increase and finished the month at $306,033, up sharply from $287,959 last month. In April of 2007, the average was just $207,436.

The entire drop in unit sales can be found in the single-family home category, which saw sales decline to 261 units, compared to 337 for the same month last year. Prices spiked 40% from $234,406 last April, to $328,798 this year, but there was little change over last month when Saskatoon single-family house sales averaged $326,633. While the average selling price was up a little more than $2,000, Saskatoon home buyers got a little more house for their dollar, paying $276 per square foot, compared to $279 per square foot in March.

Condominium sales actually increased over last year with 129 units trading hands, compared to 104 during April 2007. Average prices took a huge jump when compared to March ($219,173) but experienced smaller year over year gains (compared to houses) of 34%. The average price per square foot increased to $261 in April from $242 in March.

See a Google map displaying the boundaries of Saskatoon real estate “areas” here
Data collection and calculation for our statistical reports

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

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Norm Fisher
Royal LePage Saskatoon Real Estate