Saskatoon home sales surpass 2008 levels in 2009: SRAR
The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for December 2009 today, accompanied by this release.
In the month of December Saskatoon REALTORS® assisted 211 buyers to fulfill their home ownership dreams, this number up 31% from December 2008 when 161 homes were purchased. Year to date 3,822 residential units have been sold, up 9% from 2008 when 3,520 homes were sold by this same time.
The average residential selling price remained steady at $291,554, up 9% from December 2008 when it was $266,420. Year to date, the average selling price was $ 278,779, down 3% from 2008.
In 2009 REALTORS® sold $1,065,500,000 worth of residential real estate in Saskatoon. This number represents an increase of 5% from 2008 when sales totaled $1,013,117,000. The highest amount of activity in 2009 was in $300,000 to $350,000 price range followed by significant activity in the $275,000 to $300,000 price range.
Listing inventory continued to correct throughout 2009. Home buyers had 703 homes to select from at the end of December as compared to 1,127 in December 2008. REALTORS® listed 212 properties last month, down 13% from December 2008 when 245 homes were placed on the market.
Sales activity in communities surrounding Saskatoon was also very high during 2009. 47 properties were purchased in December, up 68% from December 2008 when 28 properties were purchased. Year to date 951 properties have been sold, up 9% from 2008 when 869 properties were sold. The average selling price was $258,996, up 15% from 2008 when the average price was $224,421.
At year-end consumer confidence in the local economy remains optimistic, a necessary component for consumer spending. All indicators point to a stable, steady real estate market in 2010. Unknown variables capable of affecting the market place are provincial revenue streams.
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.
Norm Fisher
Royal LePage Saskatoon Real Estate
5 comments so far. We'd love to hear your thoughts.
January 6th, 2010 at 1:26 PM
Wasn’t 2008 a really bad year for housing sales?
January 8th, 2010 at 6:52 AM
Sorry for the delay Jordan. This is a reasonable question. Your comments get stuck in my spam trap with the other people who comment from the same IP address, all of which use a similar email address, have a very similar outlook but different posting names. I think it thinks you are the same person attempting to come off as several people.
2008 was not “a really bad year for housing sales,” unless you feel that 2007 should be the benchmark for all of the years that follow. Looked at over a five year period, 2008 would be the second best of five in terms of units sales.
2008 – 3520
2007 – 4443
2006 – 3430
2005 – 3246
2004 – 2999
January 11th, 2010 at 4:35 PM
I have to say, knowing that you are tracking emails and IPs of various bloggers seems a bit like an invasion of privacy! Helps to use the U of S computers.
January 11th, 2010 at 6:27 PM
LawTalking*Girl*
I assure that Norm is not tracking these things himself (In case you’re wondering, I’m his assistant, which is why I’m responding). With the amount of spam that occurs these days the inner workings of the blog is simply set to monitor any IP’s/e-mails that show up “too” frequently as a measure of reducing spam.
Hope this eases your mind.
January 16th, 2010 at 2:40 PM
Hi LawTalking*Girl*,
Thanks for the feedback. If you don’t mind me asking, are you related to “LawTalkingGuy” who used to visit us from time to time?
I appreciate your concern regarding privacy, and if nothing else, your comment causes me to think about getting our policies visible on the site.
Please note that the name and email fields on our comment form are dumber than a bag of hammers and if anyone is the least bit uncomfortable revealing their identity, fakes will work just fine. To the best of my knowledge, two computers can’t communicate without a sharing of IP addresses and most blogging platforms, like WordPress, log IP addresses with comments. As far as I know, these are only useful in identifying commenters who like to pretend that everyone else agrees with them. For instance, someone says, “prices are really going to go up this year” and then he submits four other comments using different names, agreeing with himself in an attempt to give the impression that his is the popular opinion. “I agree, you better buy now.” This is the kind of stuff that makes us silly angry.
Anyway, thanks again. Our privacy policy is now posted here, and the blog rules are here.
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