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Saskatoon MLS listings hit record low

I just ran a search of active listings on the Saskatoon Real Estate Board’s MLS ® service. This morning, there are a total of 256 active listings including single-family homes and condominiums within the Saskatoon city limits.

Area 1 – East of Circle Drive East – 57 listings.

Area 2 – West of Circle Drive East to the river’s edge – 52 listings.

Area 3 – Downtown Saskatoon to the far North end – 28 listings.

Area 4 – Idylwyld Drive to Circle Drive West – 103 listings.

Area 5 – Circle Drive West to the West edge of Saskatoon – 16 listings.

I’m going to guess that some 40% of these listings are under contract, leaving approximately 150 homes available to be purchased. I have never seen such low levels of inventory in the 14 years I’ve been in the real estate business. Last year, at this time we had around 500 properties for sale.

This is bad news for buyers and much better news for sellers. If you’re planning on offering your Saskatoon home for sale, don’t waste a minute getting it to the market. You have a golden opportunity to break some price records, I would think.

Also read, Lack of Residential Building Lots Pressures Saskatoon Real Estate Market

and I’m Bullish on Saskatoon Real Estate for 2007.

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