Saskatoon real estate market continues at record pace
The Saskatoon Real Estate market continued to move at a “faster than normal rate” with buyer demand outweighing supply of good quality residential listings. The month of October saw resale activity reach 303 units, an increase of 26% as compared to October of 2005. Dollar volume soared close to 50% as compared to the same period in 2005 to close the month at $64,875,357.00. Average selling prices continued to rise. Saskatoon homes brought an average price of $166,766 in October, which represents an increase of 19% over October sales in 2005. A larger than normal number of sales in the luxury category skewed those numbers to some extent. Overall, average selling prices are up 11% taking sales activity in all categories and through out the year into account.
The current state of active listings, combined with steady demand leads me to believe that we will continue to see upward pressure on home prices into the early winter months.
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
2 comments so far. We'd love to hear your thoughts.
April 3rd, 2009 at 11:26 AM
Norm, That is an awesome job youv’e done with Point2 blog already. I’ve been using WordPress for my main blog site…and I’m very impressed with our capabilities we have with this blog software. Could you possibly write a post on your blog here or at least on our Point2 threads about 1) how you were able to load pictures onto your blog 2) how did you get your pics to have that shadow affect. Love to hear the steps you used. Thanks in advance. Between your blog and Jay Thompson’s new blog…I think the Point2 community will learn a lot.
April 3rd, 2009 at 11:27 AM
Hi Jerry, Thanks very much for the kind feedback. I have been working at it to try to build some content and having a lot of fun. I will drop a note on the forum to explain how to add images to a post. Give me a day or two on the shadow effect thing. I do have some experience with photoshop and I plan to create some video tutorials for real estate professionals with some tips on improving images. The shadow effect will be one of the first and it’s very easy to do in photoshop or photoshop elements. I’ll give you a heads up when that’s done.