Saskatoon real estate: Week in review (December 17-21 2007)
As expected, last week produced fewer new Saskatoon real estate listings than the previous week with just 30 single family homes (houses) and condominiums being offered for sale. Total active listings fell to 430 units from 478 last week and 540 the week before. 211 of those properties are single family homes and 174 are condominiums. I expect that we’ll see a further decline this week as very few new listings are introduced to the market. Still, we should finish the year with more inventory than we had at the close of 2006, when there were only 256 active listings in all of the residential categories.
Home sales held fairly steady, given that it was the last shopping week before Christmas, with 60 properties reported as firm on the Saskatoon multiple listing service. That puts us at 170 transactions for December, already well ahead of the 157 units reported sold in December, 2006.
Overbidding was almost non-existent save two sales, one in area 3 and one in area 4. I believe that this was the only week this year where there were no overbid sales reported on Saskatoon’s east side.
This will be my last post prior to Christmas. I’m looking forward to spending a few days with my family. I’ll be back to post the final weekly review of this year next weekend.
I’d like to say thanks to all of you who drop in to read the latest on the Saskatoon real estate market. It’s been great having the opportunity to share with you and I’ve really appreciated the contributions you’ve made through your comments. I know others have as well. May you have a peaceful and restful holiday.
Merry Christmas, Happy Hanukkah, Joyous Kwanza, or whatever may work for you. J May you have a peaceful and restful holiday spending time doing what you like to do with the people you love.
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.
Follow our daily updates on Twitter @SaskatoonHomes.
Norm Fisher
Royal LePage Saskatoon Real Estate
9 comments so far. We'd love to hear your thoughts.
May 25th, 2009 at 3:47 PM
Norm, thanks for all the work on the blog this year. merry Christmas to you and your family. Hope you have a relaxing and joyous holiday. Same to all the fellow bloggers. I appreciate the time people take to offer their take on the market. Hope for a prosperous new year to everyone!
May the force be with you!
May 25th, 2009 at 3:48 PM
Merry Christmas Norm! Wishing you and yours all the best.
Stay warm up there!
JT
May 25th, 2009 at 3:48 PM
Thanks Jedi! Merry Christmas!
Thanks Jay. Merry Christmas to you and Francy!
May 25th, 2009 at 3:50 PM
Merry Christams Norm, thanks for all the hard work and effort you’ve put into this site over the year. I really appreciate the statistics and comments you provide each week and look forward to your continued posts in the new year! Happy holdays!!
May 25th, 2009 at 3:50 PM
Merry xmas to Norm and all other contributers and readers on this blog
May 25th, 2009 at 3:50 PM
Thanks Mannan. Merry Christmas to you to!
May 25th, 2009 at 3:50 PM
Thanks Doug!
Merry Christmas to you. I appreciate all of the contributions that you’ve made here over the past year.
Best in ’08.
May 25th, 2009 at 3:51 PM
How do you know you truly have teenagers? When you are up before them on Christmas morning!
Merry Christmas Norm, as always, your advice is appreciated.
Michelle
May 25th, 2009 at 3:51 PM
Hi Michelle,
That’s hilarious. I’ve been up since 7:30 and I have strict instructions not to wake anyone before 10.
Have a fun day. Merry Christmas!