Highlights from CREA’s release

• Home sales up 0.8% from March to April.
• Actual (not seasonally adjusted) activity stood 11.5% above levels in April 2011.
• The size of the year-over-year increase reflects a slowdown in sales last April following changes to mortgage rules which came into effect on March 18, 2011.
• The number of newly listed homes edged back 0.2% from March to April.
• While still well balanced, the combination of stable new listings and slightly higher sales activity resulted in a tighter national housing market.
• The national average home price edged up 0.9% on a year-over-year basis in April.

Read the complete release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

The number of listings increased in April, which is typical of the spring market. “Even though the Saskatoon market saw a 20% increase in the number of sales in April compared to April of 2011, a 15% increase in the number of listings year-over-year helped to keep the market in balanced territory,” according to Jason Yochim, Executive Officer of the Saskatoon Region Association of REALTORS® (SRAR). The sale-to-listing ratio is a good indicator of the balance between buyers and sellers. A current ratio of 56% indicates that slightly more than one out of two houses listed are selling. “By comparison, at this same time in April of 2007 the sales to listing ratio was at 90% which helped fuel a significant increase in prices in Saskatoon,” says Yochim.

Year-to-date, sales in the price range between $200,000 and $300,000 were down 3% compared to last year while sales in the $300,000 to $500,000 price range were up 34%. “There is still healthy activity over $300,000 with a good supply of product, however the selection is tighter in the $250,000 to $350,000 range.”

The total residential volume year to date was $555,154,716, up 25% when compared to this time last year. In April, the average price of a home in Saskatoon was $341,486 while the median price was $335,000.

The average sale price is determined by dividing the total dollar volume of sales by the total number of units sold across the Saskatoon market while the median price is determined using the mid-point of all sales listed. “It is important to remember that these numbers should not be applied to a specific style of home in a specific neighborhood. If a consumer is interested in data more specific to their situation it is advisable to contact a professional REALTOR® for an accurate determination of price,” Yochim summarized.

Jason Yochim
Executive Officer
Saskatoon Region Association of REALTORS®

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

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Norm Fisher
Royal LePage Saskatoon Real Estate

Highlights from CREA’s release

• Home sales rose 2.5% from February to March.
• Actual (not seasonally adjusted) activity stood 1.6% above levels in March 2011, the smallest year-over-year increase since last April.
• The number of newly listed homes eased 0.3% from February to March.
• While still well balanced, the national housing market tightened due to the rise in activity.
• The national average home price edged down 0.5% on a year-over-year basis in March.

Read the complete release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

“The Saskatoon marketplace experienced a 14 percent increase in the number of sales, year-to-date, when compared to the first quarter of 2011,” reports Jason Yochim, Executive Officer of the Saskatoon Region Association of REALTORS® (SRAR) today.  At the same time, the number of new listings was down 2 percent year-to-date when compared to 2011. “The total number of listings available in Saskatoon at the end of March was 1053, a decrease of 166 units from the same time a year ago.”

“Sales in all price ranges were strong with the greatest activity occurring in homes priced over $350,000 where sales were up 140 percent year-to-date over 2011. Sales in the $450,000 to $500,000 price range increased 243 percent compared to last March,” said Yochim. “The average year-to-date sale price in Saskatoon continues to rise, increasing by 9 percent to $318,946 while the median sale price was $309,900.”

The market continues to remain in balanced territory in Saskatoon with a sales-to-listing ratio of 54 percent, according to Yochim, “Although the market is in balanced territory, the strong demand for housing is putting upward pressure on pricing. This increase in the average sale price should remain in the 5 – 10 percent range as we approach spring when we traditionally see an increase in the number of listings,” Yochim summarized.

Jason Yochim
Executive Officer
Saskatoon Region Association of REALTORS®

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

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Norm Fisher
Royal LePage Saskatoon Real Estate

Highlights from CREA’s release

• Home sales rose 1.4% from January to February.
• Actual (not seasonally adjusted) activity was up 8.6% from February 2011 levels.
• The number of newly listed homes climbed 1.9% from January to February.
• The national sales-to-new listings ratio was little changed, remaining firmly in balanced territory.
• The national average home price advanced 2.0% on a year-over-year basis in February.

Read the complete release here.
See also Saskatoon real estate market shows no signs of slowing in February, 2012: SRAR.

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

“The real estate market in the Saskatoon area is showing no sign of slowing down,” reports Jason Yochim, Executive Officer of the Saskatoon Region Association of REALTORS® (SRAR) today. Year to date residential sales dollar volume of $180,802,565 is up a whopping 30% over 2011.

“Buyers continued to be active in the market place with sales outpacing the number of new listings (percentage increase),” said Yochim. “Unit sales, year to date, are up 21 percent while the number of units listed is up only 2 percent. This resulted in an increase of 7 percent in the average sale price to $313,893 compared with $292,510 last year”

For the number of units sold year to date, there was a 41 percent increase in homes priced between $300,000 and $500,000. Properties located west of the river enjoyed the highest average sale price increase at 12 percent.

Yochim concluded that Saskatoon continues to enjoy a balanced market with a sales to listing ratio of 52 percent. “This means that one out of every two homes listed are selling. However, if the number of sales continues to outpace new listings, we will lean more towards a seller’s market.” Economic growth, coupled with a supply imbalance, will continue to mean this is a good time for homeowners to consider capturing more equity from their properties. “Now is definitely a good time to put your home up for sale,” Yochim summarized.

Jason Yochim
Executive Officer
Saskatoon Region Association of REALTORS®

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

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Highlights from CREA’s release

• Home sales were down 4.5% from December to January.
• Actual (not seasonally adjusted) activity came in 4.0% above levels in January 2011, and stood even with the 5 and 10 year averages for January sales.
• The number of newly listed homes edged down 1.4% from December to January.
• With sales down by more than new listings, the national market shifted further into balanced territory.
• The national average home price was up less than 2% year-over-year in January, ranking it among the smallest increases of the past year.

Read the complete release here.
See also 2012 begins as a seller’s market for Saskatoon homes: SRAR.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

In 2012 we are starting out with a market that favors sellers. The number of residential properties listed in Saskatoon was 528 units, down only 1% from last January while the MLS® sales were up 20% to 310 units (247 units within the city limits, an increase of 27% compared to January 2010). This resulted in an increase in the average selling price of 6% to $318,163. There were a total of 951 active listings for January 2012, which was also down 1% from last January.

The $300,000 to $349,999 price range recorded the most sales at 68 units, an increase of 51% from 45 units in January 2011. The highest average sale price of $377,757 remains in the neighborhoods on the far East side of Saskatoon, which also has the most active listings and units sold.

Activity was slower in the areas surrounding Saskatoon. There were only 185 residential properties listed compared to 213 properties in January 2011 for a decrease of 13%. The number of sales was down 26% from 57 to 42 units year over year. In spite of this quieter activity the average residential sales price in the areas surrounding Saskatoon was up 3% from last January to $279,171.

The number of days to sell remained almost unchanged at 46 within Saskatoon while listings in the area surrounding Saskatoon took 75 days on average to sell which is an increase of 25%. The area with the shortest time to sell continues to be the North end, West of the river, at 33 days on average.

If the supply of product continues to remain consistent with last year and if the anticipated increase in demand occurs, our city will remain in a seller’s market with buyers competing for their purchases. It is expected that Saskatoon will continue to buck the softening price and activity trend taking place across Canada.

Jason Yochim
Executive Officer
Saskatoon Region Association of REALTORS®

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

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Highlights from CREA’s release

• Sales activity rose 1.8 per cent from November to December.
• Annual activity totalled 456,749 sales in 2011, up 2.2 per cent from 2010.
• The number of newly listed homes increased 3 per cent from November to December.
• A simultaneous increase in sales and new listings kept the national resale housing in balanced territory.
• The national average home price was up just 0.9 per cent on a year-over-year basis in December, marking the smallest increase since October 2010.

Read the complete release here.

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

The ideal balance of buyers and sellers in 2011 resulted in a modest 5 percent increase in the average residential selling price of a home in Saskatoon which increased to $309,835. This was a record setting year for the total residential sales volume which totalled $1,247,705,573. The total number of residential sales for 2011 of 4027 units was up 13 percent from 2010. The increase in the average selling price continues to make investing in real estate attractive without driving buyers out of the market place.

The average selling price in the month of December was $312,834, up 4% from December of 2010 when it was $299,897. December saw 254 houses change hands, taking 45 days to sell on average. This was a whopping 37 percent above December of 2010 which recorded 186 sales. However, the year to date increase in sales was 13 percent. There were 275 homes added to the Saskatoon inventory in December which was consistent with the previous December.

Year to date 7051 homes were listed for sale, up 4 percent from 2010 when 6757 homes were placed on the market. There were 820 residential properties for home buyers to select from at the end of December.

The change in market activity surrounding Saskatoon was less than that of the city in December. The number of properties that sold was up 8 percent from December of 2010 when just 38 homes changed hands. The average price in these areas in December was $261,852, a sharp decrease of 12 percent from 2010 when it was $295,905. The year to date average selling price, was $279,861, up 8 percent when compared with 2010. REALTORS® listed 91 homes in the areas around Saskatoon, that number down slightly by 2 percent from December of 2010 when 93 homes were listed.

It is anticipated that 2012 will be very similar to 2011 with steady increases in the average sale price. The city of Saskatoon continues to work toward meeting the demand for serviced lots. Our population will continue to see a steady in migration as the availability of jobs remains strong. Interest rates should continue to remain low due to struggling economies in some Canadian cities as well as our trading partner countries.

Jason Yochim
Executive Officer
Saskatoon Region Association of Realtors

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

Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.

Norm Fisher
Royal LePage Saskatoon Real Estate

Residential sales activity for Saskatoon REALTORS® in the month of November was 286, virtually unchanged when compared with November of 2010, which saw 282 sales. This number was also only down slightly from October when 309 properties changed hands. Total residential sales year-to-date sit at 3776, up 12% from 2010 when the total was 3365 by the end of November. The $300,000 to $350,000 price range continues to be the most active with 64 sales. The average number of days to sell in the month of November was 47.

The average residential selling price in November this year was $314,541 which was only a 1% increase from November 2010. The year-to-date average selling price was up 5% from the year-to-date average in November of 2010 when it was $296,222.

Properties listed in November totaled 451, up 12% from the same month a year ago. Year-to-date, 6777 homes have been listed for sale, up 5% compared to 6483 listings by this time in 2010. There were a total of 1084 active residential listings available at the end of November representing a 4% increase compared to November 2010.

The number of sales in areas surrounding Saskatoon (ie. Martensville, Warman, Clavet, etc.) this past November was down 5% from the 75 homes that sold in November of 2010. REALTORS® listed 132 properties in these areas during the month. This is a notable decrease of 14% from November of 2010 when 154 properties were placed on the market. The average selling price in these surrounding areas was $277,797, up 7% from November of 2010 when it was $258,960. During the month of November, in areas surrounding Saskatoon, it took 60 days for a property to sell on average.

In summary, the year-to-date activity in the Saskatoon market continues to remain steady with moderate increases to market values and sales volume. The upward trend is expected to continue with positive announcements on almost a daily basis in the resource sector. The challenge continues for the city of Saskatoon, as well as surrounding communities, to meet the demand for serviced lots.

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

Highlights from CREA’s release

• Sales activity rose in October, marking the highest level since January.
• Actual (not seasonally adjusted) national sales activity in October stayed in line with the 10-year average for the month, as it has most months this year.
• Year-to-date sales are also even with the 10-year average.
• The number of newly listed homes remained little changed from levels in the previous three months.
• While the combination of stronger sales and stable new listings resulted in a slightly tighter balance of supply and demand, the national housing market remains firmly rooted in balanced territory.
• The national average price posted a 5.5 per cent year-over-year gain in October, the smallest increase since January.

Read the complete release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Heading into the fall, activity was down slightly for Saskatoon REALTORS® in the month of October with 309 residential properties changing hands compared with September which saw 365 sales. The trend of sales increasing over the same month last year continues however as we saw a 19% increase over October 2010 when 260 properties sold. Currently the total residential sales to date this year is 3,491 up 13% from 2010 when the total stood at 3,083 for the end of October. The $300,000 to $350,000 price range continues to be the most active with 80 sales. The average number of days to sell in the month of October was 41.

The average residential selling price in October increased to $327,245 from $294,133 in October of 2010 reflecting an 11% increase. At the end of October, the year-to-date average selling price was $309,197 up 5% from year-to-date numbers at this point in 2010 when it was $294,690.

Properties listed in October totaled 557, up 23% from the same month a year ago. Year-to-date, 6,326 homes have been listed for sale, up 4% from this time in 2010 when 6,080 had placed on the market. There were a total of 1,172 active listings available at the end of October, down just slightly from October 2010 when 1,219 were available to purchase.

There was a slight increase in sales activity in areas surrounding Saskatoon (e.g. Martensville, Warman, Clavet, etc.) this October with 82 sales compared with 76 homes sold in October 2010. REALTORS® listed 223 properties in these areas in the month of October. That number is up 18% from 2010 when 189 properties were placed on the market. The average selling price in these areas was $276,475 up 12% from October 2010 when the average was $245,778. During the month of October in areas surrounding Saskatoon it took 64 days for a property to sell on average.

New construction continues to be strong in the City of Saskatoon and outlying communities. The employment opportunities remain strong attracting individuals to our area from across Canada as well as from outside our borders.

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

Highlights from CREA’s release

• Sales activity rose 2.7 per cent in September from the previous month.
• Holding in line with the ten-year average, activity during the first nine months of this year pulled ahead of sales over the same period last year.
• The number of newly listed homes held steady when compared to the previous month.
• The national housing market tightened in September from the month before, but remains firmly entrenched in balanced territory.
• The national average price posted the smallest year-over-year increase since January.

Read the complete release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

Activity was down slightly for Saskatoon REALTORS® in the month of September with 365 residential properties changing hands compared with August, which saw 415 sales. The trend of sales increasing over last year continues however, as we saw a 21% increase over September of 2010 when 301 properties were sold. Year-to-date, total residential sales year are currently at 3183.  That number is up 13% from 2010 when the total stood at 2823 by the end of September. The $300,000 to $350,000 price range continues to be the most active with 82 sales. The average number of days to sell in the month of September was 40.

The average residential selling price in September took a slight dip to $311,057 for a 1% decrease from September of last year when it was $312,914. At the end of September, the year-to-date average selling price was $307,415 up 4% from year-to-date numbers in September 2010 when it was $294,741.

Properties listed in September totaled 608, up 2% from the same month a year ago. Year-to-date, 5770 homes have been listed for sale, up 3% from this point last year when 5626 had been placed on the market. Buyers had fewer housing options last month with 1222 homes available at the end of September. At the close of last September 1355 were available to purchase.

In areas surrounding Saskatoon (Martensville, Warman, Clavet, etc.) sales activity this September was considerably stronger than last September, with home sales increasing from 79 to 101. REALTORS® listed 281 properties in these areas during the month. That number is up slightly from 2010 when 272 properties were placed on the market. The average selling price in these areas was $281,294, which is up nearly 13% from September 2010 when it was $249,825. During the month of September, in areas surrounding Saskatoon, it took 59 days on average to sell a property.

The City of Saskatoon continues to develop new neighborhoods to keep up with the demand for new lots. Recent announcements in the resource sector will continue to bolster optimism in the Saskatchewan economy helping to maintain home pricing and demand.

SRAR

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

Highlights from CREA’s release

• Sales activity was stable from July to August, but posted another big year-over-year gain reflecting weakened demand last summer.
• Year-to-date sales pulled ahead of 2010 levels for the first time this year, and remain in line with the ten-year average.
• The number of newly listed homes was also little changed from July to August.
• The national housing market stayed firmly entrenched in balanced territory.
• There were more balanced local markets in August than at any other time on record.
• The national average price posted another year-over-year gain in August, but has moderated from elevated levels earlier this year.
• Upward skewing of the national average price is diminishing due to fewer expensive sales and a declining share of national activity in Vancouver and Toronto.

Read the complete release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

The month of August was very active for Saskatoon REALTORS® who sold 415 residential properties, up 33% from August of 2010 when just 311 properties were sold. Year-to-date, unit sale numbers stand at 2819, up 12% from the same point in 2010 when the total stood at 2523. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of August was 38.

The average residential selling price in August was $315,774, roughly 3% higher than it was in August of 2010 when it stood at $306,460. At the end of August, the year-to-date average selling price was $306,949, up 5% from year-to-date numbers reached by August of 2010 when it was $292,512.

REALTORS® listed 629 homes in August, down 2% from August of 2010 when 644 properties were placed on the market. Year-to-date, 5165 homes have been listed, up 3% from the same time last year when 5032 had been placed on the market. Home buyers had 1315 homes to select from at the end of last month. At the close of August last year, inventory numbers stood at 1405.

In areas surrounding Saskatoon (Martensville, Warman, Clavet, etc.) sales activity was very strong with 118 homes selling, up 31% from August of last year when 90 homes traded. REALTORS® listed 247 properties in these areas during the month. That number is on par with August of 2010 when 248 properties were offered for sale. The average selling price in these areas was $290,641, up 12% from a year ago when it was $259,338. During the month of August it took 55 days on average to sell a property in areas surrounding Saskatoon.

The new home market remains strong with steady city lot sales taking place. Interest rates remain stable and continue to be favorable to purchasers. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for prices to level or move up slightly due to demand.

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

Highlights from CREA’s release

• Sales activity was stable from June to July, but posted a big year-over-year gain due to weakened demand in July 2010.
• Year-to-date sales continue to run in line with the ten-year average.
• The number of newly listed homes inched up by less than one per cent from June to July.
• The national housing market remains firmly entrenched in balanced territory.
• The national average price posted the largest year-over-year gain since April 2010, but was below where it stood in June.
• Upward skewing of the national average price is diminishing due to fewer expensive sales and a declining share of national activity in Vancouver and Toronto.

Read the complete release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

The month of July was active for Saskatoon REALTORS® who sold 403 residential properties, up 13% from July of 2010 when 356 properties were sold. Year-to-date, unit sale numbers stand at 2405, up 9% from the same point in 2010 when the total stood at 2212. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of July was 35.

The average residential selling price in July was $303,439 or roughly 4% higher than it was in July of 2010 when it stood at $290,411. At the end of July, the year-to-date average selling price was $305,419, up 5% from year-to-date numbers reached by July of 2010 when it was $290,559.

REALTORS® listed 603 homes in July, up 10% from July of 2010 when 549 properties were placed on the market. Year-to-date, 4536 homes have been listed, up 3% from the same time last year when 4,388 being placed on the market. Home buyers had 1405 homes to select from at the end of July, down just slightly from June when 1430 were available to purchase.

In areas surrounding Saskatoon (Martensville, Warman, Clavet, etc.) sales activity was very strong with 96 homes selling, up 37% from July of last year when 70 homes traded. REALTORS® listed 619 properties in these areas during the month. That number is up 15% from July of 2010 when 536 properties were placed on the market. The average selling price in these areas was $289,037, up 2% from July of 2010 when it was $284,388. During the month of July it took 63 days on average to sell a property in areas surrounding Saskatoon.

The new home market remains strong with steady city lot sales taking place. Interest rates remain stable and continue to be favorable to purchasers. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for prices to level or move up slightly due to demand.

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

Highlights from CREA’s release.

• Sales activity climbed from May to June, with a big year-over-year gain reflecting falling demand in June 2010.
• Year-to-date sales remain in line with the ten-year average.
• The number of newly listed homes also rose from May to June.
• National housing market remains firmly entrenched in balanced territory.
• National average price still being skewed upward by the value of sales in expensive Vancouver neighbourhoods, with price gains in other markets providing additional loft.

Read the full release here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate

May’s home sale market was up twenty-one percent from May of 2010 with 423 homes selling, compared to 351 homes last year. The greatest sales activity remained in the $300,000 to $350,000 price range with many first time buyers entering the market. The average number of days to sell declined from last May when it took 36 days on average to sell as compared to 33 days this year, an indication of an active market environment.

The average residential selling price in May was $317,932. This number was up eight percent from May of 2010 when the average selling price was $295,167. The increase in the average selling price indicates strong sales activity in the mid to upper price range. Year to date, the average selling price stands at $304,664, up five percent from last year at this time when it was $289,277.

Inventory levels continued to stabilize in the month of May. Home buyers had 1378 homes to select from at the end of the month, that number up slightly from May of 2010 when 1300 homes were on the market. REALTORS® listed 762 homes in May, down two percent from May of last year when 779 properties were listed for sale. Year to date, 3,164 properties have been listed for sale. That number is on par with 2010. Inventory levels remain steady providing home buyers with a reasonable number of homes from which to select.

In areas surrounding Saskatoon, home sale activity was also up twenty-one percent from May of 2010 with 104 homes selling as compared to 86 homes selling in May 2010. REALTORS® listed 319 properties in these areas in the month of May. That number is up seventeen percent from May 2010 when 272 properties were listed. In the month of May, the average number of days to sell declined from 65 days in May 2010, to 54 days this May.

Optimism in Saskatoon’s economy remains high. This in turn is reflected in the consumer’s willingness to invest both in residential and commercial real estate. Renters are looking to purchase and many current home owners are looking to move up in house.

The first ever Saskatchewan Real Estate Forum held at TCU place last month attracted 460 participants. Attendees represented every sector imaginable from across the province and note worthy was the very high attendance from out of province. Conference goers were determined to find out what the buzz is in Saskatoon and in our province and why so many people want to buy and invest in Saskatchewan. All of this interest and activity is only the beginning of what we will see in the real estate market in Saskatoon and area in the days and months ahead.

Saskatoon’s new home market remains strong with steady city lot sales taking place. Interest rates are favorable to purchase that next home and job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to increase marginally and for resale prices to move up slightly due to demand.

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

April’s residential real estate sale market softened somewhat with 343 homes selling compared to the 369 homes that sold in April of 2010. The greatest sales activity occurred in the $300,000 to $350,000 price range. The average number of days to sell in the month of April was 36, pointing to an active and steady market environment.

The average residential selling price in April was $315,866. This number is up 6% from April of 2011 when it was $298,481. The increase in the average selling price is indicative of strong sales activity in the mid to upper price ranges. Year-to-date, the average selling price date stands at $299,843 up 4% from last year at this time when it was $287,464.

Inventory levels continued to correct during the month of April. Home buyers had 1300 homes to select from at the end of the month, up slightly from April 2010 when 1258 homes were on the market. REALTORS® listed 634 homes in April. That number was down 19% from April 2010 when 784 properties were listed for sale. Year-to-date, 2403 properties have been listed for sale, on par with 2010 when 2,383 were placed on the market for sale by this time. Inventory levels remain steady providing home buyers with a reasonable number of homes to select from.

In areas surrounding Saskatoon home sale activity also softened slightly with 93 homes selling as compared to 113 homes selling in April of 2010. REALTORS® listed 296 properties in these areas in the month of April. That number is up 3% from April of 2010 when 288 properties were placed on the market for sale. The average number of days to sell in the areas around Saskatoon during the month of April was 65.

Optimism in Saskatoon’s economy remains high, which in turn is reflected in consumer’s willingness to invest both in residential and commercial real estate. Renters want to purchase, many current home owners are looking to move up and REALTORS® also report significant interest from clients wanting to move to Saskatoon from out of province.

An important factor of a strong housing market is the activity experienced in new home sales. Saskatoon’s new home market remains strong with steady city lot sales taking place. Interest rates are favorable to purchase that next home and job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for resale prices to move up slightly due to demand.

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

First quarter sales for 2011 continued to be strong. Saskatoon REALTORS® assisting 346 home buyers with the purchase of their dream home. This number was down 4% from March of 2010 when 359 homes were sold. Year-to-date, unit sales numbers stand at 821, up 6% from 2010 when the total stood at 772. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of March was 36.

The average residential selling price in March was $294,025. This number is up 4% from March of 2010 when it was $282,393.

REALTORS® listed 694 homes in March, down 6% from March of 2010 when 739 properties were listed for sale. Year-to-date, 1769 homes have been listed for sale, up 11% from when the 2010 first quarter ended with 1599 being placed on the market. Home buyers had 1219 homes to choose from at the end of March.

In areas surrounding Saskatoon, sales were very active with 91 homes selling, down 6% from March of 2010 when 96 homes were sold. REALTORS® listed 274 properties in these areas in the month of March. That number is down 9% from March of 2010 when 300 properties were placed on the market. Year-to-date, 664 properties have been listed for sale, up 9% from this time in 2010. The average number of days to sell in areas around Saskatoon during the month of March was 66.

The new home market remains strong with steady city lot sales taking place. Interest rates remain unchanged being favorable to purchase that next home. Job creation in the Saskatoon area remains steady. The forecast for the next quarter of 2011 is for listing and sales numbers to continue to balance and for prices level or move up slightly due to demand.

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

February was the fourth consecutive month during which sales were on par with the five-year average. CREA continues to characterize the national housing market as balanced but warned that average price gains could recede following mortgage rule changes that will take effect later this week.

From the CREA report:

The national average price for homes sold in February 2011 rose 8.8 per cent year-over-year to $365,192. “The average price has been skewed higher nationally and in British Columbia recently by a record number of multi-million dollar sales in a couple of areas in Greater Vancouver,” said Gregory Klump, CREA’s Chief Economist.

“When you take Vancouver out of the equation, the year-over-year increase in the national average price drops to 3.4 per cent,” added Klump. “While that’s still stronger than in the past six months or so, national average price gains may recede after tighter mortgage regulations take effect in March.”

Read CREA’s full release here.
National MLS statistics for the month of February is here.
A report from the Globe and Mail is here.
A report from the Financial Post is here.

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.

Our Saskatoon home search tool offers MLS® listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Saskatoon Real Estate