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.

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 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

The February resale market remained strong with Saskatoon REALTORS® assisting 282 home buyers with the purchase of their next home. This number was up twenty percent from February of 2010 when 235 homes were sold. The $250,000 to $275,000 price range was the most active, indicating greater activity in the entry level and mid price range of homes. The average number of days to sell in the month of February was 41.

Home buyers had 1,046 homes to select from at the end of February, up from February 2010 when 866 homes were on the market. REALTORS® listed 545 homes in February, up seventeen percent from February of 2010 when 465 properties were listed for sale. Home buyers are enjoying improved inventory levels as 1,076 properties have been listed for sale to date this year, up twenty-five percent from 2010.

Home buyers had 1,046 homes to select from at the end of February, up from February 2010 when 866 homes were on the market. REALTORS® listed 545 homes in February, up seventeen percent from February of 2010 when 465 properties were listed for sale. Home buyers are enjoying improved inventory levels as 1,076 properties have been listed for sale to date this year, up twenty-five percent from 2010.

In areas surrounding Saskatoon, sales activity continued to improve with 63 homes selling, up sixty-six percent from February of 2010 when just 38 homes were sold. REALTORS® listed 177 properties in these areas in the month of February. That number is up two percent from February of 2010 when 173 properties were placed on the market. The average number of days to sell in areas around Saskatoon during the month of February was 58.

Optimism in the Saskatoon economy remains high. Evidence of this is seen on numerous fronts. Renters want to purchase, many current home owners are looking to move up and REALTORS® report significant interest from clients wanting to move here 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

More from CREA’s release.

Seasonally adjusted national home sales activity rose 4.5 per cent in January 2011 compared to the previous month, reaching the highest level since April 2010. Led by Vancouver and Toronto, seasonally adjusted sales activity posted monthly gains in more than half of all local Canadian markets in January. National sales activity has improved steadily since last summer, and now stands almost 25 per cent above the low point reached in July 2010.

We anticipated the recent announcement of tighter mortgage regulations, which will come into effect this March, would pull forward sales activity into the first quarter of 2011, particularly in some of Canada’s more expensive housing markets,” said Gregory Klump, CREA’s Chief Economist. “The sharp rise in sales activity in Toronto following the announcement provides early evidence confirming this,” said Klump.

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

The 2011 residential resale market started on a positive note with Saskatoon REALTORS® assisting 195 home buyers with the purchase of their dream home. This number was up ten percent from January of 2010 when 178 homes were sold. 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 January was 43 days.

The average residential selling price in January was $300,353 up eleven percent from January of last year when it was $270,265.

REALTORS® listed 531 homes in January, up thirty-four percent from the same month last year when 395 properties were listed for sale. Home buyers had 958 homes to select from at the end of January.

In areas surrounding Saskatoon, sales activity was very strong with 57 homes selling, up seventy-three percent from January of 2010 when just 33 homes were sold. REALTORS® listed 214 properties in these areas during the month of January. That’s up sixty percent from January 2010 when 134 properties were placed on the market for sale. The average number of days to sell in areas around Saskatoon during the month of January was 60 days.

The new home market remains strong with steady city lot sales taking place. Interest rates remain unchanged remaining favorable to home sales. 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 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

From the release.

“Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards was down 14.4 per cent on a year-over-year basis in December 2010, which reflects record level sales for the month of December in 2009. Activity in December 2010 ran slightly ahead of the ten year average for the month (Exhibit 1).

“The national trend for monthly sales remained stable in December, with seasonally adjusted sales activity having edged down by less than a percentage point from the previous month. Led by Calgary, Winnipeg, and Hamilton-Burlington, seasonally adjusted sales activity was up month-to-month in half of local markets. Toronto, Vancouver, and Montreal were among the markets that posted a small month-over-month decline in December.”

The full release can be found 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

Saskatoon’s housing market has performed as forecasted through the close of 2010. Unit sales activity softened slightly from 2009. The 189 sales recorded last months in represents a 10% decline from December of last year when 210 properties changed hands. The year to date unit sales number stands at 3558, down 7% from the 2009 year end figures when 3819 homes had sold. Saskatoon REALTORS® sold $1,054,512,974 worth of real estate in 2010. This number is down 1% from the 2009 year end figures. The number of days to sell was 48 in December.

Click the image for a larger version of the graph.

Stable prices should be seen as a positive. It suggests a reasonable balance between buyer demand and sellers wishing to sell their home. The average residential selling price in the month of December was $300,693, up 3% from December 2009 when it was $290,561. The year to date average selling price is $296,378, up 6% from 2009 when it was $278,693.

Click the image for a larger version of the graph.

274 home owners placed their property on the market in December, up 30% from last December when 211 homes were listed. Year to date, 6757 homes were listed for sale, 5% more than were listed by the close of 2009 when 6459 homes were placed on the market. The market continues to correct from the activity experienced in 2008 when year to date listing numbers stood at 8135. Home buyers had 790 residential properties to select from at the end of December.

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Activity in and around Saskatoon was similar to that of the city. 38 properties sold, down 19% from the strong market in December 2009 when 47 homes changed hands. The average price in these areas in December was $295,905, up 14% from 2009 when it was $258,996. The year to date average selling price was $257,426, on par with 2009. REALTORS® listed 93 homes in the areas around Saskatoon, that number up 11% from December 2009 when 84 homes were offered for sale.

All indicators point to an active Saskatoon housing market in 2011. Optimism begins with the many economic development projects planned not only for Saskatoon but also in many other areas of the province. In migration continues to increase with those moving to Saskatoon contributing to the local economy in many ways in addition to providing a catalyst for the housing market. Even though interest rates have edged up slightly they remain attractive for those needing to mortgage the purchase of a home.

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

From CREA’s release:

Seasonally adjusted activity was up from October levels in two-thirds of all local markets, including eight of Canada’s ten most active markets. Month-over-month increases were reported in Calgary (+2.6 per cent), Edmonton (+6.9 per cent), Fraser Valley (+10.5 per cent), London & St. Thomas (+6.5 per cent), Montreal (+8.2 per cent), Ottawa (+4.2 per cent), Toronto (+6.0 per cent), and Greater Vancouver (+11.3 per cent). These markets accounted for more than half of national activity in November.

Actual (not seasonally adjusted) national sales activity in November 2010 was 9.3 per below levels in November 2009.

The persistence of large year-over-year declines from last year’s record levels has been masking the steady improvement in national sales activity since July 2010. A comparison of November sales activity to sales for the same month in previous years suggests that activity is currently running at more normal levels.

The actual release and some stats graphs can be found 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.

Norm Fisher
Royal LePage Saskatoon Real Estate

Saskatoon house sales bucked normal seasonal trends and took a big gain on a month-over month basis, climbing by twenty-seven units from October to 208 sales. House sales gained even more on a year-over-year basis with an additional 40 homes trading compared to last November for a gain of nearly twenty-five percent.

Listing inventory took a big slide over the month falling from 697 to 575. The combined effect of higher sales and declining listings pushed total months of available inventory sharply lower from October by 1.1 months to just a 2.8-month supply, below even last year’s number by 0.2 months. Still, the total number of house listings on the Saskatoon multiple listing service stood higher than last November’s 500 units.

The average selling price of a Saskatoon house came in at $326,191 for a gain of nearly nine thousand dollars compared to October, and up more than twenty-six thousand dollars when compared against the same month last year. The median price edged higher gaining $6900 on the month to $306,900. It picked up nearly twenty-five thousand dollars from the same month a year ago. The three-month average edged lower from last month to $328,000 for an annual gain of about twenty-three thousand dollars.

Saskatoon condo sales continued to decline slipping six units from the previous month to finish November at just sixty-one sales, well off of the seventy-six units that sold in November of 2009.

The total inventory of active condo listings fell by ten percent, just as it did in October. At the close of the month there were still 362 units available for sale, roughly twenty percent higher than it was at this time last year. Total months of inventory remained steady at 5.9 compared to October, but was up substantially compared against November of 2009 when the supply had dropped to 3.8 months.

Some strong sales activity at the upper end of the Saskatoon condo market, including three sales that accounted for more than two million dollars in volume, pushed prices to records levels. The average selling price closed November at nearly $280,000 to record a monthly gain of twenty-eight thousand dollars and an annual gain of more than thirty thousand. The median price moved up seventeen thousand dollars from the month before to reach its peak for the year, $257,000. That’s thirty-three thousand dollars higher than last November. The three-month average grew to $255,582 picking up nearly ten thousand dollars on the month for a year-over-year gain exceeding thirty thousand dollars.

A map displaying the boundaries of Saskatoon real estate areas is here.
An overview of data collection and calculation practices for our statistical reports 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.

Norm Fisher
Royal LePage Saskatoon Real Estate

Last month, Saskatoon REALTORS® assisted 283 home buyers with the purchase of their dream home. This number was up 12% from November 2009 when 253 homes were sold. The year to date sales number stands at 3,396 down 7 % from the same time last year when 3,609 units had sold. The $300,000 to 350,000.00 price range continues to be the most active. The average number of days to sell in the month of November was 42.

Click the image for a larger version of the graph.

The average residential selling price in November was $312,893. This number is up 13% from November 2009 when the average selling price was $277,766. The average price year to date is $296,136. That’s up 7% from 2009 at this same time when the average was $278,002.

Click the image for a larger version of the graph.

Home buyers had 1,045 homes to select from at the end of November, up from November 2009 when 877 homes were on the market. REALTORS® listed 403 homes in November, up 13% from November 2009 when 356 properties were listed for sale.

Click the image for a larger version of the graph.

In areas surrounding Saskatoon sales activity was steady with 75 homes selling, on par with November 2009. Year to date, REALTORS® have sold 857 homes in these areas, down 5 % from 2009 when the year to date figure stood at 903. REALTORS® listed 154 properties in these areas in the month of November. That number is up 20% from November 2009 when 128 properties were placed on the market for sale. The average number of days to sell in areas around Saskatoon during the month of November was 78.

Fourth quarter unit sale activity is performing as forecast. The new home market remains strong with steady city lot sales taking place. Interest rates have edged up slightly but seem to have had little impact on home sales. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2010 is for listing and sales numbers to continue to balance and for prices level as well.

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