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A closer look at Saskatoon real estate stats for October 2007

Note: The graphics in this post were updated on November 5, 2008 to reflect the final sale numbers as reported by agents for October, 2007. The graphics show the final figures while the commentary reflects the statistics as they had been reported as of the date of the original post.





Average selling prices of Saskatoon homes continued on an erratic bounce as prices in the house and condo category reached $257,778 in October, up substantially from $241,537 in September, but more or less of par with the figure recorded in August of $258,508. Total unit sales remained stable when compared to September but once again, there was a shift in the areas which drew buyer’s interest. Area 4 sales declined by 21 units, while sales increased in all of the other more expensive zones. Saskatoon home sellers waited a little longer to find that perfect buyer as days on the market (DOM) increased to 23 from just 17 last month.


The average selling price of Saskatoon houses spiked back up to August levels closing the month at $268,724, up from $241,401 in September.


The average selling price of Saskatoon condos took a pretty big dip falling to $223,259 from the all time high in September of $241,956. While total unit sales remained stable when compared to the previous month, days on the market reached 26, probably the highest number of days for any housing category this year.


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 Vidorra
Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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