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