In the single-family home category, unit sales declined from 266 units last August to settle at 150. Average selling prices slid sharply from $322,715 in July to $306,095 in August but remained significantly higher than the $268,708 average reported in August of last year. The average cost per square foot managed to climb slightly from $268 in July to $269 in August, but the average size of the houses that traded was just 1,136 square feet compared to 1,204 the month before.
The average price of a Saskatoon condo continued to slide for the fourth consecutive month reaching $225,311, down from $239,952 in July and just slightly higher than the average in August 2007 when it reached $222,698. Still, the average cost per square foot came in at $241, compared to just $224 in August 2007, and $248 in July 2008.
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Royal LePage Vidorra