The average selling price of a Saskatoon home fell marginally in July to $245,893 from $251,120 in June. The total number of single family homes and condominiums traded dropped to 411 units as compared to 452 in June, but still remained higher than the 308 units reported as sold last July.
Prices of Saskatoon houses took the greater hit falling from $262,145 in June to $253,446 in July and further narrowing the already small gap between the price of a Saskatoon house and a condo.
The average selling price of a Saskatoon condo decreased slightly from $221,958 in June to $221,495 in July.
It certainly feels good to begin to see prices stabilize some after many months of consecutive growth. It remains to be seen if this is temporary or if we can expect this trend to continue.
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