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Saskatoon real estate week in review for February 22-28, 2020 (edition #677)


Saskatoon real estate sales dipped modestly to 57 units this week, down just two from last week. That was enough to top sales from the same week last year by six.


After falling through the floor last week, new listing numbers surged higher as 135 Saskatoon homes were offered for sale on the multiple listing service®. That up from last week by 62 properties but down two when compared to new listing activity over the same period of 2019.


Saskatoon residential MLS sales and and new listings for the week of February 22-28 2020



The total number of residential properties offered for sale on the MLS® system grew by 21 this week to reach 1388, which is down just 39 units from where it stood a year ago. This particular week in the previous calendar year ended March 1, so February expired listings had been removed from the total by the time I reported. I would expect to see a larger year-over-year decline tomorrow when the calendar turns (we made it through February and spring is now in sight). 


As of this morning, there are 816 single-family homes for sale in Saskatoon. That’s up by 24 from last week’s close, and higher than it was a year ago by 45 properties.


Condo inventory is at 492 today, down nine from last week, and lower than it was a year ago by 75 units.


Inventory is at it’s tightest in the single-family homes category, particularly for homes priced between $300,000 and $400,000 where supply and demand ratios technically remain in a balanced territory but are moving towards favouring sellers. Typically a balanced market is one that offers a supply that would take four to six months to exhaust. This range is currently at 4.3 months of supply.


Active Saskatoon real estate listing on the MLS at February 29, 2020



Sales activity towards the market’s entry-level remained brisk but improved interest and action with homes between $300,000 and $500,000 drove the weekly median price and the weekly average higher to $323,217 and $316,000 respectively.


The six-week average price showed some modest weekly gains as it grew by just over a thousand dollars to $327,920. That left it lower on an annual basis by about seven thousand dollars. Meanwhile, the four-week median price slipped lower by about sixteen hundred dollars. It closed the week at $318,750 for an annual dip of just over three thousand dollars.


Average and median prices for Saskatoon homes sold February 22-28, 2020



One seller managed to close a deal above their asking price with a bonus amounting to just $100. Across the negotiating table, 47 buyers made off with a discount averaging $14,693 on the property they bought.


Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that this chart may show over list price sales, even when I have reported the number as 0. Those sales are typically new properties that spent some period of time on the market, and most likely sold and included additional improvements that were not reflected in the original list price. For example, a new home listed at $450,000 sells at a price of $490,000 after 120 days on the market may have included a basement development that was not anticipated in the listing price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.


Sale price to list price ratios for Saskatoon homes sold through the MLS the week of February 22-28, 2020

More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for MLS home sales from February 22-28, 2020



I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


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You must have a home inspection if you plan to use the buildings on the land

Someone on my team is working with a buyer who had an interest in writing an offer on a specific home.


They HAD an interest.


My team inquired with the seller's agent about the availability of the listing.


The seller's agent indicated that their seller would not consider any offer that proposed a home inspection as a condition of the offer.


The property is over a century old.


There are all kinds of stupid wrapped up in this scenario that I won't get into.


If you're a home buyer, don't be stupid.


Exercise reasonable diligence. This is a big deal for your future.


________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

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Four first steps in preparing your home for sale


In a recent video, I talked about "preparation" as a foundational cornerstone to begin your home selling effort.


But, where do you start?


Here are the first four things that should be tackled before you list your home for sale.



Transcript


In a recent video, I talked to you about four things that you have control over as a home seller.


Those items were the amount of preparation that you put into getting the home ready for sale, how that home is presented to the public, how it's promoted, and, finally, how it's priced.


I want to dig a little bit deeper into the first item on that list because it really is kind of a foundational point and quite important.


When a home buyer comes to look at your property, we want to make it as easy for them as possible to see themselves in that home, and they do tend to see themselves living there as it's presented now. So if the place is a chaotic mess, it sends bad energy to them that makes them wanna run out of there, and I've seen it happen a hundred times.


So four things that you should focus on in your preparation effort.


Number one, declutter. Put some shit away. Most sellers have way too much stuff in their home. You want to be thinking show home, minimalist. The less clutter, the better. The opposite of chaos is order, and if you can create an orderly environment, people will want to be there.


Secondly, depersonalize. Take the kid's awards off the walls and the family photos. Pack them up. Put them into a box. Get them ready for your move. Those things can be very distracting. It's funny, you see people reading college degrees on the walls and looking at family photos. Put that stuff away so that the focus can be entirely on your house.


Number three, deep clean. This is the time to get that property as spiffy as you possibly can because, frankly, people are disgusted by other people's dirt.


And finally, fix stuff. There are a hundred little things in most houses that need to be repaired, and now's the time to do it. Think about this. If you don't want to do it, what makes you think that a buyer wants to buy those problems? Fix 'em up.


Look, I get it, we're all busy, and some people have got just too much on the go to get this stuff done.


That's where you can turn to a real estate professional for some help. We've got teams that we can deploy to your house to get that work done.


________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

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Paperless operations increase speed and efficiency for the client

I made the move to a paperless life and business about six years ago.


At that time, what I liked most about it was that I no longer needed to think about, or buy so many other things.

Pens, paperclips, staplers, white-out, printers, ink, filing cabinets, desks to name few.


It took time to settle in. I had to reconfigure my thinking and my approach to many things.


At first, it was a struggle to manage the paper that others forced upon me. Today, I carry every document I've created since my office opened in my pocket.


In recent years, I've been more pleased with the fact that I don't even need an office. I can do my work from anywhere.

A couple of weeks ago I had a thirty-minute stopover about 20 percent of the way into a five-hour flight. When the flight attendant waved the green flag for phones, I made use of the time to work.


Bing! There's a counteroffer in my inbox. I email it to my client and text her to let her know it's there. She tells me she'll go to $330,000 but not a penny more.


I write the new offer and send it to her for a digital signature. It's back in five minutes and off to the other agent.


When I arrived at my destination, an accepted offer was waiting for me. From my phone, I sent it back to my client and her mortgage broker on my way to the hotel.


Speed, efficiency and effectiveness for clients.


Freedom to move for me.


I like it.


________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

Read

Your price is important but it's not everything - It's not even the main thing


Real estate agents often take the position that "price is everything" when marketing a home for sale.


Price is important, but it's not everything. It's not even the most important thing.


In this short video, I discuss three other key variables that a seller has direct or indirect control over when they're ready to sell their home.


Place your focus on those items first. If they're pulled off well, they will support a higher asking and selling price.


I mean, who couldn't use some extra tax-free cash?



Transcript

Real estate agents often take the position with a home-seller that price is everything, and everything boils down to your price. It should be your first consideration.


And price is important, there's no doubt about that. You can't get 400,000 dollars for something that's worth 300,000.


But it's not the only thing, and it's probably not the first thing, that a seller should be thinking about.


There are really four things that you have control over when you market your property for sale.


First, the amount of preparation that goes into getting it ready for the market. A little bit of paint, some cleaning, some decluttering, that kind of thing.


Secondly, the presentation of the property to the market. You know, is it professionally done, with professional photos, and other tools that are useful today?


Thirdly, promotion. How well exposed is this property to the general market? That's a huge thing today.


And then, finally, the price. If those first three items are executed professionally and well, they will support a higher price. And, conversely, if you don't put any effort into preparing the home for sale, it's poorly presented to the market, and nobody knows it's for sale, you certainly can't expect to get a peak price.


So, focus on the first three items first. Those will support a higher price.


And your price basically becomes the final lever to get a sale.


If you've prepared the house properly, if it's presented beautifully, if the market's well aware that it's for sale, and it's not selling, then, and only then, is it time to adjust the price.


________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

Read

If your agent lies to you, you've been pushed into fantasyland, not a good place to buy or sell a home

Little white lies

In a world in which lies are all too common, it's easy to overlook small white lies, puffery, and even deceitful marketing practices that are designed to draw you in but fall well short of delivering what's promised.


If you're buying or selling a home or engaging the services of any professional, you should expect the unvarnished truth.

When a professional is willing to tell you a lie, and you take that lie as the truth, you are now operating in a fantasy world. You've stepped outside of reality.


You want to be grounded in reality, to be armed with facts when making decisions that are worth hundreds of thousands of dollars.




Transcript


10 years or so ago, I'm talking with a commercial real estate agent and he asks me about the Home Showcase which was a weekly publication of printed listings that came out with the newspaper,  And he asked me if I advertised properties there and I said yeah, for sure I do.


And he said well is it effective? and my answer was no, it's not effective at all. We rarely ever get a call from the newspaper anymore.


So why do you do it was his next question and my answer to that was, well our clients expect us to.


To which he responds, well isn't it time that we stop lying to our clients?


And man, that really struck me hard at the core because I consider myself a pretty honest guy, but I realized that yeah, that is a lie. Here I am a real estate agent and I'm actually doing something that I know is totally ineffective because the person I'm working for might think that it's necessary.


You know, whenever... We're living in a society that's really used to white lies. They're harmless we feel, but you know, as a real estate agent or any other type of professional, when you step over the line and you tell your client something that isn't true, you've actually made a little tear in the fabric of reality. You've moved them into a world of fantasy and they're actually making decisions based on false information and God only knows where that's going to end up. It could end up anywhere, but it's probably not gonna be good and even in a case like this where you might think well that's pretty harmless.


But the truth is if I'm focusing resources on things that are ineffective, that takes those resources away from things that can really be effective.


So since that day, I have never run another newspaper ad and since that day I've spent well over $100,000 on online advertisements and the exposure that we've been able to bring to our listings has gone through the roof because of that.


So you have to examine these moments of untruth from every possible angle and when you do, I think you'll realize that you're hurting the person that you're telling the lie to and you're probably hurting yourself too because at your core you know that you've done something wrong and that's gonna come back to bite you in the ass.


________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

Read

Going up...going down...going nowhere fast

Becky and I recently stayed at a resort that I've since described as "one of the best experiences ever."


The food was fantastic. The staff was polite and helpful. Every time you turned around, someone was washing something down. The place was sparkling clean.


There was only one problem.


Most of the guests complained about the elevator service.


They took too long to arrive.


While you were traveling up and down over as many as 22 floors, the car would often stop and open to nobody. From our 15th floor room, the phantom stops would occur four to five times on most trips.


Our wing of the hotel had two elevators. They were six or seven meters apart as if one was an afterthought. Each elevator had a dispatch button.


Guests, eager to get where they were going, would press both buttons. They'd hop in the first one that arrived. The problem was, of course, that the second elevator would also later arrive. Another phantom stop.


The very people who complained about the elevators were the cause of the problem. Had everyone been willing to push only one of the two buttons, the system would have operated much faster. Most guests seemed completely oblivious. They'd roll their eyes each time the elevator stopped for nobody.


"Stupid elevator."


How often do we get in our own way? How often do we lock onto an idea to our own peril? How often do we rush into sabotaging our own objectives?


In my business, it's common to see people try to take shortcuts. Even clients.


We often see home sellers who want to rush their home to the market. There is no shortage of agents who will accommodate an overnight listing, lest the listing gets away on them.


Listing a home before it's ready is moving fast to slow yourself down.


Start by slowing down.


Plan.


Prepare.


Then list and promote.


You'll get where you want to go faster and with fewer hassles.


The agent you select should have a thoughtful process. That ensures the right things get down, at the right time, for the right result.



________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

Read

Saskatoon real estate week in review for February 15-21, 2020 (edition #676)


Saskatoon real estate agents reported 59 firm residential sales to the multiple listing service® over the past week, up by six from the previous week and matching numbers recorded over the same period last year.


While sales remained stable, new listings numbers plummeted. Just 73 Saskatoon homes were offered for sale. That’s down from 125 last week and falls short of listings for the same period last year by 32 properties.


Saskatoon residential MLS sales and and new listings for the week of February 15-21, 2020



The inventory of active MLS® listings in the residential category declined this week, due to soft new listing activity. As of this morning, buyers have just 1367 Saskatoon homes to choose from, down 15 from last week’s close, and 49 shy of what was available a year ago. 


The active listing numbers include 792 single-family detached homes, up from 770 a year ago, and 501 condominiums. That's 66 fewer condos than were available a year ago today.


Active Saskatoon real estate listing on the MLS at February 22, 2020



With just three sales that topped the five hundred thousand dollar mark, strong activity at the low end of the price spectrum, and two sales (mobile homes with no land title) that barely amounted to 50K between them, both the weekly median sale price and the weekly average sale price of a Saskatoon home fell lower. Those measures came in at $300,000 and $314,449 respectively.


The four-week median price also slipped as it fell to $320,375 for a weekly decline of about 12K. It remained higher on an annual basis by a little more than $10,000. The six-week average price rose about three thousand dollars from the previous week and after maintaining year-over-year gains for six consecutive weeks, it fell below levels recorded at the close of the same week last year by three thousand bucks.


Average and median prices for Saskatoon homes sold February 15-21, 2020



Not a single seller landed a buyer willing to pay more than the asking price this week. Meanwhile, 54 of the week’s 59 firm deals were reported to have sold at a price below the list price, netting those buyers an average discount of $12,565.


Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that this chart may show over list price sales, even when I have reported the number as 0. Those sales are typically new properties that spent some period of time on the market, and most likely sold and included additional improvements that were not reflected in the original list price. For example, a new home listed at $450,000 sells at a price of $490,000 after 120 days on the market may have included a basement development that was not anticipated in the listing price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.


Sale price to list price ratios for Saskatoon homes sold through the MLS the week of February 15-21, 2020



More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for MLS home sales from February 15-21, 2020


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


Read

An overview of changes to Canada's mortgage stress test



Here's a short video I produced to explain the changes to Canada's mortgage stress test that were announced on February 20, 2020, and take effect in April of 2020. What follows is a Global News story that I had an opportunity to contribute to on the topic.



Global News Story



I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

Read

A home seller needs to "paint a beautiful picture" to sell for more


Norm shares a story of a sales exchange in a men's clothing store and how a masterful salesperson had him spend twice his budget and feel great about it.


The same idea can be applied to your home sale. Ultimately, it's up to you and your agent to "paint a beautiful picture" for prospective buyers so they can see themselves enjoying your home, as theirs. If it's done properly they are likely to feel good about paying top-dollar for your home.



Transcript

I went into a men's clothing store the other day to buy myself a new suit for an event that I've got coming up, and as I'm walking in the door, I'm thinking to myself, I'd sure like to get out of here without spending more than about $800, for a suit and a shirt and a tie, maybe.


And if you've ever been to a men's clothing store, that's maybe a little bit above average, you know that they employ the most awesome salespeople. I mean, they're good and they need to be. They have to be really creative to put together outfits that people feel good about, and they have to be really confident because they've got a ton of stuff to work with.


When I go to a men's clothing store and there's 300 suits to choose from and 500 shirts and 400 ties, I'm totally lost. I don't know where to begin. So, I need some help, putting that together and that's what these people are really good at.


So I approached this salesperson, tell her what it is that I'm looking for, and she immediately says to me, "I know exactly the suit that you should buy. It's gonna look fantastic on you."


And she reaches over to help me take off my coat and says, "Follow me."


She takes me over to this rack, shows me the suit and I love it immediately. It is beautiful.


She says, "Let's try the jacket on." And as she's putting the jacket on me, she says, "This is a bit of an investment piece," which you know means that it's more money than you thought you might be spending. But she puts it on me. And she's right, it fits me like a glove. It looks great on me. I look at the tag, 775 bucks. My budget's completely blown, but I like it, so I allow her to continue to take me down the rabbit hole and the next thing I know she's putting together this entire ensemble, basically painting this beautiful picture, with a shirt and a tie and a pocket square.


And then she says to me, "Do you have brown shoes, Norm?"


I said, "Yeah, I've got brown shoes."


"Are they oxblood brown?"


"Well no, they're tan."


"Just give me a minute," she says, and she wanders off.


She comes back a minute later. She's got a pair of shoes and a belt with her, and she insists that I put it on.


So I go to the dressing room, I put it on. And yeah, I feel great in the suit. It really is just what I'm looking for. And a couple of minutes later, I leave the store, having spent $1584.


But you know what, I'm feeling good about the purchase. I'm feeling excited about getting dressed and going to my event. I know that I'm gonna look bang!


But, you know, this is kind of the process that you need to take a home buyer through when you put your home up for sale. Most sellers aren't show-ready. They're living in their property. And you know, oftentimes we show up for a listing appointment, and the sellers like ready to go. They wanna get on the market tomorrow, but you know you really need to take the time to paint a beautiful picture for the buyer, so that they can easily see themselves living there, be excited about living there. Because most buyers, like me in the men's clothing store, they don't have what it takes to see the product as it might be. They just see it as it is today. And if it isn't looking great, most of them are just not gonna be interested in the property.


If this sounds a little complex and complicated to you, this is what we do, what we love to do. Feel free to reach out to me. I would be happy to give you some advice and tell you a bit about our process of how we get homes looking amazing.


__________________________________________


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra

Read

Saskatoon real estate week in review for February 8-14, 2020 (edition #675)


Saskatoon real estate sales softened this week. When the dust had settled at the end of the week 53 firm residential sales had been reported to the multiple listing service® for a weekly decline of eight units, and down two when compared against sales for the same period last year.


While sales slipped lower, new listings made some modest gains. There were five more Saskatoon homes offered for sale on the MLS® compared to last week, and 25 more than were offered for sale over the same period of 2019.


Saskatoon residential MLS sales and and new listings for the week of February 8-14 2020



Inventory took a large leap as the total number of residential listings for sale on the MLS® jumped to 1382 from 1340 at the close of the previous week. That’s just 36 fewer listings than were available a year earlier, our smallest annual decline since early fall of last year. 


There are now 805 single-family homes for sale on the system, up 36 from a year earlier. Condo inventory sits at 503 for an annual decline of 54 units.


Active Saskatoon real estate listings on the MLS at February 15, 2020



The weekly average and median prices of a Saskatoon home were pretty stable on a weekly basis at $326,465 and $325,000 respectively. Both of those measures were at $320K last week.


The six-week average price edged lower from last week by fifteen hundred dollars to $323,903. That’s ahead of where it was a year ago by nine thousand dollars. Meanwhile, the four-week median price jumped seven thousand dollars from last week to hit $332,603 and claimed an annual gain of nearly 25K.


Average and median prices for Saskatoon homes sold February 8-14 2020



Overbid sales returned to the chart but there were only two, both generating a modest bonus to the seller of just a hundred bucks. On the flip side of the negotiating table, 47 of 53 sales closed below the seller’s asking price netting those buyers an average discount of $13,854.


Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that this chart may show over list price sales, even when I have reported the number as 0. Those sales are typically new properties that spent some period of time on the market, and most likely sold and included additional improvements that were not reflected in the original list price. For example, a new home listed at $450,000 sells at a price of $490,000 after 120 days on the market may have included a basement development that was not anticipated in the listing price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.


Sale price to list price ratios for Saskatoon homes sold through the MLS the week of February 8-14,2020


More weekly stats and numbers for those who love them. 

Saskatoon real estate statistics for MLS home sales from February 8-14 2020



I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


Read

Canadian home sales see their best start to the year since 2008: CREA


The Canadian Real Estate Association (CREA) recently released national sales statistics for January of 2020.


According to the report, "Home sales recorded over Canadian MLS® Systems declined by 2.9% in January 2020, although they remain among the stronger monthly readings of the last few years."


Transactions were down in a little over half of all local markets in January, with the national result most impacted by a slowdown of more than 18% in the Lower Mainland of British Columbia. While there were few notable gains in January, it should be noted that many of the weaker results have come alongside a shortage of new supply in markets where inventories are already very tight."


Actual (not seasonally adjusted) sales activity was still up 11.5% compared to January 2019, marking the best sales figures for the month in 12 years. Transactions surpassed year-ago levels in about two-thirds of all local markets, including most of the largest urban markets. As mentioned, some of the larger markets where sales were down, such as Ottawa and Windsor-Essex, are currently among some of the tightest supplied markets in Canada."



 Highlights of CREA's report

  • National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January.
  • The actual (not seasonally adjusted) activity was up 11.5% year-over-year (y-o-y).
  • The number of newly listed properties was little changed (+0.2%) m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 4.7% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 11.2% y-o-y.

Read the entire report on Canadian MLS® sales for January 2020.


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

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