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After three weeks of growth culminating in a new annual peak, Saskatoon real estate sales fell lower to 109. That’s down from the previous week by 37 and lower annually by 28.


The new listing activity headed south for the second week in a row to 209, down from 218 last week, and lower on a year-over-year basis by 46.


Saskatoon real estate sales and new listings sold through the MLS from May 21-27, 2022



The number of Saskatoon homes showing an “active” status grew again for the seventh consecutive week, adding ten from last week’s close reaching 1149. That’s 411 fewer residential listings than could be found on the MLS® at the same time last year.


The number of single-family homes for sale grew for the third week in a row. At the close of the first week of May, the total inventory in this category was just 535. It has since risen to 625 for a weekly increase of 28, and an annual decline of 78.


Condo inventory remained steady on a weekly basis with 437 options, down 272 units from this time last year.


Once again, “months of inventory” grew in two of the three categories we track.


All residential - 1149 active listings / 534 sales = 2.2 month supply (up by 0.1 months from last week).


Single-family homes - 625 listings / 304 sales = 2.0 month supply up 0.1 months from last week).


Condos - 437 listings / 195 sales = 2.2 month supply. (down by 0.1 months from last week).


Active residential listings on the Saskatoon MLS on May 28, 2022



With 30 sales reporting at a price below the quarter-million-dollar mark and just a handful of deals at a price above $600K, the weekly median and average prices fell lower to $337,450 and $334,770 respectively. 


Still, the six-week average price managed a new peak for the year at $375,070. That’s higher than it was last week by about two thousand dollars and lower annually by just under five thousand dollars.


The four-week median price also edged up growing by $1250 from last week to hit $355,000. That’s lower than it was a year ago by close to 15K.


Average and median prices for Saskatoon homes sold through the MLS from May 21-27, 2022



The number of home sales that were reported to have sold for more than the asking price fell sharply from 48 last week to just 28 this period. On average, those sellers saw a hefty bonus of $17,675. Meanwhile, 70 of the week’s 109 sales reported a price that was, on average, $9,941 below the list price.


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. A description of the geographic boundaries of areas 1 through 5 is here.


List price to sale price ratio of Saskatoon homes sold through the MLS from  May 21-27, 2022


More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for homes sold through the MLS from  May 21-27, 2022



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


TeamFisher.com hosted over 520,000 user sessions last year and displayed more than 4.4 million pages to our visitors. 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 306-900-4161 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


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Saskatoon home sales grew for the third consecutive week to reach a new seven-day high for the year. Local agents reported 146 residential sales, which is higher weekly by 29 units, and up annually by 14. This is just the third of 20 weeks this year in which residential sales grew on a year-over-basis.


The new listing activity stayed above the 200 level for the third week in a row as 218 Saskatoon homes were added to the MLS®. That’s five fewer homes than hit the market last week, and it’s lower by 29 when compared to activity over the same week last year.


Saskatoon real estate sales and new listings sold through the MLS from May 14-20, 2022



The inventory of active residential listings available on the multiple listing service® inched higher, now for the sixth consecutive week. As the week wrapped up, home buyers had 1139 properties to choose from, up 25 from last week’s close and down annually by 382 (25%).


All of the growth was in the single-family homes category. The final tally of detached homes available at the end of the week was 597, which is up 31 from last week and lower annually by 112 (16%). Condo inventory fell lower by 12 units to settle at 437 for an annual drop of 266 units, a 38 percent decline.


After falling lower for the past three weeks, 30-day sales spiked higher and broke the 500 mark for the first time this year. Saskatoon real estate agents have reported 536 homes sold over the past 30 days, up from 418 last week. 


Once again, “months of inventory” grew in two of the three categories we track.


All residential - 1139 active listings / 536 sales = 2.1 month supply (down by 0.2 months from last week).


Single-family homes - 597 listings / 319 sales = 1.9 month supply (same as last week).


Condos - 437 listings / 190 sales = 2.3 month supply. (down by 0.4 months from last week).


Active residential listings on the Saskatoon MLS on May 21, 2022



Luxury home buyers were out big last week with the top four sales averaging a price well above one-million dollars each. Consequently, both the weekly median and the weekly average took large jumps to $363,400 and $390,816 respectively.


After four weeks of stability, the six-week average price moved up and reached a new high for the year at $373,089. That’s up by about four grand from last week but falls short of last year’s number by six thousand dollars.


The four-week median price pushed higher by roughly two thousand dollars on a weekly basis, this period reaching $353,750. That number is also lower annually by just a bit more than six thousand dollars.


Average and median prices for Saskatoon homes sold through the MLS from May 14-20, 2022



For the second week in a row, the number of Saskatoon homes that sold for more than the asking price reached a new annual high. During this period, 48 sellers closed their sales with an average overbid of $14,623. Meanwhile, 76 homes sold for less than the asking price to generate an average discount of $13,625.


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. A description of the geographic boundaries of areas 1 through 5 is here.


List price to sale price ratio of Saskatoon homes sold through the MLS from  May 14-20, 2022


More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for homes sold through the MLS from  May 14-20, 2022


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


TeamFisher.com hosted over 520,000 user sessions last year and displayed more than 4.4 million pages to our visitors. 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 306-900-4161 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


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Canadian home sales fall lower as interest rates skyrocket: CREA

The Canadian Real Estate Association (CREA) recently released national sales statistics for April of 2022.


Home sales recorded over Canadian MLS® Systems dropped by 12.6% between March and April 2022. The decline placed monthly activity at the lowest level since the summer of 2020." 


Following a record-breaking couple of years, housing markets in many parts of Canada have cooled off pretty sharply over the last two months, in line with a jump in interest rates and buyer fatigue,” said Jill Oudil, Chair of CREA. “For buyers, this slowdown could mean more time to consider options in the market. For sellers, it could necessitate a return to more traditional marketing strategies. Of course, there are significant regional differences, so your best bet is to contact your local REALTOR®."


 Highlights of CREA's report•                     

                     National home sales dropped by 12.6% on a month-over-month basis in April.

                     Actual (not seasonally adjusted) monthly activity came in 25.7% below the monthly record set in 2021.

                     The number of newly listed properties was down 2.2% month-over-month.

                     The MLS® Home Price Index (HPI) edged down 0.6% month-over-month but was still up 23.8% year-over-year.

                     The actual (not seasonally adjusted) national average sale price posted a 7.4% year-over-year gain in April.

Read the recently released national sales statistics for April of 2022.


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


TeamFisher.com hosted over 520,000 user sessions last year and displayed more than 4.4 million pages to our visitors. 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 306-900-4161 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


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In step with a growing number of new Saskatoon real estate listings, sales grew for the second week in a row, this period reaching 117 for a weekly increase of four and an annual decline of 16.


Local REALTORS® added 223 new residential listings to the MLS® system, the largest number we’ve seen any week this year. That’s up just three from last week, which saw a sudden and significant spike. Still, that’s 43 fewer listings than we’d seen over the same week last year.


Saskatoon real estate sales and new listings sold through the MLS from  May 7-13, 2022



At the close of business Friday, the number of Saskatoon homes for sale on the multiple listing service® had grown to 1114 as it took its largest gains since early February. We finished the week with 54 more active listings than we had a week earlier, but well down from levels recorded at the close of the same week last year when 1489 properties showed as “active” on the system.


The single-family homes category saw a good spike as available detached houses grew by 31 to 566, down from 697 a year ago. Saskatoon condos for sale remained steady on a weekly basis at 449 but fell annually by 245 units.


30-day sales continued to fall lower, now for the third consecutive week. During this period, that measure came down by ten to 481.


Once again, “months of inventory” grew in two of the three categories we track.


All residential - 1114 active listings / 481 sales = 2.3 month supply (up by 0.1 months from last week).


Single-family homes - 566 listings / 296 sales = 1.9 month supply (same as last week).


Condos - 449 listings / 164 sales = 2.7 month supply. (up by 0.2 months from last week).


Active residential listings on the Saskatoon MLS on May 14, 2022



Nearly 30 sales below the quarter-million-dollar mark helped usher the median sale price for the week lower to $343,250. The average sale price fell as well to $373,397.


The six-week average price took its third weekly decline, this week losing a bit more than a thousand dollars as it settled at $369,150. That’s lower than it was a year earlier by about eleven thousand dollars.


Meanwhile, the four-week median price took some small gains as it grew by fifteen hundred dollars to $351,500. That’s down from the close of the same week last year by more than 30K thanks, at least in part, to a growing number of sales of entry-level condos.


Average and median prices for Saskatoon homes sold through the MLS from May 7-13, 2022



The number of Saskatoon homes that sold for more than the list price spiked higher to 36, up by ten from last week, while the average overbid amount grew almost three thousand dollars to $18,192. The 68 homes that sold for less than the seller’s asking price saw an average discount of $9,450.


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. A description of the geographic boundaries of areas 1 through 5 is here.


List price to sale price ratio of Saskatoon homes sold through the MLS from  May 7-13, 2022


More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for homes sold through the MLS from  May 7-13, 2022



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


TeamFisher.com hosted over 520,000 user sessions last year and displayed more than 4.4 million pages to our visitors. 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 306-900-4161 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


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This week, Saskatoon real estate sales saw a small upward bounce growing by seven to reach 113, to finish lower than the same week last year by 20 units.


The new listing activity reached its highest point for any week this year as 220 home sellers offered their homes for sale on the MLS®. That’s up 46 from last week, but down 73 listings on an annual basis.

 
 

Saskatoon real estate sales and new listings sold through the MLS from  April 30 - May 6, 2022



The number of homes for sale in the Saskatoon MLS® grew for the fourth consecutive week. By the close of business Friday, total inventory was at 1060, for a weekly gain of 27, and an annual drop of 377 homes.


In the mix, we have 535 single-family homes, down two from last week’s close, and lower annually by 144. Available Saskatoon condos for sale grew from 423 last week to 449 to finish the week lower on a year-over-year basis by 223.


30-day sales fell lower for the second week in a row, falling by just one compared to the previous period to settle at 491. 


Months of inventory” grew in two of the three categories we track.


All residential - 1060 active listings / 491 sales = 2.2 month supply (up by 0.2 months from last week).


Single-family homes - 535 listings / 287 sales = 1.9 month supply (same as last week).


Condos - 449 listings / 183 sales = 2.5 month supply. (up by 0.1 months from last week).


Active residential listings on the Saskatoon MLS on May 7, 2022



After a bit of a break last week, activity in the Saskatoon luxury home market took an upward bounce that pushed both the weekly median price and the average sale price substantially higher. Those measures reached $365,000 and $388,433 respectively.


The six-week average remained stable for the third week in a row, It sits at $370,279 which is about 5K lower than it was at the close of the same week last year.


The four-week median price fell lower from last week by almost 13K. It closed the week at $350,000 which is lower than it was for the same week last year by twenty thousand dollars.


Average and median prices for Saskatoon homes sold through the MLS from  April 30 - May , 2022



This week, the number of Saskatoon homes that sold over the asking price slipped lower to 26. On average, those homes saw an average overbid of $15,287. Meanwhile, 68 sales were reporting a sale price that was below the seller’s asking price by an average of $12,329.



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. A description of the geographic boundaries of areas 1 through 5 is here.


List price to sale price ratio of Saskatoon homes sold through the MLS from  April 30 - May , 2022


More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for homes sold through the MLS from  April 30 - May, 2022



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


TeamFisher.com hosted over 520,000 user sessions last year and displayed more than 4.4 million pages to our visitors. 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 306-900-4161 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


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The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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