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Average price of a Saskatoon home increases $13,000 in October 2007

The Saskatoon Region Association of REALTORS® (SRAR) released its statistical overview of the Saskatoon real estate market for October today. These statistics are based on residential units, of all types, which were reported as having firmed up during the month of October.


According to SRAR, the average selling price of a residential property in Saskatoon hit its highest month end number on record at $255,613, up a full 53% from $166,766 in October of 2006. The “year to date” average reached $230,061, and the six month rolling average was $247,076.


Active residential listings closed the month at 650 units, the highest month end number we’ve seen since May of 2006.


Total unit sales came in at 280 properties, down 8% from October of last year when 303 units were reported sold in the Saskatoon market. October is the first month to see a decrease in unit sales over the same month last year, since January, when lower unit sales could more likely be attributed to a lack of supply than waning demand.


My monthly review will follow in approximately 10 days time. Those numbers will be based on home sales which were actually contracted during October and will include a breakdown between single family homes and condominiums in the five major real estate trading areas of Saskatoon.


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

Norm Fisher, TeamFisher

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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