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A closer look at our closer look reveals the sky is not falling on the Saskatoon real estate market

On April 15 when I posted my “Closer Look at the Saskatoon Real Estate Statistics for March, 2008,” I expressed some concern about the accuracy of the numbers and even included a disclaimer warning that there may be some accuracy issues. Indeed, there were. That post has been updated today and I can’t guarantee that it won’t require another update at some future point.


While most of our statistical reports use data based on the date that the sale was reported, our “Closer Look” dissects the sales based on the contract date. We’ve chosen the middle of the following month as our reporting date, but as we explain in our “Data Collection and Calculation” page, there is always a possibility that more sales conducted during that period could be reported late.


My initial report included data based on 306 units which were showing as sold at the time that I published that report. By this weekend, the number had increased to 364 units, a pretty substantial difference, so I thought I should call this edit to your attention. These latest monthly figures are more in line with the weekly sales that we’ve been reporting in the Week in Review. While we are still showing fewer units sales year over year, the difference is actually quite marginal, at least in comparison to what was initially reported.


In reviewing the sales from March 2008, we see a decline in total unit sales of 6%. The number of single-family homes sold dropped 21% while condominium sales increased by 41%. Prices reported in our initial post were nearly identical on the update.


So, I extend my apologies to the bears that frequent this blog for getting you all excited. I’m sorry to have led you to believe that the sky might be falling on the Saskatoon real estate market.


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.


Follow our daily updates on Twitter @SaskatoonHomes.


Norm Fisher
Royal LePage Vidorra

Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

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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