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January homes sales soften slightly from same month last year: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for January 2010today, accompanied by this release.


Saskatoon REALTORS® assisted 179 homebuyers with the purchase of a home during January of 2010. This number was down 16% from January 2009 when 212 homes changed hands.



The average residential selling price was $270,191 down 3% from January 2009, which had an average residential selling price of $ 278,939. The average selling price declined slightly due to the increased number of sales in the $ 250,000 to $275,000 price range. This price range had the highest number of unit sales in January.



Inventory levels continued to correct in the month of January with fewer listings being taken. REALTORS® listed 394 residential properties, down 23% from January 2009 when 512 properties were listed for sale. Home buyers had 736 homes to select from at the end of January as compared to the same time last year when 1156 homes were available for sale. January’s number is up slightly from December 2009 when 703 properties were available for purchase.



The residential dollar volume of $48,364,000.00 was down 18% due to lower sales numbers and increased activity in the mid price range of homes. Dollar volume is expected to increase significantly as the year 2010 progresses.


The real estate market in areas surrounding Saskatoon was very active. Unit sales were up 17% in January with 34 units selling as compared to 29 units selling in the same month last year. The average selling price was $214,976 up 5% from January 2009 when the average selling price was $204,166. January dollar volume was $7,309,200 up 23% from January 2009.


The real estate market is expected to remain steady for the first quarter of this year. Days to sell in January were 38 days on average within the city limits and 59 days in areas surrounding the City of Saskatoon. Consumer confidence remains high, interest rates are low, both factors contributing to a healthy 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.


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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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