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Saskatoon real estate market activity strong in March, 2012: SRAR

The Saskatoon Region Association of RealtorsÒ (SRAR) released the MLSÒ residential real estate statistics for March of 2012today, accompanied by the following release.


“The Saskatoon marketplace experienced a 14 percent increase in the number of sales, year-to-date, when compared to the first quarter of 2011,” reports Jason Yochim, Executive Officer of the Saskatoon Region Association of REALTORS® (SRAR) today.  At the same time, the number of new listings was down 2 percent year-to-date when compared to 2011. “The total number of listings available in Saskatoon at the end of March was 1053, a decrease of 166 units from the same time a year ago.”


“Sales in all price ranges were strong with the greatest activity occurring in homes priced over $350,000 where sales were up 140 percent year-to-date over 2011. Sales in the $450,000 to $500,000 price range increased 243 percent compared to last March,” said Yochim. “The average year-to-date sale price in Saskatoon continues to rise, increasing by 9 percent to $318,946 while the median sale price was $309,900.”





The market continues to remain in balanced territory in Saskatoon with a sales-to-listing ratio of 54 percent, according to Yochim, “Although the market is in balanced territory, the strong demand for housing is putting upward pressure on pricing. This increase in the average sale price should remain in the 5 – 10 percent range as we approach spring when we traditionally see an increase in the number of listings,” Yochim summarized.


Jason Yochim

Executive Officer

Saskatoon Region Association of REALTORS®


I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.


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Norm Fisher
Royal LePage Saskatoon Real Estate

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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