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Saskatoon real estate market update for November, 2006: SRAR

The Saskatoon Real Estate Board released the MLS Listings and Sales statistics for November of 2006 yesterday.

Residential sales for the month totaled 230 units, down just one percent as compared to November of 2005. The average selling price for the month was $167,480 representing an increase of 10 percent for the same month last year.

The most notable numbers were the “active residential listings” which hit a new low of just 363 units across all Saskatoon areas and all price ranges. In my fourteen years in Saskatoon real estate, I can’t recall a time when active listings ever fell below 400 units.


Demand continues to be fairly high for this time of year. There are people out there who want to buy a home. If you’re considering offering your property for sale in the near future, now would be an excellent time to capitalize on the high demand and the unusually low supply of Saskatoon homes. I expect that we will see more units come available in the New Year as people building new houses begin to see the light at the end of the tunnel and start planning to sell their existing home. If you’re buying a home, waiting until January may be a good strategy.


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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