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Saskatoon real estate: Week in review (April 16-20 2007)

A total of 122 new residential listings hit the Saskatoon real estate market this past week, while 118 homes were reported sold on the Saskatoon MLS®.Close to 80% of those units sold at or above their list price. Properties that sold above list price attracted offers which were on average, $23,403 higher than the asking price. Area 5 recorded the lowest average overbid at $15,761 while buyers of Area 3 homes came in at an average of $34,122 over asking price.


Here’s a quick look at the numbers.


A total of 122 new residential listings hit the Saskatoon real estate market this past week, while 118 homes were reported sold on the Saskatoon MLS®.  Close to 80% of those units sold at or above their list price.  Properties which sold above list price attracted offers which were on average, $23,403 higher than the asking price.  Area 5 recorded the lowest average over bid at $15,761 while buyers of Area 3 homes came in at an average of $34,122 over asking price.

Notable sales


  • Parkridge 4 level split (1,030’) with double garage goes $41,000 over at $261,000.
  • Lakeview condo (953’) in wood-frame, walk up sells for $172,000.
  • Sutherland bungalow (858’) with no garage at $232,000.
  • College Park 4 level split (1,250’) with double garage sells $40,000 over at $340,000.
  • Nutana bungalow (877’) in need of updating tops quarter-million at $254,200.
  • Nutana bungalow on 30’ x 140’ lot with a river view sells $47,000 under list. Priced at $449,000, this would have been a tough sell at only 1,080 square feet.
  • Montgomery 2 storey (1,880’) sells $20,000 under list price after a month on the market, slowed primarily by its “cottage-like” look which has limited appeal in urban areas.


I’m always happy to answer your Saskatoon real estate questions. 


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.
 

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