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Saskatoon real estate week in review: April 19-25, 2015

For the second consecutive week, the Saskatoon real estate market recorded sales in the triple digits. Over the past week 104 residential sales were reported to the multiple listing service®, down 13 from the previous week, and lower than the number reported during the same week last yearby seven homes.


New listings continued to flow on to the market in strong numbers. Local REALTORS® brought 214 properties to the MLS®, down by 48 compared to last week, for a year-over-year increase of 58 Saskatoon homes when compared against the same period last year.


The inventory of active MLS® listings available to buyers crossed the 1900 mark for the first time ever as business would done on Friday. Today we’re sitting at 1901, up 32 units from the previous week’s close for a 510 until year-over-year expansion of the database. The number of available detached houses closed to week at 1062 up from 847 a year ago. The number of available condos is at 641, up from 434 at the close of the same week last year.


Just a slightly greater level of upper end sales pushed the weekly median price up nearly six thousand to $348,250 even as the average sale price for the week slipped lower to $346,000. The longer terms measures took some gains. The six-week average grew by about $2,600 from last week to reach $346,621 for an annual decrease of four thousand dollars. Meanwhile, the four-week median price took it’s third consecutive increase as it reached $337,000 to find itself down by 4K from a year ago.


Eight lucky sellers found themselves dealing with a buyer willing to pay more than their asking price with an average bonus of $9,013. On the other side of the negotiating table 87 buyers made a below list offer and closed the deal with an average discount of $9,418. The remaining nine deals closed at the seller’s asking price.


Other notable real estate activity this past week included 82 cancelled and withdrawn listings (75 and seven respectively), 17 expired listings and 91 price changes.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


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.

The Saskatoon Region Association of REALTORS® (SRAR) IDX Reciprocity listings are displayed in accordance with SRAR's MLS® Data Access Agreement and are copyright of the Saskatoon Region Association of REALTORS®.
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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