CONTACT

Saskatoon real estate week in review: December 5-9, 2011

Saskatoon real estate sales and new listing activity both fell back in line with historical norms this week. Agents reported a total of 56 house and condo sales to the multiple listing service®, a decline of 20 units when compared to the previous weekbut on par with sales reported for the same week last year.


Coming off of the strongest week for new listings in two months time, numbers fell sharply by 44 units compared to last week but finished five units lower than the new listing total for the same time period in 2010.


Click the image for a larger version of the graph.


Total active listings in the residential category slipped lower again, but they’re moving lower at a slower pace than is typical at this time of year. The numbers slipped by just 13 from last week to 1062 and finished higher on a year-over-year basis for the fourth consecutive week, this week logging the largest annual gain of 66 properties. Today’s active inventory shows 602 single-family homes and 396 condominiums. Last year at this time, those two categories stood at 544 and 395 respectively.


Click the image for a larger version of the graph.


Cancelled and withdrawn listings continued to decline as just twenty-four properties were pulled for the market. Eleven of those reappeared the same day as a new listing. An additional 32 sellers adjusted their price hoping for an early Christmas gift in the form of a sold sign. Another 17 listings came off of the market when they expired at the end of their term without a sale.


Weekly prices slipped lower again as the average sale price of a Saskatoon home fell more than fifteen thousand dollars from last week to $303,521. The median price slid even more dropping almost thirty thousand dollars from last week to close at just $275,100. Still, the six-week average sale price managed to increase by two thousand dollars to $317,007 for an annual gain of over seven thousand dollars. The four-week median price slipped two thousand dollars from last week to $297,850 and finished marginally lower on an annual basis for the second week in a row.


Click the image for a larger version of the graph.


For the first week in almost a year, there were no overbid sales reported. Eleven sellers did manage to close a sale at their full asking price while 45 of 56 sales required some pencil sharpening to close. In those instances, buyers managed an average discount of $10,659.


Click the image for a larger version of the chart.


Our Saskatoon home search tool offers MLS® listings from all real estate brands with the most detail and information available anywhere. Check it out here.


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.
 

Posts By Date

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.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatoon Region Association of REALTORS® displayed on this site is refreshed every 2 hours.
Google Analytics Alternative