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Saskatoon real estate: Week in review (February 26-March 2 2007)

Saskatoon residential unit sales increased to 93 homes this past week according to sales statistics from the Saskatoon real estate board.


The average selling price of a Saskatoon home was down close to $13,000 as a result of an unusually high level of activity in Area 4 where prices are generally lower than the other residential areas.


The percentage of homes which sold above the asking price increased to 43%, up from approximately 30% the previous week and 19% the week before that.


The average “overbid” also saw an increase to $6,950 from $6,037 the previous week, and $4,735 the week before that.



February MLS® sales statistics were released Friday and if anyone has any doubt as to the state of the Saskatoon real estate market, this should clear things up. The dollar volume from residential sales increased a whopping 82% as compared to February 2006. Residential unit sales were up 45% over last year to a total of 321 homes. The average selling price of a Saskatoon home increased by 26% to $188,585.


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


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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