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Saskatoon real estate: Week in review (July 13-17 2009)

Saskatoon real estate agents reported ninety-two sales of single-family detached homes and condominiums to our MLS system this week, a gain of just one property compared to the previous week, and up twenty-one homes compared to the same week last year.


New listings of houses and condos increased to one hundred and fourteen properties, up from one hundred and three last week, but down fifty-two units compared to the same week last year when one hundred and sixty-six Saskatoon homeswere offered up for sale.


Click the image for a larger version of the graph.



Total active residential listings fell again sliding by nine units from last week to finish at 1310, a decline of roughly twelve percent compared to this time last year when 1500 properties were available.



Sixty-three home sellers adjusted their asking price this week while another fourteen canceled and relisted their property, most at a new price.


The average selling price of a home in Saskatoon retreated and fell just over $16,000 compared to last week to settle at $284,638. The six-week average held steady on a week-over-week basis at $281,555, but was sharply lower year-over-year, down from $304,824. The four-week median edged up $2,500 compared to last week, down $11,000 compared to the same week in 2008 when it reached $290,000.


Click the image for a larger version of the graph.



The average underbid slid to $11,605, down from $14,262 last week. The average discount came in at 4% of the asking price.



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.


Follow our daily updates on Twitter @Norm_Fisher.


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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