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

Following a couple of weeks which showed some signs that the market may be cooling off, Saskatoon real estate buyers came out in a big way and resumed the aggressive bidding which we’ve become accustomed to seeing here.


The average selling price of a Saskatoon home crept above to quarter million dollar mark again this week after dropping to $242,413 the week of July 2, and further to $237,032 the week of July 9. Average overbids bounced back above the $25,000 mark.


Area 3 home buyers were most eager to purchase property. The average overbid in the area which begins at downtown Saskatoon and extends north to the city’s edge between Idylwyld Drive and the river valley came close to hitting $50,000, albeit on a fairly small number of total sales. Prior to this week we haven’t seen this number break the $40,000 mark in any area.



Notable sales


  • Lakeview apartment (867’) listed at a whopping $189,900 finds a buyer at $225,000
  • Forest Grove one bedroom apartment (635’) listed at $129,900 sells for $145,600 (Consider that I sold one of these units on July 1, 2006 for $64,000, and then resold the same unit on March 27, 2007 for $120,000. This recent sale represents a 129% increase in just over a year)



See a Google map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports


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.
 

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