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Saskatoon real estate: Week in review (July 2-6 2007)

Reported sales of Saskatoon homes dropped to their lowest point since I started the week in review. Saskatoon real estate agents reported 63 firm sales in residential categories (excluding semi-detached) for the week, a drop of nearly 50% from the previous week.


Meanwhile, 130 new listings came on the market and active residential listings in Saskatoon finally inched over the 400 mark. A total of 402 property listings are displaying an “active” status on the Saskatoon Real Estate Board MLS®.


In spite of the fact that sales were remarkably low in comparison to listing activity, strong overbidding continued to be fairly prevalent with 67% of sales being reported above the asking price, and the average overbid dropping just slightly from the week before to $25,533.



One can’t help get the sense that Saskatoon residents who have been unsuccessful in purchasing a home are growing weary. Affordability is certainly a factor as the average selling price of a Saskatoon home tops the quarter million dollar mark. There still seems to be a large number of “out of province” buyers who remain active. My recent listings show an increasing percentage of the buyers who are making offers are moving to, and not within Saskatoon.



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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