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Saskatoon real estate week in review: June 10-16, 2012


Saskatoon real estate agents saw the fewest number of sales in the past ten weeks this week. A total of 87 house and condo listings were reported sold to the Saskatoon MLS® system, down 19 units from the previous week and below numbers recorded during the same week last year by 14.


New listings added to the multiple listing service® this week also took a downturn falling 40 units from last week to 143 to finish ahead of the same week last year by seven.


Click the image for a larger version of the graph.



The total number of MLS® listings showing an active status on the system moved ahead again growing by 25 units this week to 1237 for a year-over-year decline of about 180 homes. Today, there are 735 single-family homes and 428 condominiums available to purchasers within the city of Saskatoon. At the close of the same week a year ago those numbers stood at 841 and 518 respectively.


Click the image for a larger version of the graph.



A few more upper-end sales brought average prices bouncing back again. As the average sale price of a Saskatoon home picked up almost twenty thousand dollars compared to last week to reach nearly $340K, the median price for the week managed to slide another 10K below the previous week’s finish to settle at was $306,700. The six-week average price edged ahead almost three thousand dollars from last week to reach $338,165 for a year-over-year gain of about twenty-three thousand dollars. The four-week median slipped lower by five thousand dollars over the week to settle at $320,000 and claim an annual gain of twenty-five thousand dollars.


Click the image for a larger version of the graph.



The number of sales that occurred above the seller’s asking price slipped lower to just five. The average overbid was fairly small at just $300. Another ten sellers received and accepted offers at the full asking price while 72 of this week’s 87 sales came in below the asking price with an average discount of $8,785 required to close the deal.


Other action on the Saskatoon MLS® this week included 53 canceled and withdrawn listings, 11 expired listings and 50 price changes.


Click the image for a larger version of the chart.



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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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®.
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