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Saskatoon real estate: Week in review (June 25-29 2007)

This past week I heard many agents remark that they hadn’t received offers on their listings at presentation time.Based on the chit-chat that goes on I can’t help but feel that the Saskatoon real estate market is beginning to change but once again, the numbers tell a different story.


Saskatoon homes continued to sell at a hectic pace with 120 units changing hands. While the average selling price and the average overbid were both down slightly from the previous week, the percentage of Saskatoon homes which sold above the asking price remained pretty steady at about 70%. All of the home sales reported in area 3 were above asking price. Area 4 showed the lowest percentage of over list price sales again at 50%.


Active Saskatoon real estate listings of houses and condos reached slightly higher levels closing the week at 341 units.There are a total of 366 properties showing and active status including duplexes and semi-detached homes, still about half of what we would like to see at this time of the year.




Notable sales


  • Another executive home in Erindale fetches $900,000.
  • Two Lakewood townhomes (Tuscany) sell in the high 280’s. This is particularly remarkable when I consider that one of my buying clients moved into a similar unit in the same project on July 28, 2006 which she bought new for $125,500.
  • Haultain bungalow (672’) with a single garage goes for $241,395.
  • Mayfair bungalow (580’) with a double garage and located on a busy street sells for $172,000.
  • Caswell Hill bi-level (998’) without a garage brings $233,900.


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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