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Saskatoon real estate week in review: March 1-7, 2015

Saskatoon real estate agents saw an upward turn to homes sales this week as totals grew by 12 compared to the previous week. By the close of business Friday a total of 68 residential deals had been processed through the multiple listing service® coming very close to meeting sales for the same week last year when 70 deals were reported.


New listings also moved higher, but by substantially more than sales as they soared to 187. That was a gain of 31 from last week, and just seven more homes than were listed during the same period a year ago.


The number of active listings on the Saskatoon multiple listing service® forged higher and grew by 23 to 1575 for a lofty annual increase of 365 homes.  Single family homes listings stood at 854 by week’s end for a year-over-year increase of 139 homes. Condo inventory moved to 541 up from 404 a year ago.


With fewer upper end sales in the mix the median sale price of a Saskatoon home tumbled to just $304,000 a level I can’t recall seeing in the past year. The weekly average price moved in the same direction settling at $341,898. The six-week average price hit it’s lowest level in five weeks as it slid to $353,483 to end the week lower than it was at the close of the same week last year by around eighty bucks. Meanwhile, the four-week median price slipped $7500 from last week to end the week at $330,000 for an annual decline of eighteen thousand dollars.


Three Saskatoon real estate sales closed at the seller’s asking price this week, while another seven brought a little more with a selling price that delivered an average bonus of $11,664 to the seller. The other 58 buyers ground themselves a deal that resulted in an average discount of $9,781.


Other notable real estate activity this past week included 37 cancelled and withdrawn listings (32 and five respectively), 61 expired listings and 48 price changes.


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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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