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Saskatoon real estate: Week in review (March 26-30 2007)

The average selling price of Saskatoon homes topped $200,000 for the third consecutive week.


Sales reported to the Saskatoon Real Estate Board over the past week averaged sale prices of $210,804, up over $10,000 from the week before. This is the first week since I started the “Week in review” where the average list price exceeded $200,000.


The percentage of homes which sold at or above asking price was 64%, a number which seems to be fairly typical over the last several weeks. Area 5 was the clear winner in this category with about 80% of homes reported sold selling at or above their asking price.


The “average overbid” in the case where a property sold above asking price was almost the same as the previous week’s number at $14,076.


Total active listings of single-family homes and condominiums numbered 226 which is a marginal decrease from the week before.


Some of the more notable sales include the following:


  • The typical Lakeview “apartment-style condo” breaks a new record with a 2 bedroom unit selling at $150,500.
  • 1,300 square foot townhouse in University Heights goes for $30,000 above asking price at $245,000.
  • 950 square foot bungalow at Cumberland and College brings $265,000.
  • 1,170 square foot bungalow on a busy Lawson Heights street fetches $290,000.
  • 1,040 square foot bungalow in Mount Royal sells for $204,000.
  • 1,160 square foot Fairhaven bi-level finds a new owner at $240,000.

I’m always happy to answer your Saskatoon real estate questions. 


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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