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Saskatoon real estate week in review: May 10-16, 2015

It was a strong sales and listing week for Saskatoon real estate agents who processed a total of 102 firm residential sales, up six from last week but falling shy of sales generated during the same week last year by 14 homes. Meanwhile, 249 residential properties hit the MLS® as a new listing, down two from the previous week, but up from the same time period in 2014 when 241 Saskatoon homes were offered for sale.


 Active Saskatoon real estate listings in the residential category of the multiple listing service® broke 2,000 this week for the first time ever. As of this morning, home buyers have 2004 properties from which to chose for a weekly increase of 37 listings, and an annual increase of 495 homes leaving residential inventory up by 33 percent from where it was a year ago. A closer look by category shows 1112 single-family homes available to Saskatoon home buyers, up from last year at this time when levels were just above 900 for an annual gain of 23 percent. Condo inventory moves from 482 one year ago to 701 today for an increase of roughly 46 percent. Wow!


 The average sale price of a Saskatoon home came off of the sharp peak we saw last week and settled back at 352,348 while fewer upper end sales also caused the median to head for lower ground as it slipped to $345,750. Both of our longer term measures showed continued growth with the six-week average edging up more than $5,000 to reach very near to previous highs seen earlier this year. It closed the week at $358,406 after making its fifth consecutive weekly gain for an annual increase of about $8,000. The four-week median took its sixth weekly increase finishing the week at $347,000 to find itself up from this time last year by about $7,000.


Once again, seven buyers made an offer that exceeded the seller’s asking price, with an average overbid of $9,936. Meanwhile 83 buyers ground themselves a discount averaging $9,681 to firm up the home they wanted to own. The other 12 transactions closed at the seller’s asking price.


Other notable real estate activity this past week included 101 cancelled and withdrawn listings ( 95 and six respectively), 31 expired listings and 95 price changes.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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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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