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Saskatoon real estate: Week in review (May 28 - June 1 2007)

It was another big week for reported sales with a total of 146 units and while the “average overbid” across all Saskatoon real estate areas reached its highest level at $27,770 the percentage of listings which sold for more than asking price dropped to its lowest level since the last week of March. Contributing to the decline is a condo conversion project in Area 2 where the developer is actually selling condos for the asking price. Their agents reported 8 “at list” price sales. Area 4 sellers had some challenges pushing buyers above asking price and only about 33% found success in doing so.


Saskatoon real estate sales and listing stats for the week of May 28 - June 1 2007


Some of the more notable sales include;


  • Showy Arbor Creek bungalow (1,010) square feet on one of the main roads with a double attached garage and an open basement brings $350,000.
  • Nutana area two-storey of just 1,193 square feet with a double detached garage goes for $300,500.
  • Silverwood bi-level of 1,208 square feet with a double attached garage sells for $391,000.
  • Fairhaven coach home of 1,100 square feet fetches $180,100.
  • A tip of the hat to Metro Developments who is marketing a condo conversion project at 315 East Place and is represented by Remax Saskatoon for actually picking a list price and allowing buyers to purchase units at that price.


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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