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.
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