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Saskatoon real estate: Week in review (November 23-30 2007)

The active stock of Saskatoon real estate listings took a significant hit this week, falling to just 543 properties, a decrease of 70 units from last week. Only 487 of those properties are single-family homes (304) and condos (183). A meager total of just 64 new residential listings were offered up for sale, while 78 Saskatoon homes traded hands.


Still, buyers managed to negotiate with sellers and a full 83% of the homes which sold brought prices which were below the asking price by an average of $7,782.


Overbidding was non-existent on Saskatoon’s west end, and not much of a factor in the north and east where only 8 properties fetched prices above list price. I should mention that I did massage these figures slightly this week. One condo, in the Rumley project, was reported as selling approximately $90,000 above the list price. This tweaked my interest and prompted a call to the listing agent. She tells me that the additional dollars reflect upgrades that the buyer chose to have added and that the selling price matches what would have been the asking price had these upgrades been included with the original listing. I was amazed to learn that 9 condos have already been sold in this project fetching prices from around $550K to almost one million dollars.


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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