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Saskatoon real estate: Week in review (November 5-9 2007)

New listings of Saskatoon houses and condos remained stable with those reported the previous week while total unit sales took a small step forward to 76 properties, from 71 the week before. While sale numbers are definitely weaker in recent weeks, the ratio of sales to new listings is strengthening and total active listings are once again on the decline. At the close of the week, the Saskatoon Multiple Listing Service®was showing just 652 active real estate listings, down from close to 690 just a couple of weeks ago. Still, active listings are approximately 50% higher than they were at this time last year.


The percentage of Saskatoon real estate listings selling above the asking price was up again but the average overbid fell to its lowest level since early March. Buyers managed to negotiate a downward deal on 71% of all reported homes sales, and on average, to the tune of more than $10,000. This is surely an indication that sellers are much more inclined to over price their homes, but they seem to understand that some negotiation may be required to close the deal.


The average selling price took a fairly big hit this week, primarily a result of more condo sales, and a pretty good handful of area 4 properties which sold below the $80,000 mark.


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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