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Saskatoon real estate week in review: September 14-20, 2014


Saskatoon home sales reached their highest point since early August as local real estate agents reported 102 house and condo sales to the multiple listing service® for a weekly increase of four, topping numbers for the same period last yearby 18.


New listings were fairly stable on a weekly basis with 215 being added to the system, down just three from last week and up a whopping 54 homes compared against last year’s numbers.


The total inventory of active listings on the Saskatoon MLS® made sizeable gains for the second week in a row to crack the 1600 mark and reach a new high for 2014. Today’s searches show 1614 Saskatoon homes being available to buyers, 20 ahead of last week’s close and up on levels recorded on the same date last year by 235 homes. The number of single-family homes found on the MLS® system has increased from 850 to 1002 from a year ago. Condo inventory has grown from 418 to 474 over the same period.


Upper end activity ramped up a bit and pushed the weekly median price of a Saskatoon home higher to $348,700. With a single sale approaching $1.3 million in the mix the average price took a similar bump and closed the week at $355,633. The longer term price measures both moved higher this week. The four-week median took the larger gain of almost 10K for the week to reach $347,000 and claim a twenty thousand dollar year-over-year increase. Meanwhile, the six-week average price of a Saskatoon home inched ahead to $352,859 for annual growth of ten thousand dollars.


Overbid sales fell flat to just one deal. That one went over the seller’s listed price by $2,100. Another seven homes sold at full price while the remaining 94 went for less than the asking price by an average of $10,062.


Other notable real estate activity this past week included 88 cancelled and withdrawn listings (84 and 4 respectively), 21 expired listings and 74 price changes.

Highlights from the news this week

RMs cashing in on land rush - Star Phoenix
Regina real estate market bucks national trend - Leader Post
Summer’s end cools of housing market - Globe and Mail
Canadians’ household debt burden edges higher in second quarter - Globe and Mail
Data shows home price will continue to rise - Globe and Mail
CREA boosts annual forecast as August sales surge- BNN


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


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 Saskatoon Real Estate

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®.
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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