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Saskatoon residential real estate sales volume breaks $1 billion in August 2012: SRAR


The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for August of 2012 today accompanied by the following release.


The total residential dollar volume for homes sold within the city of Saskatoon for 2012 exceeded $1 billion by the end of August, two months ahead of last year. The year-to-year number of transactions is up nine percent over last year while the number of new listings is on par with 2011. “Although the sales activity for August was down compared to August of 2011 the average sale price rose eight percent to $330,597,” according to Jason Yochim, Executive Officer of the Saskatoon Region Association of REALTORS®. “Saskatoon has experienced strong sales overall in 2012 with a total of 4,049 sales in the city compared with 3,718 by this time in 2011.”Currently, there are a total of 1,234 active listings in Saskatoon which represents just over two listings per REALTOR®.



Sales under $250,000 remained consistent with 2011 while there were considerably more sales above $250,000 which aids in pushing up the average price. “By the end of August there were 251 sales over $500,000 compared with 162 for the same period last year including 9 sales over $1,000,000,” says Yochim.


The rural market surrounding Saskatoon also experienced a slowdown in the number of transactions in August, down nineteen percent when compared to the same month last year. Year-to-date, total unit sales of 775 represent a five percent increase over 2011. The year-to-date average selling price in the market outside Saskatoon remains virtually unchanged at $282,452.


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 me.


Norm Fisher

RoyalLePage 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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