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Saskatoon residential resale market ends Q1/2011 strong: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for March, 2011today, accompanied by this release.


First quarter sales for 2011 continued to be strong. Saskatoon REALTORS® assisting 346 home buyers with the purchase of their dream home. This number was down 4% from March of 2010 when 359 homes were sold. Year-to-date, unit sales numbers stand at 821, up 6% from 2010 when the total stood at 772. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of March was 36.



The average residential selling price in March was $294,025. This number is up 4% from March of 2010 when it was $282,393.



REALTORS® listed 694 homes in March, down 6% from March of 2010 when 739 properties were listed for sale. Year-to-date, 1769 homes have been listed for sale, up 11% from when the 2010 first quarter ended with 1599 being placed on the market. Home buyers had 1219 homes to choose from at the end of March.



In areas surrounding Saskatoon, sales were very active with 91 homes selling, down 6% from March of 2010 when 96 homes were sold. REALTORS® listed 274 properties in these areas in the month of March. That number is down 9% from March of 2010 when 300 properties were placed on the market. Year-to-date, 664 properties have been listed for sale, up 9% from this time in 2010. The average number of days to sell in areas around Saskatoon during the month of March was 66.


The new home market remains strong with steady city lot sales taking place. Interest rates remain unchanged being favorable to purchase that next home. Job creation in the Saskatoon area remains steady. The forecast for the next quarter of 2011 is for listing and sales numbers to continue to balance and for prices level or move up slightly due to demand.


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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