The February resale market remained strong with Saskatoon REALTORS® assisting 282 home buyers with the purchase of their next home. This number was up twenty percent from February of 2010 when 235 homes were sold. The $250,000 to $275,000 price range was the most active, indicating greater activity in the entry level and mid price range of homes. The average number of days to sell in the month of February was 41.
Home buyers had 1,046 homes to select from at the end of February, up from February 2010 when 866 homes were on the market. REALTORS® listed 545 homes in February, up seventeen percent from February of 2010 when 465 properties were listed for sale. Home buyers are enjoying improved inventory levels as 1,076 properties have been listed for sale to date this year, up twenty-five percent from 2010.
Home buyers had 1,046 homes to select from at the end of February, up from February 2010 when 866 homes were on the market. REALTORS® listed 545 homes in February, up seventeen percent from February of 2010 when 465 properties were listed for sale. Home buyers are enjoying improved inventory levels as 1,076 properties have been listed for sale to date this year, up twenty-five percent from 2010.
In areas surrounding Saskatoon, sales activity continued to improve with 63 homes selling, up sixty-six percent from February of 2010 when just 38 homes were sold. REALTORS® listed 177 properties in these areas in the month of February. That number is up two percent from February of 2010 when 173 properties were placed on the market. The average number of days to sell in areas around Saskatoon during the month of February was 58.
Optimism in the Saskatoon economy remains high. Evidence of this is seen on numerous fronts. Renters want to purchase, many current home owners are looking to move up and REALTORS® report significant interest from clients wanting to move here from out of province.
An important factor of a strong housing market is the activity experienced in new home sales. Saskatoon’s new home market remains strong with steady city lot sales taking place. Interest rates are favorable to purchase that next home and job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for resale prices to 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