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Slightly quieter Saskatoon residential real estate market in October, 2011: SRAR

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

Heading into the fall, activity was down slightly for Saskatoon REALTORS® in the month of October with 309 residential properties changing hands compared with September which saw 365 sales. The trend of sales increasing over the same month last year continues however as we saw a 19% increase over October 2010 when 260 properties sold. Currently the total residential sales to date this year is 3,491 up 13% from 2010 when the total stood at 3,083 for the end of October. The $300,000 to $350,000 price range continues to be the most active with 80 sales. The average number of days to sell in the month of October was 41.

The average residential selling price in October increased to $327,245 from $294,133 in October of 2010 reflecting an 11% increase. At the end of October, the year-to-date average selling price was $309,197 up 5% from year-to-date numbers at this point in 2010 when it was $294,690. Properties listed in October totaled 557, up 23% from the same month a year ago. Year-to-date, 6,326 homes have been listed for sale, up 4% from this time in 2010 when 6,080 had placed on the market. There were a total of 1,172 active listings available at the end of October, down just slightly from October 2010 when 1,219 were available to purchase. There was a slight increase in sales activity in areas surrounding Saskatoon (e.g. Martensville, Warman, Clavet, etc.) this October with 82 sales compared with 76 homes sold in October 2010. REALTORS® listed 223 properties in these areas in the month of October. That number is up 18% from 2010 when 189 properties were placed on the market. The average selling price in these areas was $276,475 up 12% from October 2010 when the average was $245,778. During the month of October in areas surrounding Saskatoon it took 64 days for a property to sell on average. New construction continues to be strong in the City of Saskatoon and outlying communities. The employment opportunities remain strong attracting individuals to our area from across Canada as well as from outside our borders. 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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