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

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

Activity was down slightly for Saskatoon REALTORS® in the month of September with 365 residential properties changing hands compared with August, which saw 415 sales. The trend of sales increasing over last year continues however, as we saw a 21% increase over September of 2010 when 301 properties were sold. Year-to-date, total residential sales year are currently at 3183.  That number is up 13% from 2010 when the total stood at 2823 by the end of September. The $300,000 to $350,000 price range continues to be the most active with 82 sales. The average number of days to sell in the month of September was 40.

The average residential selling price in September took a slight dip to $311,057 for a 1% decrease from September of last year when it was $312,914. At the end of September, the year-to-date average selling price was $307,415 up 4% from year-to-date numbers in September 2010 when it was $294,741. Properties listed in September totaled 608, up 2% from the same month a year ago. Year-to-date, 5770 homes have been listed for sale, up 3% from this point last year when 5626 had been placed on the market. Buyers had fewer housing options last month with 1222 homes available at the end of September. At the close of last September 1355 were available to purchase. In areas surrounding Saskatoon (Martensville, Warman, Clavet, etc.) sales activity this September was considerably stronger than last September, with home sales increasing from 79 to 101. REALTORS® listed 281 properties in these areas during the month. That number is up slightly from 2010 when 272 properties were placed on the market. The average selling price in these areas was $281,294, which is up nearly 13% from September 2010 when it was $249,825. During the month of September, in areas surrounding Saskatoon, it took 59 days on average to sell a property. The City of Saskatoon continues to develop new neighborhoods to keep up with the demand for new lots. Recent announcements in the resource sector will continue to bolster optimism in the Saskatchewan economy helping to maintain home pricing and demand. SRAR 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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