How was 2009 for property values in your Saskatoon neighbourhood?

Are you at least a little bit curious about the current price trends for real estate in your neighbourhood? We’ve been putting in some OT over the past couple of days to bring you the latest look into the trends for each Saskatoon area. Those numbers are now available on our “Saskatoon neighbourhoods” pages, but please check out the highlights below before you go.

While most areas produced six-month rolling averages that exceeded the overall averages for the year, indicating that the current trend is upward, the majority of neighbourhoods experienced some decreases through 2009. More often than not declines were in the 3%-10% range.

Exhibition, Hudson Bay Park, Kelsey-Woodlawn, Meadowgreen and North Parkall bucked the general trend to record small increases in the average selling price of a house.

A few areas saw declines in the average house price that were out of step with the rest of the city. In Greystone Heights the average selling price of a single-family home dropped $55,000, and the median sale price dropped $53,000. Lakeview saw it’s average drop the most in real dollars by $81,261, while the median price for the area moved down $50,000. Montgomery Place saw a $60,000 drop in the average and a $63,000 drop in the median. Nutana’s average came down significantly falling $80,000, but the median price for the area moved just $10K. Briarwood, Avalon and Erindalealso saw average house price declines that were higher than average at $69,445, $63,914 and $48,971 respectively.

This year’s biggest surprise may be Stonebridge, an area that our more bearish readers wrote off as hopeless, bound to become an open range of rickety shacks with garbage and tumbleweeds everywhere. Sorry folks. The average price in Stonebridge declined less than $11,000 over the year as a ten-month supply of inventory nearly vanished.

In the stupid prizes categories, Lakewood condos win for coming closest to the overall condo average in Saskatoon while Hollistonwins for most closely following the average Saskatoon house price over the last ten years.

See what happened in your neighbourhood here. While you're there, please jot us a short note about your area in the comments section of the page.

The same details for Saskatoon can be found here.

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.

Real estate geeks can follow our daily updates on Twitter @norm_fisher.

Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.

Norm Fisher
Royal LePage Vidorra


No comments

Post Your Comment:

Your email will not be published
The Saskatchewan REALTORS® Association (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.