March came in and out like an angry lion for those engaged in the Saskatoon real estate market with the average home price breaking the $200,000 mark for the first time in Saskatoon’s history. The average selling price of a Saskatoon home was $200,938, up from $156,670 last March.
According to figures released by the Saskatoon Region Association of REALTORS®, agents brought a total of 473 new residential listings to the market in March, a 14% increase over the same month last year. In turn, agents sold 433 homes which represents a 42% increase in unit sales over the previous March.
Consider also, that unit sales in Area 4 where home prices historically lower nearly tripled over numbers recorded last March and you’ll see that the “average selling price” is being skewed downwards as a result. The price of a Saskatoon home has increased to a great degree than what is reflected in the “averages.”
I’m always happy to answer your Saskatoon real estate questions.
Royal LePage Vidorra