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More Saskatoon home buyers in the market in June, 2013: SRAR

The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for June of 2013 today accompanied by the following release (in italics).


Please note that many of the association’s comments touch on “year-to-date” numbers, and some are based on all sales within the board’s trading area. The charts which you see, as always, reflect activity within the city of Saskatoon on a month to month basis over the past several years.


June saw an eight percent increase in sales compared to last year. June is only the second month in 2013 with a positive increase over the same month the previous year. With a total of 2,893 transactions recorded so far in 2013, sales are still down three percent year-to-date. "Year-to-date sales activity continues to be strongest over $450,000 with a 28 percent increase in sales between $500,000 and $750,000 and a 45 percent increase in sales above $750,000." says Jason Yochim, Executive Officer of the Saskatoon Region Association of REALTORS®. "The $300,000 to $350,000 range continues to see the greatest activity with 512 sales year-to-date, however this is down eight percent from last year."


City wide, the average home price continued its upward trend with a five percent increase to $348,000.  According to Yochim, "The average price takes an average of all sales and is not an accurate reflection of what is happening in specific markets within the city of Saskatoon. The Home Price Index (HPI) is a more accurate indicator of indexed price changes within an area, specific neighborhood or type of property." The west side of Saskatoon which includes neighborhoods such as Caswell, Mount Royal, Pleasant Hill and Riversdale, saw the greatest percentage change at 6.38 percent. The neighborhoods which saw the smallest change in value were those west of the Circle Drive freeway at 3.34 percent. "With the HPI, our members are able to provide their clients with accurate data specific to their style of home and neighborhood which indicates how the market is trending for those properties."


The number of days required for a home to sell on average was 40 in Saskatoon. This represents a significant change compared to May where a home would sell in 27 days on average. The neighborhoods east of circle drive took the longest to sell on average at 48 days.


Overall the outlook remains strong for Saskatoon with a balanced real estate market. Saskatoon's modest but steady increase in values and activity insulates it from the dramatic price corrections experienced by some major Canadian cities.


I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.


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Norm Fisher

Royal LePage Saskatoon Real Estate

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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