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One third of homes for sale in Saskatoon are vacant, fewer than half owner occupied

Earlier today, I was speaking with one of my colleagues, Bruce Claggett, who raised the question, “I wonder how many of the homes for sale in Saskatoon are vacant?” Our new MLS system didn’t provide a method of searching by occupancy, so I dropped SRAR an email and suggested that this would be a valuable search field to add. By the end of the day, Harry made it happen.


Here’s what I learned.


At the close of business today, there are 666 active property listings in the residential category (I know, kind of spooky). :)

225 of those properties are vacant.

Tenants occupy another 130 of these listings.


A closer look at the vacant property listings reveals the following.


93 are condos.

104 are single-family homes.

The balances are semi-detached homes, duplexes, mobile homes, vacant lots and other properties that have not been categorized for reasons unknown to me.


94 of the vacant homes are new, or near new.

57 of the new or near new homes appear to be owned by builders. Some are still under construction.

Individuals own 37 of the new or near new homes.


Of the 225 vacant listings, 93 are condominiums.

21 of these vacant condominiums are new, or near new.

10 are in the Rumley building representing additions to the housing stock.

About two-thirds of the remaining 62 are conversion units.


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.


Follow our daily updates on Twitter @SaskatoonHomes.


Norm Fisher
Royal LePage Vidorra

Norm Fisher, TeamFisher

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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