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Saskatoon home sales remain active in November 2009: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for November 2009today, accompanied by this release.


The residential resale market remained strong during the month of November with 254 properties being sold, 41% from November 2008 when 180 homes sold. Year-to-date, unit sales are at 3611, up 8% from 2008 when 3,359 homes sold by this time.



Year-to-date Saskatoon REALTORS® have sold more than one billion dollars of residential real estate. The $1,003,976,000 number represents a 3% increase over the 2008 year-to-date volume number of $970,223,000.


The average selling price for the month of November was $ 278,885 remaining on par with November 2008. The year-to-date average residential selling price is $278,033 down 4% from 2008. The decrease indicates an increase in the mid price range homes being purchased by more first time and move up home buyers. Homes took 43 days on average to sell in November. The days to sell number has remained level for the past 6 months.



MLS® listing inventory continued to correct in the month of November. Home buyers had 877 residential homes to select from at the end of November. This inventory number includes 288 condominium units. REALTORS® listed 356 properties in November, down 16% from 2008 when 425 units were placed on the market. Reduced inventory is contributing to a more balanced real estate environment.



Sales activity in small town markets surrounding Saskatoon was strong with 75 properties having sold, up 168% from 2008 when 28 properties changed hands. The sales number is on par with 2007. The average selling price in these areas for November was $280,453, up 24% from November 2008, which had an average selling price of $226,546.


The real estate market is progressing as real estate professionals had forecast. Inventory numbers are returning to more normal levels and sales activity remains steady. The average selling price has remained steady throughout 2009 indicating a stable environment. Similar market activity is expected as we move into 2010.


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.


If you live in Saskatoon we’d sure appreciate hearing your comments about your neighbourhood. Please visit our “Saskatoon Neighbourhoods” page and let us know what you love about your community.


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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