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Saskatoon home sales surpass 2008 levels in 2009: SRAR

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


In the month of December Saskatoon REALTORS® assisted 211 buyers to fulfill their home ownership dreams, this number up 31% from December 2008 when 161 homes were purchased. Year to date 3,822 residential units have been sold, up 9% from 2008 when 3,520 homes were sold by this same time.



The average residential selling price remained steady at $291,554, up 9% from December 2008 when it was $266,420. Year to date, the average selling price was $ 278,779, down 3% from 2008.



In 2009 REALTORS® sold $1,065,500,000 worth of residential real estate in Saskatoon. This number represents an increase of 5% from 2008 when sales totaled $1,013,117,000. The highest amount of activity in 2009 was in $300,000 to $350,000 price range followed by significant activity in the $275,000 to $300,000 price range.


Listing inventory continued to correct throughout 2009. Home buyers had 703 homes to select from at the end of December as compared to 1,127 in December 2008. REALTORS® listed 212 properties last month, down 13% from December 2008 when 245 homes were placed on the market.



Sales activity in communities surrounding Saskatoon was also very high during 2009. 47 properties were purchased in December, up 68% from December 2008 when 28 properties were purchased. Year to date 951 properties have been sold, up 9% from 2008 when 869 properties were sold. The average selling price was $258,996, up 15% from 2008 when the average price was $224,421.


At year-end consumer confidence in the local economy remains optimistic, a necessary component for consumer spending. All indicators point to a stable, steady real estate market in 2010. Unknown variables capable of affecting the market place are provincial revenue streams.


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.


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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