Saskatoon homes sales edge up slightly in month of November: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for November of 2010today, accompanied by this release.

Last month, Saskatoon REALTORS® assisted 283 home buyers with the purchase of their dream home. This number was up 12% from November 2009 when 253 homes were sold. The year to date sales number stands at 3,396 down 7 % from the same time last year when 3,609 units had sold. The $300,000 to 350,000.00 price range continues to be the most active. The average number of days to sell in the month of November was 42.

Click the image for a larger version of the graph.

The average residential selling price in November was $312,893. This number is up 13% from November 2009 when the average selling price was $277,766. The average price year to date is $296,136. That’s up 7% from 2009 at this same time when the average was $278,002.

Click the image for a larger version of the graph.

Home buyers had 1,045 homes to select from at the end of November, up from November 2009 when 877 homes were on the market. REALTORS® listed 403 homes in November, up 13% from November 2009 when 356 properties were listed for sale.

Click the image for a larger version of the graph.

In areas surrounding Saskatoon sales activity was steady with 75 homes selling, on par with November 2009. Year to date, REALTORS® have sold 857 homes in these areas, down 5 % from 2009 when the year to date figure stood at 903. REALTORS® listed 154 properties in these areas in the month of November. That number is up 20% from November 2009 when 128 properties were placed on the market for sale. The average number of days to sell in areas around Saskatoon during the month of November was 78.

Fourth quarter unit sale activity is performing as forecast. The new home market remains strong with steady city lot sales taking place. Interest rates have edged up slightly but seem to have had little impact on home sales. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2010 is for listing and sales numbers to continue to balance and for prices level as well.

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

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