CONTACT

Saskatoon housing market remains steady: SRAR

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


The residential housing market remained steady in the month of May. Unit sales were down 4% with 354 units selling compared to 369 in May of 2009. Year to date, unit sales are up 5% with 1,501 units having sold.


Click the image for a larger version of the graph.

The average price in May was $294,516, up 5% from May 2009 when the average selling price was $279,287. Year to date, the average selling price is also up 5% to $289,324.


Click the image for a larger version of the graph.

REALTORS® have sold $434,275,000 worth of real estate this year, up 10% from this time in 2009 when $393,349,000 worth of real estate had sold. Listing numbers are up 8% from May of 2009 with 779 properties having been listed during the same month this year. Listing numbers for the year are on par with last year. 3,162 properties have been placed on the market in 2010. Home buyers had 1,403 homes to select from at the end of May.


Click the image for a larger version of the graph.


The market softened slightly in communities around the city. For example, unit sales in Martensville, Warman, Clavet and Dundurn totalled 86, down from 97 in May 2009. The average selling price in these communities was $271,192, up 14% from last year when it was $238,904. The number of new listings was down slightly last month with 272 properties being placed on the market, 4% lower than last year when 284 homes were offered for sale.


Consumers are expressing confidence in the local economy as evidenced by their buying patterns. New home construction is doing well, retail sales are strong and when coupled with low interest rates conditions are favourable for a vibrant market. Sales and listing activity is expected to remain similar to the end of the second quarter.


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.
 

Posts By Date
The Saskatchewan REALTORS® Association (SRA) (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.
Google Analytics Alternative