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Saskatoon real estate listing activity down in June, 2012: SRAR



The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for June of 2012 today, accompanied by the following release.


For the first half of 2012, the number of properties listed for sale stood at 6026, down only slightly compared to 6081 at the end of June 2011. At the same time, the number of sales for the first six months of the year was 2984, an increase of fourteen percent over the same period in 2011.  “Saskatoon sales activity continues to outpace the rate of new listings which results in slight upward pressure on prices,” states Jason Yochim, the Executive Officer of the Saskatoon Region Association of REALTORS®.  “In 2011 the year-over-year increase averaged five percent each month while this year it is closer to eight percent.”  As a result, the total year-to-date (YTD) MLS® dollar volume was just short of one billion dollars, up twenty percent compared to last year with the possibility of reaching a record 2 billion by year’s end.



“The average sale price is somewhat misleading in reflecting the true market for several   reasons,” according to Yochim,  “In the five main areas of Saskatoon the average price ranges from $208,115 to $362,703.” Specific factors such as neighborhood, location, home style, and condition will greatly influence the true value of a home. “The best way to determine true value is to have a market analysis tailored to a specific property by an impartial, professional and experienced REALTOR®.”


The same trend appears to be taking place in the communities and areas surrounding Saskatoon. YTD the number of new listings outside of Saskatoon was 1451, down five percent from 1530 recorded in 2011. The number of properties changing hands by mid-year in areas surrounding Saskatoon totaled 570 compared to 523 for the same period in 2011, an increase of nine percent.


Jason Yochim Executive Officer Saskatoon Region Association of REALTORS® 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 me.


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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