CONTACT

Saskatoon real estate market continues recovery in July 2009: SRAR

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


Many home buyers were active in the real estate market this past July. Residential unit sales were up 28% with 440 units selling as compared to 2008when 345 properties exchanged hands. Year to date 2,306 units have sold down slightly from 2008 when 2,498 units sold.



The average selling price continued to correct ending off the month at $283,619.00 down 3% from last July when the average selling price was $292,714.00. Year to date the average selling price was $277,512.00 down 4% from 2008 when the average was $289,746.00.



Listing inventories continued to correct during the month of July with 1,291 homes being available for purchase. This number is down significantly from a high of 1748 homes for sale in September of 2008. Inventory levels at this time of the year in 2004, 2005 and 2006 stood typically between 700 and 800 properties for sale.



Sales activity in the areas surrounding Saskatoon was also very active with 109 sales that number up 51% from July 2008 when 72 were sold. Year to date 525 units have sold down 13% from 2008 when 606 homes had exchanged hands.


The average selling price in July was $253,764.00 down 5% from 2008 when the average was $265,852.00. Year to date the average selling price in areas around Saskatoon is up 6% at $245,920.00.


Consumers are expressing a general confidence in the local economy, which is translating into home purchases. Interest rates are excellent and the job market is remaining steady contributing favorably to those wanting to enter the housing market. Market activity is expected to remain consistent for the remainder of the third 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.


Real estate geeks can follow our daily updates on Twitter @Norm_Fisher.


Our Saskatoon home search tool offers MLS listings represented by all real estate brands, presented with more detail than you’ll find anywhere else. Check it out here.


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.
 

Subscribe to our Blog

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