Saskatoon real estate market on its way to full recovery: Remax

Remax released it’s 2010 Market Trends Reporttoday stating that “healthy levels” of inventory and demand that is gaining momentum are moving the Saskatoon real estate market towards a “full recovery.”

Other tidbits from the Saskatoon section of the report include the following:

• While sales are still off of last year’s numbers average prices continue to edge up.
• Balanced conditions characterize the market overall.
• Rising demand could create a “tightening of supply” in the single-family home inventory.
• Multiple offers have re-emerged in prime “hot pocket neighbourhoods” but remain the exception.
• First time buyers account for the “lion’s share” of activity.
• A “good selection” of condominiums still exists.
• Buyers remain cautious, as do developers
• Speculation is virtually “non-existent” in the Saskatoon market.

The report provides market opinions provided by Remax brokers in 16 major Canadian markets including Remax Saskatoon. Read the full report here.

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Norm Fisher
Royal LePage Vidorra