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Saskatoon real estate options increase in September, 2013: SRAR

The Saskatoon Region Association of Realtors® (SRAR) released the MLS® residential real estate statistics for September of 2013today accompanied by the following release.


Please note that many of the association’s comments touch on “year-to-date” numbers, and some are based on all sales within the board’s trading area. The charts which you see, as always, reflect activity within the city of Saskatoon on a month-to-month basis over the past several years.


The number of homes for sale took a significant jump in September with an increase of 27 percent over 2012. "Over the past month, the Saskatoon market place saw 740 properties added to the inventory for a total of 1,391 homes available to buyers," reports Jason Yochim of the Saskatoon Region Association of REALTORS®. "On average, we have seen an increase in our inventory of approximately seven to eight percent over last year.


Even though our sales activity is on par with last year's numbers, and with an increase in listings this year, there is still a steady increase in the average sale price of approximately four percent, year to date," said Yochim. The market surrounding Saskatoon has also experienced an increase in the number of homes listed with a year to date increase of ten percent.


The average price of a home in Saskatoon currently sits at just under $345,000. "Occasionally there is concern in the media regarding affordability of homes in the Saskatoon market. In my opinion, the market is finding ways to meet the demands for buyers looking below the average price," says Yochim. Sales between $225,000 and $250,000 increased by four percent. To date, the number of sales between $750,000 and $1-million has eclipsed 2012's year end total at 50 with the number of sales in excess of $1-million matching last year's high of 16 sales. "We are fortunate as our average wage is approaching that of our neighbours to the west, however, our average sale price is $100,000 less making Saskatoon quite affordable when it comes to home ownership."


On average it takes about 39 days for a home to sell in Saskatoon and around 60 days in the area surrounding Saskatoon. The market is still in balanced territory with a sales-to-listing ratio of 53 percent. This means that slightly more than half of the homes listed for sale are selling.


I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call of email me.


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Norm Fisher Royal LePage Saskatoon Real Estate

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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

The Saskatoon Region Association of REALTORS® (SRAR) IDX Reciprocity listings are displayed in accordance with SRAR's MLS® Data Access Agreement and are copyright of the Saskatoon Region Association of REALTORS®.
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