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Saskatoon real estate: Week in review (April 2-5 2007)

Home buyers found no relief in a hectic Saskatoon real estate market this past week as the total percentage of homes which sold at or above the asking price increased to 81% and average over bids topped $20,000 for the first time.56 of the 80 homes which traded hands sold above list price.


Saskatoon’s Area 5 stands out as the hottest trading area with the highest average over bid at $23,268.None of the 12 sales reported in that zone sold below the list price.Sellers in Area 1 also did exceptionally well with 18 of 21 sales going above list by an average of $21,283.


Here’s a quick look at the numbers.


Notable sales:


  • Forest Grove one-bedroom condo (635’) sells for $120,000.
  • Wildwood condo (800’) leaves the market at $145,500.
  • Haultain condo (740’) fetches $137,700.
  • Mount Royal bungalow (912’) brings $189,000.
  • Lakeview two-storey (1,800’) sells $44,500 above list at $354,500.
  • Pacific Heights bungalow (1,041) fetches $177,900.


Active listings of single-family homes and condominiums remained desperately low at 237 units across all areas and price ranges.It seems that 4 out of 5 inquiries to a listing agent results in a “sorry, we have an offer on that one.”



See a Google map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports


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.
 

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