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Saskatoon real estate week in review: April 30 - May 6, 2017

The Saskatoon real estate market continued to heat up in lockstep with the weather as local agents reported brisk activity in both sales and new listings. A total of 91 firm deals were reported to the MLS® over the past week, up from 88 a week earlier, and topping sales for the same week last year by six. New listing activity was particularly strong as the flood of month-end expired listings re-entered the system. This week, 276 residential listings were processed, the largest number for any week this year. That topped last week by almost 60 units and grew by 38 when compared with the same week last year.



Saskatoon residential MLS sales and listings for the week of April 29 - May 6, 2017



Active MLS® listings in the residential category increased to 2052, up 33 from the week before. Last year at this time there were 1992 Saskatoon homes for sale on the multiple listing service®. At the close of business this week, buyers had a selection of 1106 single-family homes to choose from, up from 1079 a year ago. Condo inventory fell by just a couple of units from a week earlier and settled at 785 for an annual increase of 39 units.



Saskatoon active residential listings on the MLS at May 6, 2017



The weekly average price of a Saskatoon home slipped lower from a week earlier. It closed the week at $349,891 for a weekly drop of four thousand dollars, even as higher end activity caused the weekly median price to spike nearly 20K to reach $344,000. Meanwhile, the six-week average price headed upwards taking a forty-five hundred dollar weekly increase to reach $358,848 for a new annual high. It’s actually at its highest point in five years, for this particular week on the calendar and ahead of last year by more than thirteen thousand dollars. The four-week median price followed a similar path taking a weekly increase of almost 10K. That brought it to $349,900 for an annual increase of nearly $18,000.


Average and median prices for Saskatoon homes sold through the MLS from April 29 - May 6, 2017


Historical 6-week average price for Saskatoon homes sold through the MLS from April 29 - May 6 2017


Historical 4-week median price for Saskatoon homes sold through the MLS from April 29 - May 6, 2017



Only one lucky seller found a buyer willing to pay more than list price, that one going over by just $100. Another 11 Saskatoon homes traded at the listed price while 79 others went for less than the asking price by an average of $12,302.



Saskatoon real estate statistics for MLS home sales from April 209 - May 6, 2017



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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