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Saskatoon real estate: Week in review (April 7-11 2008)

A total of 215 new residential property listings pushed Saskatoon real estate inventory to its highest level since October 2005 this past week. Active listings in the residential category now sit at 619 properties, up from 543 last week, and substantially higher than the 254 homes, which were available during the same week last year. 379 of the available properties are single-family homes (houses) and 182 are condominiums. An additional 63 homes are showing as conditionally sold.


There was also a pretty good drop in unit sales compared to the same week last year when 109 homes traded hands. By this time last year, weekly sales had crossed the 100-unit mark three times (houses and condos only). That’s something we haven’t seen yet this year and it’s certainly an indication that demand is starting to drop. Whether or not those two trends continue is anybody’s guess at this time but there’s no question that buyers are facing less competition on the ground, or that they have substantially more options this spring.


The most telling number is the percentage of homes that are selling above the asking price. While up a smidge from last week to 40% it remains well below the 68% that we saw during the same week last year. Higher inventory levels should continue to pressure that number down in the weeks ahead.


Still, the average selling price if a Saskatoon home remained towards its peak for any given week at $317,244.

Saskatoon real estate: Week in review (April 7-11)

Notable sales


  • Spiffy Dundonald four-level split (1000’) with a double detached garage sells for $344,000.
  • Parkridge four-level split (935’), no garage goes just above $310,000.



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.


Follow our daily updates on Twitter @SaskatoonHomes.


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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