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Saskatoon real estate: Week in review (April 9-13 2007)

If there was any positive news for Saskatoon real estate buyers this past week, it was a significant increase in the total number of new residential listings that came on the market. Approximately 133 single-family homes and condominiums were listed for sale last week, compared to just 60 the week before, and 22 the week before that. With a total of 109 sales reported the total number of active listings remained extremely low at 254, many of which have conditional offers.


In spite of some relief with new listings, the percentage of homes which attracted offers at or above the asking price reached its highest level in recent weeks at 78%.


Here’s a quick look at the numbers.



Notable sales:


  • Eastview bungalow, 1143 square feet with no garage at $280,000
  • Downtown condo, 680 square feet at $183,500
  • River Heights 4 level split, 1,050 square feet with a single garage at $295,000
  • Fairhaven 4 level split, 826 feet, no garage, on a busy street at $197,000
  • Hampton Village, new 1352 foot bungalow, double garage at $354,365


The largest discount for a home that sold below list was a Greystone Heights 4 level split located on a busy street listed at $289,900 and selling for $265,000 after 36 days on the market.The home appeared to be well maintained but it was more or less original and in need of some updating.


I expect that we’ll continue to see a decent level of new listing activity over the next few weeks which should present more opportunities for Saskatoon home buyers. The number of new residential listings almost always increases sharply through April and May. I don’t expect that we’ll see any price relief, but there should be more homes to view.


Good luck!


I’m always happy to answer your Saskatoon real estate questions. 


Norm Fisher

Royal LePage Vidorra

Norm Fisher, TeamFisher

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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