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Saskatoon real estate: Week in review (August 18-22 2008)

New listing activity in the Saskatoon real estate market slowed some this week with just 134 new properties added to the MLS in the “houses and condos” categories but the active inventory continued to make some gains climbing from 1,628 last weekto 1,667 by the close of business this week. Today, there are a total of 1,067 Saskatoon houses and 488 condominiums showing an active status on our system.


Sales continued at a rather lackluster pace with just 56 units placing a sold sign including 54 houses and condos. As of today, total residential sales for the month of August sit at just 169. Last August produced 398 sales so we have some serious ground to make up during the last week of the month. Unless something amazing happens next week it seems clear that sales will be much softer this August than they have been for a few years.


The average selling price of a home in Saskatoon bounced back a bit from last week to finish at $276,320, about $6,500 higher than last week but still the second lowest average since the week of March 10-14.


My thanks to Pamela for crunching the numbers and producing the graphic for this week’s review. You’re handling things like a real pro and I’m proud to have you on my team. Thanks for looking after things while I’m away. Saskatoon real estate: Week in review (August 18-22, 2008)


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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