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Saskatoon real estate week in review: August 27 - September 2, 2017


The Saskatoon real estate market closed the week with 77 firm residential deals, up 13 from the previous week and down five when compared against the same period last year. The number of new listings that were added to the multiple listing service® slipped lower for the fourth consecutive week as just 127 Saskatoon homes were added, down from 160 a week earlier. Looking back to the same period last year, there were 207 residential listings added to the MLS®.


The number of Saskatoon homes available for purchase through the MLS® took its largest single week drop this year as a hefty number of month end expired listings drove numbers down to 2112, a drop of 123 properties from last week. That’s still well ahead of last year’s numbers when just 1,986 properties were for sale. Today’s totals include 1212 single-family homes, up from 1090 a year ago, and 795 condominium units, up from 726 at this time last year.


Both the weekly average sale price and the weekly median slipped about 10K from last week to $331,556 and $323,400 respectively. The six-week average fell roughly six thousand dollars from last week to $337,708 which is done about twenty thousand dollars on an annual basis. The four-week median slipped from $335,000 last week to $322,000 by the close of business on Friday, that number also down from the same week last year by 13K.


Like the previous week, just one seller managed to wrap up a deal with a modest overbid of $100. Six others received and accepted a full price offer. On the flip side of the negotiating table, 70 sellers agreed to a sale at less than their asking price. The buyers involved in those deals netted an average discount of $11,701.00.



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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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