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Saskatoon real estate: Week in review (August 27-31)

Last week, I indicated that I thought we were going to see some bleak numbers for Saskatoon real estate sales in this week’s report. As it turns out, sales were pretty much on par with recent weeks. A total of 89 Saskatoon homes were reported sold to the local MLS® between Monday and Friday. There were 140 homes listed during the same period, yet active listing inventory made just marginal gains closing the week at 565 units, an indication that more properties are expiring without a sale, or being withdrawn from the market by prospective sellers. As more listings are failing to sell at “offer presentation” time, more sellers are re-listing their properties at prices which are closer to matching their expectations.


Here are a few of the week’s highlights


  • The percentage of homes selling above the asking price slipped back to 47%, a difference of about 12% from last week and on par with the declining number we saw the previous week.
  • The average overbid fell to its lowest level since the week of March 26-30 at $14,665.
  • 44% of reported sales sold below the asking price. This is the highest percentage we’ve seen since the week of March 26-30.
  • The difference between the average asking price and the average selling price reached its lowest level since the week of February 26 – March 2 at just $3,828 (above the average asking price).
  • The average selling price remained solid and at $256,844. Next to the week of August 13-17 this week’s average selling price is the highest this year.


eGoogle map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports

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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