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Saskatoon real estate: Week in review (August 4-8 2008)

Looking at this week’s sales, you may have thought it was Christmas for Saskatoon real estate agents, and not in the good way. :) Just 38 properties, including 35 in the single-family homes and condominiums categories were reported firmly sold, the lowest number of weekly sales since the week of January 7-11. Another 24 properties display the conditionally sold flag on the Saskatoon MLS system.


New residential listings were on the low side in comparison to recent weeks as well. Only 135 properties were listed for sale including 87 houses and 41 condos, but given the slower sales activity, total active listings found a new high point at 1,555. Of those, 1,011 are houses and 436 are condos.


The average selling price for the week spiked to a new high of $332,529 but the upward surge can be attributed to one residential sale that topped $1.1 million dollars. Selling about $200K off of its list price, the same property drove the average underbid to a new high of just over $18,000. Removing this one property from the mix brings the average selling price to $308,485, still the highest number we’ve seen since the week of June 23-27. The average underbid would also be adjusted to $10,865, which is more or less on par with what we’ve been seeing in recent weeks.


This week’s soft sales performance could be one of those strange anomalies that we see from time to time in the weekly stats but August is typically expected to produce above average unit sales and this gives us an incredibly slow start in reaching the numbers posted in previous months of August.

Saskatoon real estate: Week in review (August 4-8, 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.


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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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