As expected, last week produced fewer new Saskatoon real estate listings than the previous week with just 30 single family homes (houses) and condominiums being offered for sale. Total active listings fell to 430 units from 478 last week and 540 the week before. 211 of those properties are single family homes and 174 are condominiums. I expect that we’ll see a further decline this week as very few new listings are introduced to the market. Still, we should finish the year with more inventory than we had at the close of 2006, when there were only 256 active listings in all of the residential categories.
Home sales held fairly steady, given that it was the last shopping week before Christmas, with 60 properties reported as firm on the Saskatoon multiple listing service. That puts us at 170 transactions for December, already well ahead of the 157 units reported sold in December, 2006.
Overbidding was almost non-existent save two sales, one in area 3 and one in area 4. I believe that this was the only week this year where there were no overbid sales reported on Saskatoon’s east side.
This will be my last post prior to Christmas. I’m looking forward to spending a few days with my family. I’ll be back to post the final weekly review of this year next weekend.
I’d like to say thanks to all of you who drop in to read the latest on the Saskatoon real estate market. It’s been great having the opportunity to share with you and I’ve really appreciated the contributions you’ve made through your comments. I know others have as well. May you have a peaceful and restful holiday.
Merry Christmas, Happy Hanukkah, Joyous Kwanza, or whatever may work for you. J May you have a peaceful and restful holiday spending time doing what you like to do with the people you love.
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