CONTACT

Saskatoon real estate week in review: December 18-24, 2016

Saskatoon real estate sales were strong this past week with 46 firm deals being reported to the local multiple listing service®. That’s down five from last week but well ahead of the 26 deals reported over the same period last year. New listings fell lower to 70, down from 116 last week and significantly stronger than the 41 homes that were listed during the same week last year.


The total number of active residential listings in the MLS® database slipped by 42 units from the close of the previous week to 1620. That represents a year-over-year decline of just 26 homes for the smallest drop in months. Today, there are 848 single family homes for sale on the MLS, down from 913 a year ago. Condo inventory sits at 629, up from 568 a year ago.


Fewer entry-level buyers showed up this week, and consequently, both the weekly median price and the weekly average took gains to $340,000 and $331,541 respectively. The six-week average price fell lower to $341,752 for a weekly drop of three thousand dollars and an annual loss of roughly 13K. After five consecutive weekly declines, the four-week median price grew by more than five thousand dollars to $335,622 to finish lower than it was last year by about eight thousand dollars.


Six sellers did manage to get a full price offer. All of those were new homes. The remaining 40 sellers gave up some cash at the negotiated table providing their buyer an average discount of $12,976.


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.
 

Posts By Date
The Saskatoon Region Association of REALTORS® (SRAR) IDX Reciprocity listings are displayed in accordance with SRAR's MLS® Data Access Agreement and are copyright of the Saskatoon Region Association of REALTORS®.
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatoon Region Association of REALTORS® displayed on this site is refreshed every 2 hours.
Google Analytics Alternative