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Saskatoon real estate: Week in review (December 3-7 2007)

Activity in the Saskatoon real estate market this week followed the same cooling trend as the weather. The total number of homes sold dropped to just 48 units, down from 78 last week. This is more or less what we would expect as we move into December. I’m only surprised because the number of inquiries that we’re receiving on our listings is a fair bit higher than we might expect as we move towards the holiday season. The phone is ringing a lot.


Inventory held steady at 540 residential properties. At week’s end there are 290 single family homes and 194 condos showing an “open” status on the Saskatoon Multiple Listing Service.


While 5 of 48 homes managed an above list price sale, the average overbid was unremarkable at just $540 and the highest of them all topped out at $1,200. The vast majority of purchasers managed to negotiate a deal averaging close to $7,000 below list.


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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