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Saskatoon real estate: Week in review (December 31–January 4 2008)

Residential real estate sales took a further dip in Saskatoon last week, with just 30 houses and condos reported sold on the local MLS®. Last week’s firm sales reflect contracts written over the Christmas week so it’s little surprise that not much went on. Typically, this is the quietest week of the year, and this Christmas was no exception.


New listings rose sharply over the previous week with 49 new properties being offered for sale. Total active listings dipped a little further to 363 units including 163 houses and 156 condominiums.Overall, we have slightly more inventory than we had at this time last year. Unfortunately, the surplus is made up entirely of condos. We actually have fewer single family homes in inventory than we did at this time last year.


Once again, overbidding was almost a non-factor with only one home trading above the list price. The majority of buyers managed to negotiate almost $9,000 off of the asking price. The average selling price of $269,253 was the second highest on record this year, beat only once the week of November 12-16 when it peaked at $270,535.


See a Google 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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