CONTACT

Saskatoon real estate week in review: February 15-21, 2015

The number of local homes to trade hands over the course of a week reached its highest point this year as Saskatoon real estate agents reported 67 firm residential sales to the multiple listing service®. While not a large gain from the previous week which saw 63 sales, this was the first week this year where sales met numbers generated during the same week of the last year. Every other week has seen a drop in sales when compared against the same period during 2014.


The number of new residential listings to hit the MLS® systemmoderated a bit slipping to 150 homes, down ten from last week but ahead of listings generated during the same period a year ago by nearly 40 properties.


Inventory levels pushed higher again making small weekly gains from 1500 to 1514 by week’s end for an annual increase of 311 properties. Once again, condo inventory levels show the greatest year-over-year increases having climbed from 391 a year ago to 518 today (growth of 32 percent year-over-year). Meanwhile, the number single-family homes that buyers have to chose from has grown from 697 at this time last year to 824 today (an increase of 18 percent).


Saskatoon home prices continued to show pretty remarkable resilience, even as new listings sat at levels nearly twice those of sales. A bit more activity at the lower end of the market saw the median sale price of a Saskatoon home fall lower to $330,000. The average sale price moved in the same direction slipping to $361,469 to lose about four thousand dollars from last week. The longer term measures both moved marginally lower as the six-week average price of a Saskatoon home slipped by less than two thousand dollars to $359,523 and recorded an annual increase of roughly five thousand dollars. The four-week median price fell a bit more losing $3,000 on the week to settle at $335,000 slipping below numbers recorded for the same week last year by twenty four hundred dollars.


Conditions were right for 55 of 67 home buyers this week as they negotiated a discount averaging $12,223. Just three buyers came in with an above asking price offer. Those deals wrapped up with an average bonus of $2,357 being paid to the seller. The remaining nine sales were reported to have sold at the seller’s asking price.


Other notable real estate activity this past week included 41 cancelled and withdrawn listings (34 and seven respectively), 21 expired listings and 35 price changes.


Get the most current market intelligence with our FREE Market Snapshot including prices of homes recently sold in your area. Get it here, now.


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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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