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Saskatoon real estate: Week in review (February 18-22 2008)

On the surface, Saskatoon real estate activity this past week looked fairly similar to the week before. We saw about the same number of new residential listings enter the market and total active listings held steady at 364 units including 189 houses (single-family homes) and 135 condominiums. 98 Saskatoon homes found a buyer, up just a smidge from last week.


Just the same, it was a week for sellers. Strong demand continued to provide them with almost every advantage in spite of inventory levels being up about 40% over last year. The percentage of homes selling at, or above the asking price climbed to almost 60% and the average overbid took a substantial jump, breaking the five digit mark once again. Nine of the twenty five overbid sales were above the asking price by at least $10,000 and one exceeded the asking price by $52,500. Overall, activity was brisker and more aggressive than it was during the same week last year.


The average underbid on the 40 properties which traded below the asking price was also strong at nearly $9,000. These numbers were skewed upwards by one area three properties priced at nearly a million dollars which sold $110,000 below the list price.


The average selling price of a Saskatoon home reached its highest point for any single week at $275,271.


Notable sales


  • A war-time one and one half storey (1,000’) in the Exhibition area, no garage fetches $261,000.
  • 740’ apartment on 8th Street goes for $175,000.
  • Adelaide Churchill bungalow of (1100’) requiring upgrades galore sells $52,500 over list price at $327,500.
  • Haultain bungalow (1,074’) with no garage goes for $371,500.
  • 780’ apartment in Riversdale trades at $159,500.
  • A Confederation Park bungalow (1,080’) without a garage can now set you back $270,000.

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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