Saskatoon real estate: Week in review (February 19-23 2007)

Here’s a brief statistical overview of residential sales as reported to the Saskatoon Real Estate Board MLS® system for the past week.

Notable changes over the previous week:

The percentage of listings sold at the list price or above the list price increased from 48% to 56%.

The average selling price of a home exceeded the average listing price in four of five areas*.

The average overbid where listings sold over their list price increased 27% from $4,735 to $6,037.

Largest overbids

• 864 square foot Lakeview condo sells 10% over list price at $113,000.
• 1,000 square foot Dundonald house sells 10% over list price at $198,000.
• 975 square foot City Park house sells 10% over list price at $170,000.

I’m always happy to answer your Saskatoon real estate questions. 

Norm Fisher

Royal LePage Vidorra