CONTACT

Saskatoon real estate week in review for April 18-24, 2020 (edition #685)

Saskatoon home sales moved higher for the second week in a row, this time breaking back into the 50’s. Local agents reported 51 firm deals to the multiple listing service®, up from 44 last week but well down from the 93 sales recorded during the same week of 2019.


The new listing activity also grew as 112 Saskatoon home sellers offered their homes for sale on the MLS®. That’s higher than the previous week by 11 units, but down annually from 134.

This is highly anecdotal, but I get the sense that both buyers and sellers are feeling a bit warmer to be present in the spring market. The weeks ahead will tell the tale.


Saskatoon residential MLS sales and and new listings for the week of April 18-24 2020



The total number of residential Saskatoon real estate listings showing an active status on the MLS® grew to 1432. That’s 14 more homes than were available a week ago, but well below the 1739 properties available at this time last year.


Today’s totals include 828 single-family homes, down from 987 a year ago. There are also 527 condos, down from 691 at this time last year.


Active Saskatoon real estate listing on the MLS at April 25 2020



Both the weekly median sale price and the weekly average took some gains this week but remained on the low side. The median was $322,000 and the average was $316,838.


The six-week average price fell lower to $348,727. That’s about six thousand dollars lower than it was a week ago, but nearly 15K higher than it was at this time last year. That annual spike is largely due to a couple of very high priced sales being added to the mix. 


The four-week median price held steady at $320,000 to finish lower on an annual basis by a little more than 13K.


Average and median prices for Saskatoon homes sold April 18-24 2020



There were no overbid sales this week, aside from a handful of new home deals that likely included added value not reflected in the original asking price. Meanwhile, average discounts remained on the high side at $15,457.


Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that this chart may show over list price sales, even when I have reported the number as 0. Those sales are typically new properties that spent some period of time on the market, and most likely sold and included additional improvements that were not reflected in the original list price. For example, a new home listed at $450,000 sells at a price of $490,000 after 120 days on the market may have included a basement development that was not anticipated in the listing price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.


Sale price to list price ratios for Saskatoon homes sold through the MLS the week of April 18-24 2020


More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for MLS home sales from April 18-24 2020


I'm upping my Facebook and Instagram game. Follow me to receive updates on the Saskatoon real estate market and insights I've gained managing thousands of real estate transactions.


TeamFisher.com hosted nearly a quarter of a million user sessions and displayed more than 1.2 million pages to our visitors in 2019. If you have a Saskatoon area home you'd like to sell, we know how to get people looking at your home. Reach out to me directly to engage our team and learn about our processes.


I’m always happy to answer your Saskatoon real estate questions.  Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com


Norm Fisher

Royal LePage Vidorra


Comments:
No comments

Post Your Comment:

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.
 

Subscribe to our Blog

Posts By Date
The Saskatchewan REALTORS® Association (SRA) (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
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 Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.
Google Analytics Alternative