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Saskatoon real estate week in review for April 6-12, 2019 (edition #631)

The Saskatoon real estate market recorded its highest volume week this year as 87 firm residential sales were reported to the MLS®. That number is up 13 from last week and also beats sales for the same period last year by 11 units.


The number of new listings added to the database of the multiple listing service® remained high as 195 Saskatoon home owners offered their home for sale, down four from the previous week, and up four annually.


Sales


The number of Saskatoon homes for sale on the MLS® system continued to grow and cracked the 1700 mark for the first time since December. This morning, there were 1710 homes showing an active status within the city of Saskatoon, up 54 from last week’s close, and down just 40 from levels recorded last year at this time. In recent weeks, the gap between last year’s inventory numbers and this year’s has been slowly closing. Condo inventory is at 672 today, down 50  from a year ago. The number of single-family homes for sale in the city grew by 40 this week to reach 941. That was high enough to top numbers reported at the close of the same week last year by six.


Actives


The weekly median price of a Saskatoon home grew by fifteen hundred dollars to reach $323,000 while the average price fell to $327,828. The six-week average price continued on its downward trend, this week falling modestly to $320,793 and finishing nearly 12K shy of levels recorded at this time last year. The four-week median price was unchanged from last week at $310,000 but down annually by ninety-five hundred dollars.


Price


There was not a single resale transaction that reported a price above the seller’s asking price this past week. Meanwhile, 78 sales showed an average discount of $12,474 when the results of these sales were recorded on the MLS®.


Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list 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.


List


More weekly stats and numbers for those who love them.


General


Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.


I’m always happy to answer your Saskatoon real estate questions.  Please feel free to call or text me at 306-241-6676 or reach me by email at norm at teamfisher dot com.


Norm Fisher

Royal LePage Vidorra


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Norm Fisher, Author of the TeamFisher Saskatoon Real Estate Blog

About Norm

As a collaborating partner on 'The Value-Driven Approach To Sell Real Estate' project, Norm shows Saskatoon homeowners how to find hidden, tax-free profits in their home sale.Less...

As a collaborating partner on 'The Value-Driven Approach To Sell Real Estate' project, Norm shows Saskatoon homeowners how to find hidden, tax-free profits in their home sale. Known locally as an impact leader he supports many organizations that serve our community’s most vulnerable people like the Saskatoon Interval House, the YWCA Crisis Shelter, the Lighthouse, the Friendship Inn and others. He has participated in several physically daunting charitable challenges and helped raise over one million dollars for women's shelters across Canada. Additionally, he’s a charter member of 100 Men Who Give a Damn in Saskatoon, a group of local philanthropists who are driven to bring positive change to those in need within our community. Fisher is a licensed real estate broker and owner of Royal LePage Vidorra, a boutique brokerage known for technology and innovation.

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 1400 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.
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