CONTACT

Saskatoon real estate week in review for December 14-20, 2019 (edition #667)


Another solid sales week continued to drive December sales in the Saskatoon real estate market, continuing on the momentum that’s been building over this final quarter. At the close of business yesterday, 185 sales were on the books for the month, now 45 units ahead of sales for the entire month last year.


A total of 66 residential sales were processed through the multiple listing service® this week, up 20 units from the previous week, and ahead of sales for the same period last year by 14.


New listing numbers were stronger than I might have guessed they’d be. Saskatoon real estate agents added 70 residential properties to the MLS®, down three from last week, to exceed last year’s number by one.


Saskatoon residential MLS sales and and new listings for the week of December 14-20, 2019



The inventory of active listings fell to its lowest point for any week since January of 2015. As of this morning, there are 1353 Saskatoon homes offered for sale on the MLS® system, down by 49 from a week earlier, and lower annually by 180 properties for an annual decline of about 12 percent.


There are currently 792 single-family homes for sale in the city, down from 867 at this time last year. Condominium numbers have fallen to 496 from 570 last year for an annual decline of roughly 14 percent.


Active Saskatoon real estate listing on the MLS at December 20, 2019



A strong week of sales for apartments edged the median sale price for the week lower to $323,450 while ten sales that posted prices greater than 500K pushed the weekly average sale price higher to $342,459.


The six-week average price fell for the second week in a row to settle at $322,540. That is the lowest it’s been since early April, and down about twelve thousand dollars annually. The four-week median price took its fourth consecutive decline to end the week at $316,068 for an annual drop of about thirty-five hundred dollars. 


Average and median prices for Saskatoon homes sold December 14-20, 2019



One Saskatoon home seller had the good fortune of an above list sale price that paid them a bonus of $2500. Meanwhile, 60 of the week’s 66 sales closed below the seller’s asking price to net those buyers an average discount of $14,918.


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.


Sale price to list price ratios for Saskatoon homes sold through the MLS the week of December 14-20, 2019


More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for MLS home sales from December 14-20, 2019


Though the numbers will be small, there will be a report next weekend. No sense messing up a 667-week roll, right?


Thank you for reading TeamFisher’s Saskatoon Real Estate Week in Review. If you do celebrate, my team would like to extend our best wishes to you and your family for a lovely Christmas.


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