CONTACT

Saskatoon real estate week in review for December 16-22, 2018 (edition #615)


Residential sales saw both a weekly and an annual increase of eight this week as Saskatoon real estate agents reported 52 local trades to the MLS®.


New listings conitnued to fall lower as they always do in the final weeks of the year. A total of 75 Saskatoon homes were added to the system this week, down from 86 the previous week, and below the 87 listings that were added to the system over the same week last year.


Sales


Listing inventory also continued on a slow downward trend. As of this morning, there are 1533 active MLS® listings in the residential category, down 63 units from last week’s close, and lower than it was at the end of the same week last year by 103.


A closer look at the major housing categories shows 570 active condo listings within the city of Saskatoon. That number falls lower than it was a year ago by 57. Today, there are 867 single-family homes for sale now, down just 33 from a year earlier.


Active


The median sale price for the week fell to $297,500 to reach its lowest level in nearly three months as high-end home buyers took a holiday break. With just four sales hitting numbers above $500K the weekly average also took a plunge as it fell to just $310,783. Both of the longer-term measures we track followed suit. The six-week average price dropped six thousand dollars to $334,743 and closed the week down from a year ago by just seven hundred dollars. Meanwhile, the four-week median price lost $5500 from a week earlier. It settled at $319,500 to find itself lower than it was a year ago by $1750.


Price


One seller picked up a solid bonus as buyers bid up the price of their home to close $12,600 higher than the asking price, while 49 of this week’s buyers managed to negotiate a discount averaging $11,577.


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


Wishing a very Merry Christmas to those who celebrate. I hope you all enjoy a peaceful and relaxing holiday.


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


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.
 

Posts By Date
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.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatoon Region Association of REALTORS® displayed on this site is refreshed every 2 hours.
Google Analytics Alternative