CONTACT

Saskatoon real estate week in review for July 1-7, 2018


The Saskatoon real estate market experienced a small downturn in sales on a weekly basis, even while sales numbers grew compared to the same week last year. Local agents reported 81 firm residential sales to the Saskatoon MLS®, down five from the previous week, but up by 11 from the same period of 2017.


The number of new listings added to the multiple listing service® was lower for the week, and year-over-year. By the close of the week, agents had brought an additional 173 Saskatoon homes to the MLS, down just three from last week, but well below the 200 that came on a year earlier.


sales


The inventory of active MLS® listings fell lower as over 100 active listings met the end of their term without a sale when June came to a close. As of this morning, there were 2056 residential properties for sale on the MLS®, down from 2131 last week, and lower than it was at this time last year by 113 Saskatoon homes. Condo inventory bucked the trend as the selection grew to 816, up from 800 a year earlier. Single-family homes for sale slipped to 1116  from 1212 at the close of the same week last year.


actives


The median sale price for the week saw modest gains from last week and reached $317,500 while the weekly average grew nearly 15K and reached $340,416. Still, a strong average this week was not enough to keep the six-week average price of a Saskatoon home from slipping to a new annual low. It slid lower by about 13K from last week to close down nearly thirty thousand dollars from levels seen at this time last year. The four-week median price also fell lower losing 5K from last week, for a more modest annual decline of nine thousand dollars.


prices


Sellers looking to create a bidding war that might drive their contract price higher than their list were left wanting. On the other hand, 73 buyers took their seller’s price lower with an average discount of $11,210.


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


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