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Saskatoon real estate week in review for July 22-28, 2018


For the sixth consecutive week, the number of Saskatoon real estate sales that were completed exceeded those recorded for the same period last year. Local agents processed at total of 84 Saskatoon home sales, down eight from last week, but up 13 when compared to sales over the same period last year.


New listing activity fell lower on a weekly basis but grew a bit annually. This week’s total came in at 148, three more than were listed during the same week of 2017, but down 28 homes compared to last week.


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The total number of Saskatoon homes for sale on the multiple listing service® fell lower to 2049 by this morning, for a weekly drop of 21 and an annual decline of 161 listings. The number of single-family homes for sale in Saskatoon slipped lower to 1117, down just seven from last week’s close, and down from 1259 a year ago. Condo listings fell a bit more as they declined from 821 at last week’s close to just 805 today. At the close of the same week last year there were 855 Saskatoon condominiums for sale of the MLS®.


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While there was no shortage of high end homes trading this week, strong activity in price ranges below $200,000 ushered the median sale price of a Saskatoon home down by nearly 20K to $321,500. The average price for the week was $335,851 which was lower than the previous week by around four thousand dollars. The four-week median price held steady at last week’s number, $325,000 to claim a rare annual gain of $100. The six-week average price grew by two thousand dollars from a week earlier to reach $335,851 losing just over 10K on an annual basis. These are the smallest annual price changes we’ve recorded in months.


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Three lucky sellers found some love in an over list price offer. One of those overbids was good for a $20,000 bonus skewing the average to $8400. Meanwhile, 75 sellers had to give up some green at the negotiating table. They settled for a price that was, on average, $14,699 below their asking price.


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.

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More weekly stats and numbers for those who love them.


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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

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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