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Saskatoon real estate week in review for July 6-12, 2019 (edition #644)


Saskatoon real estate sales softened again for the second week in a row as local REALTORS® reported just 72 firm residential deals to the multiple listing service®. That number leaves us down from the previous week by six, and short of sales reported over the same period last year by 16.


New listing activity also slipped lower falling from 188 for the previous period to 172 this week, and up by five compared to the same week last year.


Saskatoon real estate sales and new listings for the week of July 6, 2019



The total number of active residential Saskatoon real estate listings available on the MLS® moved higher to 1960 for a weekly gain of 28 and an annual decline of 110. This is the 24th consecutive week in which active listings were at a five year low for the close of each particular week.


As of this morning, buyers can find 1153 Saskatoon houses for sale, 20 more than were available at last week’s close, and up 34 from the same time last year. Condo inventory also inched higher this week as it grew by 12 to hit 698, well down from 827 a year earlier.


Active Saskatoon real estate listings on the MLS at July 13,, 2019



The number of Saskatoon homes that traded at a price below 200K was down by nearly 50 percent this week which helped push the weekly median price higher by twenty thousand dollars to $315,000. That change also contributed to a big increase in the weekly average price as it grew by almost 20K to reach $352,680.


The six-week average price took its third consecutive gain as it grew to $339,432, up about three thousand dollars from last week for an annual increase of just under 5K. The four-week median price held firm at $317,500 for the second week to finish down annually by $2500.


Saskatoon home prices for the week of July 8, 2019



When the dealing was wrapped up for the week, four sellers got their price and one got a modest overbid of $100. Meanwhile, 67 of 72 sales closed below the asking price with an average discount of $13,629.


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 July 8, 2019



More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for MLS home sales the week of July 8, 2019


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


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


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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.
 

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