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

Norm Fisher

Royal LePage Vidorra

No comments

Post Your Comment:

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 domain and we have a lot of stuff to move! Another 1400 posts can be found at 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.
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