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Saskatoon real estate week in review for June 8-14, 2019 (edition #640)


Saskatoon home sales slipped lower for the second week in a row to end a nine-week streak of year-over-year unit sales increases. Local REALTORS® processed 82 firm deals this week, down just seven from the previous period but lower than numbers recorded last year by 31.  


New listings took a solid dip falling from 240 last week to 187 for the current week. Those numbers are down 35 units compared to activity reported last year.


Saskatoon residential MLS sales and and new listings for the week of June 8-14, 2019


The inventory of active Saskatoon real estate listings moved higher and closed the week at 1978 for a weekly increase of 32 and an annual decline of 55 homes. A quick audit of available listings this morning shows 1128 single-family homes for sale, up from 1071 at this time last year. Condo inventory has slipped lower to 720 for an annual decline of 108.


Saskatoon active residential listings on MLS at June 14, 2019



Condo buyers remained active this week while home sales above $500,000 cooled. Those factors combined to cause both the weekly median and the average sale price of a Saskatoon home to fall lower. Those measures came in at $314,200 and $329,421 respectively.


The six-week median price grew almost three thousand dollars this week and reached $336,324 for an annual increase of almost four thousand dollars. The four-week median price fell a couple of hundred dollars from last week and settled at $329,000 for a year-over-year increase of four thousand dollars.


Average and median prices for Saskatoon homes sold through the MLS from Jun 8-14, 2017



Three Saskatoon home sellers closed a sale for more than their asking price, all three netting a $5100 bonus. Meanwhile, 73 sales were reported to have sold for less than list price with an average discount of $11,712.


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 June 8-14, 2019



More weekly stats and numbers for those who love them.



Saskatoon real estate statistics for MLS home sales from June 8-14, 2017




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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