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Saskatoon real estate week in review for November 4-10, 2018 (edition #609)


Saskatoon real estate sales in the residential category fell lower for the sixth week in a row as winter conditions took a firm hold on the market. Local agents reported just 39 firm sales this week, down six from last week, and falling short of sales recorded during the same period last year by 33 units. This is the fifth consecutive week during which sales fell on a year-over-year basis.


New listing activity was also sharply lower as Saskatoon real estate agents added just 119 new listings to the multiple listing service®. That number is lower than the previous week by 32. During the same week last year 161 Saskatoon homes came onto the MLS®.


sales


The total number of Saskatoon homes available to buyers on the MLS® was stable on a weekly basis. As of this morning, 1749 such properties could be found in the “active” category, down just one from a week earlier. A year ago there were 1910 homes for sale on the system. Condo inventory sits at 651, down from 685 a year ago. The number of detached single-family homes for sale is now at 987, down from 1107 on this date last year.


actives


Both the weekly median sale price and the average sale price of a Saskatoon home took marginal gains this week to $344,713 and $337,000 respectively. The six-week average price inched higher by seven hundred dollars from the last period to reach $327,856. That’s about ten thousand dollars lower than it was a year ago. The four-week median price slipped to $315,950 to finish the week down on an annual basis by $11,500.


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For the first time in a few weeks we have one house that sold for more than the asking price. The typical Silverwood Heights four-level split sold $3100 above the seller’s list price. Meanwhile, 37 of the week’s sales went below the list price and netted buyers and average discount of $13,143.


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

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.
 

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 700 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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