Saskatoon real estate sales cooled over the past week as just 62 residential trades were reported to the multiple listing service®. Sales were lower than they were the week before by 13 units and down seven from the same week last year.
The number of new listings added to the MLS® fell even more to 151, down from 185 the previous week, and down nine from the same period of 2018.
The total number of MLS® listings available in the residential category remained stubbornly high at 1909. That number is down just three from a week ago. At the close of the same week last year there were 1969 Saskatoon homes for sale. A closer look by category shows that buyers have 1158 detached houses to choose from, up 61 units from a year earlier. There are 657 Saskatoon condos for sale, well down from 745 at the close of the same week last year.
The weekly average sale price moved up about five thousand dollars to $349,897. The median sale price grew by 15K to $334,250. Meanwhile, the six-week average price grew to $333,953 for a weekly increase of $3500 and an annual increase of 13K. The four-week median price grew to $320,000 which is up by five thousand dollars on both a weekly and an annual basis.
The majority of this week’s sales were reported to have sold at less than the seller’s asking price. Buyers netted an average discount of $14,580. Just one seller closed above their asking price with a bonus of $1100 being paid.
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.
More weekly stats and numbers for those who love them.
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
Royal LePage Vidorra