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Saskatoon real estate week in review for September 14-20, 2019 (edition #654)


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.


Saskatoon residential MLS sales and and new listings for the week of September 14-20, 2019



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.


Active Saskatoon real estate listing on the MLS at September 22, 2019



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.


Average and median prices for Saskatoon homes sold September 14-20, 2019



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.


Sale price to list price ratios for Saskatoon homes sold through the MLS the week of September 14-20, 2019



More weekly stats and numbers for those who love them. 


Saskatoon real estate statistics for MLS home sales from September 14-20, 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.
 

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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