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Saskatoon real estate week in review for September 16-22, 2018 (edition #603)


Saskatoon real estate sales remained stable this week on both a weekly and an annual basis. Local REALTORS® brought 69 firm residential sales to the multiple listing service®, down just three from last week, and up by two compared to the same week last year.


New listings continued to slip lower as they typically do at this time of the year. The total number of Saskatoon homes that showed up as new listings this week was 160, down from 167 the previous week. During the same period last year 189 homes entered the system.


sales


The total number of homes available to buyers through the MLS® in Saskatoon inched higher to 1969 for a weekly increase of eight, and an annual drop of 179. A closer look at the major housing categories shows 1097 single-family detached houses, down from 1262 a year earlier, and 745 condominiums, down from 775 at the close of the same week last year.


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The weekly average sale price of a Saskatoon home inched higher to $314,594. Meanwhile, the weekly median fell to $293,000 and reached its lowest point for the year.


The six-week average price took its sixth weekly decline to finish at $320,930. That’s down 30K from where it was a year ago. It’s the lowest number we’ve recorded for this price measure in the past year. The four-week median price broke a four-week losing streak to grow by $2,500 and finish the week at $315,000. That’s about $20,000 lower than it was a year ago.


Price


Seller’s hoping for overbids were shut-out this week. On the other hand 64 of this week’s sales were reported to have sold for less than the asking price. They showed an average discount of $12,761.


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.


List


More weekly stats and numbers for those who love them.


General


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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