CONTACT

Saskatoon real estate week in review for September 7-13, 2019 (edition #653)


Saskatoon home sales and listing activity both grew on an annual basis this week. 


Local real estate agents reported 75 firm residential trades to the MLS® this week, up ten from the previous week for an annual increase of three sales.


New listing activity was unusually strong for this time of year, spiking higher for the second consecutive week. A total of 185 properties were added to the multiple listing service®, down seven from last week for a year-over-year increase of 17.


Saskatoon residential MLS sales and and new listings for the week of September 6-13, 2019



The inventory of Saskatoon homes for sale grew for the second week and cracked the 1900 mark again. Today, there are 1912 active residential listings in our MLS®, up 14 from last week’s close, but down from 1961 a year ago. Single-family homes inventory is at 1168 today, well up from 1086 a year ago. Condo listings fell lower to 647 for an annual decline of 106 units.


Active Saskatoon real estate listing on the MLS at September 14, 2019



The weekly median sale price moved slightly higher this week to $319,000 while the average sale price moved modestly lower to $344,756. 


The six-week average pushed higher to $330,621 and recorded a year-over-year increase for the first time in six weeks. That measure is up nearly 5K from a year earlier. Meanwhile, the four-week median price held steady at $315,000 for the second week in a row for an annual increase of close to three thousand dollars.


Average and median prices for Saskatoon homes sold September 7-13, 2019



Two sellers closed a deal receiving an offer of $100 more than their asking price. Buyers won at the negotiating table as 69 deals closed below list price with an average discount of $15,714. That number was significantly skewed by the Nutana sale that closed at nearly $300,000 below the asking price.


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 7-13, 2019



More weekly stats and numbers for those who love them. 


Real estate statistics for Saskatoon homes sold through the MLS for the week of September 7-14, 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


Comments:
No comments

Post Your Comment:

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.
 

Posts By Date
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.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatoon Region Association of REALTORS® displayed on this site is refreshed every 2 hours.
Google Analytics Alternative