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Saskatoon real estate week in review for September 9-15, 2018 (edition #602)


The Saskatoon real estate market bounced back over the past week as local REALTORS® reported 72 home sales to the multiple listing service®. That’s up by 21 compared to the previous week, and tops sales for the same period last year by 19. That was enough of a gain to make up for sales declines recorded over the first week of the month September, bringing us about even for the month of September on an annual basis.


New listing numbers grew from 158 last week to reach 167 by the close of business Friday. That number is down when compared to the same week last year when local agents listed 182 Saskatoon homes for sale.


Sales


The number of Saskatoon homes available to buyers on the MLS® fell by just five this week to settle at 1961, down from 2127 at the close of the same week in 2017. Today, there are 1086 detached houses for sale, down from 1227 a year earlier. The condominium category shows 753 active listings, down from 788 a year earlier.


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With just five sales above the $500K mark, and twice that below $200,000 both the weekly average sale price and the weekly median fell lower to $310,929 and $313,750 respectively. The six-week average price slipped lower for the fourth consecutive week. It finished the period at $325,933 which is lower than last week by two grand, and down annually by nineteen thousand dollars. The four-week median fell for the fifth week in a row to settle at $312,500. That number is down nearly two thousand dollars for the week and sixteen thousand annually.


price


One lucky seller had a pleasant negotiation that resulted in a deal for $100 more than the list price they selected. It was a good week for buyers, 66 of whom managed to grind a discount that averaged $12,350.


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.


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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

As a collaborating partner on 'The Value-Driven Approach To Sell Real Estate' project, Norm shows Saskatoon homeowners how to find hidden, tax-free profits in their home sale.Less...

As a collaborating partner on 'The Value-Driven Approach To Sell Real Estate' project, Norm shows Saskatoon homeowners how to find hidden, tax-free profits in their home sale. Known locally as an impact leader he supports many organizations that serve our community’s most vulnerable people like the Saskatoon Interval House, the YWCA Crisis Shelter, the Lighthouse, the Friendship Inn and others. He has participated in several physically daunting charitable challenges and helped raise over one million dollars for women's shelters across Canada. Additionally, he’s a charter member of 100 Men Who Give a Damn in Saskatoon, a group of local philanthropists who are driven to bring positive change to those in need within our community. Fisher is a licensed real estate broker and owner of Royal LePage Vidorra, a boutique brokerage known for technology and innovation.

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 1400 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.
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.
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