Posted on
July 23, 2011
by
Norm Fisher, Royal Saskatoon Real Estate
Saskatoon real estate sales softened some compared to last week but continued at levels above the average for the past few months. A total of ninety-three single-family homes and condominiums were reported sold through the multiple listing service®, ten fewer than
last week and five more than were sold during
the same week last year. New MLS® listings remained steady at one hundred and six homes, for a week-over-week drop just two and down four from the same period a year ago. Click the image for a larger version of the graph.
The inventory of active Saskatoon MLS® listings continued to show some stubbornness posting modest growth on a weekly basis and climbing twelve units to 1422, up from a year ago when 1368 residential properties were for sale. As of this morning, there were 814 houses and 512 condos showing an active status. Last year at this time, those numbers stood at 808 and 479 respectively. Click the image for a larger version of the graph.
Cancelled and withdrawn listings fell to just thirty homes with roughly two thirds of those immediately returning to the MLS® system as a new listing, most with a new price. An additional fifty-four property owners adjusted the asking price of their home. The median sale price of a Saskatoon home moved higher again but managed to stay just below the $300K mark at $299,900. The average sale price for the week moved in the opposite direction falling a little more than ten thousand dollars to $297,261. The six-week average sale price continued downward on an eight-week trend, this time taking its largest drop during that time and slipping nearly four thousand dollars to $305,108. Still, it sits roughly fifteen thousand dollars higher than it was at the same time in 2010. The four-week median price also dropped for the third week in a row finishing at $296,000 for a weekly decline of almost three thousand dollars and an annual gain of twenty one thousand dollars. Click the image for a larger version of the graph.
Seventy-nine of ninety-three sellers sharpened their pencil to make a deal with an average discount of $9,486. Eleven others managed to get their asking price. Just three sellers completed a deal at a price that exceeded their asking price by an average of just $1,766. Click the image for a larger version of the chart.
I’m always happy to answer your Saskatoon real estate questions. All of my contact info is
here. Please feel free to call or email. Norm Fisher Royal LePage Saskatoon Real Estate
The inventory of active Saskatoon MLS® listings continued to show some stubbornness posting modest growth on a weekly basis and climbing twelve units to 1422, up from a year ago when 1368 residential properties were for sale. As of this morning, there were 814 houses and 512 condos showing an active status. Last year at this time, those numbers stood at 808 and 479 respectively. Click the image for a larger version of the graph. 
Cancelled and withdrawn listings fell to just thirty homes with roughly two thirds of those immediately returning to the MLS® system as a new listing, most with a new price. An additional fifty-four property owners adjusted the asking price of their home. The median sale price of a Saskatoon home moved higher again but managed to stay just below the $300K mark at $299,900. The average sale price for the week moved in the opposite direction falling a little more than ten thousand dollars to $297,261. The six-week average sale price continued downward on an eight-week trend, this time taking its largest drop during that time and slipping nearly four thousand dollars to $305,108. Still, it sits roughly fifteen thousand dollars higher than it was at the same time in 2010. The four-week median price also dropped for the third week in a row finishing at $296,000 for a weekly decline of almost three thousand dollars and an annual gain of twenty one thousand dollars. Click the image for a larger version of the graph. 
Seventy-nine of ninety-three sellers sharpened their pencil to make a deal with an average discount of $9,486. Eleven others managed to get their asking price. Just three sellers completed a deal at a price that exceeded their asking price by an average of just $1,766. Click the image for a larger version of the chart. 
I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email. Norm Fisher Royal LePage Saskatoon Real Estate
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