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Saskatoon real estate week in review: July 18-22, 2011

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 Cancelled and withdrawn listings fell to just thirty homes with roughly two thirds of those immediately returning to the MLS® system as a new listing, most with a new price.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
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.

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