CONTACT

Saskatoon real estate: Week in review (July 30–August 3 2007)

While the number of new Saskatoon real estate listings outpaced sales once again this week, active listings of Saskatoon homes remained steady at 424. This can be explained by a higher than usual number of expired listings (a listing which fails to sell during the agreed upon marketing period). We’ve never talked much about expired listings as they haven’t been much of a factor lately but I do wonder if we’ll we will start to see more of them. This would be another factor which one could watch for signs of stabilization. Here are the numbers of expired listings for each month over the last year.


August, 2007 (to date) – 15

July, 2007 – 29

June, 2007 – 18

May, 2007 – 13

April, 2007 – 12

March, 2007 – 11

February, 2007 – 15

January, 2007 – 30

December, 2006 – 81

November, 2006 – 53

October, 2006 – 67

September, 2006 – 71

August, 2006 – 61


It’s certainly no big surprise that expired listings have fallen off substantially this year, but there does seem to be a growing number of them over the last couple of months.


Buying activity appears to have been fairly consistent with what we’ve come to expect with over 60% of Saskatoon real estate sales being reported as “sold above the asking price.” Activity was strongest on Saskatoon’s east side where the majority of sellers hit the overbid jackpot with close to 80% of homes selling over list price. Areas 3, 4 and 5 were much closer to 50%.



See a Google map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports


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 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.
 

Subscribe to our Blog

Posts By Date
The Saskatchewan REALTORS® Association (SRA) (SRA) IDX Reciprocity listings are displayed in accordance with SRA's MLS® Data Access Agreement and are copyright of the Saskatchewan REALTORS® Association (SRA).
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 Saskatchewan REALTORS® Association (SRA) displayed on this site is refreshed every 2 hours.
Google Analytics Alternative