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Saskatoon real estate: Week in review (July 7-11 2008)

Total active residential listings on the Saskatoon real estate market saw a net gain of 28 units this week, increasing to 1,461 from 1,433 last week. A total of 194 properties were listed for sale, including 51 that made a repeat entry into the system (cancelled and relisted). Today, there are 943 single-family homes and 412 condos bearing the “active” status. An additional 41 homes are flagged as “conditionally sold.”


Sales of Saskatoon houses and condos were up about 10% from last week with a total of 75 properties hanging a sold sign. At the same time, demand was down about 37% compared to the same week last year when 119 houses and condos changed hands.


The average selling price of a Saskatoon home dropped again for the third consecutive week to $292,185, the lowest number we’ve seen since the week of April 28 - May 2. Most often, I’m warning about the potential for skewing in the weekly stats, but I don’t see that so much over the last couple of weeks. I think there’s little doubt that prices have dropped some as motivated sellers battle it out for a limited number of buyers. There actually seems to be a decent selection of single-family homes in some nice areas available for under $300,000.

Saskatoon real estate: Week in review (July 7-11, 2008)


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.


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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.
 

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