Saskatoon real estate agents saw the fewest number of sales in the past ten weeks this week. A total of 87 house and condo listings were reported sold to the Saskatoon MLS® system, down 19 units from the previous week and below numbers recorded during the same week last year by 14.
New listings added to the multiple listing service® this week also took a downturn falling 40 units from last week to 143 to finish ahead of the same week last year by seven.
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The total number of MLS® listings showing an active status on the system moved ahead again growing by 25 units this week to 1237 for a year-over-year decline of about 180 homes. Today, there are 735 single-family homes and 428 condominiums available to purchasers within the city of Saskatoon. At the close of the same week a year ago those numbers stood at 841 and 518 respectively.
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A few more upper-end sales brought average prices bouncing back again. As the average sale price of a Saskatoon home picked up almost twenty thousand dollars compared to last week to reach nearly $340K, the median price for the week managed to slide another 10K below the previous week’s finish to settle at was $306,700. The six-week average price edged ahead almost three thousand dollars from last week to reach $338,165 for a year-over-year gain of about twenty-three thousand dollars. The four-week median slipped lower by five thousand dollars over the week to settle at $320,000 and claim an annual gain of twenty-five thousand dollars.
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The number of sales that occurred above the seller’s asking price slipped lower to just five. The average overbid was fairly small at just $300. Another ten sellers received and accepted offers at the full asking price while 72 of this week’s 87 sales came in below the asking price with an average discount of $8,785 required to close the deal.
Other action on the Saskatoon MLS® this week included 53 canceled and withdrawn listings, 11 expired listings and 50 price changes.
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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