Saskatoon real estate: Week in review (June 11-15 2007)

Saskatoon real estate: Week in review (June 11-15 2007)

Last week, and the week before we saw the percentage of Saskatoon homes which were selling above the asking price drop to levels than we hadn’t seen for a couple of months. The numbers from this week took us in the other direction showing the highest percentages of over list price sales on record. A full 81% of Saskatoon real estate sales in the “residential” category sold above the asking price. On Saskatoon’s east-side, 58 of 63 home sales reported fell into the above list column. Area 4 once again showed relatively poor performance with only about half of its home sellers hitting the overbid jackpot.

In spite of the fact that we had one of our highest volume listing weeks with 145 newly listed homes offered on the market, average overbids remained very high topping the $20,000 mark in all major areas and averaging $26,786 across the entire Saskatoon real estate market.

Saskatoon real estate sales and listing stats for the week of June 11-15 2007

Notable sales.

  • 635 square foot one-bedroom apartment at Forest Grove Village sells for $145,000.
  • Brevoort Park bungalow at 1,173 square feet with a single attached garage goes for $410,000.
  • Apparently, you can now pay $225,000 for a 912 square foot bungalow with a single garage in Mount Royal.
  • How about at 1,045 square foot bi-level on a busy Westview Heights street for $327,000. Double garage of course.
  • On the “remarkably reasonable” side, here’s a reasonably showy two-storey split boasting a prestigious Silverwood Heights crescent location, a double attached garage, and numerous upgrades for only $379,900.

I’m always happy to answer your Saskatoon real estate questions. 

Norm Fisher

Royal LePage Vidorra

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