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Saskatoon real estate: Week in review (June 2-6 2008)

Any perceived “moderation” of residential listing activity in the Saskatoon real estate market was busted big as a total of 253 properties were offered up for sale on the local MLS system including 161 single-family homes and 82 condos. Total active listings spiked up to 1,259 residential units, from 1,154 at the close of last week. Today, there are 797 houses and 365 condominiums displaying the active status. An additional 66 homes are listed as conditionally sold.


Sales activity was on the weaker side with a total of 70 units reported sold, 67 of those in the house or condo categories. That would mark the second slowest sales week in the past three months, and the second largest week for new listings this year.


Remarkably, sale prices remained on the high side of the average for the year, at $323,256, just $7,000 below asking price on average. 9 of 67 sales showed sale prices, which exceeded list price by just over $13,000, while 50 buyers managed to negotiate a bit of a break, averaging $10,635.


The odds of a successful sale during any given week now sit at about 1 in 18, considering average weekly sales and new listings. Sellers need to be aware that buyers have a growing selection of properties to choose from. Don’t fall short on preparing your home for sale, and be sure that you do your research when it comes to setting a price. A fabulous online presentation of your property is a must as inventory has reached levels where buyers can’t realistically view everything that meets their needs. You can bet that many are being eliminated from the “to view in person” list because they look bad online. Everything counts today!



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.


Follow our daily updates on Twitter @SaskatoonHomes.


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.
 

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