CONTACT

Saskatoon real estate week in review: June 20-24, 2011

Saskatoon real estate sales softened this week falling to their lowest point in four weeks with just seventy-four firm house and condo sales being reported to the Saskatoon MLS® system. The final sales tally was lower than the previous week by twenty-seven homes and fell short of levels recorded during the same week the previous year by nine. New listings of houses and condos also slipped lower dropping by twenty-five units compared to last week with just 111 properties being offered for sale on the multiple listing service®, down twelve from the same period last year. Click the image for a larger version of the graph. The total number of residential listings offered for sale on the Saskatoon MLS® system edged higher once again gaining just twelve units over the close of the previous week to reach its highest point this year at 1463 properties. Today, there are just thirty-six more homes on the market than there were at the same time in 2010. There are presently 824 single-family homes and 523 condominiums showing an active status on the Saskatoon MLS® system. Last year at this time, the two categories stood at 853 and 495 respectively. Click the image for a larger version of the graph.


This week, there were thirty-eight cancelled and withdrawn listings removed from the MLS®. Twenty-eight of those immediately returned to the system as a new listing. The number of price adjustments made to the active inventory moved sharply lower from the mid-nineties last week to just fifty-six. The median selling price of a Saskatoon home pushed higher gaining more than fifteen thousand dollars to close at $310,850. The average moved up at a more modest pace picking up four thousand dollars from last week to finish at $308,222. The six-week average price moved in the opposite direction for the fourth consecutive week losing just over a thousand dollars to $313,947 to finish roughly fifteen thousand dollars higher than it was at this time last year. The four-week median moved higher by five thousand dollars compared to last week reaching $300,000 for the first time in four weeks. That’s also fifteen thousand dollars than it was one year ago today. Click the image for a larger version of the graph. Overbid activity remained weak with just two sellers picking up a firm deal above their asking price. The average overbid was $2,100. Another eleven sellers did find themselves a full price offer. Sixty-one buyers managed to grind a bit of a deal, talking their seller down by an average of $10,626. That’s about a thousand dollars higher than last week. Click the image for a larger version of the chart.


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

Comments:
No comments

Post Your Comment:

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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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