Saskatoon real estate sales slipped lower this week to 90, down 13 from last week to finish just one sale below the numbers recorded during the same period last year.
New MLS® listings also fell. This week’s numbers came in at 184, which is 13 fewer homes than were listed last week, and a whopping 33 more than came on the market during the same period of 2016.
Active MLS® listings inventory saw its largest single week decline as it slipped by 70 homes compared to the close of the previous week. The count of active residential listings is at 2153 today, up 85 from a year earlier. Active condo listings are now at 804, up 30 for the close of the same week last year. Single-family homes have slipped from their peak numbers to 1193 which is 84 more than we had a year ago.
High-end sales missing from the previous week’s numbers came back strong this week with the average sale price of a Saskatoon home coming in at $369,260. The median sale price also surged ahead to $351,000. That was enough to push the four-week median price substantially higher to $333,500 which is still $6500 lower than it was a year earlier. The six-week median inched ahead a few hundred dollars to $348,426 to fall short of last year’s number by about $5400.
After a shutout last week, one overbid sale was recorded this period. That seller hit the jackpot and received $11,500 more than they had asked for their home. Another six sales came in at the asking price. Meanwhile, 83 of this week’s trades are reported to have sold for less than the list price netting those buyers a hefty average discount of $15,697.
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