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Saskatoon real estate week in review: June 25 - July 1, 2017


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

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.

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