This past week I heard many agents remark that they hadn’t received offers on their listings at presentation time.Based on the chit-chat that goes on I can’t help but feel that the Saskatoon real estate market is beginning to change but once again, the numbers tell a different story.
Saskatoon homes continued to sell at a hectic pace with 120 units changing hands. While the average selling price and the average overbid were both down slightly from the previous week, the percentage of Saskatoon homes which sold above the asking price remained pretty steady at about 70%. All of the home sales reported in area 3 were above asking price. Area 4 showed the lowest percentage of over list price sales again at 50%.
Active Saskatoon real estate listings of houses and condos reached slightly higher levels closing the week at 341 units.There are a total of 366 properties showing and active status including duplexes and semi-detached homes, still about half of what we would like to see at this time of the year.
- Another executive home in Erindale fetches $900,000.
- Two Lakewood townhomes (Tuscany) sell in the high 280’s. This is particularly remarkable when I consider that one of my buying clients moved into a similar unit in the same project on July 28, 2006 which she bought new for $125,500.
- Haultain bungalow (672’) with a single garage goes for $241,395.
- Mayfair bungalow (580’) with a double garage and located on a busy street sells for $172,000.
- Caswell Hill bi-level (998’) without a garage brings $233,900.
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