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Saskatoon real estate: Week in review (June 4-8 2007)

“Do you think it’s slowing down?” This is a question which is being asked by many Saskatoon real estate agents lately.


There’s no question that things have felt a little different over the past few weeks. While my last few listings have all received multiple offers and sold above the asking price, they have seen fewer showings than I would have expected just a month ago. There are still many buyers in the market for a home, and those who are active remain fairly aggressive, but it does seem that demand is starting to soften and buyers are likely to find a less competitive Saskatoon real estate market in the weeks ahead.


The “Week in review” numbers don’t reveal many solid clues but there are some marginal differences which can be seen this week, and last. The percentage of homes that are selling above the asking price has slipped below 70% two weeks in a row. We haven’t seen that since the week of April 9. The most apparent change is seen in Area 4, where fewer than 50% of reported sales were above the asking price. This past week also recorded a lower than the average number of sales when compared to activity over the past two months.


Here is a look at last week’s numbers.


Saskatoon real estate sales and listing stats for the week of June 4-8 2007


I’m always happy to answer your Saskatoon real estate questions. 


Norm Fisher

Royal LePage Vidorra

Norm Fisher, TeamFisher

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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