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Saskatoon real estate week in review: March 26 - April 1, 2017

Saskatoon real estate sales reached a new annual high this week as local agents reported a total of 81 firm residential deals to the multiple listing service®, up nine from the previous week, but down by 13 sales when compared against numbers generated during the same period last year. Meanwhile, month-end listing activity was quite strong as 200 new residential listings hit the MLS® system for a weekly gain of 37. These numbers were down from the same week last year when 214 new listings were added to the system.



Saskatoon residential MLS sales and listings for the week of March 26 - April 1, 2017



The number of active residential listings available to Saskatoon home buyers took a slight dip as month-end expired listings prevented the numbers from growing. This morning, there are a total of 1854 active listings, which is ten fewer than there were a week ago. Still, that number is enough to show year-over-year inventory gains for the first time since early February. At the close of the same week last year, total inventory sat at 1833. The largest growth is actually in the single-family homes category where we have 999 properties for sale, up from 955 a year ago. Condo inventory shows a rare year-over-year decline with 705 active listings today, versus 710 a year earlier.



Saskatoon residential MLS sales and listings for the week of March 26 - April 1, 2017



This week’s average sale price was driven higher by a 1.15 million dollar sale. It came in at $341,627. The weekly median remained on the low side at just $314,250 as entry-level buyers were quite active. The six-week median price made some modest gains growing by about three thousand dollars from last week to reach $341,627 and finishing the week with an annual increase of about six hundred dollars. The four-week median price fell just two hundred dollars from a week earlier to $314,250 to show an annual loss of nearly 18K.



Average and median prices for Saskatoon homes sold through the MLS from March 26 - April 1, 2017

Historical 6-week average price for Saskatoon homes sold through the MLS from March 26 - April 1, 2017

Historical 4-week median price for Saskatoon homes sold through the MLS from March 26 - April 1, 2017


Sellers had a decent week as five sales were reported at the asking price and another four hit the books recording a sale price that was greater than the seller’s list price by an average of $5,519. Meanwhile, the remaining 72 sales went below list with an average discount of $11,990.



Saskatoon real estate statistics for MLS home sales from March 26 - April 1, 2017



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.
 

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