Saskatoon real estate: Week in review (March 26-30 2007)

Saskatoon real estate: Week in review (March 26-30 2007)

The average selling price of Saskatoon homes topped $200,000 for the third consecutive week.

Sales reported to the Saskatoon Real Estate Board over the past week averaged sale prices of $210,804, up over $10,000 from the week before. This is the first week since I started the “Week in review” where the average list price exceeded $200,000.

The percentage of homes which sold at or above asking price was 64%, a number which seems to be fairly typical over the last several weeks. Area 5 was the clear winner in this category with about 80% of homes reported sold selling at or above their asking price.

The “average overbid” in the case where a property sold above asking price was almost the same as the previous week’s number at $14,076.

Total active listings of single-family homes and condominiums numbered 226 which is a marginal decrease from the week before.

Some of the more notable sales include the following:

  • The typical Lakeview “apartment-style condo” breaks a new record with a 2 bedroom unit selling at $150,500.
  • 1,300 square foot townhouse in University Heights goes for $30,000 above asking price at $245,000.
  • 950 square foot bungalow at Cumberland and College brings $265,000.
  • 1,170 square foot bungalow on a busy Lawson Heights street fetches $290,000.
  • 1,040 square foot bungalow in Mount Royal sells for $204,000.
  • 1,160 square foot Fairhaven bi-level finds a new owner at $240,000.

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

Norm Fisher

Royal LePage Vidorra


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