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Saskatoon real estate: Week in review (March 30–April 4 2008)

Saskatoon real estate listing inventories grew again for the fourth consecutive week, this time rather substantially, as 197 residential listings were added to the Multiple Listing Service database. At the close of a week that saw the greatest number of new listings since we started our weekly reviews, total active listings were up from 470 units last week to 543 units including 344 single-family homes (houses) and 149 condominiums. An additional 49 MLS listings appear in the conditional sales category.


Sales remained brisk with 92 homes reported as sold. Nearly two-thirds of the sales activity occurred on Saskatoon’s east side, skewing average selling prices to their highest point on record, $319,639. It should also be noted that there were three sales recorded above the $800,000 mark, which boosted the average further. These three sales essentially push the average price up nearly $25,000.


Overbids were less frequent once again with only a third of homes sold reporting prices which exceeded list price, but the average overbid did makes some small gains over last week, reaching its highest point this year at $17,491. During the same week last year, 70% of homes sold went above the asking price by nearly $21,000 on average. At that time, there were just over 250 homes for sale including properties that were conditionally sold. It’s a different market indeed.

Saskatoon real estate: Week in review (March 30 – April 4)

Notable sales


  • Briarwood two-storey under construction (2,450’) goes over by $98K to sell at $898,000.
  • Wildwood apartment, 810 square feet sells $20,000 over at $198,000.
  • Nutana apartment, 915 square feet sells for $307,500.
  • Avalon bungalow, 860’ with a single garage sells $25K over list at $315,000
  • Haultain bungalow, 785’ with a single garage brings $272,500
  • Nutana area two-storey, just under 2,100 square feet fetches $875,000.



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.


Follow our daily updates on Twitter @SaskatoonHomes.


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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