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Saskatoon real estate: Week in review (May 14-18 2007)

If Saskatoon real estate buyers were holding out any hope that this market may have been starting to show signs of balancing, this week’s numbers provide a solid slap in the face and a reality check.


While there was some good news on the listings front when total actives briefly broke the 300 mark for the first time this year, and the largest number of new listings for any week this year came on the market, Saskatoon real estate agents also reported a record number of residential sales at 154 units.


Saskatoon home buyers continued to show their spirit and determination to get out of the market once and for all bringing offers over the list price on a full 75% of homes listed. The average overbid for all Saskatoon homes reached its highest average once again at $27,156.


Here’s a look at the numbers.


Saskatoon real estate statistics for MLS home sales from May 14-18 2007



Here are a few of the more notable sales from last week.


  • Showy Forest Grove bi-level at 1,100 square feet with no garage goes for $310,500.
  • Lakeridge two-storey (1,726’) sells for $370,000.This is only remarkable because it also sold in 2003 for $182,000 and provides a pretty clear picture of what’s happening to Saskatoon property values.
  • More than one, one-bedroom condo in the 735’ range sells in the 180’s.
  • Cute little (900’) Queen Elizabeth bungalow with a legal suite and no garage sells $62,000 over list at $270,000.
  • Large (1,584’) Montgomery Place bungalow goes $20,000 under list at $269,900. This one is a bit baffling as it has a double garage, large lot and some nice upgrades.It was left open for offers for one full week. Perhaps the best buyers for this home found something else in the meantime.


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


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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