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Saskatoon real estate: Week in review (May 21-25 2007)

Home buying and listing activity remained strong last week in spite of the long weekend with a total of 126 new residential listings and 104 home sales reported to the Saskatoon MLS®.


The average selling price of a Saskatoon home reached its highest point since I began tracking weekly activity at $251,164.It’s important to note that this number can be greatly impacted by an unusually high number of luxury home sales and that appears to be what happened last week. Area 1 showed 10 sales of homes above the $400,000 mark and Area 2 produced a sale at $959,000, the highest-priced home ever recorded sold on the Saskatoon MLS® system.


Saskatoon real estate sales and listing stats for the week of May 21-25 2007


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


  • The two-bedroom walk-up apartment hit a new high as an 820 square foot unit in Wildwood sold for $190,000.This is one of those apartments which you could have taken your time thinking about last fall and easily bought for $90,000.
  • River Heights bungalow (1,236’) with a single attached garage goes for $370,000.
  • Haultain bungalow at 850’ with a single garage brings $275,000.
  • Dundonald bi-level at 1,251’ with a double attached garage fetches $345,000.
  • Arbor Creek four-level split on Kenderdine Road (1,024’) goes for $365,000.
  • 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 the 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. 


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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