Saskatoon real estate: Week in review (May 28 - June 1 2007)

Saskatoon real estate: Week in review (May 28 - June 1 2007)

It was another big week for reported sales with a total of 146 units and while the “average overbid” across all Saskatoon real estate areas reached its highest level at $27,770 the percentage of listings which sold for more than asking price dropped to its lowest level since the last week of March. Contributing to the decline is a condo conversion project in Area 2 where the developer is actually selling condos for the asking price. Their agents reported 8 “at list” price sales. Area 4 sellers had some challenges pushing buyers above asking price and only about 33% found success in doing so.

Saskatoon real estate sales and listing stats for the week of May 28 - June 1 2007

Some of the more notable sales include;

  • Showy Arbor Creek bungalow (1,010) square feet on one of the main roads with a double attached garage and an open basement brings $350,000.
  • Nutana area two-storey of just 1,193 square feet with a double detached garage goes for $300,500.
  • Silverwood bi-level of 1,208 square feet with a double attached garage sells for $391,000.
  • Fairhaven coach home of 1,100 square feet fetches $180,100.
  • A tip of the hat to Metro Developments who is marketing a condo conversion project at 315 East Place and is represented by Remax Saskatoon for actually picking a list price and allowing buyers to purchase units at that price.

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

Norm Fisher

Royal LePage Vidorra

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