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Saskatoon real estate: Week in review (October 1-5 2007)

In spite of market conditions which should clearly be working in favour of Saskatoon real estate buyers, sellers who managed to strike a deal on their home this week did quite well, particularly in the east end areas.


New listings of Saskatoon homes outpaced unit sales by two to one with 113 condos and single family homes offered up for sale on the Multiple Listing Service®. Active listings in the residential category reached an all time high for the year at 641 units. Only 56 homes were reported sold throughout the week which is the lowest number recorded since the inception of the “Week in review.”


The highlights as I see them.


  • The percentage of homes selling above the list price increased to 29% from its previous record low of 20%.
  • The average overbid soared to its highest level since the week of July 23-27.
  • Area two produced the highest average overbid ever recorded in the history of the “Week in review,” largely driven by one property which sold $181,000 above list price.
  • The average selling price exceeded the average asking price for the first time since the week of August 27-31.
  • The average selling price of a Saskatoon home bounced back above the quarter million dollar mark following a fairly sharp drop during the two previous weeks.


See a Google map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports


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.


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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