Saskatoon real estate: Week in review (October 22-26 2007)

Saskatoon real estate: Week in review (October 22-26 2007)

The Saskatoon real estate market continued to move at a pace which was remarkably similar to the previous week. A total of 61 houses and condos were reported sold and prices were pretty much spot on with what we’ve been seeing most recently. New residential listings fell slightly from 122 to 112 units but active listings still managed to move ahead slightly to 689 properties, up from 675 last week.

The percentage of homes selling below list price increased again to 77%, but above list sales also managed to see a bit of an increase to 15%. More and more sellers are pricing their properties at, or above market value providing buyers with a bit of negotiating room in most instances.

The condo market has certainly slowed. Today, there are 139 condos available on Saskatoon’s east side. Only 12 condo sales were reported last week. Anyone seeking a townhouse style condo in Saskatoon’s east end will be pleased to find a number of good options, and probably some motivated sellers. There are quite a few new, never lived in homes ranging in price from the low 240’s to the mid 260’s. The demand for good single family homes priced around or below the average still seems to be quite high. Most of what comes available will find a buyer pretty quickly if it’s realistically priced and showing well.

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

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