Saskatoon real estate sellers continued to show their enthusiasm offering 122 single family homes and condos to the market, bringing total active listings to an annual high of 663 units (also higher than any month end in 2006). You could almost hear the buyers yawning as only 48 Saskatoon homes were reported sold, the lowest number for any week in the history of the “Week in review.”
While average overbids were less than half of what they were last week, the average selling price of a Saskatoon home came in at one of its highest levels this year, topped only once before, the week of September 10-14.
Though demand is obviously showing signs of weakening, properties valued well below the average continue to attract substantial attention. Two properties which I listed Friday, one at $214,900, the other at $219,900 had both received acceptable offers by the end of the day on Saturday. One of the two properties attracted approximately 16 showings and seven offers, most of those above the asking price.
Here are the numbers for your review.
I’m always happy to answer your Saskatoon real estate questions.
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Norm Fisher Royal LePage Vidorra