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Saskatoon real estate: Week in review (September 1-5 2008)

Saskatoon real estate sales activity is often on the softer side through the last week of August and the first week of September as families take a break to get kids back to school. This past week was no exception with residential real estate sales slowing to just 38 units including 36 properties in the single-family and condo categories. 23 of the 36 home sales occurred on Saskatoon’s east end. North end sellers were nearly shut out with just 2 sales being reported for the week.


If there was a retreat, most of the breaking happened on the buyer side as new listings increased from previous weeks. 167 residential properties were introduced to the market including 90 houses and 70 new condominium listings. Total actives reached a new high at 1,704 residential properties including 1,060 single-family homes and 537 condos. 686 of those properties show up as vacant, including 88 properties that are categorized as “new.” Through the course of the week, 50 residential properties were cancelled and 40 of those listings re-surfaced as new listings. 117 motivated sellers changed their pricing strategy.


Fewer than 10% of homes sold got their full asking price and the average underbid increased from last week to $13,751. The average selling price reached its highest point in a month to settle at $285,435, up from $270,911 last week.

Saskatoon real estate: Week in review (September 1-5, 2008)


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Norm Fisher
Royal LePage Vidorra

Norm Fisher, TeamFisher

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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