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Saskatoon real estate week in review: September 13-19, 2015

This past week brought a solid rebound in Saskatoon real estate sales as local REALTORS® reported 90 residential sales to the multiple listing service®, well up from 64 for the previous week, but down 12 when compared against completed sales for the same week last year.

The number of new listings added to the MLS® weakened just slightly. Over the course of the week, agents brought 214 Saskatoon homes to the system, down seven from last week and about even with the number of homes added during the same period a year ago.


The number of active Saskatoon real estate listings in the residential category was largely unchanged as the grand total edged up by just two homes this week to close at 2058 homes for an annual increase of 445 properties. Numbers slipped lower for the week in the single-family homes category which finished the week at 1199, up from 1002 a year ago. Condominium inventory edged up this week gaining three to reach 680 for an annual increase of 206 units.


The median price paid for a Saskatoon home saw a modest increase this week to $331,000. The average price inched higher by nearly the same amount and hit $337,458. These modest gains couldn’t keep the longer term price measures from heading lower as they’ve been doing for several weeks. The six-week average sale price slipped about three thousand dollars to $344,703 to find its lowest point since mid-April, and to show an annual loss of eight thousand dollars. The four-week median price lost nearly seven thousand dollars compared to last week as it came in at $333,200 and recorded an annual loss of nearly 14K.



Negotiations largely favoured buyers, as usual, with 79 of 90 sales being reported as having sold below the asking price with an average discount of $12,825. There were five deals that closed at the full asking price and another six that saw the buyer offering more than the seller had asked by an average of $10,530.


Other notable real estate activity this past week included 118 cancelled and withdrawn listings (111 and seven respectively), 32 expired listings and 101 price changes.


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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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