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Saskatoon real estate: Week in review (September 15-19 2008)

The pace of new Saskatoon real estate listings slowed some from previous weeks as just 130 residential listings made their way to the multiple listing service including 117 single-family homes and condominiums, the smallest number we’ve seen for any week since the week of March 17-21. Total residential listing inventories showed little change from last week, moving up just one unit to 1,738 properties. Single-family and condo inventories showed equally modest drops from the previous week to settle at 1,083 and 538 respectively. Historically, this is the time of year when active listing inventories begin to slide some. It will be interesting to see if that trend occurs this year.


Residential units sales also softened sliding from 58 units last week to 50 units this week but sales in the single-family and condo categories were down further falling to 42 properties compared to 57 the week before. It was reasonably good week for those looking to unload “revenue property” as close to half of the month’s sales were completed over the past seven days.


A total of 75 residential properties were either cancelled or withdrawn from the MLS and 50 of those units found their way back to the system as “new listings,” most with a new price. An additional 136 price adjustments were processed over the course of the week. Still, the average asking price in the single-family home and condo categories is $336,898, significantly higher than the average selling price of $282,470 recorded in August.


The average selling price of a Saskatoon home was up again at $316,380 largely due to one sale in area 1 which broke the million-dollar mark and pushed the overall average about $18,000 higher. This was the third residential sale to crack the one million dollar mark since May of this year. Before that, the entire MLS history shows just one sale in this price category within the city limits.


Saskatoon real estate: Week in review (September 15-19, 2008)


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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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