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A total of 75 residential properties were either cancelled or withdrawn from the MLS and 50 of those units found their way back to the system as “new listings,” most with a new price.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.
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Royal LePage Vidorra