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Saskatoon real estate: Week in review (September 17-21 2007)

In spite of a reduction in new residential listings and marginally higher home sales the Saskatoon real estate market continued it slow but steady trend towards “balance.” A total of 110 Saskatoon homes were placed on the market, while 83 detached homes and condominiums were reported as having sold. The total number of active residential listings stood at 617 at the week’s end.


It was one of those weeks that just felt slow. Agents were talking about a lack of showings, particularly on homes priced much above the “average.”Only 30 listings were published as “conditionally sold” which could mean some fairly bleak “firm sale” numbers over the coming week.



Here are a few of the highlights from this week’s stats as I see them.


  • This week saw the lowest number of new residential listings (110) since the week of April 23-27.
  • The percentage of Saskatoon homes selling for more than the asking price dropped to its lowest level (30%) since the week of February 19-23.
  • This week brought the largest percentage of sales recorded below the asking price (59%) since I started the “Week in review.”
  • The average list price and average sale price of a Saskatoon home was driven lower due to a decrease in area 1 activity and an increase in area 4 home sales.
  • Area 5 sales stood out against activity in all other areas with 6 of 9 homes selling above list price and an “average overbid” of more than $12,000.


See a Google map displaying the boundaries of Saskatoon real estate “areas” here Data collection and calculation for our statistical reports


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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