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Saskatoon real estate week in review: September 25-30, 2017

Sales activity came in at a seasonally appropriate level as Saskatoon real estate agents reported 70 firm sales to the multiple listing service®, up three from last week, and down two from the same period last year. New listings slipped lower with 183 properties being added to the MLS® for a weekly decline of six and an annual increase of 24 Saskatoon homes.


The total number of properties available on the multiple listing service edged lower to 2117, a decline of just over 30 homes when compared against last week’s close. Listing inventory remains well up from a year ago when the number of homes available had fallen to 1852. Today’s totals include 1264 single-family homes, up from 1004 a year ago. Condo inventory fell lower over the week to 745 but it remains up from a year ago when 695 units were for sale.


Sales at the lower end of the pricing spectrum were dominant enough this week to move the weekly median price way down to $285,000. With just three sales reported to have sold for more than $500,000 the average for the week also tumbled lower to just $307,291. The six-week average price lost nearly 10K this week as it fell to $341,730. That’s down nearly $11,000 from a year earlier. The four-week median price took a serious dive to $317,000 finding itself down $17,500 from a week ago, and $28,000 lower than it was at the close of the same week last year.


Three sellers managed to wrap up a deal above their asking price netting an average bonus of $1,100. As expected, buyers won the week as 63 of this week’s 70 deals were reported to have sold below the seller’s list price netting an average discount of $13,465. Area three showed the largest average discount of $22,540 as two of the five sales went more than ten percent below the asking price.


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.
 

Note: We are in the process of bringing this blog home to the TeamFisher.com domain and we have a lot of stuff to move! Another 700 posts can be found at normfisher.com where they'll remain until we can get them moved here.

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