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Saskatoon real estate week in review: September 4-10, 2016


Following the close of the first month that recorded year-over-year sales gains in 2016, Saskatoon real estate sales fell flat this week as local REALTORS® reported just 65 firm deals to the multiple listings service®, a drop of 17 compared to last week, but just enough to continue a trend of meeting or beating sales for the same week the year before, now six times in a row.


he number of new listings added to the MLS® system declined to 190 which is also down 17 from last week, and 31 fewer homes than were listed during the same period of 2015.


The total number of active residential listings on the multiple listing service made some gains as number grew from 1986 at last week’s close to 2004 today, down from 2056 a year ago. Today’s totals show 1102 single-family homes with an active status, well below the 1358 detached houses available last year at this time. Meanwhile, condo inventory inched higher to 734 to close with about 57 more units than were available on this date in 2015.


With far more sales above the average than below, the weekly median price grew again to $349,900 while the weekly average also pushed higher to $346,575. Stronger prices in the short-term couldn’t keep the six-week average from falling for the fourth consecutive week as it closed at $351,411 for a weekly decline of about six thousand dollars but still nearly 4K above where it was a year ago. Spurred by the lack of lower end sales, the four-week median managed to gain five thousand dollars from last week to finish at $340,000 about even with were it stood a year earlier.


After a three week overbid drought, seller found a bit more love at the bargaining table and five of them made off with an above list sale with a average bonus of $9,598 being paid. On the other said of the table, 58 buyers got away with a discount off of the list price that averaged $6,335. Another two deal closed at the full 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.
 

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