CONTACT

Saskatoon residential resale market maintains its momentum: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for February of 2011today, accompanied by this release.


The February resale market remained strong with Saskatoon REALTORS® assisting 282 home buyers with the purchase of their next home. This number was up twenty percent from February of 2010 when 235 homes were sold. The $250,000 to $275,000 price range was the most active, indicating greater activity in the entry level and mid price range of homes. The average number of days to sell in the month of February was 41.



Home buyers had 1,046 homes to select from at the end of February, up from February 2010 when 866 homes were on the market. REALTORS® listed 545 homes in February, up seventeen percent from February of 2010 when 465 properties were listed for sale. Home buyers are enjoying improved inventory levels as 1,076 properties have been listed for sale to date this year, up twenty-five percent from 2010.



Home buyers had 1,046 homes to select from at the end of February, up from February 2010 when 866 homes were on the market. REALTORS® listed 545 homes in February, up seventeen percent from February of 2010 when 465 properties were listed for sale. Home buyers are enjoying improved inventory levels as 1,076 properties have been listed for sale to date this year, up twenty-five percent from 2010.



In areas surrounding Saskatoon, sales activity continued to improve with 63 homes selling, up sixty-six percent from February of 2010 when just 38 homes were sold. REALTORS® listed 177 properties in these areas in the month of February. That number is up two percent from February of 2010 when 173 properties were placed on the market. The average number of days to sell in areas around Saskatoon during the month of February was 58.


Optimism in the Saskatoon economy remains high. Evidence of this is seen on numerous fronts. Renters want to purchase, many current home owners are looking to move up and REALTORS® report significant interest from clients wanting to move here from out of province.


An important factor of a strong housing market is the activity experienced in new home sales. Saskatoon’s new home market remains strong with steady city lot sales taking place. Interest rates are favorable to purchase that next home and job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for resale prices to move up slightly due to demand.


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.

The Saskatoon Region Association of REALTORS® (SRAR) IDX Reciprocity listings are displayed in accordance with SRAR's MLS® Data Access Agreement and are copyright of the Saskatoon Region Association of REALTORS®.
The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
Trademarks are owned and controlled by the Canadian Real Estate Association (CREA). Used under license.
MLS® System data of the Saskatoon Region Association of REALTORS® displayed on this site is refreshed every 2 hours.
Google Analytics Alternative