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Second quarter Saskatoon home sale numbers up from 2010: SRAR

The Saskatoon Region Association of REALTORS® (SRAR) released the residential real estate statistics for June, 2011 today, accompanied by this release. REALTORS® were kept very busy in June selling 422 Saskatoon homes. That number was up 16% from June of 2010 when 364 properties were sold. The greatest sales activity remained in the $300,000 to $350,000 price range. The average number of days to sell in the month of June was 36 pointing to an active steady market environment.

The average residential selling price in June was $310,643. This number was up 5% from June of 2010 when it was $295,963. The increase in the average selling price indicates strong sales activity in the mid to upper price range. Year-to-date, the average selling price date stands at $305,829 or 5% higher from last year at this time when it was $290,588.

Inventory levels continued to correct in the month of June. Home buyers had 1430 homes to select from at the end of the month, up slightly from June of 2010 when 1412 homes were on the market. REALTORS® listed 770 homes in June. That number was up 14% from June of 2010 when 677 properties were listed for sale. Year to date, 3,934 properties have been listed, up 2% from this time last year when 3,839 had been placed on the market for sale. Inventory levels remain steady providing home buyers with a reasonable number of homes to choose from.

In areas surrounding Saskatoon, home sale activity remained strong with 118 sales compared to 100 in the same month last year. REALTORS® listed 251 properties in these areas in the month of June. That number is up 2% from June of 2010 when 247 properties were listed. The average number of days to sell in the areas around Saskatoon during the month of June was 55. Saskatoon’s economy remains strong. Consumer optimism in the economy is shown by their willingness to invest both in residential and commercial real estate. Many renters are looking to purchase, many current home owners are looking to move up in house and many REALTORS® are working with clients wanting to move to Saskatoon 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.
 

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