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SRAR says Saskatoon housing market red hot in January 2008

This release came out today from Saskatoon Region Association of Realtors, Executive Officer, Harry Janzen.


2008 Housing Market Off to a Red Hot Start


No slow down in sight for Saskatoon’s real estate market. REALTORS® took a short break at Christmas time and are in full swing for 2008. Residential unit sales increased 37% from last January with 300 homes being purchased.


$77,833,000.00 dollars of residential real estate was purchased in the month of January that number up 87% from January 2007 when only $41,618,000.00 of real estate exchanged hands. REALTORS® listed 360 homes in the month of January that number up 26% from January 2007 when 285 homes were listed for sale. Improved inventory levels are very welcome as we move into a strong spring market.


Consumers had 324 residential properties to choose from at the end of January that number up 19% from January 2007 when only 272 homes were available for sale.


The six month rolling average sale price was $252,810.00. The average residential selling price was an all time high at $259,444.00 up 37% from January 2007 when the average selling price was $190,037.00. The average selling price is derived by dividing the month’s unit sales number into the dollar volume of real estate sold for the month. The percentage difference should not be used unilaterally as prices do vary from area to area. Consumers wishing an accurate estimate of value for their home should contact a REALTOR® member.


The surrounding communities around Saskatoon are experiencing great market activity as well. Unit sales are on par for the month of January but the average selling price rose 61% to $222,882.00. Rural inventory was up 28% with 262 properties being available for sale as compared to 205 being for sale last January.


All indicators point to a very active spring market. The association’s forecast is for selling prices to increase at a moderate level in the first and second quarters of the year.


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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