After witnessing 2 consecutive weeks in Saskatoon real estate market where sales figures eclipsed the 100 mark, last week there were 95 firm sales. Last week there were 74 single family homes which sold at an average of $392,566 and 21 condos which sold at an average price of $256,866.
Over the past 4 weeks there have been 276 single family homes sold in Saskatoon at an average price of $384,565, 40 days on market and $8,025 under asking price. In 2014 during the same period there were 16 more sales, however the average price of a home was $7,065 lower and homes sold in 7 less days on market. Essentially prices are up, sales are down slightly and it’s taking longer to sell a single family home as compared to last year.
In the condominium market in Saskatoon there were 107 sales at an average price of $279,844, 59 days on market and $4,902 under asking price. In 2014 there were 38 more condo sales while the price of a condo jumped just $940 and the average days on market was 12 days less. The average selling price under asking is almost identical to this year at $5,180.
There are currently 1229 single family homes and 711 condominiums on the market showing active which is a 34% increase in inventory from 2014.
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