There were an impressive 78 sales in the Saskatoon real estate market last week with an average price of $351,205. Last week’s numbers were slightly ahead of the averages over the past month. During the month of February there were an average of 75 sales per week at an average price of $349,092, 42 days on market, and the average home sold for $8077 under asking price. These numbers are substantially higher than the figures in February of 2013 when there were only 7 less sales per week at an average price of $18,617 lower and 43 days on market. The Saskatoon real estate market has continually out-paced the 2013 market this year which is a promising figure.
There are currently a healthy amount of listings on the market in Saskatoon at the moment as there are 1195 MLS listings in Saskatoon (687 single family, 409 condominiums). At this time last year there were only 599 single family and 297 condominiums on the market. Last week there were 147 new listings posted to the local MLS (98 single family, 40 condominiums). Look for the overall listings to increase over the coming weeks as activity will ramp up even more.
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