The Saskatoon Home Team

Where Integrity Meets Hard Work

Back to Blog

The gloomy weather in the Saskatoon area hasn’t slowed down the sales numbers in the local real estate market. Last week there were an impressive 126 sales recorded to the Saskatoon MLS with an average price of $381,488, while the average home sold in only 31 days. We’re starting to see the luxury market (over $400,000) finally increase in sales volume and homes are selling much quicker than they have been in months. In 2013 during the same week period there were 125 sales with an average price $360,928 ($20,560 lower than last week), while the average home sold in 37 days.

 

We have seen the largest difference in sales volume when comparing the past month to the same month period in 2013.

 

Year                       Sales/Week        Average Price                    DOM                     Avg Selling $ Under Asking

 

2014                       120                         $367,180                              34                           $8,963

 

2013                       89                           $349,662                              35                           $6,646

 

Year over year we’ve seen sales volume up over 30 sales per week while the average price of a home has gone up $17,518. Homes are starting to sell considerably lower under their asking price, however they are starting to sell slightly faster in 1 less day on market.

 

There are currently 1591 active listings in Saskatoon (953 single family, 513 condominiums), which is up from just 1305 last year during the same week period. There is much more competition on the market in 2013 especially in the new home market. Last week there were 188 listings posted to the market which is a considerable drop off from what we’ve seen of late.

 

For more information on the market, or if you’re thinking about buying/selling, contact us here!

Comments

No comments

Post Your Comment:

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.