Last week in the Saskatoon real estate market sales continued at an extremely high pace as there were 105 firm deals reported to the local MLS. Of those 105 sales, the average price bumped up from previous weeks to $359,503 as 29% of all sales occurred $400k or higher. The resale market remains to be the most dominant market in Saskatoon as only 19% of all sales last week were new homes.
Over the past 4 weeks, there have been a very impressive 108 sales per week average with an average price of $350,284, 37 days on market and an average of $7,410 selling price under asking. In 2013 during the same 4 week period there were 7 less sales per week with an average price $5,593 lower. However last year due to lower inventory and less competition, the average home sold 6 days faster.
Currently there are 1478 total listings in Saskatoon (899 single family, 467 condominiums) and these figures are expected to climb as this is the most active listing time of year. In 2013 there were 185 less single family homes and 86 less condominiums on the market during this same week period. Last week there were 222 new listings posted to the Saskatoon MLS (141 single family, 61 condominiums).
Sales volume, prices and listing inventory are all higher than they were in 2013. For a free home appraisal, or if you’re buying/selling contact us here!