The Saskatoon Home Team

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Sales volume in the Saskatoon real estate market remains ahead of volume set a year ago by a substantial margin. Here is what sales numbers looked like last week in Saskatoon. There were 81 sales in total, 60 single family homes and 21 condominiums. Last week the average price of a home and condominium in Saskatoon were roughly on par with the figures from 2013.

 

Single Family Homes

 

Sales        Average Price        Days on Market     Average Selling  $ Under Asking

 

60              $376,215                           38                            -$9,293  

 

Condominiums

 

Sales        Average Price        Days on Market     Average Selling  $ Under Asking

 

21             $270,982                            69                            -$5,396

 

Single Family Homes – 4 Week Average

 

Year            Sales        Average Price        Days on Market    

 

2014            250              $382,283                      52   
2013            230              $379,773                      37  

 

Condominiums – 4 Week Average

 

Year           Sales        Average Price        Days on Market    

 

2014            105             $276,910                     47
2013            84               $275,790                     44

There are currently 1097 single family homes and 479 condominiums  in Saskatoon listed on the local MLS. There were 152 new listings posted to the market last week, which is down from the 200+ we have seen over the past while. Listing figures are likely the highest they’ve ever been this late in October ever in the Saskatoon market. This explains the extended days on market and the fact listings are selling for less than usual under asking price. 

 

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

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