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Sales volume in the Saskatoon real estate market are well ahead of the pace set in 2013.
Here is what sales numbers looked like last week in Saskatoon. There were 81 sales in total, 50 single family homes and 30 condominiums.

 

Single Family Homes

 

Sales        Average Price        Days on Market     Average Selling  $ Under Asking

51              $378,832                           35                            -$9,000   

 

Condominiums

 

Sales        Average Price        Days on Market     Average Selling  $ Under Asking
30              $294,227                           40                             -$6,986

 

Here is how the past month (September 15th to October 12th) compares to the same month period in 2013. Sales volume in the single family and condo markets have gone up considerably. The average price of a home has increased, while the average price of a condo has decreased a little bit. The average days on market of a single family home have increased to due high amount of competition, while the condo market has less competition and has changed little since 2013.

 

Single Family Homes

 

Year            Sales        Average Price        Days on Market    
2014            264              $389,359                      51   
2013            242              $376,049                      37   

 

Condominiums

 

Year           Sales        Average Price        Days on Market    
2014            127               $278,650                     42
2013            110                $284,461                    44


There are currently 1213 single family homes and 533 condominiums  in Saskatoon listed on the local MLS. There were 175 new listings posted to the market last week, which is down from the 200+ we have seen over the past while. There are currently roughly 140 more single family homes on the market than last year, while condominium numbers are quite similar to 2013 figures.

 

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

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