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Sales have started to incrementally cool over the past few weeks in the Saskatoon real estate market as last week 88 firm deals were reported to the local MLS. Due to high listing inventory of late, properties are beginning to linger on the market longer than usual as the average days on market last week closed at 55, while the average price remained stable at $362,700.

 

Over the past month in Saskatoon we have seen an average of 96 sales per week, so last week was considerably off pace (8 less than the 4 week average). The average price in Saskatoon over the past month is $364,406 which is really close to the weekly average, while the average listing has sold in 41 days on market (14 less than last week’s average). The average selling price under asking in Saskatoon at the moment is $7,064. In 2013 during the same month period there were a total of 92 sales per week (4 less than 2014), at an average price of $337,721 ($26,685 lower than 2014), while the average listing sold much quicker (8 days quicker than 2014) at 33 days on market.

Here is a breakdown of sales volume in different price categories in Saskatoon. Currently the $200,000 to $400,000 range is the most active in Saskatoon. It should be noted that new home sales remain quite cool as they comprise of only 13% of the current market.

 

Price                                      # Of Sales

$0 - $200,000                      39

$200,000 - $300,000         102

$300,000 - $400,000         121

$400,000 - $500,000         78

$500,000 - $600,000         32

$600,000+                            22

 

There are currently 1566 active listings (988 single family, 447 condominiums) in Saskatoon at the moment. In 2013 during the same time period there were 1393 active listings (851 single family, 445 condominiums). The total number of listings fell considerably since last week as inventory was over 1600 in Saskatoon at that time. During the past week there were 174 new listings posted to the Saskatoon MLS.

 

If you have any questions about the market, market trends, or if you’re buying/selling, contact us here.

Sales have started to incrementally cool over the past few weeks in the Saskatoon real estate market as last week 88 firm deals were reported to the local MLS. Due to high listing inventory of late, properties are beginning to linger on the market longer than usual as the average days on market last week closed at 55, while the average price remained stable at $362,700.

Over the past month in Saskatoon we have seen an average of 96 sales per week, so last week was considerably off pace (8 less than the 4 week average). The average price in Saskatoon over the past month is $364,406 which is really close to the weekly average, while the average listing has sold in 41 days on market (14 less than last week’s average). The average selling price under asking in Saskatoon at the moment is $7,064. In 2013 during the same month period there were a total of 92 sales per week (4 less than 2014), at an average price of $337,721 ($26,685 lower than 2014), while the average listing sold much quicker (8 days quicker than 2014) at 33 days on market.

Here is a breakdown of sales volume in different price categories in Saskatoon. Currently the $200,000 to $400,000 range is the most active in Saskatoon. It should be noted that new home sales remain quite cool as they comprise of only 13% of the current market.

Price                                      # Of Sales

$0 - $200,000                      39

$200,000 - $300,000         102

$300,000 - $400,000         121

$400,000 - $500,000         78

$500,000 - $600,000         32

$600,000+                            22

There are currently 1566 active listings (988 single family, 447 condominiums) in Saskatoon at the moment. In 2013 during the same time period there were 1393 active listings (851 single family, 445 condominiums). The total number of listings fell considerably since last week as inventory was over 1600 in Saskatoon at that time. During the past week there were 174 new listings posted to the Saskatoon MLS.

If you have any questions about the market, market trends, or if you’re buying/selling, contact us here.

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