Sales volume in the Saskatoon real estate market continued on a respectable pace last week as there were a total of 91 firm sales reported to the Saskatoon MLS. The average price of a home last week was $355,851, while the average house sold in 35 days on market.
Over the past month the Saskatoon real estate market recorded an average of 98 sales per week at an average price of $357,391, while the average listing days on market is 37. In 2013 there were a total of 94 sales per week at an average price of $342,622, while the average home sold in 33 days on market. In 2014 we have seen sales volume and average prices up, however we’ve seen the average listing period (days on market) increase by 4 days. Increased competition with the high number of listings has created more of a gap between list price and selling price in 2014. The average selling price under asking is $7,573 in 2014, while last year it was just $6,705.
Over the past month the following neighbourhoods have been most active in terms of sales volume:
Willowgrove (24 sales), Wildwood (22 sales), Hampton Village (19 sales), Evergreen (17 sales), Stonebridge (15 sales).
Warman (35 sales), Martensville (22 sales)
There are currently 1603 active listings (1000 single family homes, 472 condominiums) on the Saskatoon MLS. There are currently 197 more single family and 26 more condominium listings on the market in 2014 as compared to the previous year. Last week there were 168 new listings posted to the Saskatoon MLS.
For more information on current Saskatoon real estate trends or if you’re buying or selling, contact us here.