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!

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!

Sales have been very brisk of late in the Saskatoon real estate market of late as 65 single family homes and 28 condos were reported sold last week.

Over the past 4 weeks there has been an average of 130 sales per week which is a very active market as there were only 98 sales per week during the same period in 2013.

During the past month the average price of a single family home is $388,083, while the average home sells in 51 days on market and an average of $8,834 under asking price. The most notable change between 2014 and 2013 is sales volume of single family homes where 136 more homes sold during the same month period this year.  The average price of a single family home is roughly $10,000 higher in 2014 than last year.

There have been 129 condos reported as sold over the past month at an average price of $272,656, 45 days on market and an average of $4,906 sale price under asking. A grand total of 22 more condos have sold in 2014 than last year. The average price of a condo dropped during the past year by roughly $13,000 as more entry level condos have been in demand.

There are currently 1145 single family homes and 539 condos on the market. Last week the market was quickly replenished as 162 single family homes and 60 condominiums were listed.  There are currently 165 more listings on the market this year than last.

For any questions on market trends, or if you’re thinking of buying/selling, contact us here!

Last week in the Saskatoon real estate market we witnessed a flurry of activity in terms of sales volume and listing inventory increases. As last week came to a close, the Saskatoon MLS reported 103 firm sales with an average price of $344,055. Last year during the same week period there were 90 sales while the average price was roughly $10,000 higher.

Over the past month we have seen an average of 93 sales per week which is actually rather impressive for this time of year. Monthly sales volume (mid August – mid September) are up roughly 9% higher than 2013 when just 85 sales per week occurred in Saskatoon. Prices during this past month are up 3% (just over $10,000) from 2013 when comparing the average prices which is a healthy increase. Over the past month the average price was $348,675, while the average days on market shrunk to just 41 and the average selling price under asking was $7,878.

Just when agents predicted listing inventory to begin its seasonal decline, last week a whopping 240 new listings (151 single family, 75 condominiums) were posted to the Saskatoon real estate market. This bolstered the listing count to 1605 (996 single family, 480 condominiums). Last year there were only 815 single family homes and 415 condominiums on the market during this same week period.
 

For more information on market trends, specific area information, or if you're buying/selling contact us here.

Sales in the Saskatoon real estate market are beginning to slow a little as summer is coming to a close and the cool fall air is arriving. Last week the Saskatoon MLS recorded just 70 firm listings sold at an average price of $360,649. Ironically during the first week in September 2013 there were also 70 sales, however the average price was much lower at $315,764.

Over the past month there has been an average of 89 sales per week. This figure dropped considerably due to last week’s less than impressive sales numbers. The average prices remain stable at $353,696, while the average home sells in 45 days on market and an average of $8451 under asking price.  

In 2013 during the same month period there were an average of 88 sales per week at an average price of $337,488, 40 days on market and an average selling price $6302 under asking.

Throughout 2014 we have seen sales volume up from the past few year. However as of the past few weeks we’ve seen a considerable slow down which has brought figures back down to 2013 levels. The increase in competition has also brought the days on market average up year over year, while sellers are forced to accept more of a price cut to close a sale.  

Real estate trends according to the September 4^th Star Phoenix Article:

Click here to view the Star Phoenix article.

-          At the moment he west side is enjoying more of a sellers’ market, while the north and south end is flooded with competition.

-          In 2014 strong sales, up eight per cent for the same period, helped keep the sales-to listing ratio at about 50% remaining in a balanced market.

-          The activity in homes priced between $500,000 and $750,000 continues to do well with 332 unit sales, an increase of 35% over last year.

-          The price range with the most unit sales year to date is between $350,000 and $400,000 with 551 units, a 16% increase from 2013.

-          Expect a 3% increase in the price of a home over the next year.

Listing inventory levels have increased 16% from the same period in 2013 and nearly 11% higher than the five year average. There are currently 1587 active listings in Saskatoon (979 single family, 436 condominiums), while there were 177 new listings posted to the Saskatoon MLS last week (126 single family, 42 condominiums).

If you have any questions regarding the Saskatoon real estate market or if you’re thinking of buyng/selling contact us here.

The Saskatoon real estate market remains very active in terms of sales volume as 102 firm sales were recorded by the local MLS last week. Of those sales, the average price was $355,369 while the average days on market was 42. The total from last week eclipses last year’s weekly total for the same week period by 13.

During the month of August 2014, there were 400 total sales (100/week), while the average days on market was 44, and the average selling price under asking was $8,128. Only 12% of total sales comprised of new homes. Average prices increased just over 1% since 2013, which is a modest uptick when comparing over the past few years.

In August 2013, 377 sales (94/week) occurred during the month period. The average price last year was $343,189, the average days on market was 39 and the average selling price under asking was just $6,288. In August of 2013 the number of listings/competition was much lower which reflects in a lower days on market and also a closing price a lot closer to list price.

There are currently 1528 active listings in Saskatoon (964 single family, 433 condominiums). This number has dipped over the past few weeks as we’ve seen inventory come down from over 1600 a few weeks ago. Last year there were 835 single family homes and 415 condominiums on the market. Expect listing numbers to fall over the coming weeks.

If you would like more information on Saskatoon real estate trends or if you have questions about buying/selling a home, 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.

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 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.

Sales in the Saskatoon real estate market had slowed slightly in July after witnessing the strongest spring in recent memory. After the lull in the July market, sales bounced back recently as 120 firm sales were reported in the Saskatoon real estate market last week. Competition and inventory levels remains quite high on the selling end as listing numbers are also higher than usual. However homes are starting to sell quickly as the average days on market last week was only 31, while the average price was $368,847. In 2013 during the same week period, there were 94 firm sales at an average price of $331,822, while the average house sold in 39 days on market.

During the month of July there were 422 firm sales (105 sales per week), while the average price of a home was $364,033 and the average home sold in 37 days on market. In 2013 there were 462 firm sales in the Saskatoon real estate market (116 per week), the average price of a home was $342,543 (nearly 6% lower than the average price in 2014 for the same month), while the average home sold in just 35 days on market. Ultimately the numbers are telling of a July in 2014 that fell off its record breaking production pace set in the spring. However after looking at the last few weeks figures, it seems as though things are ramping up again prior to the fall. Over the past month, only 12% of all sales were new homes while new homes currently comprise of over 28% of the current inventory. We are starting to see the average prices going up as move up families are buying larger houses during the summer prior to the school year.

Currently there are 1549 listings in Saskatoon (954 single family homes, 467 condominiums) which is roughly 240 more listings than were on the market during the same period in 2013. Last year there were 765 single family homes and 440 condominiums on the Saskatoon MLS. Listing inventory continues to climb as there were 207 new listings posted to the Saskatoon MLS last week. Look for inventory numbers to decrease over the coming weeks.

If you have any questions regarding market trends, or if you're buying/selling contact us here.

After witnessing sizeable sales declines over the past few weeks in the Saskatoon real estate market, sales figures bounced back last week. In total there were 95 firm sales in Saskatoon at an average price of $333,956.

Over the past month we have seen an average of 102 sales per week at an average price of $354,326. The average selling price is $8230 under asking, while the average home sells in 37 days on market. Things have cooled off a little bit in the Saskatoon real estate market since June when there were 120 sales/week. Click here to view the June blog.

In 2013 during the same month period there was an average of 105 sales per week, which is slightly higher than 2014 figures. The average selling price last year was $357,153 which is also slightly higher than 2014 numbers. The average price of a home in Saskatoon has not gone down over the past year. We’ve simply seen a shift in what buyers are looking for which has skewed stats. If you have followed the blog recently, we have documented numerous times that prices have been affected because of the high amount of sales in the entry level market. Also new home sales seem to be lagging.

There are currently 1544 active listings in Saskatoon (957 single family homes, 461 condominiums). In 2013 there were roughly 230 less listings during the same time period. We should see sales numbers begin to decline in the near future as new listing inventory is starting to cool off. Last week there 190 new listings were posted to the market, while the same week period in 2013 saw just 169 new listings.

For more information on the Saskatoon real estate market or if you’re thinking about buying/selling, contact us here.

The gloomy weather in the Saskatoon area hasn’t slowed down the sales numbers in the local real estate market. Last week there were an impressive 126 sales recorded to the Saskatoon MLS with an average price of $381,488, while the average home sold in only 31 days. We’re starting to see the luxury market (over $400,000) finally increase in sales volume and homes are selling much quicker than they have been in months. In 2013 during the same week period there were 125 sales with an average price $360,928 ($20,560 lower than last week), while the average home sold in 37 days.

We have seen the largest difference in sales volume when comparing the past month to the same month period in 2013.

Year                       Sales/Week        Average Price                    DOM                     Avg Selling $ Under Asking

2014                       120                         $367,180                              34                           $8,963

2013                       89                           $349,662                              35                           $6,646

Year over year we’ve seen sales volume up over 30 sales per week while the average price of a home has gone up $17,518. Homes are starting to sell considerably lower under their asking price, however they are starting to sell slightly faster in 1 less day on market.

There are currently 1591 active listings in Saskatoon (953 single family, 513 condominiums), which is up from just 1305 last year during the same week period. There is much more competition on the market in 2013 especially in the new home market. Last week there were 188 listings posted to the market which is a considerable drop off from what we’ve seen of late.

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

Sales have continued to roll at a very high pace in the Saskatoon real estate market of late. Coming off the heels of a week where we saw a record 125 listings sold, last week there were a very respectable 113 firm sales reported to the MLS. Of those sales last week, the average price was $359,204, while the average home sold in 34 days on market.
It should be noted that 17% of the total sales were new homes, while new homes make up 30% of the total inventory. A new home sells in an average of 63 days, while a resale home sells in 28 days on the current market. Pricing is extremely critical in the new home market as it has become competitive.

Over the past month the Saskatoon real estate market has been averaging 115 sales per week. The numbers in 2014 are more than any year during the same month period since the real estate boom in 2007 when we averaged 119 per week. Over the past month the average price is very similar to last week’s average at $359,807, 35 days on market, while the average selling price is $8,490 under asking price. In 2013 during the same month period the Saskatoon real estate market averaged 15 less sales per week, the average sale price was $13,592 less, while the average house sold in only 31 days on market.

A major difference between 2014 and 2013 has been the amount of listing inventory on the market. At the moment there is currently 1609 active listings in Saskatoon (983 single family, 496 condominiums). In 2013 there were more than 200 less listings during the same week period.

Ultimately sales volume, average prices and inventory are better than in 2013. The Saskatoon real estate market has made solid incremental gains since 2008 and continues to show a lot of promise. Now is a great time to buy as rates are extremely attractive and inventory levels are very good. If you have any questions about the Saskatoon market trends or if you’re thinking about buying/selling let us know here!