The Saskatoon market is remarkably active at the moment. Two weeks ago there were 91 firm sales in Saskatoon and last week there were 103 sales (75 single family, 21 condominiums). It should be noted that eclipsing the century mark during this time of year is very rare. These figures show just how active the market currently is. Over the past month there have been an average of 90 sales per week in Saskatoon, which is 10 more per week than the same period in 2012. The current 4 week average price is $346,401 which is roughly $6000 more than the 2012 average. The average house is selling in 40 days on the market and $7990 under asking price at the moment.
Currently there are 1306 active listings (811 single family, 407 condominiums) in Saskatoon. Listing inventory levels have been dropping of late which is a good thing for a healthy balance in the market. In 2012 during the same weekd period, there were only 1092 active listings. Last week there were 114 new listings (80 single family, 20 condominiums) posted to the Saskatoon MLS.
For more information on the current market or specific neighbourhood, contact us by email.