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.
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