The real estate industry is preparing for a busy year. Reports released by the Saskatoon Region Association of REALTORS® indicates that Saskatoon’s residential real estate market is off to a hot start with 236 homes purchased in the city in February, a 12% increase from the same month in 2009. February’s home sales averaged $291,056, a 4% increase in price over last year when February’s average selling price was $280,784. In communities surrounding Saskatoon, home sales dropped slightly last month when 38 homes sold, compared to 44 sales in February 2009.
Statistics released by the Association of Regina REALTORS® indicated the average selling prices of homes in Regina and the nearby area was $263,753 in February. That was not only the record for February but also the record for any month in the history of the Multiple Listing Service System.
Are you looking to buy or sell a home? A professionally trained REALTOR® at CENTURY 21 Conexus Realty Ltd. can answer any questions you may have about the market in your particular area.