The Saskatoon Real Estate market continued to be strong during March 2012. Sales, listings and average selling prices for Saskatoon MLS® (Multiple Listing Service) properties have all increased over the March 2011 numbers.
In March 2011 the average selling price for MLS® Saskatoon Homes was $286,475 this has increased by 9.6% to $314,063.
During March 2012 there were 494 properties listed on MLS® for sale in Saskatoon. This is a 7.7% increase over March 2011 when there were 456 new property listings. Properties listed for sale during the first three months of this year have increased by 15.9% when compared to the first three months of 2011. So far this year 1,239 properties have been listed on MLS® Saskatoon compared to just 1,069 properties listed for sale in Saskatoon on MLS® in the first 3 months of 2011.
Home sales in Saskatoon have also increased over 2011 numbers.Sales during March 2012 were up 6.1% compared to March 2011 with 476 properties sold in March 2012 and 447 sold during March 2011. Sales for the year to date (Jan 1 ,2012 - March 31, 2012 ) are up by 13.4% when compared to sales during the first three months of 2011. So far this year 1,187 properties have sold through MLS® Saskatoon, while only 1,047 were sold during the first three months of 2011.
Overall, Real Estate Sales on MLS® Saskatoon are strong and there are still enough properties being listed on MLS® to meet Saskatoon Home Buyers needs.
It is important to remember that this information does not include For Sale by Owner or Saskhouses statistics as these numbers are not available to the public. Saskatoon home buyers or home sellers should always remember that these numbers only apply to properties listed for sale on MLS® Saskatoon.
While prices have increased, affordability is not an issue. Wage increases and historically low mortgage interest rates have allowed buyers to continue purchasing homes. It's still a good time to buy a first home in Saskatoon, to upgrade homes or to downsize. There are buyers ready and able to purchase the home you leave behind and a ready supply of new homes and resale homes in Saskatoon for you to buy.
Visit my home page to search Houses For Sale in Saskatoon on MLS® : //www.century21.ca/chris.cebryk
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