Average home price lower in 2009 than '08

More homes sold in the Saskatoon region in 2009, and at a lower average price, than in 2008, figures released Monday by the Saskatoon Region Association of Realtors (SRAR) show.

A total of 3,822 houses were purchased in the region last year, a nine per cent increase over 2008 when 3,520 houses found new owners. Homes in the Saskatoon area sold for an average price of $278,779 in 2009, a three per cent drop from a year earlier.

The majority of home sales last year took place in the $300,000 to $350,000 price range, SRAR's executive officer Harry Janzen wrote in the association's monthly report. Significant activity was also noted in the $275,000 to $300,000 price range.

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Grant Ostapowich

Grant Ostapowich

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CENTURY 21 Fusion
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