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.

To continue reading this story by By Cassandra Kyle, The StarPhoenix click here.

Grant Ostapowich

Grant Ostapowich

CENTURY 21 Fusion
Contact Me