It was a bitterly cold February! Thankfully when the thermometer plummeted, the Saskatoon real estate market did not follow suit! In fact, quite the opposite, as sales were up over last year with 301 units sold in February 2014 versus only 277 in February of 2013.
The trend of an increase in listings which we saw in January has continued on into February as well. February 2014 had 1270 listings of which 580 were new. This is up over the 1079 listings in February 2013.
The majority of the listings year to date are in Area 1 (which includes Willowgrove, Arbor Creek, Erindale, Briarwood, and new areas like Evergreen and Rosewood) with 647 listings. Area 1 is followed by Area 2 (which includes Nutana, Varsity View, Buena Vista, Stonebridge - just to name a few ) with 295 listings. Much of the action in Area 1 can be attributed to the new construction happening in Evergreen and Rosewood. Naturally Area 1 has also had the greatest amount of sales year to date with 243 units sold.
Please visit my website www.laurabalyski.com or feel free to call me at (306)280-3330 if you would like my professional assistance with your next real estate transaction.