Most people analyze the number of listings on the market in certain areas, the average price, and the days on the market but often overlook the type of property. I thought it may be of interest to uncover what property type dominates in a particular area over a certain period of time.
Here is a brief overview of the activity in Area 1 of Saskatoon based on the top 5 property types. Area 1 includes such communities as Arbor Creek, Briarwood, East College Park, Forest Grove, Lakeridge, Lakeview,Lakewood, Rosewood, Sutherland, Silverspring,University Heights,West College Park, Willowgrove & Wildwood. The stats are obtained from Saskatoon Region Association of REALTORS®
Coincidentally, in 2012 and 2013 there were 103 units sold in Area 1.
In February of 2013, Two-Storey homes dominated the list with 53 units sold. The Bi-level took a close second with 42 units sold. The bungalow took third place with 29 units sold and apartments were close behind with 26 units sold. Townhouses ranked fifth with only 18 units sold.
This isn’t much different from 2012 where the Two Storey home also ranked first with 42 units sold. The Bi-level trailed very close behind with 41 units sold. The biggest difference year over year was the Townhouse which ranked third in 2012 with 38 units sold. Apartments were in fourth place with 33 units sold and the bungalow was fifth on the list with 32 units sold.
What is your type? Take this quiz to find out.