Saskatoon Real Estate Market Review - June 21st

For the second time in 2011 a single week sales number has eclipsed the 100 mark as 101 firm sales were reported to the Saskatoon MLS®. A few weeks ago the sales numbers had reached the 120 mark which matched the pace in 2007 when the Saskatoon market was booming. Two weeks ago there were 91 sales and we saw a slight bump up in numbers from last week which shows some consistency in the market. Listing activity in Saskatoon was also quite impressive last week as 136 new properties were posted on to the local MLS®. In comparison to 2010, just 115 listings were posted on the market during the same week period, which also shows that as fast as houses are selling at the moment, the inventory is replenishing simultaneously. The number of listings in Saskatoon currently sits around the 1467 mark (984 single family and 483 condominiums) which seems quite high, however with the amount of sales occurring at this peak time of year, the market has some balance to it. During the same period last year there were just about the same amount of properties on the market, so the market seems to be quite stable as of late. The average selling price last week was just over $304,000 in Saskatoon which is quite a bit lower than usual which suggests some increased activity in the entry level market. The average selling price was just about $9800 less than list, which is quite average. For any more information on the Saskatoon real estate market please contact us at matthew.olsgard@century21.ca or tyler.frederick@century21.ca.

The Matthew Olsgard Team

The Matthew Olsgard Team

REALTORĀ®
CENTURY 21 Fusion
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