Saskatoon Real Estate Market Review: Aug 16-20

Real estate sales in Saskatoon took a modest jump in the saskatoon market last week as 68 units were moved last week. While 114 new listings were posted on the Saskatoon MLS system which is a drastic jump from last week. After such activity there are 1387 properties on the market in Saskatoon. To put things in perspective there were only 1165 properties on the market last year suggesting that there may be improving selling conditions in Saskatoon. Due to the increased sales in the condo market and unusual conditions in the local real estate market, prices are unpredictable as the average price for the week was $326,594. This number is significantly higher than last week as prices are up significantly from last year (as the recent 4 week median is $4000 higher than last year). Sale prices averaged $9902 under list price last week. Based on July figures, sellers could expect to receive 97.2 percent of their current list price, with a Median Sales Price of $272,500 (a 2.1 percent increase) and market times of 41 days (a 15.8 percent decrease) and overall SRAR statistics suggest a balanced market.



The Matthew Olsgard Team

The Matthew Olsgard Team

CENTURY 21 Fusion
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