Saskatoon Real Estate Market Review Feb 22nd

Two weeks ago we saw the highest number of sales in the Saskatoon real estate market since last July. Last week we saw these numbers dip slightly (11 from 2 weeks ago) to 72 unit sales which is still well ahead of last year’s mark of 51 for the same period. This is encouraging news for the Saskatoon market and it is likely that the impending mortgage changes at the end of March are helping the market for the short term. Last week new listings increased with the number of sales and are currently ahead of last year’s activity for the same period as 129 listings were posted on the Saskatoon MLS. This is up just one listing from 2 weeks ago and 32 more than 2010. The week ended with 1041 listings (567 single family and 414 condominiums) which is up from 449 single family and 309 condominiums last year. The average sale price in Saskatoon was just over $308,000 which is still quite high, however is surprisingly slightly less than last year’s average number which was around $304,000. For any market advice or if you’re thinking about buying or selling please contact Matthew @ 381-3982 or Tyler @ 260-5129.

The Matthew Olsgard Team

The Matthew Olsgard Team

REALTORĀ®
CENTURY 21 Fusion
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