Saskatoon Real Estate Market Review Jan 3rd

The Saskatoon real estate market didn’t necessarily close out with a bang, however given the time of year things went reasonably well last week. Of course the Christmas season will dampen the real estate market as folks are concerned with other things such as family, shopping and travel. In total 30 firm sales were reported to the Saskatoon MLS. Sales were on par with last year and just 7 less than the week previous to close out the year. In terms of new listings, 25 were posted on the local MLS which is more than expected for this time of year. In comparison to the previous week, there were 30 listings posted. It appears that some early birds are attempting to get a head start before others begin to list their homes for the spring rush. The total listing number in Saskatoon once dipped below the 800 mark which is quite the decline and the reason for this is a high number of expired listings at the end of the calendar year. There are currently 788 listings (439 single family, and 298 condominiums) listings in the Saskatoon area as of December 3rd. With a very unpredictable 2010, seeing listing numbers escalate well above the 1400 mark (abnormally high) and close below the 800 mark (abnormally low) it is nearly impossible to predict how 2011 will play out. Last week, the average price closed out at $282,254 which is quite low and is roughly $35,000 less than the week previous. If you have any questions about these numbers, or if you need real estate advice feel free to contact us. Matthew @ 381-3982 or Tyler @ 260-5129.  

The Matthew Olsgard Team

The Matthew Olsgard Team

CENTURY 21 Fusion
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