There were an impressive 94 sales (63 single family, 44 condominiums) in the Saskatoon real estate market last week. This is a minor improvement of only 4 sales from two weeks ago and ironically also 4 more than the same week period in 2011. Sales numbers remain very strong for this time of year and show no signs of slowing over the short term. The average sale price last week was $313,280 which is roughly $5000 lower than the average last week and $4752 higher than the average in 2011. The average sale price under asking last week was $9467 which is a little more skewed than the usual (around $7500) because a home in the $1.5 million range sold. All things considered, sales numbers are healthy at the present time.
Currently there are 1227 active listings in Saskatoon (753 single family, 394 condominiums) which is just shy of the 772 single family, 458 condominiums during the same week period last year. The major difference being the condo market. Last week there were 145 new listings (91 single family, 44 condominiums) posted to the local MLS, while in 2011 there were 169 posted during the 3rd week in September.
If you have any questions about the current market or If your thinking about buying or selling contact us at firstname.lastname@example.org