Two weeks ago we witnessed the first week in 2012 the Saskatoon real estate market didn’t outperform the same week period in 2011. However last week we noticed a positive bounce back in the market as 90 firm sales were reported to the local MLS which is up 32 units from the week previous and also 18 more sales during the same period in 2011. Due to activity in the upper echelon of the market the weekly average price jumped to just over $306,000 which is roughly $13,000 more than the previous week and really is a little lower than what we’ve seen over the last 6 weeks or so. However when comparing year over year, the average prices have come up roughly $11,000 since 2011 when looking at the 4 week average price.
Currently there are 1032 active listings in the Saskatoon market consisting of 586 single family and 357 condominiums, whereas in 2011 there were 567 single family and 414 condominiums. There were 126 new listings in Saskatoon last week which is lower than the same period in 2010 by a slim margin. Ultimately sales are a little more brisk in 2012 while listings have remained status quo.
Have a great week everyone! For any questions about the Saskatoon real estate market please contact us: firstname.lastname@example.org