A new listing at 301 Clarence Avenue North, Varsity View, Saskatoon, SK

Welcome to 301 Clarence Avenue North in the Varsity View area of Saskatoon.

Offered at $439,900 MLS®

View still photos of this homehere.

In 1926, just 20 years a city, Saskatoon was growing by leaps and bounds. Still, the population was just under 32,000 – around ten percent what it is today. The best land this area had to offer was still up for grabs and the family who chose this beautiful parcel selected wisely. It’s truly a location that is hard to beat and the Nutana/Varsity View areas have only gotten more beautiful with time. Who doesn’t love these amazing tree lined streets and character homes? Those who appreciate a walk or a bike ride along the river valley will find themselves there in just moments. You may even be tempted to do it daily. The excitement of Broadway Avenue and all that it has to offer are equally accessible. Downtown Saskatoon will be an easy walk for most, and so is the university campus (literally a few hundred metres away). Shops, restaurants, night spots, nature…all easily accessible within mere minutes. Perfect. The home appears to have “great bones” with a full height basement, open for development, and many upgrades in recent years including a fabulous kitchen, furnace, and windows that keep the warmth in and the traffic noise out. The home’s plumbing and electrical systems have also been extensively upgraded. It sits on a large lot (50 feet of frontage and nearly 130 feet of depth) making it an excellent site for potential redevelopment for a large two-unit dwelling, or a four-plex (buyer would need to successfully secure a re-zoning application for the latter).

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Canadian home sales fall sharply in January, 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of January 2018 late last week.

According to the report, “Home sales via Canadian MLS® Systems dropped sharply in January after having climbed to the highest monthly level on record in December. Although activity retreated to the lowest monthly level in three years, January sales were on par with the 10-year monthly average.”

Highlights of CREA’s report

  • National home sales declined by 14.5% from December 2017 to January 2018.
  • Actual (not seasonally adjusted) activity was down 2.4% year-over-year in January.
  • The number of newly listed homes plunged 21.6% from December 2017 to January 2018.
  • The MLS® Home Price Index (HPI) in January was up 7.7% year-over-year.
  • The national average sale price advanced by 2.3% year-over-year.

Read the entire report on Canadian MLS® sales for January of 2018.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher

Royal LePage Vidorra

Saskatoon real estate week in review: February 11-17, 2018

While the number of Saskatoon real estate sales grew from 51 last week to 55 this week, they fell lower on an annual basis. During the same period last year, 66 residential trades were reported to the multiple listing service®.

New listing activity dropped more sharply on both a weekly and an annual basis. Local REALTORS® submitted 113 Saskatoon homes to the MLS® over the past week, down from 131 the previous week, and well below the 156 that were added over the same period of 2017.

Active MLS® inventory once again failed to gain much traction over the past seven days as total listings in the residential category grew by just six to reach 1559, down from 1707 at the close of the same week last year. That’s a near nine percent annual decline. Total active residential listing numbers have only been lower at the close of one week (the first of 2017) in the past two years. If the current trend continues, the 2018 active listings line on our chart could easily find itself intersecting with the 2015 line soon. Still, it’s too early to develop a clear picture of where these numbers may go. Typically, new listings numbers just begin to gather some serious steam through the month of March. Today’s tallies show we have 828 single-family homes for sale in Saskatoon, down from 874 a year ago. Available condominium units are at 651, down from 682 at this time last year.

Strengthened activity for home sales below $250,000 brought both the weekly median sale price and the average sale price lower to $335,000 and $320,023 respectively. Consequently, the six-week average sale price of a Saskatoon home fell lower by nearly fourteen thousand dollars compared to last week and settled at $335,000. That’s its lowest point this year, and roughly 5K below where it was a year ago. Meanwhile, the four-week median sale price took some small gains rising to $335,700 to claim a year-over-year gain of a bit more than thirteen thousand dollars.

Once again, just one seller managed to close a deal for more money than they had asked, but they scored big with a bonus paid of $10,100, easily the highest overbid we’ve seen in months. Most buyers refused to pay the asking price this week as 49 trades were reported to have sold at an average discount of $15,949.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is available here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

Welcome to 111 Sherry Crescent, Parkridge, Saskatoon, SK

Welcome to 111 Sherry Crescent in the Parkridge area of Saskatoon.

Offered at $289,900 MLS®

Located on one of Parkridge’s most sought after crescents, this home is situated within a block of a great elementary school and just minutes from a multitude of shops and services. Circle Drive makes a trip to the north or south a breeze. This tidy two plus one bedroom four level split has received meticulous care over the years and shows very well, inside and out. Start with an exterior of vinyl siding, aluminum trim and brick accents for years of easy upkeep and terrific street appeal. The yard is well landscaped with generous lawn spaces and trees. The back yard is fully fenced and there’s plenty of off-street parking on the front concrete driveway. Inside, you’ll find a functional and open floor plan throughout this fully developed home. The kitchen features white European style cabinetry with a beautiful stone backsplash, and an upgraded stainless steel dishwasher. It also comes with a range and an over the range microwave oven. The third level family room provides a spacious and warm spot for entertaining guest or for family fun. Upgrades in recent years include lovely laminate floors on the main and upper levels, triple pane windows that keep the warmth in and the noise outside, a high-efficiency natural gas furnace for greater warmth and lower heating bills, central air conditioning for some relief from our hot Saskatchewan summers and a hot water tank. See it today as it may not be available tomorrow.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

Last year, TeamFisher.com hosted 334,888 user sessions. Those users viewed 1,594,672 listings while they were here providing our sellers with prime exposure. If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Saskatoon real estate week in review: February 4-10, 2018

Saskatoon real estate sales fell lower this week with a total of 51 firm residential sales being reported to the local MLS®, a weekly drop of five, and down just one when compared against the same week last year.

New listing activity also came down with 131 Saskatoon homes being added to the multiple listing service, down three from the previous week, for an annual decline of 26 units. This is the sixth consecutive week in which new listings fell short of meeting last year’s numbers.

With a decent year-over-year increase in the number of homes that have sold, and weaker new listing numbers, inventory growth has been slower than what we’ve seen in recent years. The database of active residential listings within the city of Saskatoon grew by 35 this week to reach 1553, which leaves us shy of numbers recorded at this time last year by 116 homes. The number of single-family homes that are currently on the MLS grew by 28 from last week’s close to reach 822, down nearly 40 units from levels recorded a year earlier. Condo inventory moved higher by 13 this week to settle at 648 for an annual drop of just eight. The balance of the losses to total inventory is in the smaller categories like lots, semi-detached homes, duplexes, mobiles, etc.

Fewer high end sales contributed to a decline in the weekly median sale price and the weekly average which slid to $325,000 and $345,300 respectively. The six-week average price still managed to make some gains as it grew about five hundred dollars from the previous week’s close to reach $347,808 and finishing ahead of last year by just under ten thousand dollars. Meanwhile, the four-week median price softened and lost about 6K on the week while still maintaining an annual increase similar in size to that seen in the six-week average price.

One lucky seller found themselves dealing with multiple offers that led to some overbid activity. They wrapped up a deal at $5,100 more than their asking price. Buyers largely won at the negotiating table at 46 of this week’s 51 sales were reported to have sold below the seller’s asking price netting a decent discount which averaged $14,418.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is available here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra