Can you throw in a free car with that house?

Can you throw in a free car with that house?The Edmonton real estate market may be starting to show some positive signs with active residential listings dropping around 10% in recent months, but this ad makes it obvious that some seller’s are motivated and ready to do what needs to be done to attract a buyer.


Edmonton builder, Coventry Homes is lobbing out an offer which I’ve never seen before – “…buy one of Coventry’s feature semi-detached or single-family show homes and you’ll get a 2008 City Golf at no additional cost.”


Is now a good time to buy an Edmonton home? Ask Sheldon or Sara. They seem to really know their market.

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.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Saskatoon real estate: Week in review (November 19-23 2007)

The Saskatoon real estate market continued along at a fairly typical fall pace this week. Sales of houses and condominiums showed a marginal increase over last week but new listings also posted some gains. Overall, the active residential listing inventory fell by 12 units to 613 properties, the lowest number we’ve seen since it peaked at 689 homes the week of October 22-26.


Average selling prices were lower in all areas, except area 5 which experienced a new high of $245,677. Across all five areas, the average selling price remained just slightly above the quarter million dollar mark.


While the percentage of homes which sold above list price was not particularly significant, the average overbid ($17,249) was the highest we’ve seen since the week of October 1-5, and was driven up by just a couple of sales. A Haultain area bungalow sold more than $40,000 above asking price, and a Hampton Village bi-level was reported sold at $54,100 above list.


Saskatoon home buyers were able to negotiate some dollars off of the asking price on 58 of 73 sales, but the average underbid ($7,947) fell after three consecutive weeks above the $10,000 mark.


Saskatoon real estate: Week in review (November 19-23)

Here’s a bit of an update of some specific sales in various areas of the city.


  • An Arbor Creek bungalow of just less than 1,100 square feet with a double attached garage goes for $345,000.
  • Erindale two-storey which is close to 2,200 square feet with a double attached garage sells for $395,000
  • East College Park bungalow at 1,250 feet with a double detached garage for $290,000.
  • A Wildwood condo of 800 square feet sells for $165,000.
  • A Stonebridge two-storey, just less than 2,200 square feet with a double attached garage sells for $575,000.
  • Area 2 bungalows in the 900-1100 square foot range sell between $260,000 and $310,000.
  • 1,300 square foot Lawson Heights bi-level with a double attached garage goes for $342,000.
  • 1,027 square foot Meadow Green bungalow in a decent spot, no garage brings $220,000.
  • Finally, one of those Meadow Green condos finds a buyer with a 660 square foot unit going for $114,900.
    Parkridge bungalow at 912 square feet with a double detached garage fetched $257,500.
  • A near new Confederation Park bungalow, just less than 1,200 square feet with no garage brings $245,000.

See a Google map displaying the boundaries of Saskatoon real estate “areas” here
Data collection and calculation for our statistical reports

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.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

Jack Grover goes back to prison

Surely, there is a God!

The Supreme Court of Canada today reinstated Jack Grover’s obstruction of justice conviction, ruling that the Saskatchewan Court of Appeals was wrong to overturn the guilty verdict. Grover was charged following a deadly fire in one of his properties which left two children dead and an adult man suffering permanent brain damage. In June of 2006, Grover was found guilty of falsifying smoke detector maintenance records. On August 31 he was sentenced to serve one year in prison for his actions but he was released the following December when the conviction was set aside by the provincial appeals court.

Grover has a lengthy history of problems related to his real estate holdings which include single family homes and apartment buildings in Saskatoon.  In one five year period over 30 fires were reported at his properties.  He’s been convicted of making a false or misleading statement, obstruction of justice, as well as other infractions under the Fire Prevention Act and Saskatoon’s fire bylaws. This is the first conviction which came with a prison sentence. Sadly, it’s far too short.

Saskatoon real estate: Week in review (November 12-16 2007)

Yet another week of Saskatoon real estate activity is behind us, and while the numbers look more or less similar to those that we’ve seen in recent weeks, there is at least one notable change which is worth pointing out. The “average overbid” column has finally lost almost all of its relevance. While there were still eight Saskatoon houses or condos which were reported as having sold above the asking price, the average amount at which they sold over list dropped to its lowest level this year at just $1,213. The total amount that these eight properties were over was only $9,700. Compare that to the first week in August when buyers paid a total of $1,244,138 more than asking price, or even to the week of October 15-19, which recorded the previous low number at $57,200. Things are definitely different.


On the other side of the market, where most properties sold for less than list price, successful sellers discounted their homes by a total of $540,200 and the “average underbid” was more than $10,000 for the third week in a row. Approximately 10% of the fifty properties which sold below list price accepted discounts of $20,000 or more, with a few approaching the $40,000 mark.


Even still, the average asking price and the average selling price of the Saskatoon homes which did trade bounced back in a serious way from last week, once again reaching their highest levels for 2007. It’s clear that buyers have many more options to choose from but they’re still willing to pay a premium price for a good property in a good location.


Saskatoon real estate: Week in review (November 12-16)

Buyers and sellers should both take great care to examine recent sales to ensure that they’re thinking is in the right ballpark. Obviously, buyers want to proceed with caution when there are homes on the market that are priced too high by $40,000, or more. Sellers would be wise to ensure that they avoid such drastic pricing errors. Properties which are grossly overpriced fail to attract much interest and often sell for less than they would have, had then been properly priced in the first place.

See a Google map displaying the boundaries of Saskatoon real estate “areas” here
Data collection and calculation for our statistical reports

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.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate

A closer look at Saskatoon real estate stats for October 2007

Note: The graphics in this post were updated on November 5, 2008 to reflect the final sale numbers as reported by agents for October, 2007. The graphics show the final figures while the commentary reflects the statistics as they had been reported as of the date of the original post.

Average selling prices of Saskatoon homes continued on an erratic bounce as prices in the house and condo category reached $257,778 in October, up substantially from $241,537 in September, but more or less of par with the figure recorded in August of $258,508. Total unit sales remained stable when compared to September but once again, there was a shift in the areas which drew buyer’s interest. Area 4 sales declined by 21 units, while sales increased in all of the other more expensive zones. Saskatoon home sellers waited a little longer to find that perfect buyer as days on the market (DOM) increased to 23 from just 17 last month.

Average prices of Saskatoon homes in October, 2007

The average selling price of Saskatoon houses spiked back up to August levels closing the month at $268,724, up from $241,401 in September.

Average price of Saskatoon houses for October, 2007

The average selling price of Saskatoon condos took a pretty big dip falling to $223,259 from the all time high in September of $241,956. While total unit sales remained stable when compared to the previous month, days on the market reached 26, probably the highest number of days for any housing category this year.

Average price of Saskatoon condos for October, 2007

See a Google map displaying the boundaries of Saskatoon real estate “areas” here
Data collection and calculation for our statistical reports

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.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate