Saskatoon real estate week in review: January 22-28, 2017

Sales and listing activity were both brisk for the Saskatoon real estate market this week. Local agents reported 56 firm residential deals to the multiple listing service®, well up from 39 last week, and enough to finish ahead of the same week last year by three. New listings slipped lower from 167 Saskatoon homes last week to 143 for this week, 13 fewer homes than were added to the MLS® during the same period a year earlier.


 

Residential sales and listing activity from the Saskatoon MLS for the week of January 22-28, 2017

 

 

For the second week in a row, the total number of Saskatoon homes for sale on the MLS® was up year-over-year. Not by much, but up. Total active listings in the residential category sit at 1627 this morning, for a gain of nine compared to last week’s close, and up just three from the count at the close of the same week a year ago. The number of single-family homes for sale in the city is actually down annually from 884 to 856. The selection of condos, on the other hand, is up from 585 a year ago to 627 today.

 

 

Active Saskatoon residential MLS listings for the week of January 22-28, 2017

 

 

Four pretty big transactions including the first residential sale in 2017 to top one-million dollars added nearly $3.5 million to the total dollar volume of sales and pushed the average price for the week up close to ten thousand dollars as it reached $343,853. Still, the weekly median price moved in the opposite direction as buyers who favoured the lower end of the Saskatoon real estate market were most active. That measure came in at just $314,500. Meanwhile, the longer-term measures both made gains as the six-week average price of a Saskatoon home took a solid jump to $340,590 but closed the week down on a year-over-year basis by thirteen thousand dollars. The four-week median price edged up to $337,386 to find itself short of last year’s number by just six hundred bucks.

 

 

Average and median prices for Saskatoon homes sold MLS for the week of January 22-28, 2017

 

Historical six-week average price for Saskatoon homes sold MLS through the week of January 22-28, 2017

 

Historical four-week median price for Saskatoon homes sold MLS through the week of January 22-28, 2017

 

 

 

 

While six sellers did close a deal at their asking price, just one found a buyer willing to pay more. That sale went down in area four and netted the seller a bonus of two thousand dollars. Over the week, 49 buyers managed to grind their seller to pick up an average discount of $16,045. The number was seriously skewed by two sales, both at the upper end of market prices for the week and both selling 100K below the asking price. Spread across the 49 deals, those two huge discounts are driving the average up by nearly $4,100.00.

 

 

Saskatoon residential sales and listing statistics for the week of January 22-28, 2017

 

 

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: January 22-28, 2017

Sales and listing activity were both brisk for the Saskatoon real estate market this week. Local agents reported 56 firm residential deals to the multiple listing service®, well up from 39 last week, and enough to finish ahead of the same week last year by three. New listings slipped lower from 167 Saskatoon homes last week to 143 for this week, 13 fewer homes than were added to the MLS® during the same period a year earlier.


 

Residential sales and listing activity from the Saskatoon MLS for the week of January 22-28, 2017

 

 

For the second week in a row, the total number of Saskatoon homes for sale on the MLS® was up year-over-year. Not by much, but up. Total active listings in the residential category sit at 1627 this morning, for a gain of nine compared to last week’s close, and up just three from the count at the close of the same week a year ago. The number of single-family homes for sale in the city is actually down annually from 884 to 856. The selection of condos, on the other hand, is up from 585 a year ago to 627 today.

 

 

Active Saskatoon residential MLS listings for the week of January 22-28, 2017

 

 

Four pretty big transactions including the first residential sale in 2017 to top one-million dollars added nearly $3.5 million to the total dollar volume of sales and pushed the average price for the week up close to ten thousand dollars as it reached $343,853. Still, the weekly median price moved in the opposite direction as buyers who favoured the lower end of the Saskatoon real estate market were most active. That measure came in at just $314,500. Meanwhile, the longer-term measures both made gains as the six-week average price of a Saskatoon home took a solid jump to $340,590 but closed the week down on a year-over-year basis by thirteen thousand dollars. The four-week median price edged up to $337,386 to find itself short of last year’s number by just six hundred bucks.

 

 

Average and median prices for Saskatoon homes sold MLS for the week of January 22-28, 2017

 

Historical six-week average price for Saskatoon homes sold MLS through the week of January 22-28, 2017

 

Historical four-week median price for Saskatoon homes sold MLS through the week of January 22-28, 2017

 

 

 

 

While six sellers did close a deal at their asking price, just one found a buyer willing to pay more. That sale went down in area four and netted the seller a bonus of two thousand dollars. Over the week, 49 buyers managed to grind their seller to pick up an average discount of $16,045. The number was seriously skewed by two sales, both at the upper end of market prices for the week and both selling 100K below the asking price. Spread across the 49 deals, those two huge discounts are driving the average up by nearly $4,100.00.

 

 

Saskatoon residential sales and listing statistics for the week of January 22-28, 2017

 

 

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: January 15-21, 2017

The number of firm Saskatoon real estate sales took a small dip this week as local agent reported just 39 residential trades, a decline of three from the previous week, and seven fewer than we saw during the same period of 2016. Meanwhile, the number of Saskatoon homes that were listed for sale inched down by one this week to 167 to finish well above last year’s number of just 136.

 

Residential sales and listing activity from the Saskatoon MLS for the week of January 15-21, 2017

 

Softer sales and more new listings meant higher inventory numbers. By this morning, the total number of residential properties for sale on the multiple listing service® reached 1618, up 48 from a week earlier, leaving us up over last year by seven homes. All of the gains can be attributed to the condominium category which saw its numbers grow from 575 a year ago to 626 today. The number of single-family homes for sale has slipped lower to 850 from 881 at this time last year.

 

Active residential MLS listings for the week of January 15-21, 2017

 

With some continued softness at the upper end of the Saskatoon real estate market (only one sale above the $500,000 mark this week), the average price of a local home slipped to $335,654 even as the weekly median price grew to $322,000. The longer term measures both moved lower as the six-week average price dropped by nearly three thousand dollars to $335,671 which is down about 10K from the close of the same week last year. The four-week median took a solid dive to just $316,000 to find its lowest point in well over a year. It finished the week down from a  year ago by fifteen thousand and five hundred dollars.

 

Average and median prices for Saskatoon homes sold MLS for the week of January 15-21, 2017

 

Historical six-week average price for homes sold MLS through the week of January 15-21, 2017

 

Historical four-week median price for homes sold MLS through the week of January 15-21, 2017

 

Competitive bidding picked up a bit as three Saskatoon home sellers found a buyer willing to pay more than their asking price to deliver an average overbid of $2,733. On the other side of the negotiating table, 31 buyers ground themselves a discount that averaged $9,447. That’s lower than last week by about six thousand dollars. The other five deals closed at the full asking price.

 

Saskatoon residential sales and listing Activity for the week of January 15-21, 2017


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: January 15-21, 2017

The number of firm Saskatoon real estate sales took a small dip this week as local agent reported just 39 residential trades, a decline of three from the previous week, and seven fewer than we saw during the same period of 2016. Meanwhile, the number of Saskatoon homes that were listed for sale inched down by one this week to 167 to finish well above last year’s number of just 136.

 

Residential sales and listing activity from the Saskatoon MLS for the week of January 15-21, 2017

 

Softer sales and more new listings meant higher inventory numbers. By this morning, the total number of residential properties for sale on the multiple listing service® reached 1618, up 48 from a week earlier, leaving us up over last year by seven homes. All of the gains can be attributed to the condominium category which saw its numbers grow from 575 a year ago to 626 today. The number of single-family homes for sale has slipped lower to 850 from 881 at this time last year.

 

Active residential MLS listings for the week of January 15-21, 2017

 

With some continued softness at the upper end of the Saskatoon real estate market (only one sale above the $500,000 mark this week), the average price of a local home slipped to $335,654 even as the weekly median price grew to $322,000. The longer term measures both moved lower as the six-week average price dropped by nearly three thousand dollars to $335,671 which is down about 10K from the close of the same week last year. The four-week median took a solid dive to just $316,000 to find its lowest point in well over a year. It finished the week down from a  year ago by fifteen thousand and five hundred dollars.

 

Average and median prices for Saskatoon homes sold MLS for the week of January 15-21, 2017

 

Historical six-week average price for homes sold MLS through the week of January 15-21, 2017

 

Historical four-week median price for homes sold MLS through the week of January 15-21, 2017

 

Competitive bidding picked up a bit as three Saskatoon home sellers found a buyer willing to pay more than their asking price to deliver an average overbid of $2,733. On the other side of the negotiating table, 31 buyers ground themselves a discount that averaged $9,447. That’s lower than last week by about six thousand dollars. The other five deals closed at the full asking price.

 

Saskatoon residential sales and listing Activity for the week of January 15-21, 2017


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: January 8-14, 2017

Saskatoon real estate activity showed some signs of life this past week as the number of local homes that traded began its slow seasonal climb. There were 42 firm residential sales reported to the Saskatoon MLS®, an increase of 12 from the previous week, and up by one when looking back at the same week last year. Sales activity remained in single digit territory in all but one of the five major housing areas, with area three seeing a single sale for the second week in a row. After opening 2017 with some really big numbers last week, new listings fell lower to 168 homes, down 52 on a weekly basis. That was, however, enough for an annual increase of nine listings.

 

Saskatoon residential sales and listing Activity for the week of January 8-14, 2017

 

The inventory of active Saskatoon real estate listings also pushed higher, as it will now during most weeks over the first half of the year as it moves towards its annual peak. Today’s totals show 1570 residential properties with an “active” status, down from a year earlier by just eight homes. We currently have 827 properties in the single-family category, down from 875 a year ago, and 605 condominium listings, up from 539 at this time last year.

 

Active residential MLS listings for the week of January 8-14, 2017

 

The median sale price for the week gained some ground coming in 25K higher than the previous week at $314,500. The average sale price for the week also moved up and finished the week at $337,970. Meanwhile, the longer term measures that we track both edged lower from last week. The six-week average price slipped just a few hundred dollars to $338,546 to find itself down on an annual basis by close to sixteen thousand dollars.  The four-week median price fell nearly three thousand dollars for the week but finished ahead of where it was a year ago by forty-five hundred dollars.

 

Average and median prices for Saskatoon homes sold MLS for the week of January 8-14, 2017

 

Historical six-week average price for homes sold MLS through the week of January 8-14, 2017

 

Historical four-week median price for homes sold MLS through the week of January 8-14, 2017

 

 

Following several weeks with no overbid sales, that seller losing streak was broken this week as a single area four home fetched $1,100 more than the asking price in some kind of a bidding war. Another two sellers snagged a list price sale, both of those properties were new homes. The remaining 39 deals closed below the asking price netting those buyers some hefty discounts averaging $15,760.

 

Summary of Saskatoon real estate activity for homes sold and listed MLS for the week of January 8-14, 2017

 

 

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