Saskatoon estate week in review: July 23-29, 2017

Thank-you for reading the Saskatoon real estate week in review.

I’m away in Iceland this week participating in a fundraiser for Canadian women’s shelters. This weekly review has been published every week for over a decade and we weren’t about to let this trip get in the way. In order to get you the data in a timely manner, we’re delivering our regular charts, without commentary. Thanks for understanding.

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: July 16-22, 2017

Thank-you for reading the Saskatoon real estate week in review.

I’m away in Iceland this week participating in a fundraiser for Canadian women’s shelters. This weekly review has been published every week for over a decade and we weren’t about to let this trip get in the way. In order to get you the data in a timely manner, we’re delivering our regular charts, without commentary. Thanks for understanding.

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

It’s likely that women you know are affected by violence – the good news is you can help

For most of us, home is our safe place. It’s a place we can go to escape the pressures of life and shelter ourselves from danger. Unfortunately, home is not a safe place for everyone. Each year, hundreds of Saskatoon women and children fall victim to domestic violence. Make no mistake, these are women that you know, because violence against women has no socioeconomic barriers. It can happen to anyone. It does happen to far too many.

There are many issues that we need to address to break this awful cycle but the first priority is to provide these women and kids with somewhere to turn. They need a safe place to stay while they rebuild their lives. They need people who understand the challenges they face. People who can help them start again and build a future that’s free of violence.

You can help them find that. You can make an immediate and profound difference in the lives of people who are suffering right now. The question is, will you?

Saskatoon’s YWCA Saskatoon Crisis Shelter and Saskatoon Interval House provide these services. Over the years, thousands of women and children have found refuge in one of these shelters.

On Friday, July 21, 2017, my wife Becky and I head for Iceland to participate in a 100 KM trek to raise funds for this great cause. 85% of the funds we raise will go to the two shelters noted above. The 15% balance will be directed towards violence prevention programs to teach young people how to deal with life’s challenges without resorting to violence.

If you’d like to support us and these great shelters, you can do so by clicking the “Make a Donation” button at www.TeamFisherTrekForShelter.ca. Many thanks to all who have contributed.

We will be without internet access while we trek next week but look forward to updating you when we return.

Norm Fisher

P.S. The photo above was taken in 2015, on a similar trek that took us through the Peruvian Andes on a walk to Machu Picchu. This is our crew celebrating reaching our highest peak in a fundraiser that raised over half a million dollars for Canadian women’s shelters.

Saskatoon real estate week in review: July 9-15, 2017

While Saskatoon real estate sales numbers saw some growth on a week-over-week basis, they slipped lower from a year earlier. Local real estate agents reports 78 sales to the MLS® this week, up from 70 for the previous seven day period and well down from the 93 residential sales recorded for the same week last year.

New listing numbers surged upwards to 228, an increase from 200 last week, and also up by 22 homes compared to the same week last year.

The number of Saskatoon homes offered for sale on the multiple listing service® pushed higher for the second week in row, raising the question, “have we actually reached our inventory peak for this year.” Yesterday came and went with 2228 residential listings appearing active when it closed, 59 higher than it was a week earlier, and topping last year’s numbers by 159 properties. This year’s peak of 2251, which we reached in mid June, is the highest number of active listings ever recorded on the Saskatoon MLS® system. Will we go higher yet? The next couple of weeks will tell.

As of this morning, there are 1251 single-family homes for sale, up from 1212 last week and well ahead of the 1107 houses available at this time last year. Condo inventory has reached 815, a gain of 34 from a week earlier, and up 15 from a year ago.

A more even distribution of sales across the various price ranges brought the weekly median price back to $337,750 as the average for the week came in at $353,830. The six-week average price inched higher to $352,018 to record an annual loss of nearly 10K. The four-week median price slipped lower to $325,000 to find itself down by fourteen thousand dollars from a year ago.

One lucky seller received an above list price offer but the bonus was small at $100. On the flip side, 74 of this week’s buyers sealed a deal with an average discount of $11,198. The remaining three sales were reported sold at the asking price.

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: July 2-8, 2017

Saskatoon real estate sales lost some steam for the second week in a row as residential sales fell to just 70 units, down from 90 the previous week. That’s 15 fewer homes than were sold during the same week last year. The majority of this week’s sales were on the east side of Saskatoon with areas three through five reporting just 12 firm deals.

New listing activity was strong, as it almost always is during the first week of the month when the expired listings that were removed from the system as the previous month closed are re-listed for another go at the market. This week saw 200 Saskatoon homes added to the multiple listing service®, beating the previous week’s numbers by 16, and ahead of the same period last year by ten.

The number of Saskatoon homes listed for sale on the MLS® grew slightly. As of this morning, there is a total of 2169 residential properties offered for sale. That’s higher than the previous week’s close by just 16 and ahead of levels recorded at the close of the same week last year by 95. Saskatoon home buyers have a selection of 1212 single-family homes, well up from 1089 a year earlier. Condo inventory sits at 800, up just 17 from numbers recorded for this category a year earlier.

Over the past couple of weeks, high-end housing activity has buoyed prices significantly. This week, with 29 sales reported to have sold below the $300,000 mark, both the weekly average price and the weekly median price of a Saskatoon home tumbled to $346,858 and $324,950 respectively. The six-week average price still managed to make some small weekly gains as it closed at $351,827 to record an annual loss of just more than two thousand dollars. The four-week median price inched lower to $329,000 to find itself down on an annual basis by a little less than three thousand dollars.

Overbid sales continue to be sparse. This week – non-existent. Six fortunate sellers did manage to secure an offer at their asking price. The remaining 64 sales were reported to have sold below the seller’s asking price with an average discount of $13,369.

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