Saskatoon real estate week in review: August 20-26, 2017

Saskatoon real estate sales numbers fell lower for the second week in a row as local agents reported just 64 firm residential deals to the MLS®, down from 72 the previous week. Sales softened even more on an annual basis. During the same week last year 92 transactions were completed.

New listings for the period also declined. Just 160 Saskatoon homes were offered for sale on the multiple listing service®, down from 181 last week and matching numbers posted at the close of the same week last year.

Total active MLS® listings slipped lower to 2235, down slightly from the 2253 Saskatoon homes that were available a week earlier. On an annual basis, we are up by 187 homes from a year ago. Today we have 1276 single-family homes for sale, up from 1107 last year. Condo inventory is at 848, considerably higher than the 770 listings that were on the system last year.

Fewer upper end home sales combined with strong activity at lower price points brought the weekly median price considerably lower this week to $331,700. The average sale price also tumbled lower to $343,108. The six-week average price slipped a few hundred dollars from the week before to $338,047. That’s down just over 20K from a year ago. The four-week median price edged up to $335,000 for an annual loss of just three thousand dollars.

One seller managed to wrap up a deal at $100 above their asking price, while six others found a buyer willing to pay the asking price. The remaining 57 sales were reported to have sold at a discounted price, $11,421 below list on average.

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

Welcome to 69 Grandview Trail, Grasswood Estates, Corman Park, SK

Welcome to 69 Grandview Trail in the Grasswoods Estates, in Corman Park, SK.

Offered at $749,000 MLS®

View full listing detailshere.

Imagine an opportunity to escape from the hustle and bustle of urban life right at quitting time, yet enjoy the convenience of the city’s amenities just as easily. 69 Grandview Trail offers a level of peaceful quiet and privacy seldom found this close. Just six kilometres south of Saskatoon, this property delivers expansive prairie views on nearly four acres of land. Don’t worry though, you won’t have to give up any of life’s little luxuries. This beautifully crafted home is packed with them. The open main level is a perfect space for entertaining, or more intimate family times. Massive floor-to-ceiling windows welcome natural light to create a warm and inviting space. Those who love to cook are in for a real treat as this home features one of the most spectacular kitchens we’ve seen with an abundance of high-end cabinetry, granite counter tops, a wonderful ceramic backsplash that just has to be seen, stainless steel appliances including a gas range and dual ovens, plus so much more. The entire main living space offers gorgeous hardwood floors including the living room with gas fireplace and the dining area which provides patio door access to a forty foot back yard deck, also accessible from the master suite. The master bedroom has two walk-in closets and an amazing bathroom with a soaker tub, full size shower stall and dual sinks. The walk-out basement is also fully developed and features a spacious bedroom, a huge family room that could easily accommodate a pool table, a full bathroom, and a storage/utility area. Additional features include a main floor den, main floor laundry with plenty of cabinets and counter space, wired in speaker system throughout, oversized interior doors, 200 amp electrical service and more. Come explore.

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: August 13-19, 2017

Saskatoon real estate activity cooled some this week as local agents reported 72 firm sales to the local MLS®, down from 87 last week, about 11 fewer sales than were recorded for the same week last year. Meanwhile, the number of new residential listings that were added to the system matched the previous weeks total at 181, which is up from 168 when comparing the year-over-year stats.

The inventory of active MLS® listings reached a new high for the year this week at 2253, up from 2251 at the end of June as inventory grew by 22 units this week. We’re now up about ten percent when comparing to levels seen last year. There were 2052 listings showing an active status at that time. Once again, a new record for our area and a hefty number of homes for this time of year when active listings should be moderating. Today, a search of the MLS® system delivers 1282 single-family homes, up from 1118 a year ago. Additionally, there are 865 active condo listings, up 100 units from a year earlier.

A more typical mix of upper and lower end sales brought both the weekly median price and the weekly average higher to $361,250 and $359,597 respectively. The six-week average saw modest weekly gains of about sixteen hundred dollars and reached $338,652 for a big annual loss topping twenty three thousand dollars. The four-week median price came back after it fell off a cliff last week and closed the week at $331,000. That’s down just eight thousand dollars from a year ago.

Overbid activity was soft, as expected, with just two sellers bagging an above list price offer. They did well though, capturing an average overbid of $4100. Another 64 sales hit the system showing an average discount of $12,549. The remaining six sales were reported to have sold for 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

Welcome to #315C – 3302 33rd Street West, Dundonald, Saskatoon, SK

Welcome to 315C-3302 33rd Street West in the Dundonald area of Saskatoon.

Offered at $99,900 MLS®

View full listing detailshere.

The only thing pretty about this place is the price, which is well below what others in the same building are asking. That said, it doesn’t cost an arm and a leg to do a superb renovation on one of these apartments. A five thousand dollar kitchen, a few thousand dollars worth of flooring, and some paint will bring this one right up to snuff at a price that’s more than fair. It offers two bedrooms in a lovely third floor location. Spacious living room with fireplace and patio doors to a large south-facing balcony, and a generous storage space. Galley kitchen, eating area, and in-suite laundry with all existing appliances included. One electrified parking stall included. Condo fees are just $365.64 and include yard maintenance, common area maintenance, water, building insurance and a contribution to the reserve fund. Pets are allowed with some restrictions.

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.

Welcome to 323 George Road, Dundonald, Saskatoon, SK

Welcome to 323 George Road in the Dundonald area of Saskatoon.

Offered at $275,000 MLS®

If you’re like most buyers, you’ll look at this house and its very unconventional interior paint job and write it of off with an “OMG!” If you’ve got some real estate savvy you know that ugly paint is an easy fix* and you’ll see the excellent potential here at one exceptional price. Sure, you’ll have some yard work to do, and the deck has definitely been neglected, so you best not step out onto it before you replace it. But, here are some of this home’s redeeming qualities worth paying attention to, because you won’t often find many of them at this price point. Start with a beautiful low maintenance exterior. Next, check out the high quality PVC windows with brass inlays. They’re gorgeous…and expensive. Vaulted ceilings! How about that? An oak kitchen with natural gas range. Nice touch. An upgraded high-efficiency furnace. That’s some big bucks. Two nicely renovated bathrooms. All done. That landscape block all over the front yard is worth a small fortune. Finally, a walk-out basement. How many of those are you seeing with a price below $300,000. I’m guessing none! Buy this house…spend a few hundred dollars and a weekend painting the inside (or maybe you love the paint…that’s cool too)…enjoy some free instant equity in a darned nice home. Located in Dundonald, just a few short blocks from a lovely public park and two great schools so your kids will love it too. *If it’s so easy why doesn’t the seller do it? They laughed at us when we suggested it, but you’ll get the last laugh here.

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.