Saskatoon real estate week in review: September 25-30, 2017

Sales activity came in at a seasonally appropriate level as Saskatoon real estate agents reported 70 firm sales to the multiple listing service®, up three from last week, and down two from the same period last year. New listings slipped lower with 183 properties being added to the MLS® for a weekly decline of six and an annual increase of 24 Saskatoon homes.

The total number of properties available on the multiple listing service edged lower to 2117, a decline of just over 30 homes when compared against last week’s close. Listing inventory remains well up from a year ago when the number of homes available had fallen to 1852. Today’s totals include 1264 single-family homes, up from 1004 a year ago. Condo inventory fell lower over the week to 745 but it remains up from a year ago when 695 units were for sale.

Sales at the lower end of the pricing spectrum were dominant enough this week to move the weekly median price way down to $285,000. With just three sales reported to have sold for more than $500,000 the average for the week also tumbled lower to just $307,291. The six-week average price lost nearly 10K this week as it fell to $341,730. That’s down nearly $11,000 from a year earlier. The four-week median price took a serious dive to $317,000 finding itself down $17,500 from a week ago, and $28,000 lower than it was at the close of the same week last year.

Three sellers managed to wrap up a deal above their asking price netting an average bonus of $1,100. As expected, buyers won the week as 63 of this week’s 70 deals were reported to have sold below the seller’s list price netting an average discount of $13,465. Area three showed the largest average discount of $22,540 as two of the five sales went more than ten percent below 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 725 Reimer Road in Martensville, SK

Welcome to 725 Reimer Road in Martensville, Saskatchewan.

Offered at $418,000 MLS®

View full listing details here.

Welcome to 725 Reimer Road in the community of Martensville which still offers the opportunity to enjoy a small town lifestyle, just minutes to the north of Saskatoon. Conveniently located to schools, shopping and recreational amenities this spacious and open bi-level is a perfect family home, and with five bedrooms and three full bathrooms there’s plenty of room to grow. Built in 2011, this home offers the best in modern day construction for great looks, excellent utility and ease of maintenance. Situated on a beautifully landscaped corner lot with lush green lawns, the dark stucco and stone exterior provides for striking street appeal. You’ll love the openness of the main floor living area where the living room, kitchen and dining area share one huge space. It’s perfect for entertaining friends, Sunday pancake breakfasts with family, or romantic evenings in front of a fire. Cooks will love the kitchen which offers an abundance of rich, dark wood cabinetry with granite countertops. A long island greatly expands your counter space, and provides a perfect spot for lunch with the kids. It has a full corner pantry and lovely stainless steel appliances. Move outside through the dining area garden doors to a back yard deck. The master bedroom offers a full size shower, beautifully finished in ceramic, and of course, a walk-in closet. The lower level is fully developed with the third bath, two spacious bedrooms and an awesome family room with large windows that welcome natural light. Direct entry from the double attached garage.

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: September 17-23, 2017

Saskatoon real estate sales gained some ground this week as local agents reported 67 firm residential deals to the Saskatoon MLS®, up from 53 a week earlier. That said, numbers failed to meet those generated over the same period in the previous year for the sixth consecutive week, this week’s shortfall being 14 homes.

New listings continue to flow onto the multiple listing service® as Saskatoon home sellers hoping to find a buyer before the snow flies take one last crack at the market. A total of 189 new listings were added for this period, about the same number that came on the previous week, but up annually by 21.

The inventory of active residential real estate listings available to buyers through the MLS® increased for the second week in a row as it grew to 2148 Saskatoon homes, up 21 from a week earlier. That’s 192 more listings than were available at the same day a year earlier. Included in those numbers are 1261 single-family homes, up from 1071 last year, and 775 condominium units, up 54 from a year earlier when a selection of 721 were displayed on the MLS®.

With nearly 20 sales reporting a sale price of less than $250,000 the weekly median price fell sharply lower ($50,000) this week to $290,000. The weekly average fell even more ($60,000) after reaching its highest point for at least two years the previous week. It came down to $335,765 in spite of a couple of large residential sales that collectively added more than $2 million to the total sales volume. The six-week average price took its third weekly increase to reach its highest point since June at $351,229. That increase left it ahead by about six thousand dollars compared to last week, and just as much when compared against numbers generated during the same week a year ago. Meanwhile, the four-week median price moved in the opposite direction falling about thirty-five hundred dollars from the week before. It came in a $334,550 which is about where it was at this time last year.

After a dry spell of a few weeks, three sellers managed to complete a sale above their asking price but the bonuses paid were small at just $133 each, on average. While three other sellers got their price, 59 of this week’s 67 sales were reported to have sold below asking price with an average discount of $13,687.

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: September 10-16, 2017

The number of Saskatoon homes that traded through the local MLS® system fell by three on a week-over-week basis to 53, down 30 sales when compared against firm residential sales for the same week last year. This is the fifth consecutive week during which sales fell year-over-year. Meanwhile, the number of new residential listings that were added to the multiple listing service® grew to 188, up from 167 last week, and beating numbers posted during the same week last year by 11.

On the heels of a three-week retreat that brought active residential listings eight percent below their annual peak, numbers inched higher again and reached 2127, up 23 from last week’s close, leaving us with 147 more Saskatoon homes than could be found on the MLS® a year earlier. Today’s totals include 1227 single-family homes, up from 1091 at the close of the same week last year. Condo inventory stayed stable compared to a week earlier. There are currently 788 for sale on the system, up from 723 a year ago.

With an unusually high mix of upper-end sales and a pretty sparse showing of trades below 200K, the average sale price of a Saskatoon home spiked to its highest point this year, $395,375, even as the weekly median price declined to $340,000. The six-week average price took some gains for the second week in a row to finish at $344,953. That’s down just two thousand dollars from where it was at the close of the same week last year. The four-week median price slipped lower losing two thousand dollars on the week to settle at $338,000 for a year-over-year loss of six thousand dollars.

Once again, there were no sales recorded at a price above the seller’s list price, but five deals did go through at full price. The remaining 48 sales closed below the asking price and netted those buyers an average discount of $14,556, a figure that is somewhat skewed by large dollar discounts on the big stuff that traded hands this week.

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 112B 109th Street West, Sutherland, Saskatoon, SK

Welcome to 112B 109th Street West in the Sutherland area of Saskatoon.

Offered at $299,000 MLS®

View full listing detailshere.

From this wonderful location you’ll have easy access to downtown Saskatoon, & numerous other shopping opportunities like Preston Crossing. The University of Saskatchewan campus is easily accessible by public transport. Alternatively, most will be able to walk there in 20-25 minutes, or enjoy a short bike ride. The area is family friendly with Sutherland School and park less than a block away.

This fabulous two storey semi-detached home offers a great opportunity for an affordable entry point to the real estate market. It’s been extensively upgraded inside and out and is ready for its next owner to sit back, relax and enjoy those improvements. They include vinyl siding with foam insulation, shingles, windows and doors, a new kitchen with granite countertops and stainless steel appliances, beautifully renovated bathrooms, flooring, upgraded electrical, plumbing, furnace, water heater and air conditioner, new washer and dryer, fencing, deck, and a 22 x 24 foot garage. Come explore this awesome home before some other smart buyer snaps it up.

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.