A new listing at 315 Fleming Bay, Willowgrove, Saskatoon, SK

Welcome to 315 Fleming Bay in the Willowgrove area of Saskatoon.

Offered at $669,900 MLS®

View full listing detailshere.

This former Lexis show home is sure to impress the most discriminating home buyers. Winner of the Best Production Award for the 2012 Bridges Awards, and the 2012 Canadian Home Builder’s Association SAM Award it offers modern appeal, clean lines and an abundance of high-end features that truly make it a special place to call home. Ten foot ceilings throughout the main level give it a grand and exceptionally open feeling while the white oak hardwood floors provide a touch of uniqueness not often found, even of homes of this calibre. Massive windows welcome plenty of natural light, and recessed pot lighting provide a nice touch for evening entertaining, and we expect you’ll be doing plenty of that as the space is perfect for it. With over 25 feet of quartz wrap around counter tops preparing meals in this kitchen is an absolute joy. White lacquered cabinets, stainless steel appliances including a natural gas cook top, and a walnut finished island with breakfast bar seating provide all that you need for everyday dining, and the adjacent dining area provides plenty of space for evening when the guest list expands. The spacious adjoining living room offers a large gas fireplace for warm romantic moments during our cold Saskatchewan winters. The open riser wood staircase to the upper level is stunning. Up there you’ll find three large bedrooms, the main bathroom and a gorgeous ensuite with a large tub, dual sinks and a shower enclosure. The ceilings through this level, and the developed basement are nine feet high. Downstairs, a spacious family room wired for home theatre, a large den, a fourth bedroom and an additional full bath make this the perfect setup for guests. All of this beauty built on a huge wedge shaped lot, on a lovely Willowgrove cul-de-sac.

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.

A new listing at 315C – 3302 33rd Street West, Dundonald, Saskatchewan, SK

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

Offered at $84,900 MLS®

View full listing details here.

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.

Saskatoon real estate week in review: February 18-24, 2018

Saskatoon real estate agents reported 51 firm residential sales to the multiple listing service® this week, down four from the previous week, to fall short of numbers recorded for the same period last year by just one. As of today, total residential sales for the calendar year are roughly on par with where they were at this time in 2017. Where January had produced some healthy increases in the number of homes that traded (compared to the previous January), some momentum has been lost in February and it appears that we may see modest year-over-year declines by the time the dust settles at month end.

Meanwhile, the number of new listings added to the MLS® fell lower on an annual basis for the eighth consecutive week. A total of just 106 Saskatoon homes hit the market this week, a decline of seven from last week, and down from 133 for the same period a year ago.

As of this morning, the total number of active MLS® listings for Saskatoon in the residential category sits at 1573, up just 14 from last week’s close, and down by 148 (about an 8.5% decline) from the close of the same week last year. While still very early in the year, this is definitely the slowest early-year growth that we’ve seen in a few years. Buyers have just 836 single-family homes to choose from, down from 894 at this time last year. Condo inventory is also lower than it was a year ago, by 30 units. Today there are 653 Saskatoon condos for sale on the multiple listing service®.

With far fewer trades reporting a sale price exceeding $500K, and a good measure of Saskatoon homes selling at price points below $250,000 both the weekly median price and the weekly average fell lower to just $307,000 and $316,675 respectively. Coming off of a strong drop last week, the six-week average price grew by nearly $2,500 from last week to finish at $337,436 and claiming an annual increase of roughly $1,600. The four-week median price slipped more than six thousand dollars from the previous week to $329,500. That was up 13K from where it sat at the close of the same week last year.

Buyers largely won at the negotiating table this week as not a single seller saw an offer come in above their asking price. In fact, 48 of the week’s 51 firm sales were reported to have sold below list price netting the buyer an average discount of $16,102.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

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

Canadian home sales fall sharply in January, 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of January 2018 late last week.

According to the report, “Home sales via Canadian MLS® Systems dropped sharply in January after having climbed to the highest monthly level on record in December. Although activity retreated to the lowest monthly level in three years, January sales were on par with the 10-year monthly average.”

Highlights of CREA’s report

  • National home sales declined by 14.5% from December 2017 to January 2018.
  • Actual (not seasonally adjusted) activity was down 2.4% year-over-year in January.
  • The number of newly listed homes plunged 21.6% from December 2017 to January 2018.
  • The MLS® Home Price Index (HPI) in January was up 7.7% year-over-year.
  • The national average sale price advanced by 2.3% year-over-year.

Read the entire report on Canadian MLS® sales for January of 2018.

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: February 11-17, 2018

While the number of Saskatoon real estate sales grew from 51 last week to 55 this week, they fell lower on an annual basis. During the same period last year, 66 residential trades were reported to the multiple listing service®.

New listing activity dropped more sharply on both a weekly and an annual basis. Local REALTORS® submitted 113 Saskatoon homes to the MLS® over the past week, down from 131 the previous week, and well below the 156 that were added over the same period of 2017.

Active MLS® inventory once again failed to gain much traction over the past seven days as total listings in the residential category grew by just six to reach 1559, down from 1707 at the close of the same week last year. That’s a near nine percent annual decline. Total active residential listing numbers have only been lower at the close of one week (the first of 2017) in the past two years. If the current trend continues, the 2018 active listings line on our chart could easily find itself intersecting with the 2015 line soon. Still, it’s too early to develop a clear picture of where these numbers may go. Typically, new listings numbers just begin to gather some serious steam through the month of March. Today’s tallies show we have 828 single-family homes for sale in Saskatoon, down from 874 a year ago. Available condominium units are at 651, down from 682 at this time last year.

Strengthened activity for home sales below $250,000 brought both the weekly median sale price and the average sale price lower to $335,000 and $320,023 respectively. Consequently, the six-week average sale price of a Saskatoon home fell lower by nearly fourteen thousand dollars compared to last week and settled at $335,000. That’s its lowest point this year, and roughly 5K below where it was a year ago. Meanwhile, the four-week median sale price took some small gains rising to $335,700 to claim a year-over-year gain of a bit more than thirteen thousand dollars.

Once again, just one seller managed to close a deal for more money than they had asked, but they scored big with a bonus paid of $10,100, easily the highest overbid we’ve seen in months. Most buyers refused to pay the asking price this week as 49 trades were reported to have sold at an average discount of $15,949.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is available here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra