Welcome to 530 Avenue W South, in Pleasant Hill, Saskatoon, SK

Welcome to 530 Avenue W South in the Pleasant Hill area of Saskatoon.

Offered at $189,900 MLS®

View full listing detailshere.

View still images of this home here.

Welcome to 530 Avenue W South. Situated on a large lot in the Pleasant Hill area, this cute and spacious three bedroom bungalow with a single detached garage is perfect for anyone whether it be a first time buyer, or someone who wants to start raising a family. It could also be an excellent a revenue property as well. Within walking distance of WP Bate School and a large park while Holiday Park Golf course, and many other amenities are just a short drive away. The bright living room with laminate floors leads to the dining room and kitchen that has plenty of cabinets and an eating bar. The living room is spacious and wired for surround sound. The three bedrooms are all carpeted and the four piece bathroom is tiled. All bedroom windows have been upgraded, with new paint in the master bedroom and second bedroom. The large backyard is mostly fenced (the back fence was replaced in 2014) and has a large deck off the back of the house that’s been well kept and treated. The roof on the home is in excellent shape! The single detached garage has been renovated with work done on the siding, new sheets and new shingles on the roof and a new eavestrough. Overhead door has also been installed replacing the previous door. The yard is LARGE in the front and back!. Great space to enjoy the outdoors. This home was owned and lived in by a single professional, who never smoked and kept the home updated, modern and in excellent shape! Appliances work excellent – Whirlpool dishwasher and GE refrigerator. Come in and have a view!

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

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 for February 16-22, 2019 (edition #624)

The Saskatoon real estate market recorded its strongest sales week for 2019 as 59 firm residential deals were reported to the MLS® system.

The total of new listings added to the multiple listing service® grew marginally to 105, up from 99 the previous week and down by one compared to the same period last year.

The number of Saskatoon homes for sale on the MLS® grew by eight this week to 1426, which is down from 1573 a year earlier. While active listing numbers are slow in making gains compared to most years, the line on our chart looks a lot like last year’s. In 2018, it wasn’t until close to the middle of March that listing inventory began to grow at a more typical pace. Still, with far fewer new condominiums for sale, I expect that this year’s active inventory will fall short of last year’s right through spring.

Included in the total inventory we have 770 single-family homes for sale, down from 836 a year earlier. The condo category has fallen to 567 from 653 a year ago.

The city’s first residential sale above the $1 million mark for 2019 was recorded this week. Even with that one in the mix, the average sale price for the week slipped lower to $338,230. Meanwhile, a bit more activity at the upper end pushed the weekly median price higher to $318,000.

The six-week average price took a jump of nearly 15K from where it was a week ago. It reached $329,015 which is just eight thousand dollars lower than it was at the close of the same week last year. That’s the smallest annual drop we’ve recorded in several months time. The four-week median price grew for the fourth consecutive week to reach its highest point since the opening week of 2019. It closed at $310,000. That’s up $2000 from a week ago, but down close to 20K annually.

Two sellers got a break that led to some overbidding on their home. One of the two homes sold for $20,000 more than the asking price, while the other went $200 over. On the flip side of the negotiating table, 52 buyers made off with a discount averaging a hefty $14,645.

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.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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 for February 9-15, 2019 (edition #623)

Saskatoon real estate agents firmed up 55 residential sales over the past week, up 11 compared to the previous week to match sales for the same period last year for the first time in four weeks.

The number of new listings that were added to the MLS® system over the same period fell lower, dropping by 36 compared to activity over the previous seven days, and declining annually by 14.

Active residential listings also slipped lower with the total settling at 1418 this morning, down just ten from last week’s close for an annual decline of 140 Saskatoon homes. That represents a ten percent drop to the number of homes for sale in Saskatoon from a year earlier. It’s anybody’s guess as to where it might go in the weeks ahead, but a much smaller supply of new condominiums (about half what it was last year) should keep things in check. Again, inventory numbers are at their lowest point for the week in more than four years and builders are producing far few homes, particularly in the multi-family category.

This morning’s totals include 557 condominiums, which is up marginally from last week but down 94 from a year ago. The single-family homes category now sits at 769. That number fell by 26 compared to last week, and is down nearly 60 from the close of the same week last year.

Pricing measures continue to be tricky to track, but there’s no doubt that things have changed from a year ago. In early 2018, the small samples of sales skewed prices in an upward direction as the six-week average price and the four-week median price pushed their peaks for the year over January and February. This year, they are registering much lower, and in fact posting some big dips from a year earlier, and even well down from last year’s closing numbers.The six-week average price for the week was $314,983. That’s up about seven grand from the previous week, but down a little more than twenty thousand dollars from a year earlier. The four-week median price grew by three thousand dollars this week to $308,000 which is about twenty eight thousand dollars lower than it was a year ago.

In 2018, those large spikes in these two measures came back down and prices cooled considerably as we moved towards spring. The reality of new mortgage qualification rules set in. By the close of the first quarter, home builders and consumers were also dealing with the addition of the provincial sales tax on new homes, which added at least 15K to the price of an entry level home.

This past week, two lucky sellers found themselves in the fortunate position of having at least two buyers bidding to buy their home. Those deals both generated strong overbids averaging just over four thousand dollars. Meanwhile, 51 of the week’s 55 sales closed at a discount that averaged $12,182.

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.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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 homes sales improve in January 2019

The Canadian Real Estate Association (CREA), released national sales statistics for January of 2019 this week.

According to the report, “Home sales via Canadian MLS® Systems climbed 3.6% in January 2019 compared to December 2018. The number of homes trading hands was up from the previous month in half of all local markets, led by Montreal, Ottawa and Winnipeg.”

Actual (not seasonally adjusted) sales were down 4% from year-ago levels and turned in the weakest January since 2015. They also came in below the 10-year average for the month on a national basis.”

Highlights of CREA’s report

  • National home sales rose 3.6% between December 2018 and January 2019.
  • Actual (not seasonally adjusted) activity was down by 4% from one year ago.
  • The number of newly listed homes edged up 1% month-over-month in January.
  • The MLS® Home Price Index (HPI) rose 0.8% year-over-year (y-o-y) in January.
  • The national average sale price fell by 5.5% y-o-y in January.

Read the entire report on Canadian MLS® sales for January 2019.

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 (#622) for February 2-8, 2019

The Saskatoon real estate market saw a slight decline to residential sales as the total number of homes traded fell to 44 this week, down three from the week before, and a drop of seven when compared against the same period last year. This is the third consecutive during which sales fell short on a year-over-year basis. The weather is undoubtedly having a cooling effect on an already tepid real estate market as people are showing some reluctance to leave the house when they can avoid it.

New listing numbers moved higher in spite of the weather as a large number of home listings that had expired at the end of January came back to the MLS® system for another go. A total of 135 Saskatoon homes entered, or re-entered the system this week, up from 108 the previous week for an annual gain of four.

After taking a solid dip last week the number of Saskatoon homes listed for sale on the multiple listing service® rebounded. By the close of business Friday, total inventory in the residential category had grown by 37 from the previous week’s close reaching 1428. That’s 125 fewer listings than were available a year ago, and the lowest for “week six” of any of the past five years. Included in the mix are 795 single-family homes, down just 27 annually, and 552 condominiums, which represents an annual drop of 96 units.

Slightly more upper end activity moved the median sale price for the week higher to $314,500. With only a few sales above the $500,000 mark the average sale price for the week still managed to decline to $311,904. The six-week average price sipped lower to $307,920 losing about nine thousand dollars on the week to find itself down annually by close to 40K. The four-week median price re-bounded growing by almost fifteen thousand dollars this week and reaching $305,000. That’s good for an annual decline of about 28K.

Seller’s dreaming of multi-bid situations found themselves disappointed as none got more than their asking price. Meanwhile, Saskatoon home buyers found they could grind a bit of a deal as 36 made off with a discount that averaged $13,341.

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.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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