Saskatoon real estate week in review for June 8-14, 2019 (edition #640)

    Saskatoon home sales slipped lower for the second week in a row to end a nine-week streak of year-over-year unit sales increases. Local REALTORS® processed 82 firm deals this week, down just seven from the previous period but lower than numbers recorded last year by 31.

    New listings took a solid dip falling from 240 last week to 187 for the current week. Those numbers are down 35 units compared to activity reported last year.

    The inventory of active Saskatoon real estate listings moved higher and closed the week at 1978 for a weekly increase of 32 and an annual decline of 55 homes. A quick audit of available listings this morning shows 1128 single-family homes for sale, up from 1071 at this time last year. Condo inventory has slipped lower to 720 for an annual decline of 108.

    Condo buyers remained active this week while home sales above $500,000 cooled. Those factors combined to cause both the weekly median and the average sale price of a Saskatoon home to fall lower. Those measures came in at $314,200 and $329,421 respectively.

    The six-week median price grew almost three thousand dollars this week and reached $336,324 for an annual increase of almost four thousand dollars. The four-week median price fell a couple of hundred dollars from last week and settled at $329,000 for a year-over-year increase of four thousand dollars.

    Three Saskatoon home sellers closed a sale for more than their asking price, all three netting a $5100 bonus. Meanwhile, 73 sales were reported to have sold for less than list price with an average discount of $11,712.

    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. Reach out by voice or text at 306-241-6676 or email me at norm at teamfisher.com

    Norm Fisher
    Royal LePage Vidorra

Saskatoon real estate week in review for June 1-7, 2019 (edition #639)

Saskatoon real estate sales cooled considerably compared to last week as the number of residential trades fell to 89, down from 114. That was, however, enough to maintain what is now a nine week trend of annual sales increases. During the same period last year local agents reported 77 Saskatoon homes sold to the MLS system®.

New listings spiked to their highest level for any week this year as 240 property owners looking to take advantage of the strongest spring market in years listed their homes. That number is up from 188 last week, and higher than it was during the same period last year by 31 homes. It appears to be the highest number of Saskatoon homes listed during any single week since mid-May of 2017.

The disparity between sales and listings drove the total number of active listings available to buyers through the multiple listing service® to its highest level this year. This morning there are 1946 residential properties in various categories available on the system, up 67 from last week’s close, but down just 53 from levels recorded last year at this time.

The number of single-family homes for sale fell lower annually from 1155 to 1100. Condo inventory also softened on a year-over year basis. Buyers have 718 to choose from today, down 130 from a year earlier.

An increasing number of entry level buyers showed up this week and lower end sales pushed the median sale price for the week lower to $321,000. Meanwhile, two sales that topped the $800,000 mark, and one that exceeded $900K caused the weekly average to grow to $334,825.

The six-week average price fell lower by about $2500 to $333,379 which is down about three grand from the same week last year. The four-week median price fell by seven hundred dollars from last week to settle at $329,250 to close up annually by just over nine grand.

There was little enthusiasm for overbidding this week. Just one seller got more than their asking price as the buyer of their home paid an $1100 bonus to beat another buyer to a deal. On the other hand, 82 buyers left the negotiating table having ground their seller for a discount that averaged $12,013.

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

A new listing at 115 Frobisher Crescent, Lawson Heights, Saskatoon, SK

Welcome to 115 Frobisher Crescent in the Lawson Heights area of Saskatoon.

Offered at $394,900 MLS®

View full listing detailshere.

View still images of this home here.

Sitting on a large landscaped lot, 115 Frobisher Crescent is a fully developed, 1340 square foot, three bedroom home that has been lovingly lived in by the same family for over 34 years. It’s time for the owners to move on and let someone else love it for years to come. Nestled on a quiet crescent, this home backs Rochdale Park and Lawson Heights Elementary School. It’s only a block away from St. George Catholic Elementary School, making it a perfect home for families with school aged children.
The Meewasin Trail is ranked as the top thing Saskatonians love about Saskatoon, and you’ll only be a few blocks away from miles of walking or biking trails in the beautiful river valley. It is also close to numerous parks, and all the amenities in the north end, including restaurants, shopping, churches and recreational facilities.

The main level living room has new carpet, a wood burning fireplace and patio doors to a balcony that overlooks the front yard. The dining room, with hardwood flooring, is off both the living room and the kitchen which has an abundance of oak cabinetry, and built in appliances that include the cooktop, oven and dishwasher. It has quarry tile floors. The large master bedroom features hardwood flooring, a three piece ensuite with updated vanity and patio door access to an insulated, heated three-season sunroom (which also has a kitchen and backyard access).The other two large bedrooms both have big windows providing lots of natural light. The four piece main bathroom has upgraded cabinets and a countertop and a Bath Fitter tub surround.

The lower level has direct access to the attached, heated double garage. It features a large family room with built in cabinets, new carpet, a wood burning fireplace. Also on this floor is a three piece bathroom and the laundry/utility room.

Enjoy Saskatchewan’s wonderful summers in the fully fenced backyard with beautiful beds of perennials, a paving stone patio and lots of green space, and store all your yard needs in the 8′ x 10’ garden shed with electrical. Other features include central air conditioning, central vacuum, new garage door opener (2018) and a rubber paved three car driveway. If you’re looking to buy a great house in one of Saskatoon’s desirable north-end communities, come take a look today!

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.

Welcome to 839 Rutherford Way, in Sutherland, Saskatoon, SK

Welcome to 839 Rutherford Way in the Sutherland area of Saskatoon.

Offered at $329,900 MLS®

View full listing detailshere.

View still images of this home here.

Welcome to 839 Rutherford Way, a 1111 sq/ft, two-storey, 3 bedroom home in the Sutherland area. Sutherland offers eight small but pretty parks, and area residents have access to baseball, basketball, soccer and volleyball facilities. There’s also a paddling pool, numerous playgrounds and walking paths. Also in the area is plenty of amenities including restaurants, shopping, and medical services. You’re also in close proximity to the University of Saskatchewan, Preston Crossing shopping district and to Circle Drive, which will get you anywhere fast. Walking into the spacious entryway, you’ll notice that the main floor is open and bright. The living room overlooks the kitchen and dining area, perfect for entertaining or family gatherings. All have laminate flooring. A two piece bathroom rounds out the main floor. Upstairs, you’ll find 3 carpeted bedrooms and a four piece bathroom. The master bedroom has a walk in closet. The basement is open for further development. Other features include central air conditioning, central vacuum, and a Nest thermostat. Patio doors off the dining area take you to your large deck and landscaped backyard, where you can enjoy our beautiful Saskatchewan summers. The backyard has plenty of perennials, lilac trees and raspberry bushes. Underground sprinklers make some of the yard maintenance a breeze. There are three parking spaces at the end of the backyard and there’s plenty of room on the 40 x 110 foot lot for a future garage. Quick possession is available, come take a look at this great home today!

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.