Norm Norm Fisher

All articles by Norm

 

Saskatoon real estate week in review for April 13-20, 2019 (edition #632)

Saskatoon home sales took a modest dip this week with Friday’s closure of the MLS® system shortening the work week. Local agents reported 80 firm residential sales, a drop of seven from the previous week, and up by five when compared to the same week last year. New listing activity continued to be strong as...
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Saskatoon real estate week in review for April 6-12, 2019 (edition #631)

The Saskatoon real estate market recorded its highest volume week this year as 87 firm residential sales were reported to the MLS®. That number is up 13 from last week and also beats sales for the same period last year by 11 units. The number of new listings added to the database of the multiple...
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Saskatoon real estate week in review for March 30 – April 5, 2019 (edition #630)

Following four consecutive weeks of sales growth, Saskatoon homes sales slipped lower to 74 this past week, down from 79 the week before. That tally falls short of numbers generated during the same week of 2018 by three. Meanwhile, new listings were through the roof as Saskatoon real estate agents pushed 199 properties to the...
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An early spring for Saskatoon housing in March 2019: SRAR

After a fairly strong February, the city of Saskatoon’s March housing market had spring in its step as both new listings and sales rose over last year, by five and 11 per cent respectively. The Saskatoon Region Association of REALTORS® (SRAR) reported 702 listings were posted to the Multiple Listing Service® (MLS®), up from 668...
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Saskatoon real estate week in review for March 23-29, 2019 (edition #629)

Saskatoon real estate sales grew for the fourth consecutive week and reached the highest numbers recorded for any seven day period so far this year. Local agents reported the sale of 79 Saskatoon homes for a weekly increase of 13 units and annual gains of 23. New residential listings took a dip falling from 164...
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Saskatoon real estate week in review for March 16-22, 2019 (edition #628)

Saskatoon real estate agents reported 63 firm residential sales to the multiple listing service® over the past week, five more than the previous week, to finish ahead of the same period last year by 13. The number of new residential listings added to the MLS® remained steady towards the mid-160’s for the third consecutive week....
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Saskatoon real estate week in review for March 9-15, 2019 (edition #627)

Saskatoon real estate sales in the residential category grew to 58 this past week for a weekly increase of eight. The number of sales matched those reported for the same week last year. New listing activity continued to heat up as 162 Saskatoon homes were offered for sale on the multiple listing service®. That number...
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Canadian home sales plunge lower in February 2019: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for February of 2019 this week. According to the report, “Home sales via Canadian MLS® Systems plunged 9.1% month-over-month in February 2019 to the lowest level since November 2012. The month-over-month decline was the largest recorded since the B-20 stress test came into effect in...
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Saskatoon real estate week in review for March 2-8, 2019 (edition #626)

Full disclosure: this week’s sales included two mobile homes on rented land. Given the fairly low numbers of sale overall, they were really skewing prices, especially in area one. I removed these homes from the average and median price calculations for the week but left them for the longer term measures where they were distributed...
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Listings drop while home sales rise in Saskatoon region, February 2019: SRAR

Despite the very cold temperatures in February, Saskatoon and region home sellers found a little warmth as new listings dropped 7% and sales rose 6%. The Saskatoon Region Association of REALTORS® (SRAR) reported 731 homes were listed, down from 783 in the same month of last year, while sales rose to 296 from 280. The...
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Saskatoon real estate week in review for February 23 – March 1, 2019 (edition #625)

Saskatoon real estate sales slipped lower this week, falling from 59 the previous period to 51. That total was short of numbers recorded for the same week last year by just five. This year’s market looks a lot like last year’s. As February closed, the MLS® system of the Saskatoon Region Association of REALTORS® had...
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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....
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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...
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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...
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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...
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Saskatoon home prices show annual declines in January 2019: SRAR

Average Saskatoon home sale prices were down 12 percent year-over-year in January to $302,412. By comparison, the average price in January of 2017 and 2018 was $341,260 and $344,720 respectively. The challenge with averages is that the numbers can be skewed in a given period and are therefore not a reliable reflection of pricing. For...
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Saskatoon real estate week in review (#621) for January 26 – February 1 2019

Saskatoon real estate agents reported 47 firm residential sales to the multiple listing service® over the past week matching numbers recorded the week before. That left us short by nine sales when comparing the numbers against results from the same week last year. That said, January proved to be a decent month with 201 Saskatoon...
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Saskatoon real estate week in review (#620) for January 19-25, 2019

The Saskatoon real estate market took a step back on all fronts this week as local agents reported just 47 firm residential sales to the multiple listing service®. That number is down 10 from the previous week’s volume, and lower by nine when compared to sales for the same week last year. While sales were...
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Saskatoon real estate week in review for January 12-18, 2019

Saskatoon real estate agents continued to post sales numbers that exceeded the previous year’s totals for the second week in a row. This past week, 57 Saskatoon homes traded hands, up from 39 during the previous week and beating sales for the same period last year by nine. The number of new listings added to...
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Canadian homes sales post weakest annual numbers since 2012: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for December of 2018 today. According to the report, “Home sales via Canadian MLS® Systems fell by 2.5% in December 2018 compared to November, capping the weakest annual sales since 2012. Monthly declines in activity since September have fully retrenched its summer rally and returned...
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Saskatoon real estate week in review for January 5-11, 2019

The second week of 2019 is now in the books and the Saskatoon real estate market showed a little promise. Local REALTORS® reported 39 firm residential trades to the multiple listing service®, up 16 from the previous week, and enough to top sales for the same week last year by seven. New listing activity also...
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Saskatoon home sales fall five percent in 2018: SRAR

December home sales through the Multiple Listing Service (MLS®) totalled 164 in Saskatoon, 20 percent fewer than were sold in December of 2017. The region surrounding Saskatoon had 43 MLS® sales in December of 2018, down just one from the same period last year. The total number of residential sales for 2018 in Saskatoon was...
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Saskatoon real estate week in review for December 29, 2018 – January 4, 2019

And, we’re off! The first week of a new year for the Saskatoon real estate market is now behind us. After closing 2018 with unit sales hitting the trough, residential trades saw a slight increase as 23 properties changed hands, up five from the week before, and down by four compared to the opening week...
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Saskatoon real estate week in review for December 23-29, 2018

The final week of the year for the Saskatoon real estate market was quiet, as it always is. This week marks the bottom of the annual real estate cycle which typically peaks in April, May or June, and then begins a slow and steady decline that finishes here. Local agents reported just 18 firm residential...
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Saskatoon real estate week in review for December 16-22, 2018

Residential sales saw both a weekly and an annual increase of eight this week as Saskatoon real estate agents reported 52 local trades to the MLS®. New listings continued to fall lower as they always do in the final weeks of the year. A total of 75 Saskatoon homes were added to the system this...
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Canadian home sales decline again in November 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for November of 2018 this week. According to the report, “Home sales via Canadian MLS® Systems fell by 2.3% in November 2018, adding to the decline in October of 1.7%. While the number of homes trading hands is still up from its low point in...
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Saskatoon real estate week in review for December 9-15, 2018

Saskatoon real estate sales slipped lower this week as local REALTORS® reported 44 firm residential trades to the MLS®. That is lower than the previous week by seven and falls short of sales for the same period last year by 19. The number of new listings that were added to the multiple listing service® database...
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Saskatoon real estate week in review for December 2-8, 2018

Just 16 shopping days until Christmas folks! If you’re celebrating, we hope that you have a good headstart on wrapping up this fun task. Speaking of wrapping up, we are well into the home stretch for 2018 Saskatoon real estate activity. Just three more weekly reviews after this one before the dust settles and we...
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Home Sales Soften in November, 2018: SRAR

Saskatoon home sales through the Multiple Listing Service (MLS®) totalled 203 units in November, a 22 percent decline compared to the same month last year. By the end of last month, a total of 3,167 Saskatoon home sales had been recorded year-to-date, down 25% from the highs of 2014, and the lowest year-to-date sales number...
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Saskatoon real estate week in review for November 25 – December 1, 2018

After a big bounce in residential sale numbers last week the Saskatoon real estate market cooled again. Unit sales fell to just 49, down from 66 the week before, but ahead of numbers recorded over the same period last year by two. New listings fell to their lowest level this year as local agents added...
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Saskatoon real estate week in review for November 18-24, 2018

For the past six weeks, Saskatoon real estate sales numbers have failed to meet those recorded during the same period the year before. Finally, that trend broke this week as local agents brought 66 firm residential sales to the multiple listing service® for a weekly gain of 28 sales, enough to match numbers from the...
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Saskatoon real estate week in review for November 11-17, 2018

It was another lacklustre week of sales for the Saskatoon real estate market. By the close of business Friday, just 38 residential sales had been reported to the MLS® system for the week, one fewer than the previous week, and 27 below the numbers that were recorded over the same week last year. This was...
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Canadian home sales activity slows in October, 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for October of 2018 today. According to the report, “Home sales via Canadian MLS® Systems edged back by 1.6% in October 2018. While activity is still stronger compared to the first half of 2018, it remains below monthly levels recorded from early 2014 through 2017....
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Saskatoon real estate week in review for November 4-10, 2018

Saskatoon real estate sales in the residential category fell lower for the sixth week in a row as winter conditions took a firm hold on the market. Local agents reported just 39 firm sales this week, down six from last week, and falling short of sales recorded during the same period last year by 33...
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Saskatoon real estate listings continue to fall in October 2018: SRAR

The total number of new MLS® residential listings in Saskatoon this year reached 7,111 by the end of October. This represents a year-over-year decline of 12 percent. By this time last year, 8,065 properties had been listed for sale. The number of residential listings for Saskatoon and region is now at 10,929, down ten percent...
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Saskatoon real estate week in review for October 28 – November 3, 2018

The Saskatoon real estate market recorded the smallest number of residential sales for any week since mid-January 2018. A total of 45 firm deals were reported to the MLS® this week, down from 64 the previous week and falling short of sales for the same period last year by four. This is the fourth consecutive...
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Saskatoon real estate week in review for October 21-27, 2018

Saskatoon real estate sales saw a slight increase this week as local agents reported 64 firm residential transactions to the multiple listing service®, up from 58 for the previous week, but down 10 units when compared to sales for the same period last year. The number of new listings added to the MLS® matched last...
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Canadian homes sales slip lower in September, 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for September of 2018 last week. According to the report, “National home sales via Canadian MLS® Systems eased by 0.4% in September 2018, marking the first decline since April. While sales activity is still somewhat stronger compared to the first half of this year, it...
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Saskatoon real estate week in review for October 14-20, 2018

The number of Saskatoon real estate sales processed by the multiple listing service® grew by four this week to 58. That’s down just three from the same week last year. Meanwhile, new listings bounced slightly higher growing from 110 last week to 118 for this period. That number is sharply lower on an annual basis....
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Saskatoon real estate week in review for October 7-13, 2018

Saskatoon real estate sales took a solid dive this week as local REALTORS® reported just 54 firm sales to the multiple listing service®, down from 77 last week, and falling short of sales recorded for the same period last year when 65 homes traded. New listing numbers continued to fall as well. This week, just...
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Saskatoon real estate week in review for September 29 – October 6, 2018

It was a solid week for the Saskatoon real estate market. Local REALTORS® reported a total of 77 residential sales to the multiple listing service®. That number is down three from the previous week, and well up from the 61 Saskatoon homes that traded hands over the same period last year. Meanwhile, the number of...
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Average home price in Saskatoon continues to fall through September, 2018:SRAR

Saskatoon, October 3, 2018. In the month of September, there were 268 residential sales on the MLS®. This is similar to September of 2017. The total number of sales for the first three quarters of 2018 was 2,679, a five percent decline from last year. By comparison, in the first three months of 2016, there...
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Saskatoon real estate week in review for September 23-29, 2018

The final week of September delivered strong sales numbers as Saskatoon real estate agents reported a total of 80 firms deals to the multiple listings service®, up from 69 last week, and ahead of sales for the same period last year by ten. The month will close with 272 residential sales to claim a small...
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Canadian home sales grow for fourth consecutive month in August, 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for August of 2018 today. According to the report, “National home sales via Canadian MLS® Systems edged up by 0.9% in August 2018, marking a fourth consecutive monthly gain. However, sales activity is still running below levels in most other months going back to early...
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Saskatoon real estate week in review for September 16-22, 2018

Saskatoon real estate sales remained stable this week on both a weekly and an annual basis. Local REALTORS® brought 69 firm residential sales to the multiple listing service®, down just three from last week, and up by two compared to the same week last year. New listings continued to slip lower as they typically do...
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Saskatoon real estate week in review for September 9-15, 2018

The Saskatoon real estate market bounced back over the past week as local REALTORS® reported 72 home sales to the multiple listing service®. That’s up by 21 compared to the previous week, and tops sales for the same period last year by 19. That was enough of a gain to make up for sales declines...
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Saskatoon real estate week in review for September 1-8, 2018

Saskatoon real estate sales took a downward turn as just 51 firm residential sales were reported to the multiple listing service®, well down from 73 the previous week and falling short of numbers generated during the same period a year ago when 56 homes traded hands. Meanwhile, new listing numbers moved higher to 158, a...
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Saskatoon real estate listings (MLS®) fall for 8th consecutive month: SRAR

A media release from the Saskatoon Region Association of REALTORS® with an overview of residential MLS® sales and listing activity for the month of August of 2018 follows. For the seventh straight month, the number of active residential listings in the Saskatoon market was down year-over-year (it’s actually eight consecutive months, but who’s counting). At...
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Saskatoon real estate week in review for August 25 – September 1, 2018

September 1. Another month for the Saskatoon real estate market is in the history books. I was just having a look at sales activity for the month. There are 330 residential sales reported for August, which precisely matches sales for the same month of 2017. That’s certainly not as good as July which posted a...
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Saskatoon real estate week in review for August 19-25, 2018

Following two weeks of lacklustre performance, Saskatoon real estate sales rebounded this week as local agents reported a total of 87 residential sales, way up from just 51 the week before. For the first time in three weeks, sales numbers exceeded those recorded over the same period last year when 64 Saskatoon homes traded. This...
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