Saskatoon real estate week in review: October 2-7, 2017

Saskatoon real estate sales activity fell from last week but managed to post some annual gains for the first time in eight weeks. Local REALTORS® reported a total of 61 firm residential sales, down from 70 the previous week, but up from 54 when compared to the same period last year. Meanwhile, the number of new listings added to the MLS® grew to 219, the highest number seen during any single week since mid-July. This high listing level can be largely attributed to renewals for some of the near 200 listings that expired without a sale over the closing days of September.

Total active residential listings available to Saskatoon home buyers through the multiple listing service® reached their lowest level since June as the number moderated to 2067. That’s 50 fewer homes than were available a week earlier, but still well ahead of the 1920 properties for sale a year earlier. Most of the weekly decline was in single-family homes category which fell from 1264 last week to 1220 by Saturday morning. That leaves us up from a year earlier by 171 houses. Condo inventory sits at 735 today, down from 745 last week and up from 703 at this time last year.

With decent sales activity in all price ranges below 500K the weekly median price grew by nearly $50,000 from a week earlier to $335,000 while the average price of a Saskatoon home increased to $327,258. Still, both of our longer term price measures fell lower this week. The six-week average price of a local home slipped to $338,287. That’s about $26,000 below its annual peak, and just a few thousand dollars above its lowest point for the year which was recorded in mid-February. Looking back a year ago, we see a six-week average price that was fourteen thousand dollars higher than it is today. A significant decline in high end real estate sales over several weeks has ushered the four-week median price lower for the fourth consecutive week to its lowest point this year, $308,500. That’s roughly ten percent lower than it was at the close of the same week last year.

Sellers dreaming of an above list price offer had their hopes dashed this week. Eight lucky sellers managed to close a deal at their asking price, while 53 of the week’s 61 sales were reported to have sold at a discount that averaged $12,700.

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 1227 Korol Green, Hampton Village, Saskatoon, SK

Welcome to 1227 Korol Green in Hampton Village.

Offered at $389,900 MLS®

View full listing detailshere.

Located on a quiet crescent, built by Campbell Homes, and directly across from Rendall park; this Hampton Village home is ideally situated and steps away from the walking trails and parks of the neighbourhood. As soon as you walk through the door of this modern home, you’ll be welcomed by neutral colours, contemporary fixtures, luxurious hardwoods, wainscotting, a custom hand rail, built in speakers in the living room and deck, and a functional floor plan. In the kitchen, you’ll find quality cabinets and granite countertops. Your little one will sleep quietly adjacent to the large master bedroom which features an ensuite including a jet tub for two, and a walk-in closet for him and her. Down the lighted stairs, you’ll find a gas fireplace to cozy up to on those frigid winter days, ample space to use as a play area or extra living space, another two bedrooms, a three-piece bathroom and lots of storage space in the utility room. Enjoy entertaining company on the deck, and watching the little ones play in the oversized yard. With a space for gardening, a brick fire-pit and lack of neighbours behind you – you’ll find yourself basking in the privacy of your own outdoor space. A double garage and space to park your RV, snowmobile or quads gives the man of the house lots of room to tinker.

Interested parties should contact Michelle Butler at 306-491-7725 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 #201 – 250 Pinehouse Place, Lawson Heights, Saskatoon, SK

Welcome to #201 – 250 Pinehouse Place in Lawson Heights.

Offered at $155,000 MLS®

View full listing detailshere.

Just a 10 minute walk from the river and Meewasin trails, you’ll find this quiet, bright and renovated complex welcoming you home. The unit features newer cabinets and countertops, laminate flooring, and freshly cleaned carpets – just move in and unpack! The 788 square feet provides ample storage, in-suite laundry and a private balcony. You’ll be pleasantly surprised by the peace and quiet in this little court and close proximity to the Lawson Heights mall, soccer centre, schools and parks. There’s a bus stop just down the block that will take you directly to the University of Saskatchewan, or you can utilize the many routes via the bus mall nearby.

Interested parties should contact Michelle Butler at 306-491-7725 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 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.