Saskatoon real estate: Week in review (August 25-29 2008)

New listing activity in the Saskatoon real estate market was slightly higher than last week with a total of 141 new listings in the residential category. The single-family homes and condo category saw a small decline in new listing activity with 121 units being introduced over the course of the week. As of today, there are 1,059 single-family homes and 499 condominiums showing the active status. Total active listings in the residential category show a small increase to 1,676 properties compared to 1,667 last week.

Sales were pretty much on par with the previous week. A total of 57 properties were reported as firm sales including 53 houses and condos.

The average selling price for the week was just $270,911, down from $276,320 last week and one of the two lowest weekly averages since the middle of March.

Saskatoon real estate: Week in review (August 25-29, 2008)

I’ve just returned from two wonderful weeks in the Canadian Rockies. I’m feeling ready to get back to work, and excited to see how this market unfolds in the months ahead. My thanks go out to Pamela for managing the phone, email and the blog while I was away. Thanks also to Lyndon Neher for looking after the day-to-day details of the business. Finally, thanks to all of you readers for continuing a lively discussion.

Over the next few weeks, I’ll be considering some new ways to report on the Saskatoon real estate market on a weekly basis. Market changes are probably making some of the numbers irrelevant (over list, under list, etc.). If you have some ideas on what you would like to see, or how you’d like to see it presented, I’m all ears. You can leave your suggestions in the comment string, or drop me an email using the button below the header on this page. Once again, thanks so much for your participation in this community.

See a Google map displaying the boundaries of Saskatoon real estate “areas” here
Data collection and calculation for our statistical reports

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.

Follow our daily updates on Twitter @SaskatoonHomes.

Norm Fisher
Royal LePage Saskatoon Real Estate