Saskatoon real estate: Week in review (July 14-18 2008)

Total active residential listings on the Saskatoon real estate market fell just short of breaking the 1,500 mark and settled at 1,499 by the end of the week, a net gain of 38 units when compared to the previous week’s end. A total of 175 properties hit the new listings board, including 35 that were cancelled and re-listed during the same week, and about 20 condo conversion units that went MLS. At present, there are 961 single-family homes and 433 condominiums displaying the active status on the Saskatoon MLS. The balance of available units included vacant lots, mobiles, semi-detached and duplexes.

Unit sales in the single-family homes and condos category came in at 71. Overbid sales edged up marginally from last week with 5 homes selling above list, but the average overbid dropped substantially to reach its lowest level since the week of January 14-18. 59 buyers managed to negotiate a purchase price below the seller’s asking price with an average underbid of just over $10,000.

Average selling prices took a large jump from the previous week, up just a little more than $12,000 to settle at $304,254.

Saskatoon real estate: Week in review (July 14-18, 2008)

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

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Norm Fisher
Royal LePage Saskatoon Real Estate