A closer look at the Saskatoon real estate statistics for May 2007

The average selling price of a Saskatoon home increased close to $12,000 during the month of May to a record $233,013. The average was just shy of $221,000 for the month of April, 2007. Here is an overview of sales activity including both condos and houses.

Saskatoon average house and condo prices for May 2007

Saskatoon houses were scooped up as quickly as they were listed for sale with 383 units changing hands and an average selling price which is now pushing towards the quarter million dollar mark.

Saskatoon average house prices for May 2007

The average price of a condominium in Saskatoon exceeded $210,000.

Sasaktoon average condo prices for May, 2007

Tomorrow we’ll take a look at how the average selling price of condos and houses has changed since May of 2006.

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

This report has been revised after the original publication to include sales which were reported after that date.

A closer look at the Saskatoon real estate statistics for April 2007

March was crazy. April was absolutely insane! I’ve never seen anything like it and neither had some of old timers in this business who have been around forever.


Buyers went after property like another house would never be built and bidding wars reached new heights. By the end of the month, about 80% of Saskatoon homes were being sold at, or above the list price. Through most of the month, the average overbid topped $20,000. A lot of homes sold for $30,000-$50,000 above the asking price, many without any conditions at all.


The average price of a Saskatoon home (condos and single-family detached homes combined) surged further forward to a record breaking $224,845, up from $203,065 the month before. Average days on the market plummeted to an unheard off 9 days.

Saskatoon real estate statistics for April, 2007

The largest gains were seen in houses where the average selling price moved from $208,124 last month to an almost unbelievable $234,406.

Saskatoon house sale statistics for April, 2007

104 Saskatoon condos traded hands with an average selling time of only 7 days. The average selling price hit $193,866, and increase of just $4,500 from last month. Condos had seen a disproportionate increase during March when the average selling price increased more than $30,000.

Saskatoon condo sale statistics for April, 2007

Such massive changes are difficult to fathom over a short period of time. Agents are somewhat clueless on how to advise their clients, and buyers seem absolutely determined to sew up a deal, almost indifferent to the cost and somewhat reckless as well. Buyer, or seller, we should all be hoping that some of this steam comes off soon. Too much, too fast can often be a bad thing.

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

A closer look at the Saskatoon real estate statistics for March 2007

The Saskatoon real estate market took off like a rocket in March producing bidding wars which can only be described as ridiculous for anyone who has been working in this business for any amount of time. By month end, almost 65% of properties sold were selling at, or above the list price. Average overbids were coming in around the $15,000 range and buyers were lining up to throw money at home sellers. An unfortunate sense of desperation hung thick as new comers, first-time buyers and investors scrambled for a piece of the action.


Average selling times slid once again to just 16 days and the average price of a Saskatoon home (condo and single-family detached combined) took an incredible leap forward from $188,028 in February to $203,065 in March, marking the first time that the average ever topped $200,000 in Saskatoon.

Saskatoon real estate statistics for March, 2007

An incredible 295 houses traded hands, at an average of $6,000 above the asking price. Average selling prices for Saskatoon houses jumped to $208,123 from $194,360 the month before.

Saskatoon house sale statistics for March, 2007

The condo market produced 93 sales. Virtually everything that was offered for sale was subject to offers quickly. The average selling price spiked again to an unbelievable $189,275 from $158,924. Average selling prices exceeded average list prices by more than $11,000.


Considering that the average was below $145,000 in December, this is truly difficult to fathom. Condo prices are appreciating much quicker than house prices, which also feel out of control, and I expect that we’ll see some kind of a correction between these two categories. I suspect this is happening because larger numbers of people are trying to get into the market at this more affordable entry level.

Saskatoon condo sale statistics for March, 2007

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

March 2007 brings new Saskatoon real estate price records: SRAR

March came in and out like an angry lion for those engaged in the Saskatoon real estate market with the average home price breaking the $200,000 mark for the first time in Saskatoon’s history. The average selling price of a Saskatoon home was $200,938, up from $156,670 last March.


According to figures released by the Saskatoon Region Association of REALTORS®, agents brought a total of 473 new residential listing to the market in March, a 14% increase over the same month last year. In turn, agents sold 433 homes which representing a 42% increase in unit sales over the previous March.


Consider also, that unit sales in Area 4 where home prices are historically lower nearly tripled over numbers recorded last March and you’ll see that the “average selling price” is being skewed downwards as a result. The price of a Saskatoon home has increased to a great degree than what is reflected in the “averages.”

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.

Norm Fisher
Royal LePage Saskatoon Real Estate

A closer look at the Saskatoon real estate statistics for February 2007

Spring is in the air, and Saskatoon home buyers are definitely taking their real estate seriously this year. Average days on the market fell sharply from 26 days in January to just 20 days in February. Many of the better homes and condos were sold in bidding wars and by month end over 50% of the new residential listing inventory was selling at, or above the asking price. Prices were somewhat slow in reacting given the “heat” on the street. The average price of a Saskatoon home increased to $188,028 from $183,971 in January (condos and single-family detached homes).

Saskatoon real estate statistics for February, 2007

The price of a house, or single-family detached home inched up to $194,360 from $190,652 in January.


Saskatoon house sale statistics for February, 2007

The condo market continued at a crazy pace. The average selling price of a Saskatoon condominium lost a smidge to $158,924 from $161,279 the month before. The average in December was just $144,363 so they remain up fairly substantially year to date. The average selling time in the condominium category plummeted to just 11 days and the average selling price actually came in higher than the average list price.


Saskatoon condo sale statistics for February, 2007

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