Are you at least a little bit curious about the current price trends for real estate in your neighbourhood? We’ve been putting in some OT over the past couple of days to bring you the latest look into the trends for each Saskatoon area. Those numbers are now available on our “Saskatoon neighbourhoods” pages, but please check out the highlights below before you go.
While most areas produced six-month rolling averages that exceeded the overall averages for the year, indicating that the current trend is upward, the majority of neighbourhoods experienced some decreases through 2009. More often than not declines were in the 3%-10% range.
A few areas saw declines in the average house price that were out of step with the rest of the city. In Greystone Heights the average selling price of a single-family home dropped $55,000, and the median sale price dropped $53,000. Lakeview saw it’s average drop the most in real dollars by $81,261, while the median price for the area moved down $50,000. Montgomery Place saw a $60,000 drop in the average and a $63,000 drop in the median. Nutana’s average came down significantly falling $80,000, but the median price for the area moved just $10K. Briarwood, Avalon and Erindale also saw average house price declines that were higher than average at $69,445, $63,914 and $48,971 respectively.
This year’s biggest surprise may be Stonebridge, an area that our more bearish readers wrote off as hopeless, bound to become an open range of rickety shacks with garbage and tumbleweeds everywhere. Sorry folks. The average price in Stonebridge declined less than $11,000 over the year as a ten-month supply of inventory nearly vanished.
In the stupid prizes categories, Lakewood condos win for coming closest to the overall condo average in Saskatoon while Holliston wins for most closely following the average Saskatoon house price over the last ten years.
See what happened in your neighbourhood here. While you’re there, please jot us a short note about your area in the comments section of the page.
The same details for Saskatoon can be found here.
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