Saskatoon real estate week in review for May 11-17, 2019 (edition #636)

Saskatoon real estate sales in the residential category were higher than they were for the same period last year, now for the sixth consecutive week. Local REALTORS® firmed up 95 transactions in the category for a weekly gain of five and an annual increase of nine.

New listing activity remained seasonally strong. While the number of homes that were added to the MLS® fell five from the previous week, it grew by 15 units annually to reach 219.

The number of Saskatoon homes available to home buyers through the multiple listing service® continued to climb and reached 1890 by this morning. That brings a weekly increase of 78 properties and an annual decline of just 63. While active residential listings have remained at their lowest point in five years (for each week) most of this year we are close enough to last year’s numbers that the streak could end anytime. Weekly new listings should begin to decline very soon but we are still a month to two months away from seeing total inventory numbers reach their peak and it’s looking like we will easily eclipse 2000 listing before that happens.

Today’s totals include 708 Saskatoon condominiums, up nine from last week, but down 86 units from the close of the same week last year. Meanwhile, the number single-family homes that are offered for sale through the MLS® within the city of Saskatoon grew to 1060 for a weekly increase of 50. At this time last year there were 1032 Saskatoon houses for sale.

Upper end activity remained strong this past week and the weekly median price inched slightly higher to $325,000. A couple of sales that together added more than $2 million in dollar volume helped boost the average price of a Saskatoon home higher by nearly 25K this week to $355,979. The six-week average price took its fifth consecutive weekly gain and reached $340,074 which is nearly ten thousand dollars higher than it was at the close of the same period last year. The four-week median price moved in the opposite direction as it fell seven thousand dollars compared to the previous week to close ahead annually by close to fifteen thousand dollars.

Sellers hoping that multiple bids on their home might drive up the closing price were largely disappointed. Just two sales reported an above list price sale. One of those sellers picked up a $5,600 bonus, the other settled for $100 more than they had asked. Across the negotiating table, 85 Saskatoon home buyers closed a deal with an average discount of $11,373.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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 #115 – 542 Pringle Crescent, Stonebridge, Saskatoon, SK

Welcome to #115 – 542 Pringle Crescent in the Stonebridge area of Saskatoon.

Offered at $569,900 MLS®

View full listing detailshere.

Welcome to #115 – 542 Pringle Crescent! This stunning two bedroom bungalow townhouse backs the lake at “The Pinnacles” in the Stonebridge area and is perfect for the young professional or newly retired. Located just two blocks south of Vic Boulevard, you’ll have quick entry and exit from the neighbourhood, plus, a host of shopping and recreational amenities are only a short car ride away. The footpaths right outside your door allow you to walk (or run) around the lake or maybe you prefer to watch the world go by from your upper deck while enjoying a crisp chardonnay, either way, you’re in a great position to enjoy our amazing Saskatchewan summers. As a former show suite, this home is fully developed with numerous high end finishes. The kitchen features full height cabinetry, granite countertops and tiled backsplash. The kitchen is open to a dining nook and living room with gas fireplace and a custom wet bar. The large master bathroom has views of the lake and a five piece bathroom and completes the main floor. The walkout basement is fully developed and is the perfect place for a quiet night in! Enjoy movie nights in the large theatre room with its own bar with granite countertop. Work from home in the leather-floored den. Relax in the large family room. A second bedroom and another bathroom round out the basement. Other features of this home includes a double attached garage with epoxy flake flooring, natural gas BBQ hook up, and central air. Come take a look today!

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Welcome to #204 – 215 Berini Drive, Erindale, Saskatoon, SK

Welcome to #204 – 215 Berini Drive in the Erindale area of Saskatoon.

Offered at $399,900 MLS®

View full listing detailshere.

Welcome to #204 – 215 Berini Drive, a tidy bungalow townhome, located in a quiet, gated community in beautiful Erindale. The area boasts amazing recreational amenities as well including two of our cities most beautiful public parks. Adjacent areas offer a world class soccer centre, Forestry Farm Park and lots of shopping opportunities including three major grocers, and lots of restaurants for when you don’t feel like cooking. Vaulted ceilings and gleaming bamboo floors welcome you when you walk through the front doors. The large living room and dining area has large windows allowing for an abundance of natural light. Curl up with a glass of wine or a good book in front of your natural gas fireplace. A good sized kitchen has plenty of white cabinets and an eating nook where you’ll access your private deck for quiet, summer mornings outside with a cup of coffee. The master bedroom has a walk-in closet and a four piece ensuite. The main four piece bathroom with adjacent laundry is also on the main floor, as well as a second bedroom which could double as a den or sitting room. The basement area is fully developed and has two additional bedrooms and a three piece bathroom. A large family room and a storage room rounds out the basement development. Other features include central air, central vacuum and a double attached garage with direct entry. This home has been lovingly lived in, but is ready for its next owners, come take a look today!

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

If you have a home to sell, we’d be happy to represent you and prominently display your home here.

Welcome to 422 Brightsand Crescent, Lakeridge, Saskatoon, SK

Welcome to 422 Brightsand Crescent in the Lakeridge area of Saskatoon.

Offered at $374,900 MLS®

View full listing detailshere.

Welcome to 422 Brightsand Crescent, a three bedroom, three bathroom, four-level split on a quiet crescent in the Lakeridge area. You’ll enjoy the close proximity to quality schools, parks, and all the amenities in the Lakewood and Rosewood areas, which includes shopping, restaurants, banking and more. You’re also just a few minutes from Saskatoon’s newest Costco and other shops in the Meadows area. Get on Circle Drive South, and you can get downtown or to the Saskatoon west end in minutes. Have a student in your household? Multiple bus lines are a short walk away.
This home measures in at 1,026 sq/ft and is finished on all levels. The kitchen features updated dark alder wood Superior cabinets, granite countertops, stone and glass tile backsplash and high end stainless steel appliances. Garden doors take you out to your low maintenance, composite deck with natural gas BBQ hookup, and fully fenced backyard, with mature landscaping. Underground sprinklers in both the back and front yards, making summer watering a breeze. Upstairs, you’ll find the master bedroom with three piece ensuite, as well as two other bedrooms, so the family can all stay on the same floor. All of the home’s bathrooms have been updated. The third level has laminate flooring in the family room, as well as a natural gas fireplace to keep you warm on our chilly winter evenings, a two piece bathroom rounds out this level. The lower, fourth floor could be used for storage, a games room or work out area. Large laundry and utility room is also on this level. This great family home has plenty of off street parking in the double attached garage and on the double concrete driveway.

Interested parties should contact Lyndon Neher at 306-380-9090 for details and showing arrangements.

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 for May 4-10, 2019 (edition #635)

For the fifth consecutive week, home sale numbers came in higher than they were the previous year. Saskatoon real estate agents reported 90 firm deals to the multiple listing service®, down eight from the previous week but ahead of last year’s numbers by twenty sales.

New listings also sky-rocketed as eager sellers tried to get in on what is shaping up to be a strong spring market. A total of 226 Saskatoon homes were offered for sale, up 15 from the previous week. That’s ten fewer homes than we saw listed during the same period last year.

The inventory of active Saskatoon real estate listings spiked sharply higher as numbers grew by 79 across the week to reach 1818. That’s lower than levels recorded last year at this time by 70 homes. A closer look at the major housing categories shows that buyers have a selection of 1010 single-family homes today, an increase of 46 from a week ago, and 24 more than they would have found at this time last year. Condo inventory grew by 17 this week to reach 699 for an annual decline of 94 units, or 12 percent.

On the heels of a week that produced unusually high sales numbers in the range, sales in price categories below $250K fell lower. With strong buying activity of homes priced above the half million dollar mark, the weekly median sale price bounced back to $324,250 and the average sale price finished even higher at $331,188.

The longer-term measures both inched slightly higher this week. The six-week average price grew just fifteen hundred dollars and reached $336,720. That number is down two thousand dollars from the close of the same week last year. The four-week median price jumped by nearly four thousand dollars on the week to hit $332,000 which is up on an annual basis by twelve thousand dollars.

Six lucky Saskatoon homes sellers found themselves in the fortunate position of having multiple offers on their home which drove the contract price higher than the list price by an average of $2,800. That’s the highest number of above list price sales we’ve seen during any week this year and the first time that each major trading area has reported an over list price sale. Meanwhile, 77 Saskatoon homes sold for less than the asking price by an average of $12,388.

Here is a breakdown of what the sales to listing price ratio looked like on this week’s sales. Please note that those sales that do show a sale price that is greater than the list price are all new properties that spent some period of time on the market, and most likely included additional improvements that were not reflected in the original list price. We report these to you as “at list price sales”, which is likely too generous in some cases, but it’s simply not practical to obtain the full details of each sale.

More weekly stats and numbers for those who love them.

Thank-you for reading TeamFisher’s Saskatoon Real Estate Week in Review.

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