Saskatoon real estate: Week in review (February 19-23 2007)

Here’s a brief statistical overview of residential sales as reported to the Saskatoon Real Estate Board MLS® system for the past week.


Notable changes over the previous week:


The percentage of listings which sold at the list price or above the list price increased from 48% to 56%.


The average selling price of a home exceeded the average listing price in four of five areas*.


The average overbid where listings sold over their list price increased 27% from $4,735 to $6,037.

Saskatoon real estate stats

Largest overbids

  • 864 square foot Lakeview condo sells 10% over list at $113,000.
  • 1,000 square foot Dundonald house sells 10% over list at $198,000.
  • 975 square foot City Park house sells 10% over list at $170,000.

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

What’s really happening in the Saskatoon real estate market?

If you’ve spoken to a Saskatoon real estate agent lately, you’ve undoubtedly been left with the impression that the market is hot, and it certainly is. It’s very easy to lose perspective though, because we most often hear the exceptional stories repeated.


You might have the impression that all homes listed are attracting offers in excess of the listed price and that’s simply not true. I thought I’d give you a bit of an overview of the sales activity from last week to give you a truer picture of what’s going on.


The following chart shows the total number of residential sales in each Saskatoon area (geographic definitions below) followed by the number of homes which sold below the asking price, at the asking price and above the asking price.


The next chart shows the average list price, average sale price, and the average overbid where homes sold above the asking price.


Recent Saskatoon real estate activity

Even I was surprised to find that over 50% of residential listings are still selling below the list price, though marginally. Fewer than 25% are actually selling above the list price. It’s very clear that on average seller’s are receiving offers which are very close to the asking price but you can’t assume that you’ll need to pay more than list for every Saskatoon real estate listing.


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