All Residential Sales Statistics Up in the Month of July
Information summarized from SRAR August 2nd media release
In the month of July, Saskatoon REALTORS® sold 403 residential properties. That number is up 13% from July 2010. Year to Date unit sales numbers stand at 405. That number is up 9% from 2010. The $300,000 to $350,000 price range continues to be the most active. The average number of days to sell in the month of July was 35 days.
The average residential selling price in July was $303,439, this number was up 4% from July 2010. At the end of July the year to date average selling price was $305,419, up 5% from year to date numbers in July 2010.
REALTORS® listed 603 homes in July. That number is up 10% from June 2010. Year to date, 4536 homes have been listed for sale, that number is up 3% from July 2010. Home buyers had 1405 homes to select from at the end of July, that number is down from June 2011 when 1430 were available to purchase.
In areas surrounding Saskatoon (e.g. Martensville, Warman, Clavet, etc), sales activity was very active with 96 homes selling, that number is up 37% from July 2010. REALTORS® listed 619 properties in these areas in the month of July. That number is up 15% from June 2010. The average selling price in these areas was $289,037, up 2% from July 2010. During the month of July in areas surrounding Saskatoon it took 63 days on average to sell a property.
The new home market remains strong with steady city lot sales taking place. Interest rates remain unchanged being favourable to purchase that next home. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2011 is for listing and sales numbers to continue to balance and for prices to level or move up slightly due to demand.