December Market Update...
Information summarized from SRAR December Media Release
Last month Saskatoon REALTORS® assisted 283 home buyers with the purchase of their dream home. This number was up 12 % from November 2009. The year to date sales number stands at 3,396 down 7 % from the same time last year. The $300,000 to 350,000.00 price range continues to be the most active. The average number of days to sell in the month of November was 42 days. The average residential selling price in November was $312,893.00 this number up 13 % from November 2009. The average price year to date is $296,136.00 up 7% from 2009.
Home buyers had 1,045 homes to select from at the end of November, that number up from November 2009 when 877 homes were on the market for sale. REALTORS® listed 403 homes in November that number up 13% from November 2009.
In areas surrounding Saskatoon sales activity was steady with 75 homes selling that number on par with November 2009. Year to date, REALTORS® have sold 857 homes in areas around Saskatoon that number down 5 % from 2009. REALTORS® listed 154 properties in these areas in the month of November. That number is up 20 % from November 2009. The average number of days to sell in areas around Saskatoon during the month of November was 78 days.
Fourth quarter unit sale activity is performing as forecast. The new home market remains strong with steady city lot sales taking place. Interest rates have edged up ever so slightly but have seemly had little impact on home sales. Job creation in the Saskatoon area remains steady. The forecast for the remainder of 2010 is for listing and sales numbers to continue to balance and for prices level as well.