Michael Kinar

Mobile (306) 229-6743

Email: michael@expertadvisorrealty.com

Thinking of Selling

Thinking of Buying

Home Search

Posts By Date
Back to Blog

Sales activity in Area 1, which is the residential development east of Circle Drive, is the only area showing a positive increase in the number of unit sales at 3% year to date. All other areas of the city had slight decreases with the exception of the north end with a decrease of 12% or 271 unit sales compared to 309 at the end of July 2012. There is more selection in Area 1 with many existing and new neighborhoods to choose to live.


Active listings are up 8% from last year with 1,338 homes available in the Saskatoon market place. Sales were also up 8% in July with 620 transactions taking place and an average time on the market of 35 days which is a drastic change from the average of 63 days last July. Despite some speculation that the Saskatoon economy is slowing, the real estate market proved otherwise with a very active July.   Most of the sales occurred in the price range between $350,000 and $400,000 with 490 transactions in the first seven months of the year.


The average sale price in Saskatoon inched up slightly by 3% to just under $342,000. The market remains balanced with a total of 4,846 homes listed in Saskatoon year to date with 2,623 of these selling for a sale to listing ratio of 54%.


The areas surrounding Saskatoon, including several growing "bedroom" communities, continue to show strong activity with an increase in the number of sales by 7% over the same period last year. The average selling price in the surrounding areas is just over $300,000 which is a 5% increase from last year. As communities like Warman and Martensville continue to add neighborhoods and amenities, their pace of growth will continue to be strong.


No comments

Post Your Comment: