JUST THE FACTS

    JUST THE FACTS
    Here’s what’s new in Saskatoon’s real estate world.
    240 homes were purchased in February that number 20% lower than February 2014 when 300 homes were purchased. The average selling price was $362,394.00 that number 4% higher than February 2014 when the average was $345,301.00. The average price year to date is $356,989.00 up 4% from 2014 at this same time when the average was $349,092.00. The average number of days to sell a property in February was 40 days indicating a seasonal reduction of sales. Unit sales year to date are 20% lower than 2014 while the number of units listed is up by 14%. REALTORS® listed 655 residential properties in February that number up from the 575 listings in February last year. Year to date listing numbers are 1,378 listings, 14% higher than the 1,212 listed in 2014. A certain percentage of these listings were previously listed properties that failed to sell as a result of being overpriced, which were then relisted at a lower price in order to bring them closer to market value. Home buyers had 1,555 homes to select from at the end of the month which calculates out to be approximately 6.5 months of inventory.
    Residential sales activity in communities around Saskatoon was 28% lower than in February 2014. 112 homes were purchased in February as compared to 155 being purchased in February 2014. The average selling price was up 10% at $327,865. Year to date 479 properties have been listed in these areas around Saskatoon, this number indicates a 2% increase from the 470 property listings in 2014. At the end of February 2014 there were 876 active listings in these areas around Saskatoon, 5% higher than February 2014.
    Inventory continues to remain high in our market due to a 8% increase in listings and a 22% reduction in home sales year to date. Combined these two factors have created an overall increase in inventory levels of 13%. The sales to listing ratio at the end of February was 37%, a level not seen since last January. Home buyers currently have an upper hand in negotiations thanks to the large selection of homes available for sale.
    Now that you have all of the facts, please take a moment to view these 3 beautiful properties, one of them might be your dream home ! (Click on the photo)

    http://204maccormack.agentmarketing.com/
    http://204maccormack.agentmarketing.com/

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    http://1147stensrud.agentmarketing.com/
    http://1147stensrud.agentmarketing.com/

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