JUST THE FACTS
Here’s what’s new in Saskatoon’s real estate world.
243 homes were purchased in November that number 13.5% lower than November 2015 when 281 homes were purchased. The average selling price was $350.212.00 that number 3% lower than November 2015 when the average was $361,051.00. The average price year to date is $350,888.00. .9% lower than in 2015 when the average was $354,164.00. The average number of days to sell a property in November was 50 days, a slightly longer selling time for this season. Unit sales year to date are 6.6% lower than 2015 while the number of units listed is down 4.9%. REALTORS® listed 665 residential properties in November that number up from the 631 listings in November last year. Year to date listing numbers are 8,897 listings, 4.9% lower than the 9,357 listed in 2015. 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. homes to select from at the end of the month which calculates out to be approximately 7 months of inventory.
Residential sales activity in communities around Saskatoon was down from November 2015. 60 homes were purchased in November this year, down from the 78 being purchased in November 2015. The average selling price in November was down .8% at $289,884. To the end of November 3,080 properties have been listed in these areas around Saskatoon, this number indicates a 7.6% decrease from the 3,332 property listings in 2015. At the end of November 2016 there were 890 active listings in these areas around Saskatoon, 9% lower than November 2015. Year to date the total number of unit sales was down 9.8% from the 1,077 units in 2015 to 971 units in 2016. The average sale price of $310,573 was a .4% decline when compared to the same 11 month period last year.
Just one more thing. If your family or friends are thinking of buying or selling please introduce us, after all you want them to receive the same trustworthy service you have experienced all these years.