What’s new in Saskatoon’s Real Estate Market

    Here’s what’s new in Saskatoon’s real estate world.
    529 homes were purchased in June that number 13% higher than June 2013 when 470 homes were purchased. The average selling price was $361,770.00 that number 3% higher than June 2013 when the average was $350,175.00. The average price year to date is $355,479.00 up 3% from 2013 at this same time when the average was $345,483.00. The average number of days to sell a property in June was 33 days indicating a seasonal increase of sales. Unit sales year to date are 10% higher than 2013 while the number of units listed is up by 16%. REALTORS® listed 907 residential properties in June that number up from the 750 listings in June last year. Year to date listing numbers are 4,717 listings, 16% higher than the 4,062 listed in 2013. 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 1,578 homes to select from at the end of the month which calculates out to be approximately 3 months of inventory.
    Residential sales activity in communities around Saskatoon was up 36% from June 2013. 159 homes were purchased in June as compared to 117 being purchased in June 2013. The average selling price was up 2% at $302,033.00 . Year to date 1765 properties have been listed in these areas around Saskatoon, this number indicates a 12% increase from the 1572 property listings in 2013. At the end of June 2014 there were 1061 active listings in these areas around Saskatoon, approximately 3% higher than June 2013.

    For more than 26 years I have made selling real estate my profession, career and passion. As a buyer or seller you want your real estate transaction to go smoothly, that means finding the exact home you are looking for, or selling your home promptly and for the best price. You need an experienced professional. I will put my knowledge and 26 plus years of experience to work in order to exceed your expectations, achieve your real estate goals and ultimately make your move a pleasant one. Please call me at 306-280-0989 and we can talk about how I can help you with your real estate needs and desires.



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