Real Estate Blog

Saskatoon — As the weather cooled in October, residential sales in Saskatoon, Prince Albert and the Battlefords warmed over last year, the Saskatoon Region Association of REALTORS® (SRAR) reported today. In the city of Saskatoon, sales rose seven per cent to 306, up from last October’s 285, helping to drive the dollar volume up five per cent to $97.5 million from $92.6 million. Listings also rose marginally to 599, up one per cent from 591. The average selling price fell two per cent to $318,450, down from $325,016. Trevor Schmidt, interim CEO of SRAR, noted that the average five-year median sales price — $333,154 has not changed much over the past several years. “This year, we’re tracking at the same level as the five-year average,” he said. “The market

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September Brings Increases in Saskatoon Home Sales, Listings and Prices


Saskatoon — The first month of autumn had spring in its step as Saskatoon’s residential housing market saw increases in listings, sales and the average price, according to statistics from the Saskatoon Region Association of REALTORS® (SRAR).
Sales rose 14 per cent to 305, up from last September’s 267 and 260 the year before, while the average price was up 10 per cent to $351,741 from $319,534.
Those factors contributed to a 26 per cent jump in the dollar volume of sales, which came in at $107.3 million — well up from $85.3 million last September and $89.5 million in
2017.
More homeowners decided to put their properties on the market, as well, listing 717 homes, up 11 per cent from 647

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Saskatoon residential sales remain stable year over year Saskatoon — Fewer Saskatoon homes were listed in August even as sales remained stable compared to the same month of 2018, the Saskatoon Region Association of REALTORS® (SRAR) reported Thursday.

City listings fell four per cent to 724, down from last August’s 757, while the month’s 325 sales were almost on par with last year’s 329 — the same number sold in 2017, as well. Year-to-date, listings are down three per cent to 5,676 (from 5,873) while sales have risen six per cent to 2,551 (from 2,410).

Active listings in the city are down five percent to 1,916 from 2,019 at the same time last year. “

It’s always a good thing, especially in the time we’re in, when listings are declining — and they

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Saskatoon — Hot weather and summer holidays brought a slight cooling to Saskatoon and region’s housing market, as sales and total dollar volume fell by 9.8 and 9.4 per cent respectively from last July.

Multiple Listing Service®(MLS) sales totaled 481, down from 533, while listings rose a marginal 0.4 per cent to 1,140. Dollar volume fell to $154.7 million from last year’s $170.7 million, reported the Saskatoon Region Association of REALTORS®(SRAR).

“Typically people think summer will always be busy, but spring is the busiest market,” said SRAR CEO Jason Yochim. “It tapers off a bit in summer. Winter weather can be brutal, and people take advantage of summer when it’s here.”

Still, year-to-date numbers remain up over 2018. Sales rose 4.4 per cent

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After a fairly strong February, the city of Saskatoon’s March housing market had spring in its step as both new listings and sales rose over last year, by five and 11 per cent respectively.

The Saskatoon Region Association of REALTORS® (SRAR) reported 702 listings were posted to the Multiple Listing Service® (MLS®), up from 668 last March, but significantly down from 850 in 2017.

Sales jumped 11 per cent to 258, up from 233 last year but down from 308 in March 2017. At the same time, the average selling price dropped four per cent to $316,445, down from just over $328,000 a year earlier, partly due to a higher proportion of entry-level home sales below $400,000. There was also a significant decrease in the number of sales recorded between $400,000 and

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Despite the very cold temperatures in February, Saskatoon and region home sellers found a little warmth as new listings dropped 7% and sales rose 6%.

The Saskatoon Region Association of REALTORS® (SRAR) reported 731 homes were listed, down from 783 in the same month of last year, while sales rose to 296 from 280.

The dollar volume of homes sold through the Multiple Listing Service® (MLS®) rose 4%, to $95.8 million from $92.4 million.

Year to date, listings dropped 7% to 1,591, sales were up 1% to 570, and the dollar volume was down a marginal 1% to $180.8 million.

Excluding the region, new Saskatoon listings were down 8.6% in February to 478 — the fewest since 2013 — while sales held steady with last year, rising by one to 211. Months of inventory dropped to

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Year over year average sale price was down 12% in January at $302,412. By comparison, the average price in January of 2017 and 2018 was $$341,260 and $344,720 respectively. The challenge with averages is that the numbers can be skewed in a given period and are therefore not a reliable reflection of pricing. For this reason, the Canadian Real Estate Association created the MLS® Home Price Index (HPI) for major cities to give a more accurate reflection of pricing trends. The HPI establishes attributes for a handful of typical housing styles; Single Family, One Storey, Two Storey, Townhouse, Apartment and a composite of all five. It then establishes a base value to each with the starting point of 2005. From that starting point, changes in value are recorded

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December residential home sales on the Multiple Listing Service (MLS®) in Saskatoon totaled 164 transactions, 20% fewer than December of 2017 which recorded 205 residential sales. The region surrounding Saskatoon had 43 MLS® sales in December of 2018, only one less than the previous December. The total annual number of residential home sales for 2018 in Saskatoon totaled 3,329 units. This is a 5% decline compared to the total number of home transactions for 2017. This represents the fourth straight year of a decline in annual home sales in Saskatoon. By comparison there were 4,417 MLS® sales in 2014, an overall reduction of almost 25%. There was no change in the total annual sales for the surrounding region with 986 residential MLS® transactions. 

The

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