Saskatoon Real Estate

The following is the month-end news release issued by the Saskatoon Region Associaiton of REALTORS:

 October’s residential home sales market remained strong with a six month rolling average sales price of $247,076.00. The rolling average indicates the average price over the most recent six month period. The average sales price for the month of October was $255,613.00 up 53% from last year at this time. This number indicates strong demand for mid to upper price range homes.

The average price is derived by dividing the month’s unit sales number into the month’s dollar volume number. The average sales price percentage change should not be used unilaterally as prices vary from area to area. Consumers desiring to know the exact sale price range for their home should contact a REALTOR® member for that information.

Saskatoon remains a very affordable place to call home when compared to the national major market MLS® average selling price which was $329,000.00 up 11.9% from last year at this time or compared to markets such as Calgary where single family homes average $470,000.00.

Year to date Saskatoon REALTORS® have sold 1.19 billion dollars of real estate. That number up 96% from 2006 when $609,500,000 of real estate was sold.

Home buyers had 650 residential properties to select from at the end of October that number up 43% from 2006 when 453 homes were available to purchase. Listing inventory continued to improve with 534 properties being placed the market for sale up 43% from 2006 when only 377 properties were listed for sale.

All indicators point to similar activity for the remainder of 2007 fuelled by consumer confidence in the Saskatoon and area economy. Market activity is expected to increase in the spring of 2008 accompanied by increased home sale prices.    

Click here to see all of the SRAR's stats for the past couple of years.

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