Saskatoon Real Estate Market Update for March

The Saskatoon real estate market continued to be hot in March. When looking at the entire first quarter of 2012 there was an increase of 14% from the same period in 2011 and combined with this the amount of houses for sale that were listed were down 2% from the same period.

At the end of March we had 1053 houses for sale in Saskatoon which was down 66 units from the year before. All price ranges have been busy but the activity in homes for sale in Saskatoon priced over $350,000 was up 140% from 2011 and compared to last March sales in $450,000-$500,000 was up 243%. This also affects the average house price in Saskatoon which was up 9% to just under $319,000. These higher range houses for sale in Saskatoon that are getting offers is what is helping to drive the average house price in Saskatoon upwards.

Saskatoon’s real estate market continues to be what we call ‘balanced’ but certain price ranges tend to be hotter than others and with lower supply and high demand this means we aren’t balanced in all ranges.

At the end of March we had 1000 houses for sale in Saskatoon and surrounding area with 631 actual properties for sale in Saskatoon and 494 sales.

If you are considering buying a house for sale in Saskatoon or a condo for sale in Saskatoon call or email me as I would love to help you with the largest purchase of your life. If you are thinking about selling your house in Saskatoon call or email me to find out how using my full service can get you the best exposure for your home. I am a trusted Saskatoon REALTOR with 5 years of experience and over 300 clients helped.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion
kari@saskatoonrealestate.net