Saskatoon Real Estate News May 7, 2012

April Saskatoon Real Estate Market Update

April was a busy in the Saskatoon real estate market.  The number of houses for sale in Saskatoon increased by 4% from the same month in 2011 but we also saw an increase of 20% from 2011 in the number of houses in Saskatoon that sold in the same month. It is normal to see the number of listings go up in the spring and sales also tend to increase in a balanced market.

One of the slower price ranges in April was the $200,000-$300,000 range which was down 3% from the previous year (however there were likely also less houses for sale in Saskatoon under $300,000 this year). The $300,000-$500,000 continued to be busy in April with sales in this range up 34% from the year before.

The average price for a house for sale in Saskatoon in April 2012 was just under $326,000 which is up 9% from 2011 however with the price range of $300,000-$500,000 being very active this also impacts the average house price in Saskatoon. The six month rolling average house price in Saskatoon is just $320,768 which is up from $298,183 in 2011.

There were 1145 houses for sale in Saskatoon by May 1st 2012 which is down 12% from the 1300 houses for sale in Saskatoon in 2011. Outside of Saskatoon there were 938 houses for sale which was also down from 2011 when there were 973 houses for sale in communities outside of Saskatoon.

The number of REALTORS in Saskatoon has jumped 9% since 2011. We now have 520 active Saskatoon real estate agents which is up from 475 in 2011 and up from 433 in 2010.

If you are interested in buying a house in Saskatoon and you don’t yet have a Saskatoon REALTOR working for you, get in touch with me as I would be happy to help you with your purchase. If you are thinking about selling your house in Saskatoon I would be happy to discuss what I have to offer.

Kari Calder
Saskatoon Real Estate Agent
Century 21 Fusion